National Beverage (NASDAQ:FIZZ) Reaches New 52-Week Low After Analyst Downgrade

Key Points

• National Beverage's stock has reached a new 52-week low at $38.25 after UBS Group downgraded their price target from $40.00 to $39.00, maintaining a sell rating.
• In recent institutional activity, notable increases in holdings were observed from Bank of New York Mellon Corp, Vanguard Group, and Invesco Ltd. during the first quarter.
• The company reported quarterly earnings of $0.60 per share, matching analysts' expectations, but fell short on revenue with $330.52 million compared to anticipated $354.18 million.

Shares of National Beverage Corp. (NASDAQ:FIZZ - Get Free Report) hit a new 52-week low during trading 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 changing hands. The stock had previously closed at $39.18.

Hedge Funds Weigh In On National Beverage

A number of hedge funds have recently modified their holdings of FIZZ. Golden State Wealth Management LLC boosted its position in shares of National Beverage by 102.4% during the first quarter. Golden State Wealth Management LLC now owns 830 shares of the company's stock worth $34,000 after acquiring an additional 420 shares during the last quarter. Osaic Holdings Inc. boosted its position 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 worth $44,000 after acquiring an additional 428 shares during the last quarter. Lazard Asset Management LLC bought a new position in shares of National Beverage during the fourth quarter worth $52,000. Parallel Advisors LLC boosted its position 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 worth $55,000 after acquiring an additional 1,006 shares during the last quarter. Finally, Signaturefd LLC boosted its position in shares of National Beverage by 136.7% during the second quarter. Signaturefd LLC now owns 1,375 shares of the company's stock worth $59,000 after acquiring an additional 794 shares during the last quarter. 23.95% of the stock is currently owned by institutional investors.

National Beverage Price Performance

The stock's 50-day moving average is $43.93 and its two-hundred day moving average is $43.60. The stock has a market cap of $3.56 billion, a P/E ratio of 19.12 and a beta of 0.72.

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

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.