National Beverage (NASDAQ:FIZZ) Trading Up 4.3% – Should You Buy?

National Beverage Corp. (NASDAQ:FIZZ)’s share price was up 4.3% on Friday . The company traded as high as $36.29 and last traded at $36.24. Approximately 68,442 shares changed hands during trading, a decline of 74% from the average daily volume of 262,343 shares. The stock had previously closed at $34.73.

Analyst Ratings Changes

FIZZ has been the subject of a number of research analyst reports. Weiss Ratings reiterated a “sell (d+)” rating on shares of National Beverage in a research report on Friday, March 27th. UBS Group upped their price objective on shares of National Beverage from $34.00 to $35.00 and gave the stock a “sell” rating in a research report on Monday, March 16th. Two analysts have rated the stock with a Sell rating, According to data from MarketBeat, National Beverage has a consensus rating of “Sell” and an average price target of $35.00.

National Beverage Trading Up 5.1%

The stock’s 50-day moving average is $34.69 and its 200-day moving average is $34.43. The firm has a market capitalization of $3.42 billion, a price-to-earnings ratio of 18.16 and a beta of 0.76.

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

Hedge Funds Weigh In On National Beverage

Several institutional investors and hedge funds have recently added to or reduced their stakes in the business. State of Alaska Department of Revenue increased its position 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 valued at $513,000 after acquiring an additional 342 shares during the period. ExodusPoint Capital Management LP increased its position in National Beverage by 3.1% in the 4th quarter. ExodusPoint Capital Management LP now owns 12,474 shares of the company’s stock valued at $398,000 after acquiring an additional 378 shares during the period. Osaic Holdings Inc. increased its position 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 acquiring an additional 428 shares during the period. Illinois Municipal Retirement Fund increased its position in National Beverage by 3.9% in the 1st quarter. Illinois Municipal Retirement Fund now owns 12,045 shares of the company’s stock valued at $405,000 after acquiring an additional 454 shares during the period. Finally, Raymond James Financial Inc. increased its position in National Beverage by 4.2% in the 3rd quarter. Raymond James Financial Inc. now owns 12,598 shares of the company’s stock valued at $465,000 after acquiring an additional 507 shares during the period. 23.95% of the stock is currently owned by institutional investors and hedge funds.

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.