National Beverage (NASDAQ:FIZZ) Reaches New 1-Year Low – Here’s What Happened

National Beverage Corp. (NASDAQ:FIZZ)’s share price hit a new 52-week low during mid-day trading on Friday . The stock traded as low as $42.18 and last traded at $42.20, with a volume of 4364 shares. The stock had previously closed at $42.40.

Wall Street Analysts Forecast Growth

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 report on Tuesday, September 10th.

National Beverage Price Performance

The business has a fifty day simple moving average of $46.89 and a two-hundred day simple moving average of $47.06. The company has a market cap of $4.03 billion, a PE ratio of 21.62 and a beta of 0.86.

Insider Buying and Selling

In related news, Director Cecil D. Conlee sold 2,736 shares of the business’s stock in a transaction that occurred on Thursday, December 12th. The shares were sold at an average price of $47.01, for a total transaction of $128,619.36. Following the completion of the transaction, the director now owns 53,744 shares in the company, valued at $2,526,505.44. The trade was a 4.84 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. 74.80% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On National Beverage

Institutional investors and hedge funds have recently bought and sold shares of the company. The Manufacturers Life Insurance Company lifted its holdings in shares of National Beverage by 1.6% during the 2nd quarter. The Manufacturers Life Insurance Company now owns 16,430 shares of the company’s stock valued at $842,000 after purchasing an additional 252 shares during the last quarter. Willis Investment Counsel boosted its holdings in National Beverage by 5.0% in the third quarter. Willis Investment Counsel now owns 6,274 shares of the company’s stock worth $295,000 after acquiring an additional 296 shares in the last quarter. Franklin Resources Inc. grew its stake in shares of National Beverage by 3.4% during the third quarter. Franklin Resources Inc. now owns 11,547 shares of the company’s stock worth $528,000 after acquiring an additional 383 shares during the last quarter. GAMMA Investing LLC increased its holdings in shares of National Beverage by 43.6% during the fourth quarter. GAMMA Investing LLC now owns 1,594 shares of the company’s stock valued at $68,000 after acquiring an additional 484 shares in the last quarter. Finally, Blue Trust Inc. raised its position in shares of National Beverage by 323.0% in the 3rd quarter. Blue Trust Inc. now owns 643 shares of the company’s stock valued at $33,000 after purchasing an additional 491 shares during the last quarter. 23.95% of the stock is owned by hedge funds and other institutional investors.

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.