National Beverage (NASDAQ:FIZZ) Stock Passes Above 200-Day Moving Average – Here’s What Happened

National Beverage Corp. (NASDAQ:FIZZ) shares crossed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of $34.31 and traded as high as $37.39. National Beverage shares last traded at $37.24, with a volume of 316,383 shares changing hands.

Analysts Set New Price Targets

FIZZ has been the subject of several analyst reports. UBS Group upped their price objective on National Beverage from $34.00 to $35.00 and gave the company a “sell” rating in a research note on Monday, March 16th. Weiss Ratings reissued a “sell (d+)” rating on shares of National Beverage in a research note on Friday, March 27th. Two equities research analysts have rated the stock with a Sell rating, Based on data from MarketBeat, the stock has a consensus rating of “Sell” and a consensus price target of $35.00.

National Beverage Price Performance

The stock has a market cap of $3.46 billion, a price-to-earnings ratio of 18.40 and a beta of 0.74. The stock’s 50-day moving average is $34.50 and its 200 day moving average is $34.33.

National Beverage (NASDAQ:FIZZ) last announced its quarterly earnings data on Thursday, March 12th. The company reported $0.44 EPS for the quarter, meeting analysts’ consensus estimates of $0.44. The firm had revenue of $264.59 million during the quarter, compared to the consensus estimate of $271.06 million. National Beverage had a net margin of 15.71% and a return on equity of 36.00%.

Institutional Investors Weigh In On National Beverage

Hedge funds have recently added to or reduced their stakes in the company. State of Alaska Department of Revenue lifted its holdings in shares of National Beverage by 2.2% during the 4th quarter. State of Alaska Department of Revenue now owns 16,103 shares of the company’s stock valued at $513,000 after acquiring an additional 342 shares in the last quarter. ExodusPoint Capital Management LP lifted its holdings in shares of National Beverage by 3.1% during the 4th quarter. ExodusPoint Capital Management LP now owns 12,474 shares of the company’s stock valued at $398,000 after acquiring an additional 378 shares in the last quarter. Osaic Holdings Inc. lifted its holdings in shares of National Beverage by 72.5% during the 2nd quarter. Osaic Holdings Inc. now owns 1,018 shares of the company’s stock valued at $44,000 after acquiring an additional 428 shares in the last quarter. Illinois Municipal Retirement Fund lifted its holdings in shares of National Beverage by 3.9% during the 1st 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 in the last quarter. Finally, Raymond James Financial Inc. lifted its holdings in shares of National Beverage by 4.2% during the 3rd quarter. Raymond James Financial Inc. now owns 12,598 shares of the company’s stock valued at $465,000 after acquiring an additional 507 shares in the last quarter. Institutional investors and hedge funds own 23.95% of the company’s stock.

National Beverage Company Profile

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.