|Bid||45.52 x 1000|
|Ask||45.59 x 900|
|Day's Range||44.92 - 45.82|
|52 Week Range||38.28 - 84.77|
|Beta (5Y Monthly)||1.25|
|PE Ratio (TTM)||18.25|
|Earnings Date||Mar 04, 2020 - Mar 08, 2020|
|Forward Dividend & Yield||N/A (N/A)|
|Ex-Dividend Date||Nov 28, 2018|
|1y Target Est||46.50|
In this article we are going to estimate the intrinsic value of National Beverage Corp. (NASDAQ:FIZZ) by taking the...
When it comes to Lyft (NASDAQ:LYFT), I'm on the fence. While I like the idea that Uber (NYSE:UBER) has a major competitor in North America to keep prices low, it's terrible if you want to make money off Lyft stock.Source: Roman Tiraspolsky / Shutterstock.com InvestorPlace - Stock Market News, Stock Advice & Trading TipsIn December, I stated that Lyft's pathway to profitability is best achieved by raising prices. This wasn't an original idea, mind you. It came from Barclays Capital's analysis of ride-hailing trips in New York City. Although this theory provided a glimmer of hope, I wanted nothing to do with it or Uber. The fact analysts have been reasonably positive about both stocks in 2020, be damned. What's There to Like About Lyft Stock?First, I often repeat the wise words of Canadian billionaire money manager Stephen Jarislowsky in my articles about recent IPOs because they are spot on."New issues are typically well promoted," wrote Jarislowsky in his 2005 book, The Investment Zoo. "My experience is that you can buy nine out of 10 new issues at a lower price a year or two later … I generally avoid new issues…."Here we sit, 10 months after Lyft's IPO, and its stock price is down 40% through Jan. 16. That provides interested investors with a much cheaper entry point.A second point to make is that even analysts such as Bernstein's Mark Shmulik, who's got a target price of $48 on Lyft stock (it's at $47 as I write this), admits Lyft's got some things going for it. "The good news is that they operate in a market that appears to be rationalizing, which helps drive bottom-line margin improvement" Shmulik wrote in a Jan. 8 note to clients. "… Our revenue forecast remains steady at 26% Y/Y in-line with consensus."Finally, InvestorPlace's Brad Moon recently stated that out of 37 analysts, 23 rate Lyft a buy with a median target price of $70, providing investors with potential upside of 49%. In a year in which many experts expect the markets to tread water, an almost 50% return is very enticing. However, with profitability not expected until at least 2021, Lyft has got to execute at a very high level. I don't see that the risks are worth it. Instead, I would argue that if you did a screen of U.S. stocks with a market capitalization of $2 billion or higher, my guess is that those trading directly above and below Lyft stock in terms of share price would present a better investment opportunity. This time next year, I'll be sure to let readers know if I was right. This Drink Maker Had a Tough 2019National Beverage (NASDAQ:FIZZ), the maker of LaCroix sparkling water, lost almost 30% of its value in 2019. It now trades for about a third of its all-time high hit in September 2017.First, here's the good news. On Dec. 6, National Beverage reported second-quarter adjusted earnings per share of 70 cents, 2 cents higher than the consensus estimate. FIZZ stock gained 12% on the news. The company noted that its November orders were ahead of the same period a year earlier. And its new Hi-Biscus flavor for LaCroix drink was flying off the shelves. The bad news is that the company got hit with a lawsuit last June that alleged LaCroix sparkling water isn't nearly as good for you as the company claims. It's because of this lawsuit and PepsiCo's (NASDAQ:PEP) commitment to spend more on Bubly, its sparkling water brand, that investors are lining up to short its stock.If I had to bet my last $5, I'd probably go with FIZZ because it makes money. The Tree House RocksThe stock directly below Lyft on my screen is TreeHouse Foods (NYSE:THS), a leading manufacturer of private-label packaged foods and beverages. It might not be a glamorous business, but it helps keep grocery-store brands on the shelves. On Jan. 13, TreeHouse announced that its deal to sell its ready-to-eat cereal business to Post Holdings (NYSE:POST) was terminated due to opposition from the Federal Trade Commission. As a result, the company will put the business up for sale once more, looking for a buyer that's not already heavily involved in the RTE cereal business. Going back to the drawing