Susquehanna analyst Pablo Zuanic reiterated a Buy rating on National Beverage (NASDAQ: FIZZ) today and set a price target of $143. The company’s shares closed on Friday at $106.26.
Zuanic commented:
“Management outlined several growth levers for Lacroix in the context of a sparkling water category growing at a 20% clip (we estimate Lacroix is now approaching 70% of company revenues), so further market share gains are almost a given.”
According to TipRanks.com, Zuanic is a 4-star analyst with an average return of 5.1% and a 44.7% success rate. Zuanic covers the Consumer Goods sector, focusing on stocks such as Coca-Cola European Partners, Constellation Brands Inc, and Anheuser-Busch Inbev Sa.
Currently, the analyst consensus on National Beverage is a Hold with an average price target of $108.50.
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National Beverage’s market cap is currently $4.95B and has a P/E ratio of 31.07. The company has a Price to Book ratio of 13.10.
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National Beverage Corp. engages in the development, manufacture, market, and sale of flavored beverage products. Its brands include Shasta, Faygo, Everfresh, LaCroix, Rip It, Asante, Mt. Shasta, ClearFruit, Mr. Pure, Ritz, Crystal Bay, Cascadia Sparkling Clear, Cascadia Only 2 Calories, Ohana, Big Shot, and St. Nick’s.
