National Beverage (NASDAQ:FIZZ) Stock Price Down 5.3% - Should You Sell?

Key Points

• National Beverage Corp. (NASDAQ:FIZZ) experienced a significant decline in stock price, falling by 5.3% to close at $44.28 amidst a large drop in trading volume.
• UBS Group has raised its price target for National Beverage from $42.00 to $45.00, maintaining a "sell" rating with a consensus price target of $45.00.
• The company reported quarterly earnings of $0.48 per share, which matched analysts' estimates, alongside revenues of $313.63 million, exceeding expectations.

National Beverage Corp. (NASDAQ:FIZZ - Get Free Report) traded down 5.3% on Monday . The stock traded as low as $44.34 and last traded at $44.28. 69,549 shares traded hands during trading, a decline of 62% from the average session volume of 182,224 shares. The stock had previously closed at $46.75.

Analysts Set New Price Targets

Separately, UBS Group increased their price target on shares of National Beverage from $42.00 to $45.00 and gave the stock a "sell" rating in a research note on Monday, July 7th. One equities research analyst has rated the stock with a Sell rating, According to data from MarketBeat.com, the stock has an average rating of "Sell" and a consensus price target of $45.00.

National Beverage Price Performance

The business has a fifty day moving average of $45.40 and a 200 day moving average of $43.57. The stock has a market cap of $4.07 billion, a PE ratio of 21.76 and a beta of 0.82.

National Beverage (NASDAQ:FIZZ - Get Free Report) last released its quarterly earnings results on Wednesday, July 2nd. The company reported $0.48 earnings per share for the quarter, hitting analysts' consensus estimates of $0.48. The business had revenue of $313.63 million during the quarter, compared to the consensus estimate of $303.26 million. National Beverage had a net margin of 15.55% and a return on equity of 49.48%. During the same quarter last year, the company earned $0.47 earnings per share.

Institutional Trading of National Beverage

Institutional investors and hedge funds have recently made changes to their positions in the stock. Schroder Investment Management Group grew its stake in shares of National Beverage by 2.8% in the second quarter. Schroder Investment Management Group now owns 14,535 shares of the company's stock worth $628,000 after purchasing an additional 393 shares in the last quarter. Bleakley Financial Group LLC boosted its stake in shares of 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 acquiring an additional 408 shares in the last quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS increased its stake in National Beverage by 7.3% in 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 in the last quarter. Tower Research Capital LLC TRC increased its position in shares of National Beverage by 38.3% in the fourth quarter. Tower Research Capital LLC TRC now owns 1,499 shares of the company's stock worth $64,000 after acquiring an additional 415 shares in the last quarter. Finally, Golden State Wealth Management LLC raised its stake in National Beverage by 102.4% during the 1st quarter. Golden State Wealth Management LLC now owns 830 shares of the company's stock valued at $34,000 after purchasing an additional 420 shares during the period. 23.95% of the stock is currently owned by institutional investors and hedge funds.

National Beverage Company Profile

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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