National Beverage (NASDAQ:FIZZ) Shares Up 1.4% - Still a Buy?

National Beverage Corp. (NASDAQ:FIZZ - Get Free Report) rose 1.4% during mid-day trading on Friday . The stock traded as high as $42.50 and last traded at $42.44. Approximately 25,394 shares were traded during trading, a decline of 86% from the average daily volume of 177,901 shares. The stock had previously closed at $41.85.

Wall Street Analysts Forecast Growth

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

National Beverage Stock Up 3.6 %

The firm has a market capitalization of $4.02 billion, a PE ratio of 21.59 and a beta of 0.94. The company's 50-day simple moving average is $40.70 and its 200 day simple moving average is $44.01.

National Beverage (NASDAQ:FIZZ - Get Free Report) last posted its earnings results on Thursday, March 6th. The company reported $0.42 EPS for the quarter, missing analysts' consensus estimates of $0.45 by ($0.03). National Beverage had a net margin of 15.63% and a return on equity of 42.80%. The firm had revenue of $267.05 million for the quarter, compared to analysts' expectations of $282.22 million.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Allspring Global Investments Holdings LLC boosted its holdings in National Beverage by 1,292.0% in the fourth quarter. Allspring Global Investments Holdings LLC now owns 27,270 shares of the company's stock worth $1,156,000 after acquiring an additional 25,311 shares in the last quarter. Schroder Investment Management Group purchased a new position in shares of National Beverage in the 4th quarter valued at approximately $608,000. Charles Schwab Investment Management Inc. boosted its stake in National Beverage by 2.7% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 271,658 shares of the company's stock worth $11,592,000 after purchasing an additional 7,075 shares in the last quarter. Barclays PLC boosted its stake in National Beverage by 389.9% in the 3rd quarter. Barclays PLC now owns 41,810 shares of the company's stock worth $1,962,000 after purchasing an additional 33,275 shares in the last quarter. Finally, Asset Management One Co. Ltd. purchased a new stake in National Beverage during the 4th quarter worth approximately $746,000. 23.95% of the stock is currently owned by hedge funds and other institutional investors.

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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.