National Beverage (NASDAQ:FIZZ) Hits New 1-Year Low - Should You Sell?

Key Points

• National Beverage Corp. shares hit a new 52-week low, trading as low as $36.11, prompting analysts to question whether investors should sell their holdings.
• Analysts have issued mixed ratings on the stock, with UBS Group reducing their target price and assigning a "sell" rating, while Weiss Ratings maintained a "hold" rating.
• Despite a recent earnings report that met expectations, the company’s revenue fell short of analyst estimates, raising concerns about its financial performance.

National Beverage Corp. (NASDAQ:FIZZ - Get Free Report) shares hit a new 52-week low during mid-day trading on Monday . The company traded as low as $36.11 and last traded at $36.18, with a volume of 196188 shares. The stock had previously closed at $37.13.

Wall Street Analyst Weigh In

FIZZ has been the topic of several analyst reports. UBS Group reduced their target price on National Beverage from $40.00 to $39.00 and set a "sell" rating on the stock in a report on Monday, September 15th. Weiss Ratings reaffirmed a "hold (c)" rating on shares of National Beverage in a research note on Wednesday, October 8th. One equities research analyst has rated the stock with a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat.com, National Beverage currently has a consensus rating of "Reduce" and a consensus target price of $39.00.

National Beverage Price Performance

The firm has a market capitalization of $3.39 billion, a P/E ratio of 18.19 and a beta of 0.63. The stock has a fifty day simple moving average of $41.04 and a two-hundred day simple moving average of $43.25.

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

Institutional Trading of National Beverage

Several institutional investors and hedge funds have recently modified their holdings of the stock. Bank of New York Mellon Corp boosted its holdings in National Beverage by 6.5% during the first quarter. Bank of New York Mellon Corp now owns 214,656 shares of the company's stock worth $8,917,000 after purchasing an additional 13,053 shares during the last quarter. Edgestream Partners L.P. purchased a new position in shares of National Beverage in the 1st quarter worth approximately $7,302,000. Vanguard Group Inc. boosted its stake in shares of National Beverage by 2.0% in the 1st quarter. Vanguard Group Inc. now owns 2,801,900 shares of the company's stock worth $116,391,000 after buying an additional 54,148 shares during the last quarter. GAMMA Investing LLC grew its holdings in shares of National Beverage by 29.2% in the first quarter. GAMMA Investing LLC now owns 2,060 shares of the company's stock valued at $86,000 after acquiring an additional 466 shares in the last quarter. Finally, Invesco Ltd. increased its position in shares of National Beverage by 36.8% during 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 during the last quarter. 23.95% of the stock is owned by hedge funds and other institutional investors.

National Beverage Company Profile

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.