National Beverage (NASDAQ:FIZZ) Shares Pass Above 200 Day Moving Average - Time to Sell?

Key Points

• Technical move: Shares of National Beverage (FIZZ) crossed above their 200-day moving average, trading as high as $35.57 and last at $35.43 versus a 200-day MA of $34.59.
• Analyst sentiment: The stock carries an average rating of "Sell" with an average price target of $35.00 (two analysts currently have sell ratings).
• Recent results: Q1 EPS matched expectations at $0.44 but revenue missed at $264.59M versus $271.06M, with a reported net margin of 15.71% and a P/E of about 17.6.

National Beverage Corp. (NASDAQ:FIZZ - Get Free Report)'s share price crossed above its two hundred day moving average during trading on Thursday . The stock has a two hundred day moving average of $34.59 and traded as high as $35.57. National Beverage shares last traded at $35.43, with a volume of 217,948 shares.

Analyst Upgrades and Downgrades

A number of research firms have commented on FIZZ. Weiss Ratings restated a "sell (d+)" rating on shares of National Beverage in a research note on Friday, March 27th. UBS Group lifted their price target on National Beverage from $34.00 to $35.00 and gave the company a "sell" rating in a research note on Monday, March 16th. Two equities research analysts have rated the stock with a Sell rating, According to data from MarketBeat.com, National Beverage currently has an average rating of "Sell" and an average target price of $35.00.

National Beverage Trading Up 2.3%

The company has a 50 day moving average price of $35.23 and a 200-day moving average price of $34.59. The company has a market cap of $3.32 billion, a P/E ratio of 17.63 and a beta of 0.77.

National Beverage (NASDAQ:FIZZ - Get Free Report) last issued its quarterly earnings results on Thursday, March 12th. The company reported $0.44 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.44. National Beverage had a return on equity of 36.00% and a net margin of 15.71%.The company had revenue of $264.59 million for the quarter, compared to analyst estimates of $271.06 million.

Hedge Funds Weigh In On National Beverage

Several hedge funds and other institutional investors have recently modified their holdings of the business. Rockefeller Capital Management L.P. boosted its holdings in shares of National Beverage by 958.8% during the 4th quarter. Rockefeller Capital Management L.P. now owns 900 shares of the company's stock valued at $29,000 after acquiring an additional 815 shares in the last quarter. Hantz Financial Services Inc. boosted its holdings in shares of National Beverage by 366.8% during the 3rd quarter. Hantz Financial Services Inc. now owns 859 shares of the company's stock valued at $32,000 after acquiring an additional 675 shares in the last quarter. AlphaQuest LLC acquired a new stake in shares of National Beverage during the 3rd quarter valued at $33,000. Aster Capital Management DIFC Ltd boosted its holdings in shares of National Beverage by 156.6% during the 4th quarter. Aster Capital Management DIFC Ltd now owns 1,111 shares of the company's stock valued at $35,000 after acquiring an additional 678 shares in the last quarter. Finally, Jessup Wealth Management Inc bought a new position in National Beverage in the fourth quarter valued at about $38,000. Institutional investors own 23.95% of the company's stock.

About National Beverage

National Beverage Corp. NASDAQ: FIZZ is a U.S.-based beverage company specializing in the development, marketing and production of nonalcoholic refreshment products. The company's portfolio includes a range of sparkling waters, soft drinks and energy beverages designed for a variety of consumer tastes and dietary preferences. Through in-house bottling operations and strategic partnerships with co-packers, National Beverage manages production from flavor formulation to final packaging and distribution.

Founded in 1985, National Beverage has broadened its product lineup over the decades through both organic brand introductions and selective acquisitions.

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