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

National Beverage Corp. (NASDAQ:FIZZ) crossed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of $34.61 and traded as high as $35.31. National Beverage shares last traded at $34.55, with a volume of 491,323 shares trading hands.

Analyst Ratings Changes

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

National Beverage Stock Up 2.0%

The company has a market cap of $3.23 billion, a PE ratio of 17.19 and a beta of 0.76. The firm has a 50 day simple moving average of $35.22 and a 200-day simple moving average of $34.61.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently modified their holdings of FIZZ. Royal Bank of Canada boosted its stake in National Beverage by 8.1% in the first quarter. Royal Bank of Canada now owns 18,266 shares of the company’s stock valued at $758,000 after acquiring an additional 1,363 shares in the last quarter. AQR Capital Management LLC grew its holdings in National Beverage by 33.5% in the first quarter. AQR Capital Management LLC now owns 19,886 shares of the company’s stock worth $826,000 after purchasing an additional 4,990 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its position in shares of National Beverage by 4.6% during the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 13,973 shares of the company’s stock worth $580,000 after purchasing an additional 620 shares in the last quarter. Millennium Management LLC increased its position in shares of National Beverage by 485.3% during the first quarter. Millennium Management LLC now owns 275,644 shares of the company’s stock worth $11,450,000 after purchasing an additional 228,553 shares in the last quarter. Finally, Jane Street Group LLC lifted its holdings in shares of National Beverage by 12,294.9% during the 1st quarter. Jane Street Group LLC now owns 48,292 shares of the company’s stock valued at $2,006,000 after purchasing an additional 48,688 shares during the last quarter. Hedge funds and other institutional investors 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.