board is never a good thing. But that's business. Eventually, TreeHouse will find a suitable buyer. In the meantime, it expects to generate revenues and adjusted earnings from continuing operations in 2019 of $4.3 billion and $2.30 a share, respectively. Down 20% over the past 52 weeks, TreeHouse's valuation is cheaper than it's been in five years. It's not risk free, mind you, but it won't be nearly as volatile as Lyft in 2020.Ultimately, both of these alternatives aren't nearly as sexy as Lyft stock -- but who cares? All you should care about is making money over the long haul.At the time of this writing Will Ashworth did not hold a position in any of the aforementioned securities. More From InvestorPlace * 2 Toxic Pot Stocks You Should Avoid * The Top 5 Dow Jones Stocks to Buy for 2020 * 7 Fintech ETFs to Buy Now for Fabulous Financial Exposure * 3 Tech Stocks to Play Ahead of Earnings The post Forget Lyft, Buy These 2 Stocks Instead appeared first on InvestorPlace.
One of the best investments we can make is in our own knowledge and skill set. With that in mind, this article will...
It's obvious in retrospect that Beyond Meat (NASDAQ:BYND) stock was in a bubble after its initial public offering. Indeed, it was obvious at the time. BYND stock, almost unbelievably, gained over 800% from its IPO price of $25 in less than three months on the public markets.Source: calimedia / Shutterstock.com Since that peak, the story has been very different: Beyond Meat stock now has declined some 69% from those highs. Monday's close of $73.60 represents the lowest end-of-session price for BYND since May 13, its eighth session of public trading. * 5 Large-Cap Dividend Stocks to Buy Even after the pullback, Beyond Meat stock isn't cheap. That said, the story here is better than trading over the past few months would suggest. It's tempting, perhaps, to compare BYND to cannabis play Tilray (NASDAQ:TLRY), 2018's biggest post-IPO bubble. That seems incorrect. Beyond Meat has a real business -- and it's performed exceedingly well so far in 2019.InvestorPlace - Stock Market News, Stock Advice & Trading TipsValuation isn't perfect, and there are real "falling knife" concerns in the chart. One more key risk lurks. That said, investors shouldn't just assume that because the bubble has popped, Beyond Meat stock will keep tumbling. At some point, this stock simply will be too cheap. The Case for Beyond Meat StockAgain, BYND certainly was a bubble as its price cleared $200. But at $73, this doesn't look like a bubble stock. Valuation is reasonably expensive: backing out net cash, Beyond Meat stock trades at about 14x this year's sales, and almost 200x next year's earnings.Those multiples aren't inexpensive, to be sure. But in the context of current growth, they're at least in the ballpark of reasonable. Sales so far this year have risen 253%. That's actually an acceleration from 2018, when revenue increased roughly 170%. Earnings should rise nicely once profitability is reached next year, as margins expand and sales growth continues: Wall Street expects a 73% increase on the top line in 2020.Whatever an investor thinks of the underlying product, consumer response seems awfully positive. Revenue in 2015, according to a prospectus filed with the U.S. Securities and Exchange Commission, was just $8.8 million. It should increase over 30x in just four years, and over 50x in five.Beyond Meat isn't giving those sales away, either. Gross margins so far this year have expanded by sixteen full points to 33.2%. The company posted positive operating and net income in the third quarter. This a company with a huge opportunity that, at least in the early going, is capitalizing on that opportunity. Yet shares keep falling. The Risks to Beyond Meat StockOf course, shares have fallen because BYND stock became so overpriced at the highs. Beyond Meat stock still trades at almost triple its IPO price. It's still up 12% from its opening-day close after the biggest first-day pop since the dot-com bubble.And valuation is a question mark. 14x 2019 revenue and over 8x 2020 sales doesn't sound that expensive in a market where a name like Shopify (NYSE:SHOP) is trading at over 25x. But this is a manufacturing play; gross margins might top out in the 40s once scale is reached. There's still an enormous amount of growth priced into BYND stock at the moment.There's also a large debate as to how big Beyond Meat's market truly is. The company actually has struggled to expand its portfolio