National Beverage (NASDAQ:FIZZ) Shares Down 4.2% – Here’s Why

National Beverage Corp. (NASDAQ:FIZZ)’s share price traded down 4.2% on Friday . The stock traded as low as $32.79 and last traded at $33.2660. 38,136 shares changed hands during mid-day trading, a decline of 83% from the average session volume of 224,753 shares. The stock had previously closed at $34.74.

Wall Street Analysts Forecast Growth

A number of research firms have issued reports on FIZZ. UBS Group set a $35.00 price objective on shares of National Beverage and gave the company a “sell” rating in a report on Friday. Weiss Ratings reiterated a “hold (c-)” rating on shares of National Beverage in a research note on Friday, October 31st. One analyst has rated the stock with a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat, National Beverage has a consensus rating of “Reduce” and a consensus target price of $35.00.

National Beverage Stock Performance

The company has a market cap of $3.04 billion, a P/E ratio of 16.35 and a beta of 0.52. The stock’s fifty day moving average price is $34.99 and its two-hundred day moving average price is $40.84.

National Beverage (NASDAQ:FIZZ) last announced its quarterly earnings data on Thursday, September 11th. The company reported $0.60 EPS for the quarter, meeting the consensus estimate of $0.60. National Beverage had a net margin of 15.45% and a return on equity of 43.51%. The business had revenue of $330.52 million during the quarter, compared to the consensus estimate of $354.18 million.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of FIZZ. Advisory Services Network LLC bought a new stake in shares of National Beverage during the 3rd quarter valued at approximately $39,000. Jacobs Levy Equity Management Inc. increased its holdings in shares of National Beverage by 5.5% during the third quarter. Jacobs Levy Equity Management Inc. now owns 56,820 shares of the company’s stock worth $2,098,000 after buying an additional 2,972 shares in the last quarter. PharVision Advisers LLC acquired a new stake in shares of National Beverage during the 3rd quarter valued at $217,000. Sherbrooke Park Advisers LLC bought a new stake in National Beverage during the 3rd quarter worth $342,000. Finally, Qube Research & Technologies Ltd increased its holdings in National Beverage by 24.6% in the 3rd quarter. Qube Research & Technologies Ltd now owns 278,395 shares of the company’s stock worth $10,278,000 after purchasing an additional 54,958 shares in the last quarter. Institutional investors own 23.95% of the company’s stock.

About National Beverage

National Beverage Corp., through its subsidiaries, develops, produces, markets, and sells a portfolio of sparkling waters, juices, energy drinks, and carbonated soft drinks primarily in the United States and Canada. The company's Power+ brand portfolio offers sparkling water products under the LaCroix, LaCroix Cúrate, and LaCroix NiCola; non-carbonated flavored water under the Clear Fruit; energy drink and shots under the Rip It; juice and juice-based products under Everfresh, Everfresh Premier Varietals, and Mr.