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

National Beverage Corp. (NASDAQ:FIZZ) shares hit a new 52-week low during trading on Friday . The company traded as low as $42.18 and last traded at $42.20, with a volume of 4364 shares trading hands. The stock had previously closed at $42.40.

Analysts Set New Price Targets

Separately, UBS Group lowered their price objective on National Beverage from $46.00 to $45.00 and set a “sell” rating for the company in a research note on Tuesday, September 10th.

National Beverage Price Performance

The firm has a market cap of $3.96 billion, a P/E ratio of 21.26 and a beta of 0.86. The firm’s 50-day moving average price is $46.93 and its 200 day moving average price is $47.10.

Insider Activity at National Beverage

In other news, Director Cecil D. Conlee sold 2,736 shares of the company’s stock in a transaction that occurred on Thursday, December 12th. The stock was sold at an average price of $47.01, for a total transaction of $128,619.36. Following the completion of the transaction, the director now directly owns 53,744 shares of the company’s stock, valued at approximately $2,526,505.44. This represents a 4.84 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Corporate insiders own 74.80% of the company’s stock.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Canada Pension Plan Investment Board acquired a new stake in National Beverage in the 2nd quarter valued at approximately $31,000. Quarry LP lifted its position in shares of National Beverage by 584.9% during the 2nd quarter. Quarry LP now owns 637 shares of the company’s stock valued at $33,000 after acquiring an additional 544 shares during the last quarter. Blue Trust Inc. boosted its position in shares of National Beverage by 323.0% in the 3rd quarter. Blue Trust Inc. now owns 643 shares of the company’s stock valued at $33,000 after purchasing an additional 491 shares during the period. Quest Partners LLC purchased a new position in shares of National Beverage in the second quarter worth approximately $34,000. Finally, Headlands Technologies LLC grew its position in National Beverage by 760.2% during the 2nd quarter. Headlands Technologies LLC now owns 843 shares of the company’s stock worth $43,000 after purchasing an additional 745 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., 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.