National Beverage (NASDAQ:FIZZ) Sets New 52-Week Low - Here's What Happened

Key Points

• National Beverage Corp. (NASDAQ:FIZZ) reached a new 52-week low, trading at $37.64, prompting analysts to question if it’s time to sell.
• UBS Group downgraded the stock’s target price from $40.00 to $39.00 and set a "sell" rating, reflecting a consensus rating of "sell" among analysts.
• In its latest earnings report, National Beverage reported earnings per share of $0.60, meeting estimates, but fell short on revenue expectations with $330.52 million versus a forecast of $354.18 million.

National Beverage Corp. (NASDAQ:FIZZ - Get Free Report) hit a new 52-week low during mid-day trading on Monday . The company traded as low as $37.80 and last traded at $37.64, with a volume of 13094 shares traded. The stock had previously closed at $38.04.

Analyst Upgrades and Downgrades

Separately, UBS Group reduced their price objective on shares of National Beverage from $40.00 to $39.00 and set a "sell" rating for the company in a research note on Monday, September 15th. One research analyst has rated the stock with a Sell rating, According to data from MarketBeat, the company presently has an average rating of "Sell" and a consensus target price of $39.00.

National Beverage Stock Performance

The company's fifty day moving average price is $43.67 and its 200-day moving average price is $43.59. The stock has a market cap of $3.51 billion, a P/E ratio of 18.76 and a beta of 0.72.

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

Institutional Inflows and Outflows

Large investors have recently modified their holdings of the company. Schroder Investment Management Group grew its position in National Beverage by 2.8% during the 2nd quarter. Schroder Investment Management Group now owns 14,535 shares of the company's stock worth $628,000 after purchasing an additional 393 shares during the last quarter. Bleakley Financial Group LLC grew its position in National Beverage by 3.0% during the 1st quarter. Bleakley Financial Group LLC now owns 13,929 shares of the company's stock worth $579,000 after purchasing an additional 408 shares during the last quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS grew its position in National Beverage by 7.3% during the 2nd quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 6,009 shares of the company's stock worth $260,000 after purchasing an additional 408 shares during the last quarter. Golden State Wealth Management LLC grew its position in National Beverage by 102.4% during the 1st quarter. Golden State Wealth Management LLC now owns 830 shares of the company's stock worth $34,000 after purchasing an additional 420 shares during the last quarter. Finally, Cetera Investment Advisers grew its position in National Beverage by 8.1% during the 4th quarter. Cetera Investment Advisers now owns 5,661 shares of the company's stock worth $242,000 after purchasing an additional 425 shares during the last quarter. Institutional investors own 23.95% of the company's stock.

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.