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

National Beverage Corp. (NASDAQ:FIZZ - Get Free Report) shares hit a new 52-week low on Friday . The company traded as low as $42.18 and last traded at $42.20, with a volume of 4364 shares trading hands. The stock had previously closed at $42.40.

Analyst Upgrades and Downgrades

Separately, UBS Group decreased their price target on shares of National Beverage from $46.00 to $45.00 and set a "sell" rating for the company in a research note on Tuesday, September 10th.

National Beverage Trading Up 1.5 %

The company has a market cap of $4.03 billion, a PE ratio of 21.62 and a beta of 0.86. The stock has a 50 day moving average price of $46.89 and a 200 day moving average price of $47.06.

Insider Activity

In other news, Director Cecil D. Conlee sold 2,736 shares of the business's stock in a transaction that occurred on Thursday, December 12th. The stock was sold at an average price of $47.01, for a total value of $128,619.36. Following the sale, the director now directly owns 53,744 shares of the company's stock, valued at $2,526,505.44. The trade was a 4.84 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Company insiders own 74.80% of the company's stock.

Hedge Funds Weigh In On National Beverage

Several large investors have recently modified their holdings of the stock. Canada Pension Plan Investment Board purchased a new position in National Beverage in the 2nd quarter worth about $31,000. Quarry LP lifted its position in National Beverage by 584.9% during the second quarter. Quarry LP now owns 637 shares of the company's stock valued at $33,000 after purchasing an additional 544 shares during the period. Blue Trust Inc. lifted its position in National Beverage by 323.0% during the third quarter. Blue Trust Inc. now owns 643 shares of the company's stock valued at $33,000 after purchasing an additional 491 shares during the period. Quest Partners LLC purchased a new stake in National Beverage in the second quarter worth approximately $34,000. Finally, Headlands Technologies LLC grew its position in National Beverage by 760.2% in the 2nd quarter. Headlands Technologies LLC now owns 843 shares of the company's stock worth $43,000 after purchasing an additional 745 shares during the period. Hedge funds and other institutional investors own 23.95% of the company's stock.

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.