National Beverage (NASDAQ:FIZZ) Sets New 1-Year Low - Time to Sell?

Key Points

• National Beverage Corp. (NASDAQ:FIZZ) stocks hit a new **52-week low** of $35.52 during trading, reflecting ongoing market challenges.
• Analysts have issued a **consensus rating of "Reduce"** for the company, with UBS Group lowering its target price from $40 to **$39**, indicating a sell recommendation.
• The company reported **$0.60 earnings per share** in its recent quarterly earnings, meeting estimates, but fell short on revenue with **$330.52 million**, below the expected **$354.18 million**.

National Beverage Corp. (NASDAQ:FIZZ - Get Free Report)'s share price reached a new 52-week low during mid-day trading on Friday . The stock traded as low as $35.52 and last traded at $35.59, with a volume of 38885 shares trading hands. The stock had previously closed at $36.13.

Analysts Set New Price Targets

FIZZ has been the subject of several recent research reports. Weiss Ratings reissued a "hold (c)" rating on shares of National Beverage in a research note on Wednesday, October 8th. UBS Group cut their target price 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 investment analyst has rated the stock with a Hold rating and one has given a Sell rating to the stock. According to MarketBeat, the company presently has a consensus rating of "Reduce" and a consensus price target of $39.00.

National Beverage Stock Performance

The stock has a market cap of $3.35 billion, a price-to-earnings ratio of 17.97 and a beta of 0.63. The company's 50 day simple moving average is $39.23 and its two-hundred day simple moving average is $42.88.

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 firm 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%.

Institutional Inflows and Outflows

Several hedge funds have recently modified their holdings of FIZZ. GAMMA Investing LLC increased its stake in shares of National Beverage by 29.2% during the 1st quarter. GAMMA Investing LLC now owns 2,060 shares of the company's stock worth $86,000 after purchasing an additional 466 shares during the last quarter. Golden State Wealth Management LLC increased its stake in shares of 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. Diversified Trust Co acquired a new position in shares of National Beverage during the 1st quarter worth $212,000. Teacher Retirement System of Texas increased its stake in shares of National Beverage by 99.2% during the 1st quarter. Teacher Retirement System of Texas now owns 101,627 shares of the company's stock worth $4,222,000 after purchasing an additional 50,605 shares during the last quarter. Finally, Principal Financial Group Inc. grew its stake in National Beverage by 2.4% in the 1st quarter. Principal Financial Group Inc. now owns 116,874 shares of the company's stock valued at $4,855,000 after buying an additional 2,684 shares during 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.

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.