UBS Group Issues Pessimistic Forecast for National Beverage (NASDAQ:FIZZ) Stock Price

National Beverage (NASDAQ:FIZZ - Free Report) had its price target decreased by UBS Group from $46.00 to $41.00 in a research note issued to investors on Thursday,Benzinga reports. UBS Group currently has a sell rating on the stock.

National Beverage Stock Performance

Shares of FIZZ traded up $0.58 during midday trading on Thursday, hitting $40.41. 198,460 shares of the stock were exchanged, compared to its average volume of 180,307. National Beverage has a 52-week low of $38.25 and a 52-week high of $53.48. The stock has a fifty day simple moving average of $41.76 and a 200 day simple moving average of $44.86. The firm has a market cap of $3.78 billion, a P/E ratio of 20.31 and a beta of 0.84.

National Beverage (NASDAQ:FIZZ - Get Free Report) last released its earnings results on Thursday, December 5th. The company reported $0.49 earnings per share (EPS) for the quarter. National Beverage had a return on equity of 42.80% and a net margin of 15.63%.

Insider Buying and Selling at National Beverage

In other National Beverage news, Director Cecil D. Conlee sold 2,736 shares of the firm's stock in a transaction 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 in the company, valued at $2,526,505.44. This trade represents a 4.84 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. 74.80% of the stock is owned by insiders.

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Institutional Trading of National Beverage

A number of hedge funds and other institutional investors have recently bought and sold shares of the business. Vanguard Group Inc. raised its stake in National Beverage by 1.1% in the fourth quarter. Vanguard Group Inc. now owns 2,747,752 shares of the company's stock valued at $117,247,000 after buying an additional 31,062 shares in the last quarter. Dimensional Fund Advisors LP increased its position in shares of National Beverage by 2.6% during the fourth quarter. Dimensional Fund Advisors LP now owns 1,248,681 shares of the company's stock worth $53,281,000 after purchasing an additional 32,003 shares in the last quarter. Geode Capital Management LLC increased its position in shares of National Beverage by 2.2% during the fourth quarter. Geode Capital Management LLC now owns 721,810 shares of the company's stock worth $30,805,000 after purchasing an additional 15,734 shares in the last quarter. Northern Trust Corp increased its position in shares of National Beverage by 10.6% during the fourth quarter. Northern Trust Corp now owns 295,028 shares of the company's stock worth $12,589,000 after purchasing an additional 28,186 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. increased its position in shares of National Beverage by 2.7% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 271,658 shares of the company's stock worth $11,592,000 after purchasing an additional 7,075 shares in the last quarter. 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.