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

National Beverage Corp. (NASDAQ:FIZZ) hit a new 52-week high on Wednesday. The stock traded as high as $38.26 and last traded at $38.2560, with a volume of 139,204 shares traded. The stock had previously closed at $36.10.

Analyst Ratings Changes

Several analysts have issued reports on FIZZ shares. UBS Group set a $31.00 target price on National Beverage and gave the stock a “sell” rating in a research note on Monday, September 14th. Weiss Ratings raised shares of National Beverage from a “sell (d+)” rating to a “hold (c-)” rating in a research note on Monday, October 26th. One equities research analyst has rated the stock with a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat, National Beverage currently has an average rating of “Reduce” and a consensus price target of $31.00.

National Beverage Trading Down 0.1%

The firm has a market cap of $3.48 billion, a price-to-earnings ratio of 19.97 and a beta of 0.82. The stock has a 50-day moving average of $32.57 and a two-hundred day moving average of $33.74.

National Beverage (NASDAQ:FIZZ) last issued its quarterly earnings data on Thursday, September 10th. The company reported $0.50 EPS for the quarter, missing the consensus estimate of $0.59 by ($0.09). National Beverage had a return on equity of 32.61% and a net margin of 14.81%. The business had revenue of $330.66 million for the quarter, compared to analysts’ expectations of $342.08 million.

Institutional Inflows and Outflows

Hedge funds have recently added to or reduced their stakes in the stock. Illinois Municipal Retirement Fund boosted its position in shares of National Beverage by 3.9% in the first quarter. Illinois Municipal Retirement Fund now owns 12,045 shares of the company’s stock valued at $405,000 after acquiring an additional 454 shares during the period. HighTower Advisors LLC lifted its position in shares of National Beverage by 2.2% in the 2nd quarter. HighTower Advisors LLC now owns 25,387 shares of the company’s stock worth $792,000 after acquiring an additional 557 shares during the period. Rockefeller Capital Management L.P. grew its holdings in shares of National Beverage by 958.8% during the 4th quarter. Rockefeller Capital Management L.P. now owns 900 shares of the company’s stock worth $29,000 after purchasing an additional 815 shares in the last quarter. Versant Capital Management Inc grew its holdings in shares of National Beverage by 175.6% during the 2nd quarter. Versant Capital Management Inc now owns 1,367 shares of the company’s stock worth $43,000 after purchasing an additional 871 shares in the last quarter. Finally, Pacer Advisors Inc. increased its position in shares of National Beverage by 40.4% during the first quarter. Pacer Advisors Inc. now owns 3,508 shares of the company’s stock valued at $118,000 after purchasing an additional 1,010 shares during the period. 23.95% of the stock is owned by hedge funds and other institutional investors.

National Beverage Company Profile

National Beverage Corp. is a beverage company that develops, produces and distributes a portfolio of carbonated soft drinks, flavored sparkling waters, energy drinks, juices and other nonalcoholic beverages. The company is best known for LaCroix sparkling water and also markets brands including Shasta, Faygo, Rip It, Everfresh, Mr. Pure and Tahitian Treat.

National Beverage serves consumers primarily in the United States through grocery stores, mass merchandisers, convenience stores, food-service outlets and other retail channels.