National Beverage (NASDAQ:FIZZ) Stock Crosses Above 200-Day Moving Average – Should You Sell?

National Beverage Corp. (NASDAQ:FIZZ)’s share price passed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of $34.21 and traded as high as $35.70. National Beverage shares last traded at $35.16, with a volume of 282,428 shares traded.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently issued reports on the stock. UBS Group increased their price target on shares of National Beverage from $34.00 to $35.00 and gave the stock a “sell” rating in a report on Monday, March 16th. Weiss Ratings reissued a “sell (d+)” rating on shares of National Beverage in a report on Friday, March 27th. Two analysts have rated the stock with a Sell rating, According to data from MarketBeat, the company has a consensus rating of “Sell” and a consensus target price of $35.00.

National Beverage Stock Performance

The stock has a 50-day moving average of $34.62 and a two-hundred day moving average of $34.21. The company has a market cap of $3.29 billion, a P/E ratio of 17.49 and a beta of 0.74.

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

Hedge Funds Weigh In On National Beverage

A number of large investors have recently bought and sold shares of the stock. State of Alaska Department of Revenue increased its stake in National Beverage by 2.2% in the 4th quarter. State of Alaska Department of Revenue now owns 16,103 shares of the company’s stock worth $513,000 after purchasing an additional 342 shares during the period. ExodusPoint Capital Management LP increased its stake in National Beverage by 3.1% in the 4th quarter. ExodusPoint Capital Management LP now owns 12,474 shares of the company’s stock worth $398,000 after purchasing an additional 378 shares during the period. Osaic Holdings Inc. increased 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 worth $44,000 after purchasing an additional 428 shares during the period. Illinois Municipal Retirement Fund increased its stake in National Beverage by 3.9% in the 1st quarter. Illinois Municipal Retirement Fund now owns 12,045 shares of the company’s stock worth $405,000 after purchasing an additional 454 shares during the period. Finally, Raymond James Financial Inc. increased its stake in National Beverage by 4.2% in the 3rd quarter. Raymond James Financial Inc. now owns 12,598 shares of the company’s stock worth $465,000 after purchasing an additional 507 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. (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.