National Beverage (NASDAQ:FIZZ) Issues Quarterly Earnings Results

National Beverage (NASDAQ:FIZZ) announced its quarterly earnings results on Thursday. The company reported $0.61 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.60 by $0.01, Yahoo Finance reports. National Beverage had a net margin of 14.83% and a return on equity of 36.10%.

National Beverage Trading Down 2.7 %

NASDAQ:FIZZ opened at $44.85 on Friday. The stock has a market capitalization of $4.20 billion, a price-to-earnings ratio of 23.73 and a beta of 0.82. The firm has a fifty day simple moving average of $48.36 and a two-hundred day simple moving average of $47.80. National Beverage has a 12 month low of $42.85 and a 12 month high of $53.58.

National Beverage Increases Dividend

The business also recently declared a dividend, which was paid on Wednesday, July 24th. Shareholders of record on Monday, June 24th were issued a $3.25 dividend. This is a boost from National Beverage’s previous dividend of $3.00. The ex-dividend date of this dividend was Monday, June 24th.

Insiders Place Their Bets

In other National Beverage news, Director Stanley Michael Sheridan sold 16,000 shares of the firm’s stock in a transaction on Friday, July 5th. The shares were sold at an average price of $51.81, for a total value of $828,960.00. Following the transaction, the director now directly owns 76,508 shares of the company’s stock, valued at $3,963,879.48. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. In other National Beverage news, Director Cecil D. Conlee sold 10,000 shares of the firm’s stock in a transaction on Thursday, July 11th. The shares were sold at an average price of $50.11, for a total value of $501,100.00. Following the transaction, the director now directly owns 56,480 shares of the company’s stock, valued at $2,830,212.80. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Stanley Michael Sheridan sold 16,000 shares of the firm’s stock in a transaction dated Friday, July 5th. The shares were sold at an average price of $51.81, for a total transaction of $828,960.00. Following the transaction, the director now directly owns 76,508 shares in the company, valued at $3,963,879.48. The disclosure for this sale can be found here. Corporate insiders own 75.00% of the company’s stock.

Wall Street Analyst Weigh In

Separately, UBS Group increased their price objective on shares of National Beverage from $47.00 to $48.00 and gave the stock a “sell” rating in a research report on Friday, June 28th.

National Beverage Company Profile

National Beverage Corp., through its subsidiaries, develops, produces, markets, and sells a portfolio of sparkling waters, juices, energy drinks, and carbonated soft drinks primarily in the United States and Canada. The company's Power+ brand portfolio offers sparkling water products under the LaCroix, LaCroix Cúrate, and LaCroix NiCola; non-carbonated flavored water under the Clear Fruit; energy drink and shots under the Rip It; juice and juice-based products under Everfresh, Everfresh Premier Varietals, and Mr.