past the Beyond Burger. While plant-based, the company's products aren't necessarily healthy. And it's not clear that vegans will embrace a product that's supposed to mimic meat.In its prospectus, Beyond Meat suggested its worldwide market could be as large as $35 billion annually. If that figure is too optimistic (and it may be -- it's too early to tell definitively) then peak sales may be much lower than the company, and its shareholders, hope.And Beyond Meat probably needs a big addressable market because that market is going to be crowded. Privately held rival Impossible Burger is driving sales through Restaurant Brands International (NYSE:QSR) chain Burger King, and continues to raise capital for its expansion.Hormel Foods (NYSE:HRL) and Tyson Foods (NYSE:TSN) are among the meat producers moving into plant-based alternatives. Kellogg (NYSE:K) will expand its vegetarian-focused MorningStar Farms brand. Above $200, BYND stock was priced as if the company had the market to itself. Above $70, that might still be the case. Understanding BYNDFrom here, the two biggest risks seem to be valuation and competition. Beyond Meat has helped create a brand-new category, but that doesn't always guarantee long-term success. National Beverage (NASDAQ:FIZZ) had a first-mover advantage in sparkling water, but has struggled as deeper-pocketed competitors have moved in. BYND stock may be cheaper than it was, but again there's still substantial growth priced in.That said, there is a sense that some investors are misreading BYND stock even at these levels. There are arguments over whether the product is healthy or whether there are enough vegans to drive sales -- when Beyond Meat isn't pitching its products to vegans or as a lower-calorie/healthy option. Some investors might assume that the trajectory here will follow that of TLRY, whose shares haven't really stopped sliding from last year's peaks.It's worth remembering that Beyond Meat itself had nothing to do with the parabolic rise in its shares after the IPO. And it's worth considering what this story might look like if, say, the company had gone public at $40 and peaked at $85 instead of $239. The narrative here might be more about how well the company had performed this year, and what its opportunity might be going forward. Will McDonald's (NYSE:MCD) finally come around? Can restaurant sales, which have quintupled this year, keep soaring?Crazy trading this summer shouldn't change that narrative. Beyond Meat has performed well. It has an enormous opportunity in front of it. I'm not quite convinced that combination makes BYND stock compelling at $73. But it's certainly more attractive than skeptics seem to think.As of this writing, Vince Martin has no positions in any securities mentioned. More From InvestorPlace * 2 Toxic Pot Stocks You Should Avoid * 5 Large-Cap Dividend Stocks to Buy * 3 of the Worst ETFs in 2019 * 7 Biotech Stocks to Buy and Hold in 2020 The post Beyond Meat Stock Is Worth At Least a Look appeared first on InvestorPlace.
Russell 2000 ETF (IWM) lagged the larger S&P 500 ETF (SPY) by more than 10 percentage points since the end of the third quarter of 2018 as investors first worried over the possible ramifications of rising interest rates and the escalation of the trade war with China. The hedge funds and institutional investors we track […]
National Beverage Corp. results indicate that Nielsen tracking isn't accurately capturing LaCroix sales, UBS wrote in a note. "Management commentary following the results indicated that Nielsen is becoming a less accurate measure of brand health due to extrapolation algorithms for select retailers," UBS wrote in a note, with areas like Walmart Inc.'s e-commerce site and direct-to-business channels not included in the tally. Still, National Beverage reported a decline in second-quarter results last Thursday. Net income of $32.7 million, or 70 cents per share, was down from $41.1 million, or 88 cents per share, last year. And sales of $251.6 million were down from $260.7 million in 2018. The FactSet consensus was for EPS of 68 cents and sales of $249.0 million. The company is adding two LaCroix flavors, LimonCello and Pastèque, in early 2020, and recently launched the Hi-Biscus flavor. UBS rates National Beverage shares neutral and raised its price target to $57 from $44. National Beverage stock is down more than 35% for the past year, but is up 36.3% over the last month. The S&P 500 index is up nearly 19% for the last 12 months.
