National Beverage (NASDAQ:FIZZ) Reaches New 1-Year Low – Here’s Why

National Beverage Corp. (NASDAQ:FIZZ)’s share price hit a new 52-week low on Friday . The stock traded as low as $31.71 and last traded at $31.6350, with a volume of 4116 shares. The stock had previously closed at $31.89.

Analysts Set New Price Targets

Several research analysts have commented on the company. Weiss Ratings reaffirmed a “sell (d+)” rating on shares of National Beverage in a report on Monday, December 29th. UBS Group set a $35.00 price objective on National Beverage and gave the stock a “sell” rating in a research report on Friday, December 5th. Two equities research analysts have rated the stock with a Sell rating, According to data from MarketBeat.com, the company has a consensus rating of “Sell” and an average price target of $35.00.

National Beverage Stock Down 0.7%

The firm has a market cap of $2.96 billion, a price-to-earnings ratio of 15.91 and a beta of 0.55. The firm has a 50 day moving average of $33.38 and a 200 day moving average of $39.01.

National Beverage (NASDAQ:FIZZ) last posted its quarterly earnings results on Thursday, December 11th. The company reported $0.49 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.52 by ($0.03). The business had revenue of $288.33 million for the quarter, compared to the consensus estimate of $292.66 million. National Beverage had a return on equity of 39.29% and a net margin of 15.55%.

Institutional Investors Weigh In On National Beverage

Several hedge funds and other institutional investors have recently modified their holdings of FIZZ. Dimensional Fund Advisors LP lifted its holdings in shares of National Beverage by 3.3% in the 3rd quarter. Dimensional Fund Advisors LP now owns 1,388,405 shares of the company’s stock worth $51,259,000 after purchasing an additional 43,835 shares in the last quarter. Geode Capital Management LLC raised its holdings in National Beverage by 3.2% during the second quarter. Geode Capital Management LLC now owns 779,290 shares of the company’s stock worth $33,700,000 after buying an additional 23,987 shares during the last quarter. Two Sigma Investments LP raised its holdings in National Beverage by 53.7% during the third quarter. Two Sigma Investments LP now owns 320,687 shares of the company’s stock worth $11,840,000 after buying an additional 111,978 shares during the last quarter. Qube Research & Technologies Ltd lifted its stake in shares of National Beverage by 24.6% in the third quarter. Qube Research & Technologies Ltd now owns 278,395 shares of the company’s stock valued at $10,278,000 after buying an additional 54,958 shares in the last quarter. Finally, Millennium Management LLC grew its holdings in shares of National Beverage by 485.3% during the first 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 during the last quarter. Institutional investors own 23.95% of the company’s stock.

About National Beverage

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.