National Beverage (NASDAQ:FIZZ) Sets New 52-Week Low - Here's Why

National Beverage Corp. (NASDAQ:FIZZ - Get Free Report)'s share price reached a new 52-week low on Monday . The stock traded as low as $41.51 and last traded at $41.57, with a volume of 396 shares changing hands. The stock had previously closed at $42.05.

National Beverage Stock Down 0.4 %

The business's fifty day moving average is $44.57 and its 200 day moving average is $45.85. The firm has a market capitalization of $3.76 billion, a price-to-earnings ratio of 20.20 and a beta of 0.84.

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

Insider Buying and Selling

In related news, Director Cecil D. Conlee sold 2,736 shares of the company's stock in a transaction dated Thursday, December 12th. The shares were sold at an average price of $47.01, for a total value of $128,619.36. Following 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 legal filing with the SEC, which is accessible through this link. 74.80% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently made changes to their positions in the business. Marshall Wace LLP boosted its stake in shares of National Beverage by 113.7% in the second quarter. Marshall Wace LLP now owns 16,668 shares of the company's stock valued at $854,000 after buying an additional 8,868 shares during the period. AQR Capital Management LLC lifted its position in shares of National Beverage by 7.2% during the 2nd quarter. AQR Capital Management LLC now owns 9,066 shares of the company's stock valued at $465,000 after acquiring an additional 612 shares during the period. The Manufacturers Life Insurance Company grew its holdings in shares of National Beverage by 1.6% during the 2nd quarter. The Manufacturers Life Insurance Company now owns 16,430 shares of the company's stock worth $842,000 after purchasing an additional 252 shares in the last quarter. SG Americas Securities LLC increased its position in shares of National Beverage by 11.6% in the third quarter. SG Americas Securities LLC now owns 11,066 shares of the company's stock worth $519,000 after purchasing an additional 1,146 shares during the period. Finally, Handelsbanken Fonder AB raised its stake in National Beverage by 37.0% in the third quarter. Handelsbanken Fonder AB now owns 8,883 shares of the company's stock valued at $417,000 after purchasing an additional 2,400 shares in the last quarter. Institutional investors and hedge funds own 23.95% of the company's stock.

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.