National Beverage (NASDAQ:FIZZ) Hits New 1-Year Low – Here’s What Happened

National Beverage Corp. (NASDAQ:FIZZ)’s stock price hit a new 52-week low during mid-day trading 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

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

National Beverage Stock Performance

The company has a market capitalization of $2.96 billion, a PE ratio of 15.90 and a beta of 0.55. The company’s 50-day moving average is $33.46 and its 200 day moving average is $39.13.

National Beverage (NASDAQ:FIZZ) last issued its quarterly earnings data 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). National Beverage had a net margin of 15.55% and a return on equity of 39.29%. The business had revenue of $288.33 million for the quarter, compared to the consensus estimate of $292.66 million.

Institutional Investors Weigh In On National Beverage

Several institutional investors have recently added to or reduced their stakes in the business. Hantz Financial Services Inc. raised its stake in shares of National Beverage by 366.8% in the third quarter. Hantz Financial Services Inc. now owns 859 shares of the company’s stock worth $32,000 after purchasing an additional 675 shares during the last quarter. AlphaQuest LLC purchased a new position in National Beverage in the 3rd quarter valued at about $33,000. Osaic Holdings Inc. grew its stake in National Beverage by 72.5% during the 2nd quarter. Osaic Holdings Inc. now owns 1,018 shares of the company’s stock valued at $44,000 after acquiring an additional 428 shares in the last quarter. Advisory Services Network LLC purchased a new position in National Beverage during the third quarter worth about $39,000. Finally, Brown Brothers Harriman & Co. grew its position in National Beverage by 213.5% in the third quarter. Brown Brothers Harriman & Co. now owns 1,066 shares of the company’s stock worth $39,000 after acquiring an additional 726 shares during the period. Institutional investors and hedge funds 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.