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FIZZ

National Beverage

$42.28

-0.92 (-2.13%)

05:45
06/27/19
06/27
05:45
06/27/19
05:45

National Beverage target lowered to $33 after Q4 earnings miss at Jefferies

Jefferies analyst Kevin Grundy lowered his EBITDA estimates for National Beverage and reduced his price target for the shares to $33 from $34 following the company's Q4 earnings miss. Net sales were modestly better than expected, though gross margin came in "significantly worse," Grundy tells investors in a post-earnings research note. Competition has "clearly intensified" in the sparkling water space, says the analyst, who does not foresee a "quick, inexpensive, or even certain turnaround" for National Beverage's LaCroix brand. Grundy maintains an Underperform rating on the shares.

FIZZ National Beverage
$42.28

-0.92 (-2.13%)

06/04/19
06/04/19
UPGRADE

Fly Intel: Top five analyst upgrades
Catch up on today's top five analyst upgrades with this list compiled by The Fly: 1. Netflix (NFLX) upgraded to Buy from Hold at Loop Capital with analyst Alan Gould saying Netflix has built an "unstoppable lead" in subscription video streaming while the company's margin opportunity is expanding as it increasingly becomes a content producer, distributor and retailer. 2. Wingstop (WING) upgraded to Buy from Hold at Stifel with analyst Chris O'Cull saying the company's system sales growth will remain in mid to high teens for the foreseeable future and generate higher cash flows from increased average unit volumes thanks to its national advertising and digital ordering initiatives. 3. National Beverage (FIZZ) upgraded to Neutral from Sell at UBS with analyst Sean King citing valuation. 4. Take-Two (TTWO) upgraded to Market Perform from Underperform at BMO Capital with analyst Gerrick Johnson with the threat of an economic downturn, video game stocks will be increasingly seen as "safe havens for investors." 5. Mirati Therapeutics (MRTX) upgraded to Buy from Neutral at Citi with analyst Yigal Nochomovitz saying he believes Mirati's KRAS G12Ci has potential to exceed AMG510's 50% overall response rate in non-small cell lung cancer. This list is just a portion of The Fly's full analyst coverage. To see The Fly's full Street Research coverage, click here.
06/11/19
06/11/19
DOWNGRADE

National Beverage downgraded to Hold from Buy at CFRA Research
CFRA Research downgraded National Beverage to Hold from Buy with a $50 price target on shares of the parent of the Lacroix sparkling water brand.
06/12/19
JEFF
06/12/19
NO CHANGE
Target $34
JEFF
Underperform
National Beverage price target lowered to $34 from $45 at Jefferies
Jefferies analyst Kevin Grundy lowered his price target for National Beverage to $34 from $45 citing weakening Nielsen data and the whistleblower lawsuit by a former employee. Nielsen data for LaCroix has worsened in April and May as competition has ramped while "growing allegations create further demand risk," Grundy tells investors in a research note. The LaCroix brand has value, but National Beverage needs a public relations and strategic overhaul with better innovation and higher investment in order to "turn the tide," contends the analyst. He reiterates an Underperform rating on the shares.
06/25/19
JEFF
06/25/19
NO CHANGE
JEFF
Jefferies sees downside for National Beverage, Molson Coors after Nielsen data
Jefferies analyst Kevin Grundy noted that beverage sales in U.S. Nielsen channels slowed for the four weeks ended June 15, pointing out that the data indicate that National Beverage (FIZZ) sales declined by a sharp 9.8% in the period and Constellation Brands' (STZ) beer business showed 8.9% sales growth. He sees downside at Molson Coors (TAP) and National Beverage, the analyst said in his note recapping the data.

TODAY'S FREE FLY STORIES

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FNF

Fidelity National

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GOGL

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BA

Boeing

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ORCC

Owl Rock

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  • 18

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FFBC

First Financial Bancorp

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KSANF

Kansai Paint

$0.00

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, PPG

PPG

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GBCI

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AA

Alcoa

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SEM

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BA

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OPOF

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