National Beverage (FIZZ) Gets a Hold Rating from Maxim Group


In a report released yesterday, Anthony Vendetti from Maxim Group maintained a Hold rating on National Beverage (FIZZ). The company’s shares closed yesterday at $44.06, close to its 52-week low of $40.05.

Vendetti commented:

“Market close, FIZZ reported F4Q19 (Apr) EBITDA, gross margins and GAAP EPS below our estimates and revenue inline with consensus. We believe LaCroix’s decelerating growth is weighing down the financial results. We reduce our FY20 forecast and introduce FY21 estimates.”

According to TipRanks.com, Vendetti is a 3-star analyst with an average return of 2.0% and a 46.3% success rate. Vendetti covers the Healthcare sector, focusing on stocks such as Restoration Robotics Inc, Xtant Medical Holdings, and Ra Medical Systems Inc.

National Beverage has an analyst consensus of Moderate Sell, with a price target consensus of $37.33, representing a -15.3% downside. In a report released yesterday, UBS also maintained a Hold rating on the stock with a $45 price target.

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National Beverage’s market cap is currently $2.06B and has a P/E ratio of 14.68. The company has a Price to Book ratio of 6.20.

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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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