The National Beverage (NASDAQ:FIZZ) share price has done well in the last month, posting a gain of 35%. But...
In its 26th year as a continuing partner of St. Jude Children’s Research Hospital®, National Beverage Corp. (NASDAQ: FIZZ) asks all to join in giving HOPE to precious children facing serious illnesses.
Investors need to pay close attention to National Beverage (FIZZ) stock based on the movements in the options market lately.
Is National Beverage Corp. (NASDAQ:FIZZ) a good dividend stock? How can we tell? Dividend paying companies with...
National Beverage (FIZZ) delivered earnings and revenue surprises of 2.94% and -0.51%, respectively, for the quarter ended October 2019. Do the numbers hold clues to what lies ahead for the stock?
National Beverage Corp. (NASDAQ: FIZZ) today announced results for its second quarter ended October 26, 2019:
What goes up must come down – it’s true in physics, and it’s also true in the stock markets. We all know that the economy moves in cycles of growth and recession, and that the US is currently in the tenth year of a growth cycle – the longest sustained such cycle since the end of WWII. But there are warnings signs, and some market watchers are growing worried. Bond yields are low, perhaps too low, and the Federal Reserve has started rate cutting again, meaning it will have less room to maneuver in the next downturn. And Federal debt is at extraordinary levels, which some say are simply not sustainable.So that’s the background. But it doesn’t touch what is possibly the most important point of all: simply put, the US economy and stock markets have grown much faster in recent years, and reached much greater highs, than those in the rest of the world. Standing so much higher than the rest, the US economy is poised to fall much harder when the next recession does come.Jeffrey Gundlach, CEO of DoubleLine Capital, and an influential investor in the bond markets, has been outspoken recently about his worries for the markets in the near future. “Today, we have the S&P 500 is killing everybody else over the last ten years, almost 100% outperformance versus most other stock markets,” he says, setting the scene, and adds, “When the next recession comes, the United States will get crushed, and it will not make it back to the highs that we've seen, that we're floating around right now, probably for the rest of my career, is what I think is going to happen.”Gundlach is suggesting that the next recession could last several years or longer. He sees Federal debt as the biggest warning flasher right now, stating that the US government’s deficit problem – its chronic inability to balance tax receipts and expenditures – will push down hard on the dollar.OK, now that we’ve laid out the bearish case, what do we do with that information? Because using information is what TipRanks is all about. Markets are still growing, but there is a real case to be made that there is underlying fragility. One way to protect your portfolio is to get out of weak stocks. We’ve opened up the TipRanks Stock Screener tool and looked for stocks with a Sell rating and upwards of 15% downside potential. Let’s take a look at three of them, and see why Wall Street’s analysts are so wary. United Natural Foods (UNFI)We’ll start in the food service industry. You may think that food – being a commodity necessary for life – would be a solid foundation on which to build a business, but the food industry company’s face numerous headwinds: high overhead, low margins, volatile supply chains, and stiff competition, to name just a few. United Foods, the primary distributor for the upscale grocer Whole Foods Market, occupies an especially competitive niche in the natural and organic food segment.In the summer of 2018, UNFI compounded the natural headwinds of its business sector by acquiring Minnesota-based grocery wholesaler SuperValu for $1.3 billion. In the process, UNFI also had to pick up SuperValu’s $1.6 billion in debt. While UNFI could afford the purchase – United brings in upwards of $10 billion in annual revenues – it was still a significant hit to the wallet and the corporate debt load.While UNFI shares declined through most of 2019, the company looked like it was starting to turn around at the beginning of September. The fiscal Q4 report, released October 2, derailed that. Despite a strong year-over-year