Susquehanna Keeps Their Buy Rating on National Beverage (FIZZ)


Susquehanna analyst Pablo Zuanic reiterated a Buy rating on National Beverage (FIZZ) today and set a price target of $118. The company’s shares opened today at $92.01.

Zuanic said:

“A detailed analysis of the WoW and MoM scanner data (see below) makes us agree with the company’s assertion today that the recent drop off in scanner trends is mostly related to cutbacks on display activity (as some retailers reacted to the early October news flow), more than to a consumer backlash and fallout in velocity. The category has not slowed, key competitors are already following the Lacroix price hikes, and share gains by peers (as Lacroix lost share in the last month) have been scattered (i.e., this is not due to one other company making great strides). Having said that, we have trimmed estimates again (to be conservative), but would continue to recommend buying the stock. Our Dec’19 price target of $118 (given what may be a reduced EPS growth algorithm), cut from $138, still offers more than 25% upside.”

According to TipRanks.com, Zuanic is a 4-star analyst with an average return of 5.8% and a 51.8% success rate. Zuanic covers the Consumer Goods sector, focusing on stocks such as Coca-Cola European Partners plc, Constellation Brands Inc, and Anheuser-Busch Inbev Sa.

The word on The Street in general, suggests a Hold analyst consensus rating for National Beverage with a $101 average price target.

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National Beverage’s market cap is currently $4.23B and has a P/E ratio of 26.50. The company has a Price to Book ratio of 11.17.

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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.

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