National Beverage (NASDAQ:FIZZ) Reaches New 1-Year Low Following Analyst Downgrade

National Beverage Corp. (NASDAQ:FIZZ - Get Free Report) reached a new 52-week low during trading on Thursday after UBS Group lowered their price target on the stock from $46.00 to $41.00. UBS Group currently has a sell rating on the stock. National Beverage traded as low as $38.25 and last traded at $38.92, with a volume of 21370 shares trading hands. The stock had previously closed at $40.21.

Insider Buying and Selling at National Beverage

In related news, Director Cecil D. Conlee sold 2,736 shares of National Beverage stock in a transaction dated Thursday, December 12th. The stock was sold at an average price of $47.01, for a total transaction of $128,619.36. Following the transaction, 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 ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 74.80% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On National Beverage

A number of institutional investors and hedge funds have recently bought and sold shares of FIZZ. Blue Trust Inc. raised its holdings in shares of National Beverage by 323.0% in the 3rd quarter. Blue Trust Inc. now owns 643 shares of the company's stock worth $33,000 after purchasing an additional 491 shares in the last quarter. New York State Teachers Retirement System increased its holdings in shares of National Beverage by 8.3% in the third quarter. New York State Teachers Retirement System now owns 25,713 shares of the company's stock valued at $1,207,000 after buying an additional 1,967 shares in the last quarter. Los Angeles Capital Management LLC acquired a new stake in shares of National Beverage during the 3rd quarter valued at $213,000. Versor Investments LP acquired a new stake in shares of National Beverage during the 3rd quarter valued at $615,000. Finally, Victory Capital Management Inc. boosted its stake in shares of National Beverage by 5.5% during the 3rd quarter. Victory Capital Management Inc. now owns 15,493 shares of the company's stock worth $727,000 after acquiring an additional 811 shares in the last quarter. 23.95% of the stock is owned by institutional investors and hedge funds.

Remove Ads

National Beverage Trading Up 1.5 %

The stock has a fifty day moving average of $41.76 and a 200-day moving average of $44.86. The firm has a market capitalization of $3.78 billion, a price-to-earnings ratio of 20.31 and a beta of 0.84.

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

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.