National Beverage (NASDAQ:FIZZ) Reaches New 12-Month Low Following Analyst Downgrade

National Beverage Corp. (NASDAQ:FIZZ) reached a new 52-week low on Thursday after UBS Group lowered their price target on the stock from $46.00 to $41.00. UBS Group currently has a sell rating on the stock. National Beverage traded as low as $38.25 and last traded at $38.92, with a volume of 21370 shares traded. The stock had previously closed at $40.21.

Insider Transactions at National Beverage

In related news, Director Cecil D. Conlee sold 2,736 shares of the stock in a transaction that occurred on Thursday, December 12th. The stock was sold at an average price of $47.01, for a total transaction of $128,619.36. Following the completion of the transaction, the director now directly owns 53,744 shares of the company’s stock, valued at approximately $2,526,505.44. This represents a 4.84 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Corporate insiders own 74.80% of the company’s stock.

Hedge Funds Weigh In On National Beverage

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Vanguard Group Inc. boosted its stake in National Beverage by 1.1% during the fourth quarter. Vanguard Group Inc. now owns 2,747,752 shares of the company’s stock valued at $117,247,000 after buying an additional 31,062 shares during the last quarter. Dimensional Fund Advisors LP boosted its stake in National Beverage by 2.6% during the fourth quarter. Dimensional Fund Advisors LP now owns 1,248,681 shares of the company’s stock valued at $53,281,000 after buying an additional 32,003 shares during the last quarter. Geode Capital Management LLC boosted its stake in National Beverage by 2.2% during the fourth quarter. Geode Capital Management LLC now owns 721,810 shares of the company’s stock valued at $30,805,000 after buying an additional 15,734 shares during the last quarter. Northern Trust Corp boosted its stake in National Beverage by 10.6% during the fourth quarter. Northern Trust Corp now owns 295,028 shares of the company’s stock valued at $12,589,000 after buying an additional 28,186 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. boosted its stake in National Beverage by 2.7% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 271,658 shares of the company’s stock valued at $11,592,000 after buying an additional 7,075 shares during the last quarter. 23.95% of the stock is owned by institutional investors.

National Beverage Stock Up 0.6 %

The business has a 50 day moving average of $41.76 and a 200 day moving average of $44.87. The company has a market capitalization of $3.73 billion, a P/E ratio of 20.02 and a beta of 0.84.

National Beverage (NASDAQ:FIZZ) last issued its quarterly earnings data on Thursday, December 5th. The company reported $0.49 earnings per share (EPS) for the quarter. National Beverage had a return on equity of 42.80% and a net margin of 15.63%.

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.