National BeverageFIZZ
About: National Beverage Corp is a non-alcoholic beverage company in the U.S. Its portfolio skews toward functional drinks (that is those purporting to offer health benefits) and is anchored by the popular LaCroix sparkling water trademark. Other offerings include Rip It energy drinks, Everfresh juices, and soda brands like Shasta and Faygo. The firm controls the majority of its production and distribution apparatus, with very little outsourcing. In terms of go-to-market, it uses warehouse distribution for big-box retailers, direct-store delivery for convenience stores and other small outlets, and food-service distributors for the food-service channel (schools, hospitals, restaurants).
Employees: 1,559
Fund manager confidence
Based on 2024 Q3 regulatory filings by fund managers ($100M+ AUM)
21% more first-time investments, than exits
New positions opened: 34 | Existing positions closed: 28
19% more repeat investments, than reductions
Existing positions increased: 83 | Existing positions reduced: 70
3% more funds holding
Funds holding: 219 [Q2] → 225 (+6) [Q3]
0% more funds holding in top 10
Funds holding in top 10: 1 [Q2] → 1 (+0) [Q3]
0.06% less ownership
Funds ownership: 23.85% [Q2] → 23.79% (-0.06%) [Q3]
8% less call options, than puts
Call options by funds: $6.22M | Put options by funds: $6.75M
9% less capital invested
Capital invested by funds: $1.15B [Q2] → $1.05B (-$101M) [Q3]
Research analyst outlook
1 Wall Street Analyst provided 1 year price targets over the past 3 months
1 analyst rating
UBS Peter Grom 38% 1-year accuracy 6 / 16 met price target | 7%downside $45 | Sell Maintained | 10 Sept 2024 |