gain in revenue, from $2.59 billion to $6.41 billion, EPS dropped sharply, coming in at 44 cents. This was 36% below the 69-cent estimate, which itself was well below the year-ago figure of 76 cents. The fall in earnings, after the year-long slide in share value – shares in UNFI are down 11% in 2019 – reflects the impact of the SuperValu acquisition. Share value dropped sharply after the earnings report. It is clear that UNFI is still figuring out how to adjust to the new customer mix and gross margin numbers.Karen Short, 4-star analyst with Barclays, is skittish on UNFI. She writes, “While the heavy lifting on UNFI’s transformation has been completed, FY20 guidance was below expectations and bridging to guidance remains challenging given the many moving parts. With insufficient clarity on the stability of the core business, we remain [underweight]… the path to stability on the core remains elusive for the foreseeable future so we cannot become more constructive on the name until we have clarity on how the core is performing…” Short puts a $7 price target on UNFI to go along with her Sell rating. This suggests a potential downside of 25% for the stock. (To watch Short’s track record, click here)From BMO Capital, analyst Kelly Bania also sees UNFI as an underperformer. The analyst wrote, “UNFI reported a challenging F4Q19 which led F19 adjusted EBITDA to come in well below expectations. Guidance for F20 was below expectations and management walked back longer-term targets.” Bania’s $5 price implies a disastrous 46% downside to UNFI, in line with his "sell" rating for the stock. (To watch Bania’s track record, click here)Overall, UNFI stock hasn’t had a Buy rating in the past three months, and the most recent reviews are evenly split between 2 Sells and 2 Holds, giving UNFI a Moderate Sell consensus view. Shares trade at a low $9.81, but the $7.50 average price target indicates that the stock may have an additional 23.55% to fall. (See UNFI stock analysis on TipRanks) Dillard’s, Inc. (DDS)From food wholesalers we move to the clothing industry. Dillard’s is a major department store chain in the US, with over 292 stores. The chain’s largest presence is in Florida and Texas, with 42 and 57 stores respectively, and the other 193 stores are spread across 27 more states, mostly in the South and West. DDS shares have been volatile this year, as the company struggles with declining profit margins and trouble attracting younger customers.The difficulties saw DDS’s earnings fall by almost half in 1H19. Management put in place improvements in inventory management, boosting the chain’s efficiency and reducing the inventory gain year-over-year. In Q3 2019, DDS clobbered the estimates, bringing in a positive EPS of 22 cents when the analysts had expected a loss of 25 cents. It was a powerful performance, made more impressive when one notes that revenues slipped in the quarter, falling year-over-year from $1.46 billion to $1.39 billion.Historically, however, DDS has not been able to sustain the kind of performance that boosts the stock. The company has managed to post short-term rallies, but each fizzles out fairly quickly – and the long-term chart trend for DDS is not encouraging. While the stock is up 17% this year – still underperforming the S&P 500, however – it is down 35% over the past five years. Management has shown that it is good at improving inventory efficiencies, but the overall picture is not encouraging.That the big picture is somewhat grim is underscored by Deutsche Bank’s Paul Trussell. The 4-star analyst, in reviewing the recent quarterly report, wrote, “We commend management on delivering solid improvement from 1H19, especially in light of the highly promotional environment, but maintain our Sell rating as we expect full-year EBIT margin to contract by -124 bps (the company's worst performance since 2016).”Trussell put a $44 price target on DDS to go along with his Sell rating, suggesting a 38% downside to the stock. (To watch Trussell’s track record, click here)Dillard’s has a Moderate Sell rating from the analyst consensus, with 1 Hold and 2 Sells given in the past month. It’s important to note here that even the high estimate price target still indicates a downside to this stock – indicating that the analysts here are truly bearish. DDS is trading for $68.90, and the average price target of $49.33 