National Beverage (NASDAQ:FIZZ) Sets New 52-Week Low – Time to Sell?

National Beverage Corp. (NASDAQ:FIZZ)’s stock price hit a new 52-week low during trading on Friday . The stock traded as low as $42.81 and last traded at $42.92, with a volume of 134692 shares. The stock had previously closed at $43.83.

Analyst Upgrades and Downgrades

Separately, UBS Group decreased their price objective on National Beverage from $46.00 to $45.00 and set a “sell” rating for the company in a report on Tuesday, September 10th.

National Beverage Stock Down 2.1 %

The business’s 50 day simple moving average is $47.18 and its 200 day simple moving average is $47.25. The stock has a market cap of $4.02 billion, a price-to-earnings ratio of 21.57 and a beta of 0.83.

Insider Buying and Selling

In other news, Director Cecil D. Conlee sold 2,736 shares of the 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 of the company’s stock, valued at $2,526,505.44. This 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 can be accessed 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 bought and sold shares of the stock. Natixis Advisors LLC grew its position in shares of National Beverage by 0.7% in the second quarter. Natixis Advisors LLC now owns 385,397 shares of the company’s stock valued at $19,748,000 after purchasing an additional 2,850 shares during the last quarter. National Bank of Canada FI increased its position in National Beverage by 22.2% during the 2nd quarter. National Bank of Canada FI now owns 5,049 shares of the company’s stock worth $266,000 after buying an additional 916 shares during the period. Victory Capital Management Inc. lifted its holdings in shares of National Beverage by 6.7% during the second quarter. Victory Capital Management Inc. now owns 14,682 shares of the company’s stock worth $752,000 after buying an additional 922 shares in the last quarter. Quest Partners LLC bought a new stake in shares of National Beverage in the second quarter valued at about $34,000. Finally, Texas Permanent School Fund Corp grew its stake in shares of National Beverage by 11.8% in the second quarter. Texas Permanent School Fund Corp now owns 22,835 shares of the company’s stock valued at $1,170,000 after acquiring an additional 2,401 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.