National Beverage (NASDAQ:FIZZ) Stock Price Up 4.3% – Should You Buy?

National Beverage Corp. (NASDAQ:FIZZ)’s stock price rose 4.3% during trading on Friday . The company traded as high as $36.29 and last traded at $36.24. Approximately 68,442 shares traded hands during trading, a decline of 74% from the average daily volume of 262,343 shares. The stock had previously closed at $34.73.

Wall Street Analysts Forecast Growth

FIZZ has been the topic of a number of recent research reports. Weiss Ratings reiterated a “sell (d+)” rating on shares of National Beverage in a report on Friday, March 27th. UBS Group lifted their price target on shares of National Beverage from $34.00 to $35.00 and gave the stock a “sell” rating in a report on Monday, March 16th. Two equities research analysts have rated the stock with a Sell rating, According to data from MarketBeat.com, the company currently has an average rating of “Sell” and a consensus target price of $35.00.

National Beverage Price Performance

The firm has a market cap of $3.43 billion, a price-to-earnings ratio of 18.34 and a beta of 0.76. The firm’s fifty day moving average is $34.63 and its 200-day moving average is $34.41.

National Beverage (NASDAQ:FIZZ) last released its earnings results on Thursday, March 12th. The company reported $0.44 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.44. The business had revenue of $264.59 million for the quarter, compared to analyst estimates of $271.06 million. National Beverage had a net margin of 15.71% and a return on equity of 36.00%.

Hedge Funds Weigh In On National Beverage

Several hedge funds and other institutional investors have recently bought and sold shares of FIZZ. Royal Bank of Canada lifted its holdings in National Beverage by 8.1% in the first quarter. Royal Bank of Canada now owns 18,266 shares of the company’s stock valued at $758,000 after buying an additional 1,363 shares during the period. AQR Capital Management LLC raised its holdings in shares of National Beverage by 33.5% during the first quarter. AQR Capital Management LLC now owns 19,886 shares of the company’s stock valued at $826,000 after purchasing an additional 4,990 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its holdings in shares of National Beverage by 4.6% during the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 13,973 shares of the company’s stock valued at $580,000 after purchasing an additional 620 shares during the period. Millennium Management LLC increased its position in National Beverage by 485.3% in the 1st quarter. Millennium Management LLC now owns 275,644 shares of the company’s stock valued at $11,450,000 after buying an additional 228,553 shares in the last quarter. Finally, Jane Street Group LLC increased its position in National Beverage by 12,294.9% in the 1st quarter. Jane Street Group LLC now owns 48,292 shares of the company’s stock valued at $2,006,000 after buying an additional 48,688 shares in the last quarter. Institutional investors and hedge funds own 23.95% of the company’s stock.

National Beverage Company Profile

National Beverage Corp. (NASDAQ: FIZZ) is a U.S.-based beverage company specializing in the development, marketing and production of nonalcoholic refreshment products. The company’s portfolio includes a range of sparkling waters, soft drinks and energy beverages designed for a variety of consumer tastes and dietary preferences. Through in-house bottling operations and strategic partnerships with co-packers, National Beverage manages production from flavor formulation to final packaging and distribution.

Founded in 1985, National Beverage has broadened its product lineup over the decades through both organic brand introductions and selective acquisitions.