National Beverage (NASDAQ:FIZZ) Hits New 52-Week Low – Here’s Why

National Beverage Corp. (NASDAQ:FIZZ) reached a new 52-week low during trading on Monday . The stock traded as low as $31.14 and last traded at $31.25, with a volume of 310082 shares traded. The stock had previously closed at $32.73.

Wall Street Analysts Forecast Growth

Several equities research analysts have weighed in on the stock. Weiss Ratings restated a “sell (d+)” rating on shares of National Beverage in a research note on Wednesday. UBS Group reaffirmed a “sell” rating and set a $33.00 price target (down from $35.00) on shares of National Beverage in a research report on Friday. Two research analysts have rated the stock with a Sell rating, According to MarketBeat, National Beverage presently has an average rating of “Sell” and an average target price of $33.00.

National Beverage Stock Down 4.5%

The firm has a market cap of $2.93 billion, a PE ratio of 15.55 and a beta of 0.76. The stock has a 50 day moving average price of $35.16 and a two-hundred day moving average price of $34.59.

Institutional Trading of National Beverage

Several large investors have recently bought and sold shares of the stock. Rockefeller Capital Management L.P. increased its stake in National Beverage by 958.8% during the 4th quarter. Rockefeller Capital Management L.P. now owns 900 shares of the company’s stock valued at $29,000 after purchasing an additional 815 shares in the last quarter. Aster Capital Management DIFC Ltd grew its holdings in shares of National Beverage by 156.6% during the fourth quarter. Aster Capital Management DIFC Ltd now owns 1,111 shares of the company’s stock valued at $35,000 after buying an additional 678 shares during the last quarter. Jessup Wealth Management Inc acquired a new position in shares of National Beverage in the 4th quarter valued at $38,000. Brown Brothers Harriman & Co. increased its position in shares of National Beverage by 213.5% in the 3rd quarter. Brown Brothers Harriman & Co. now owns 1,066 shares of the company’s stock valued at $39,000 after acquiring an additional 726 shares during the period. Finally, Advisory Services Network LLC purchased a new position in National Beverage in the 3rd quarter worth $39,000. 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.