implies that there 28% more room to fall on the downside. (See Dillard’s stock analysis on TipRanks) National Beverage (FIZZ)The fifth largest beverage company in the US may not be a household name, but some of its products are. National Beverage is the owner of Faygo and Shasta, popular regional soft drink brands, as well as the Wisconsin-based La Croix brand of carbonated water drinks. The company also owns and distributes several additional lines of soft drinks, energy drinks, and juices.While FIZZ’s brands are, at least regionally, popular, the company is facing declines on both the top and bottom lines of the earnings statements. For Q3 2019, the company reported EPS of 53 cents. This was 35 cents lower than the year-ago quarter, or a 39% drop. The gross revenue number was also bad, falling 3% from $227.5 million to the current value of $220.8 million.Commenting on the sharp drops in the quarterly results, CEO Nick Caporella said simply, “We are truly sorry for these results stated above.” He went on to add, “[G]ross margins were impacted by volume declines. Comparisons were further skewed by the adoption of the new tax act in the third quarter of the prior year…”So, despite annual revenues exceeding $1 billion, FIZZ is in trouble. The company is struggling with low margins combined with difficulties managing and promoting brands. The La Croix brand, in particular, has been the subject of lawsuits alleging that it does not use “all natural” flavoring as advertised.Branding troubles and competition are on the minds of Wall Street’s analysts when they look at FIZZ. Laurent Grandet, of Guggenheim, writes, “We are revising our expectations for National Beverage ahead of [fiscal] 2Q results expected in early December… we are now incorporating our estimated impact of the upcoming AHA brand launch in March 2020 that we expect will take shelf space and share from LaCroix. We continue to think LaCroix will not stabilize until at least next year...” Grandet reiterates her Sell rating on the stock, and lowers her price target to $31, indicating a downside of 36%. (To watch Grandet’s track record, click here.)Jefferies analyst Kevin Grundy is even more concise in his hard-edged review of FIZZ. He states simply, “Competition has intensified in the sparkling water space and we still do not foresee a quick, inexpensive, or even certain turnaround for the co.'s LaCroix brand.” Grundy also places a Sell on FIZZ, with a $32 price target that implies a 34% downside risk. (To watch Grundy’s track record, click here.)All told, FIZZ is rated a Moderate Sell by the analyst consensus. The three most recent ratings on the stock are 2 Sells and 1 Hold, indicating a bearish mood among analysts. The company’s branding and image problems are far from over, and Wall Street sees that continuing to impact sales. Shares are priced at $49.53, and the average price target of $35 suggests a downside of nearly 30%. (See National Beverage's stock analysis on TipRanks)
National Beverage (FIZZ) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.
When we invest, we're generally looking for stocks that outperform the market average. And while active stock picking...
Coca-Cola North America is adding a new sparkling water brand, Aha, to its lineup in March 2020. Created in about six months, Aha will be the beverage giant’s first new brand in a decade. Aha will come in eight flavors including lime and watermelon, strawberry and cucumber, and blueberry and pomegranate.
If you're interested in National Beverage Corp. (NASDAQ:FIZZ), then you might want to consider its beta (a measure of...
Hedge funds and other investment firms that we track manage billions of dollars of their wealthy clients' money, and needless to say, they are painstakingly thorough when analyzing where to invest this money, as their own wealth also depends on it. Regardless of the various methods used by elite investors like David Tepper and David […]
Today we are going to look at National Beverage Corp. (NASDAQ:FIZZ) to see whether it might be an attractive...
Higher earnings and revenues in the third quarter, and a strong advertisement plan seem to pave the path for PepsiCo's success. Here's what you need to know.
Coca-cola will roll out a new seltzer brand called “AHA” in March 2020. Yahoo Finance’s Brian Sozzi and Alexis Christoforous discuss on The First Trade.