National Beverage (NASDAQ:FIZZ) Shares Down 4.2% – What’s Next?

Shares of National Beverage Corp. (NASDAQ:FIZZ) dropped 4.2% during trading on Friday . The stock traded as low as $32.79 and last traded at $33.2660. Approximately 38,136 shares traded hands during trading, a decline of 83% from the average daily volume of 224,753 shares. The stock had previously closed at $34.74.

Wall Street Analysts Forecast Growth

A number of research analysts have weighed in on the stock. Weiss Ratings reaffirmed a “hold (c-)” rating on shares of National Beverage in a research note on Friday, October 31st. UBS Group set a $35.00 price target on National Beverage and gave the company a “sell” rating in a report on Friday. One research analyst has rated the stock with a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat, the company currently has an average rating of “Reduce” and an average target price of $35.00.

National Beverage Stock Down 6.4%

The firm has a market capitalization of $3.04 billion, a price-to-earnings ratio of 16.35 and a beta of 0.52. The stock’s fifty day moving average is $34.99 and its two-hundred day moving average is $40.84.

National Beverage (NASDAQ:FIZZ) last issued its earnings results on Thursday, September 11th. The company reported $0.60 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.60. National Beverage had a net margin of 15.45% and a return on equity of 43.51%. The business had revenue of $330.52 million during the quarter, compared to the consensus estimate of $354.18 million.

Institutional Trading of National Beverage

Hedge funds and other institutional investors have recently modified their holdings of the stock. Hantz Financial Services Inc. raised its holdings in National Beverage by 366.8% in the 3rd quarter. Hantz Financial Services Inc. now owns 859 shares of the company’s stock valued at $32,000 after acquiring an additional 675 shares during the period. AlphaQuest LLC bought a new position in shares of National Beverage during the third quarter worth approximately $33,000. Brown Brothers Harriman & Co. increased its stake in shares of National Beverage by 213.5% during the third quarter. Brown Brothers Harriman & Co. now owns 1,066 shares of the company’s stock worth $39,000 after purchasing an additional 726 shares during the period. Advisory Services Network LLC acquired a new stake in National Beverage during the 3rd quarter worth approximately $39,000. Finally, Osaic Holdings Inc. boosted its stake in National Beverage by 72.5% in the 2nd quarter. Osaic Holdings Inc. now owns 1,018 shares of the company’s stock valued at $44,000 after purchasing an additional 428 shares during the period. Institutional investors own 23.95% of the company’s stock.

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.