National Beverage (NASDAQ:FIZZ) Reaches New 12-Month Low on Analyst Downgrade

National Beverage Corp. (NASDAQ:FIZZ)’s stock price hit a new 52-week low on Thursday after UBS Group lowered their price target on the stock from $46.00 to $41.00. UBS Group currently has a sell rating on the stock. National Beverage traded as low as $38.25 and last traded at $38.92, with a volume of 21370 shares trading hands. The stock had previously closed at $40.21.

Insider Activity at National Beverage

In related news, Director Cecil D. Conlee sold 2,736 shares of the stock in a transaction that occurred on Thursday, December 12th. The stock was sold at an average price of $47.01, for a total transaction of $128,619.36. Following the completion of the sale, the director now directly owns 53,744 shares of the company’s stock, valued at approximately $2,526,505.44. This represents a 4.84 % decrease in their position. The transaction 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 Trading of National Beverage

Large investors have recently bought and sold shares of the business. Blue Trust Inc. increased its stake in National Beverage by 323.0% during the 3rd quarter. Blue Trust Inc. now owns 643 shares of the company’s stock worth $33,000 after purchasing an additional 491 shares in the last quarter. Newbridge Financial Services Group Inc. bought a new stake in National Beverage during the 4th quarter worth approximately $40,000. Lazard Asset Management LLC bought a new stake in National Beverage during the 4th quarter worth approximately $52,000. KBC Group NV increased its stake in National Beverage by 89.3% during the 4th quarter. KBC Group NV now owns 1,357 shares of the company’s stock worth $58,000 after purchasing an additional 640 shares in the last quarter. Finally, Tower Research Capital LLC TRC increased its stake in National Beverage by 38.3% during the 4th quarter. Tower Research Capital LLC TRC now owns 1,499 shares of the company’s stock worth $64,000 after purchasing an additional 415 shares in the last quarter. 23.95% of the stock is owned by institutional investors.

National Beverage Trading Up 0.6 %

The firm has a market capitalization of $3.73 billion, a P/E ratio of 20.02 and a beta of 0.84. The business has a 50 day moving average of $41.76 and a 200-day moving average of $44.87.

National Beverage (NASDAQ:FIZZ) last issued its quarterly earnings results on Thursday, December 5th. The company reported $0.49 earnings per share for the quarter. National Beverage had a net margin of 15.63% and a return on equity of 42.80%.

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.