National Beverage (NASDAQ:FIZZ) Hits New 12-Month Low on Analyst Downgrade

National Beverage Corp. (NASDAQ:FIZZ)’s stock price reached a new 52-week low on Monday after UBS Group lowered their price target on the stock from $40.00 to $39.00. UBS Group currently has a sell rating on the stock. National Beverage traded as low as $38.25 and last traded at $38.33, with a volume of 139413 shares traded. The stock had previously closed at $39.18.

Institutional Trading of National Beverage

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Golden State Wealth Management LLC lifted its position in National Beverage by 102.4% in the first quarter. Golden State Wealth Management LLC now owns 830 shares of the company’s stock valued at $34,000 after purchasing an additional 420 shares during the last quarter. Osaic Holdings Inc. increased its stake in shares of National Beverage by 72.5% during the second quarter. Osaic Holdings Inc. now owns 1,018 shares of the company’s stock valued at $44,000 after buying an additional 428 shares during the period. Lazard Asset Management LLC purchased a new position in shares of National Beverage during the fourth quarter valued at approximately $52,000. Parallel Advisors LLC increased its stake in shares of National Beverage by 307.6% during the first quarter. Parallel Advisors LLC now owns 1,333 shares of the company’s stock valued at $55,000 after buying an additional 1,006 shares during the period. Finally, Signaturefd LLC increased its stake in shares of National Beverage by 136.7% during the second quarter. Signaturefd LLC now owns 1,375 shares of the company’s stock valued at $59,000 after buying an additional 794 shares during the period. Institutional investors own 23.95% of the company’s stock.

National Beverage Price Performance

The stock has a market capitalization of $3.62 billion, a PE ratio of 19.41 and a beta of 0.72. The company has a 50 day moving average price of $44.33 and a 200-day moving average price of $43.68.

National Beverage (NASDAQ:FIZZ) last posted its earnings results on Thursday, September 11th. The company reported $0.60 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.60. National Beverage had a return on equity of 43.51% and a net margin of 15.45%.The firm had revenue of $330.52 million for the quarter, compared to analysts’ expectations of $354.18 million.

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.