National Beverage (NASDAQ:FIZZ) Stock Price Down 5.2% – Here’s What Happened

National Beverage Corp. (NASDAQ:FIZZ)’s stock price fell 5.2% on Monday . The stock traded as low as $31.63 and last traded at $31.5850. Approximately 150,999 shares traded hands during mid-day trading, a decline of 51% from the average daily volume of 306,515 shares. The stock had previously closed at $33.33.

Analyst Ratings Changes

Several research analysts recently issued reports on FIZZ shares. UBS Group reissued a “sell” rating and set a $33.00 price target (down from $35.00) on shares of National Beverage in a report on Friday, June 26th. Weiss Ratings reiterated a “sell (d+)” rating on shares of National Beverage in a research report on Wednesday, June 24th. Two investment analysts have rated the stock with a Sell rating, Based on data from MarketBeat.com, the company currently has a consensus rating of “Sell” and an average target price of $33.00.

National Beverage Trading Up 0.4%

The firm has a market cap of $3.04 billion, a PE ratio of 16.57 and a beta of 0.79. The company has a 50 day moving average price of $34.94 and a 200 day moving average price of $34.50.

National Beverage (NASDAQ:FIZZ) last issued its quarterly earnings data on Wednesday, July 1st. The company reported $0.43 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.47 by ($0.04). The firm had revenue of $297.12 million for the quarter, compared to analyst estimates of $294.81 million. National Beverage had a return on equity of 32.20% and a net margin of 15.56%.

National Beverage Dividend Announcement

The firm also recently disclosed a special dividend, which will be paid on Thursday, July 30th. Investors of record on Monday, July 13th will be paid a $3.25 dividend. The ex-dividend date of this dividend is Monday, July 13th.

Institutional Trading of National Beverage

Several institutional investors and hedge funds have recently modified their holdings of FIZZ. Royal Bank of Canada lifted its stake in National Beverage by 8.1% in the 1st quarter. Royal Bank of Canada now owns 18,266 shares of the company’s stock valued at $758,000 after buying an additional 1,363 shares in the last quarter. AQR Capital Management LLC lifted its position in shares of National Beverage by 33.5% in the first quarter. AQR Capital Management LLC now owns 19,886 shares of the company’s stock valued at $826,000 after acquiring an additional 4,990 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its stake in shares of National Beverage by 4.6% during the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 13,973 shares of the company’s stock valued at $580,000 after acquiring an additional 620 shares during the last quarter. Millennium Management LLC increased its position in National Beverage by 485.3% during the 1st quarter. Millennium Management LLC now owns 275,644 shares of the company’s stock worth $11,450,000 after purchasing an additional 228,553 shares in the last quarter. Finally, Jane Street Group LLC increased its position in National Beverage by 12,294.9% during the 1st quarter. Jane Street Group LLC now owns 48,292 shares of the company’s stock worth $2,006,000 after purchasing an additional 48,688 shares in the last quarter. Hedge funds and other institutional investors own 23.95% of the company’s stock.

About National Beverage

National Beverage Corp. (NASDAQ: FIZZ) is a U.S.-based beverage company specializing in the development, marketing and production of nonalcoholic refreshment products. The company’s portfolio includes a range of sparkling waters, soft drinks and energy beverages designed for a variety of consumer tastes and dietary preferences. Through in-house bottling operations and strategic partnerships with co-packers, National Beverage manages production from flavor formulation to final packaging and distribution.

Founded in 1985, National Beverage has broadened its product lineup over the decades through both organic brand introductions and selective acquisitions.