National Beverage (NASDAQ:FIZZ) Reaches New 1-Year Low Following 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.

National Beverage Corp. (NASDAQ:FIZZ - Get Free Report)'s share price reached 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. The stock had previously closed at $39.18.

Institutional Inflows and Outflows

Institutional investors have recently made changes to their positions in the stock. Bank of New York Mellon Corp grew its holdings in shares of National Beverage by 6.5% during the 1st 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 in the last quarter. Edgestream Partners L.P. acquired a new position in shares of National Beverage during the first quarter valued at $7,302,000. Vanguard Group Inc. increased its holdings in National Beverage by 2.0% in the first quarter. Vanguard Group Inc. now owns 2,801,900 shares of the company's stock valued at $116,391,000 after purchasing an additional 54,148 shares during the last quarter. GAMMA Investing LLC increased its holdings in 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 purchasing an additional 466 shares during 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 worth $9,068,000 after acquiring an additional 58,670 shares in the last quarter. 23.95% of the stock is owned by institutional investors.

National Beverage Stock Down 2.2%

The stock has a fifty day moving average of $44.49 and a 200-day moving average of $43.69. The firm has a market capitalization of $3.59 billion, a P/E ratio of 19.23 and a beta of 0.72.

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 (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 company had revenue of $330.52 million during the quarter, compared to analysts' expectations of $354.18 million.

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.

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