National Beverage (NASDAQ:FIZZ) Hits New 12-Month Low – Here’s Why

National Beverage Corp. (NASDAQ:FIZZ)’s stock price hit 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 trading hands. The stock had previously closed at $32.73.

Wall Street Analyst Weigh In

FIZZ has been the topic of a number of recent analyst reports. Weiss Ratings reaffirmed a “sell (d+)” rating on shares of National Beverage in a report on Wednesday, June 24th. UBS Group reissued a “sell” rating and issued a $33.00 price objective (down from $35.00) on shares of National Beverage in a report on Friday. Two investment analysts have rated the stock with a Sell rating, According to MarketBeat.com, the stock has an average rating of “Sell” and an average price target of $33.00.

National Beverage Trading Down 0.2%

The stock has a market cap of $2.97 billion, a P/E ratio of 15.87 and a beta of 0.76. The stock’s 50-day moving average is $35.05 and its 200-day moving average is $34.54.

Institutional Trading of National Beverage

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