National Beverage (NASDAQ:FIZZ) Shares Cross Above 200 Day Moving Average – Should You Sell?

National Beverage Corp. (NASDAQ:FIZZ)’s share price crossed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of $34.21 and traded as high as $35.70. National Beverage shares last traded at $35.16, with a volume of 282,428 shares changing hands.

Wall Street Analysts Forecast Growth

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

National Beverage Price Performance

The company has a market cap of $3.29 billion, a P/E ratio of 17.48 and a beta of 0.74. The stock’s 50-day moving average is $34.62 and its two-hundred day moving average is $34.21.

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

Institutional Trading of National Beverage

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Vanguard Group Inc. increased its holdings in National Beverage by 1.5% during the fourth quarter. Vanguard Group Inc. now owns 2,784,866 shares of the company’s stock valued at $88,809,000 after buying an additional 41,139 shares during the last quarter. Dimensional Fund Advisors LP increased its holdings in National Beverage by 9.6% during the first quarter. Dimensional Fund Advisors LP now owns 1,582,865 shares of the company’s stock valued at $53,265,000 after buying an additional 138,433 shares during the last quarter. State Street Corp increased its holdings in National Beverage by 3.2% during the fourth quarter. State Street Corp now owns 902,801 shares of the company’s stock valued at $28,790,000 after buying an additional 28,036 shares during the last quarter. Geode Capital Management LLC increased its holdings in National Beverage by 0.6% during the fourth quarter. Geode Capital Management LLC now owns 754,412 shares of the company’s stock valued at $24,061,000 after buying an additional 4,288 shares during the last quarter. Finally, Two Sigma Investments LP increased its holdings in National Beverage by 53.7% during the third 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 during the last quarter. 23.95% of the stock is owned by hedge funds and other institutional investors.

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.