National Beverage (NASDAQ:FIZZ) Trading Down 4.2% – What’s Next?

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

Analyst Upgrades and Downgrades

Several brokerages have recently commented on FIZZ. UBS Group set a $35.00 target price on National Beverage and gave the stock a “sell” rating in a research report on Friday. Weiss Ratings reaffirmed a “hold (c-)” rating on shares of National Beverage in a report on Friday, October 31st. One equities research analyst has rated the stock with a Hold rating and one has given a Sell rating to the company. According to MarketBeat, the stock has an average rating of “Reduce” and a consensus target price of $35.00.

National Beverage Trading Down 4.3%

The firm has a market capitalization of $3.11 billion, a price-to-earnings ratio of 16.71 and a beta of 0.52. The business has a 50-day moving average price of $34.92 and a two-hundred day moving average price of $40.72.

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

Institutional Trading of National Beverage

Several hedge funds have recently bought and sold shares of FIZZ. Vanguard Group Inc. increased its stake in National Beverage by 2.0% during the 1st quarter. Vanguard Group Inc. now owns 2,801,900 shares of the company’s stock valued at $116,391,000 after buying an additional 54,148 shares during the period. Invesco Ltd. boosted its holdings in shares of National Beverage by 36.8% in the first quarter. Invesco Ltd. now owns 218,300 shares of the company’s stock valued at $9,068,000 after acquiring an additional 58,670 shares in the last quarter. Cubist Systematic Strategies LLC acquired a new position in shares of National Beverage during the first quarter valued at approximately $1,092,000. XTX Topco Ltd bought a new stake in National Beverage during the first quarter worth approximately $315,000. Finally, Nordea Investment Management AB lifted its position in National Beverage by 1.6% in the second quarter. Nordea Investment Management AB now owns 67,384 shares of the company’s stock worth $2,889,000 after purchasing an additional 1,054 shares during the period. 23.95% of the stock is currently owned by institutional investors.

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.