National Beverage (NASDAQ:FIZZ) Reaches New 52-Week Low - What's Next?

Shares of National Beverage Corp. (NASDAQ:FIZZ - Get Free Report) reached a new 52-week low during mid-day trading on Friday . The company traded as low as $42.81 and last traded at $42.92, with a volume of 134692 shares trading hands. The stock had previously closed at $43.83.

Wall Street Analysts Forecast Growth

Separately, UBS Group lowered their target price on National Beverage from $46.00 to $45.00 and set a "sell" rating on the stock in a report on Tuesday, September 10th.

National Beverage Stock Performance

The stock has a market cap of $4.02 billion, a PE ratio of 21.57 and a beta of 0.83. The business has a 50-day moving average of $47.24 and a 200 day moving average of $47.26.

Insider Transactions at National Beverage

In related news, Director Cecil D. Conlee sold 2,736 shares of the company'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 completion of the transaction, the director now directly owns 53,744 shares in the company, valued at approximately $2,526,505.44. This represents a 4.84 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Insiders own 74.80% of the company's stock.

Institutional Trading of National Beverage

Hedge funds have recently added to or reduced their stakes in the business. Natixis Advisors LLC lifted its holdings in shares of National Beverage by 0.7% during the 2nd quarter. Natixis Advisors LLC now owns 385,397 shares of the company's stock worth $19,748,000 after acquiring an additional 2,850 shares during the period. National Bank of Canada FI raised its stake in National Beverage by 22.2% during the second quarter. National Bank of Canada FI now owns 5,049 shares of the company's stock worth $266,000 after purchasing an additional 916 shares during the period. Victory Capital Management Inc. boosted its holdings in shares of National Beverage by 6.7% in the 2nd quarter. Victory Capital Management Inc. now owns 14,682 shares of the company's stock valued at $752,000 after purchasing an additional 922 shares during the last quarter. Quest Partners LLC purchased a new stake in shares of National Beverage during the 2nd quarter valued at $34,000. Finally, Texas Permanent School Fund Corp increased its holdings in shares of National Beverage by 11.8% during the 2nd quarter. Texas Permanent School Fund Corp now owns 22,835 shares of the company's stock worth $1,170,000 after buying an additional 2,401 shares during the last quarter. 23.95% of the stock is owned by institutional investors and hedge funds.

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.