Goldman Sachs Comments On Hansen Natural Corporation

Goldman Sachs has published a research report on Hansen Natural (NASDAQ: HANS) raising estimates upon stronger sales.

In the report, Goldman Sachs comments, "Hansen (HANS) will report its 2Q11 EPS in early August. We are raising our 2Q2011 EPS estimate by $0.04, to $0.85, and now stand $0.03 above the consensus estimate. We raise our 2011/2012/2013 EPS estimates to $2.95/$3.51/$3.99 from $2.88/$3.32/$3.83, mostly reflecting a more positive sales outlook. The increase to our estimates reflect better US sales as HANS has been posting stronger-than-expected sales growth in the US convenience store data (up 22% ytd) as well as a slightly lower cost outlook as key spot commodities have retreated off of their peaks."

Goldman Sachs rated Hansen Natural at Neutral with a price target of $75.00. Hansen Natural closed Friday at $78.29.