National Beverage (NASDAQ:FIZZ) Shares Up 4.9% - Time to Buy?

National Beverage Corp. (NASDAQ:FIZZ - Get Free Report) was up 4.9% during trading on Monday . The stock traded as high as $42.70 and last traded at $42.87. Approximately 175,806 shares were traded during trading, an increase of 4% from the average daily volume of 169,829 shares. The stock had previously closed at $40.87.

Analysts Set New Price Targets

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

National Beverage Stock Performance

The business has a 50-day moving average of $41.36 and a 200-day moving average of $44.57. The stock has a market capitalization of $3.79 billion, a price-to-earnings ratio of 20.36 and a beta of 0.87.

National Beverage (NASDAQ:FIZZ - Get Free Report) last issued its quarterly earnings data on Thursday, March 6th. The company reported $0.42 earnings per share (EPS) for the quarter, missing analysts' consensus estimates 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%.

Hedge Funds Weigh In On National Beverage

Several hedge funds and other institutional investors have recently made changes to their positions in FIZZ. Newbridge Financial Services Group Inc. purchased a new stake in National Beverage during the fourth quarter worth approximately $40,000. Lazard Asset Management LLC purchased a new stake in National Beverage during the fourth quarter worth approximately $52,000. KBC Group NV lifted its stake in National Beverage by 89.3% during the fourth quarter. KBC Group NV now owns 1,357 shares of the company's stock worth $58,000 after purchasing an additional 640 shares during the last quarter. Tower Research Capital LLC TRC lifted its stake in National Beverage by 38.3% in the fourth quarter. Tower Research Capital LLC TRC now owns 1,499 shares of the company's stock valued at $64,000 after buying an additional 415 shares during the last quarter. Finally, GAMMA Investing LLC lifted its stake 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 last quarter. Hedge funds and other institutional investors own 23.95% of the company's stock.

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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.