National Beverage (NASDAQ:FIZZ) Stock Price Down 4.9% on Disappointing Earnings

National Beverage Corp. (NASDAQ:FIZZ - Get Free Report) was down 4.9% on Friday following a dissappointing earnings announcement. The company traded as low as $38.51 and last traded at $39.27. Approximately 33,488 shares were traded during trading, a decline of 81% from the average daily volume of 178,063 shares. The stock had previously closed at $41.31.

The company reported $0.42 EPS for the quarter, missing the consensus estimate of $0.45 by ($0.03). The business had revenue of $267.05 million for the quarter, compared to analyst estimates of $282.22 million. National Beverage had a return on equity of 42.80% and a net margin of 15.63%.

Analyst Ratings Changes

Separately, UBS Group reduced their target price on National Beverage from $46.00 to $41.00 and set a "sell" rating for the company in a research note on Thursday, February 27th.

Insider Buying and Selling

In related 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 transaction, the director now owns 53,744 shares in the company, valued at approximately $2,526,505.44. This trade represents a 4.84 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. 74.80% of the stock is currently owned by company insiders.

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Hedge Funds Weigh In On National Beverage

Hedge funds have recently bought and sold shares of the company. Newbridge Financial Services Group Inc. acquired a new stake in shares of National Beverage during the 4th quarter worth approximately $40,000. Lazard Asset Management LLC acquired a new position in shares of National Beverage in the 4th quarter worth approximately $52,000. KBC Group NV boosted its stake in shares of National Beverage by 89.3% in the 4th quarter. KBC Group NV now owns 1,357 shares of the company's stock valued at $58,000 after purchasing an additional 640 shares during the last quarter. Tower Research Capital LLC TRC raised its stake in National Beverage by 38.3% during the fourth quarter. Tower Research Capital LLC TRC now owns 1,499 shares of the company's stock worth $64,000 after buying an additional 415 shares during the last quarter. Finally, GAMMA Investing LLC lifted its holdings in National Beverage by 43.6% in the fourth quarter. GAMMA Investing LLC now owns 1,594 shares of the company's stock valued at $68,000 after buying an additional 484 shares during the period. 23.95% of the stock is owned by institutional investors.

National Beverage Stock Performance

The stock has a fifty day simple moving average of $41.45 and a two-hundred day simple moving average of $44.67. The stock has a market capitalization of $3.97 billion, a price-to-earnings ratio of 21.28 and a beta of 0.87.

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.