National Beverage (NASDAQ:FIZZ) Price Target Lowered to $41.00 at UBS Group

National Beverage (NASDAQ:FIZZ) had its price target trimmed by UBS Group from $46.00 to $41.00 in a report published on Thursday,Benzinga reports. The brokerage currently has a sell rating on the stock.

National Beverage Price Performance

NASDAQ FIZZ opened at $39.58 on Thursday. National Beverage has a 12 month low of $38.25 and a 12 month high of $53.48. The company has a market capitalization of $3.71 billion, a P/E ratio of 19.89 and a beta of 0.84. The company’s 50 day simple moving average is $42.00 and its 200 day simple moving average is $44.94.

National Beverage (NASDAQ:FIZZ) last announced its quarterly earnings data on Thursday, December 5th. The company reported $0.49 EPS for the quarter. National Beverage had a return on equity of 42.80% and a net margin of 15.63%.

Insiders Place Their Bets

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

Hedge Funds Weigh In On National Beverage

Several institutional investors and hedge funds have recently added to or reduced their stakes in the company. Blue Trust Inc. boosted its position in shares of National Beverage by 323.0% in the third quarter. Blue Trust Inc. now owns 643 shares of the company’s stock worth $33,000 after buying an additional 491 shares during the period. Newbridge Financial Services Group Inc. acquired a new stake in National Beverage during the 4th quarter worth about $40,000. Lazard Asset Management LLC purchased a new position in National Beverage during the 4th quarter valued at about $52,000. KBC Group NV grew its stake in National Beverage by 89.3% during the 4th quarter. KBC Group NV now owns 1,357 shares of the company’s stock valued at $58,000 after acquiring an additional 640 shares in the last quarter. Finally, Tower Research Capital LLC TRC increased its holdings in shares of National Beverage by 38.3% in the 4th quarter. Tower Research Capital LLC TRC now owns 1,499 shares of the company’s stock valued at $64,000 after purchasing an additional 415 shares during the period. 23.95% of the stock is currently owned by hedge funds and other institutional investors.

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.