National Beverage (NASDAQ:FIZZ) Stock Price Passes Above 200 Day Moving Average – What’s Next?

Shares of National Beverage Corp. (NASDAQ:FIZZ) crossed above its two hundred day moving average during trading on Monday . The stock has a two hundred day moving average of $34.57 and traded as high as $36.81. National Beverage shares last traded at $36.55, with a volume of 309,659 shares.

Analyst Upgrades and Downgrades

Several equities analysts have issued reports on FIZZ shares. Weiss Ratings reaffirmed a “sell (d+)” rating on shares of National Beverage in a report on Friday, March 27th. UBS Group raised their price objective on National Beverage from $34.00 to $35.00 and gave the stock a “sell” rating in a report on Monday, March 16th. Two investment analysts have rated the stock with a Sell rating, According to MarketBeat.com, the stock presently has a consensus rating of “Sell” and a consensus target price of $35.00.

National Beverage Price Performance

The stock has a market cap of $3.42 billion, a price-to-earnings ratio of 18.18 and a beta of 0.76. The stock’s 50-day moving average is $35.07 and its 200 day moving average is $34.57.

Institutional Investors Weigh In On National Beverage

A number of hedge funds and other institutional investors have recently modified their holdings of the stock. Vanguard Group Inc. lifted its position in shares of National Beverage by 1.5% during the 4th quarter. Vanguard Group Inc. now owns 2,784,866 shares of the company’s stock valued at $88,809,000 after acquiring an additional 41,139 shares during the period. Dimensional Fund Advisors LP lifted its position in shares of National Beverage by 9.6% during the 1st quarter. Dimensional Fund Advisors LP now owns 1,582,865 shares of the company’s stock valued at $53,265,000 after acquiring an additional 138,433 shares during the period. State Street Corp raised its position in shares of National Beverage by 3.2% during the 4th quarter. State Street Corp now owns 902,801 shares of the company’s stock worth $28,790,000 after purchasing an additional 28,036 shares during the last quarter. Geode Capital Management LLC raised its position in shares of National Beverage by 0.6% during the 4th quarter. Geode Capital Management LLC now owns 754,412 shares of the company’s stock worth $24,061,000 after purchasing an additional 4,288 shares during the last quarter. Finally, Two Sigma Investments LP lifted its stake in National Beverage by 53.7% in the 3rd quarter. Two Sigma Investments LP now owns 320,687 shares of the company’s stock valued at $11,840,000 after buying an additional 111,978 shares in the last quarter. 23.95% of the stock is currently owned by institutional investors and hedge funds.

About National Beverage

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.