National Beverage (NASDAQ:FIZZ) Shares Gap Down - Time to Sell?

National Beverage Corp. (NASDAQ:FIZZ - Get Free Report)'s share price gapped down prior to trading on Friday . The stock had previously closed at $49.56, but opened at $45.76. National Beverage shares last traded at $46.50, with a volume of 112,140 shares changing hands.

Wall Street Analyst Weigh In

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

National Beverage Stock Performance

The firm has a market cap of $4.34 billion, a price-to-earnings ratio of 23.28 and a beta of 0.83. The business's 50 day moving average price is $47.19 and its 200-day moving average price is $47.30.

National Beverage (NASDAQ:FIZZ - Get Free Report) last announced its quarterly earnings data on Thursday, September 5th. The company reported $0.61 earnings per share for the quarter, beating analysts' consensus estimates of $0.60 by $0.01. National Beverage had a net margin of 15.36% and a return on equity of 39.91%. The business had revenue of $329.47 million during the quarter.

Institutional Investors Weigh In On National Beverage

A number of institutional investors have recently modified their holdings of the business. Canada Pension Plan Investment Board bought a new position in National Beverage in the 2nd quarter worth about $31,000. Quarry LP grew its position in National Beverage by 584.9% in the 2nd quarter. Quarry LP now owns 637 shares of the company's stock worth $33,000 after purchasing an additional 544 shares during the last quarter. Blue Trust Inc. grew its position in 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 during the last quarter. Quest Partners LLC bought a new position in National Beverage in the 2nd quarter worth about $34,000. Finally, Headlands Technologies LLC boosted its holdings in shares of National Beverage by 760.2% in the second quarter. Headlands Technologies LLC now owns 843 shares of the company's stock valued at $43,000 after acquiring an additional 745 shares in the last quarter. 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.