National Beverage (NASDAQ:FIZZ) Reaches New 52-Week Low - What's Next?

Key Points

• National Beverage Corp. shares reached a new 52-week low of $36.14, with a last trading price of $36.28 and a volume of 131,021 shares traded.
• UBS Group downgraded National Beverage's price target from $40.00 to $39.00 and assigned a "sell" rating, contributing to the stock's overall average rating of "sell."
• The company reported earnings per share of $0.60 for the quarter, meeting consensus estimates, but fell short on revenue with $330.52 million against the expected $354.18 million.

National Beverage Corp. (NASDAQ:FIZZ - Get Free Report) shares hit a new 52-week low on Wednesday . The company traded as low as $36.14 and last traded at $36.28, with a volume of 131021 shares trading hands. The stock had previously closed at $36.92.

Analyst Upgrades and Downgrades

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

National Beverage Stock Performance

The firm has a market cap of $3.52 billion, a price-to-earnings ratio of 18.89 and a beta of 0.72. The company's fifty day moving average is $42.53 and its two-hundred day moving average is $43.40.

National Beverage (NASDAQ:FIZZ - Get Free Report) last posted its earnings results on Thursday, September 11th. The company reported $0.60 earnings per share for the quarter, meeting the consensus estimate of $0.60. The business had revenue of $330.52 million for 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%.

Hedge Funds Weigh In On National Beverage

Institutional investors have recently added to or reduced their stakes in the company. Bank of New York Mellon Corp lifted its holdings in National Beverage by 6.5% in the 1st quarter. Bank of New York Mellon Corp now owns 214,656 shares of the company's stock worth $8,917,000 after buying an additional 13,053 shares in the last quarter. Edgestream Partners L.P. acquired a new position in National Beverage in the 1st quarter worth $7,302,000. Vanguard Group Inc. lifted its holdings in 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 in the last quarter. GAMMA Investing LLC lifted its holdings in National Beverage by 29.2% in the 1st quarter. GAMMA Investing LLC now owns 2,060 shares of the company's stock worth $86,000 after buying an additional 466 shares in the last quarter. Finally, Invesco Ltd. lifted its holdings in National Beverage by 36.8% in the 1st quarter. Invesco Ltd. now owns 218,300 shares of the company's stock worth $9,068,000 after buying an additional 58,670 shares in the last quarter. Institutional investors and hedge funds 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.

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