National Beverage (NASDAQ:FIZZ) Shares Climb 5.5% – Here’s What Happened

National Beverage Corp. (NASDAQ:FIZZ)’s stock price was up 5.5% during trading on Monday. The company traded as high as $31.90 and last traded at $32.2010. 198,927 shares were traded during trading, a decline of 43% from the average daily volume of 351,080 shares. The stock had previously closed at $30.52.

Wall Street Analyst Weigh In

FIZZ has been the subject of a number of research reports. UBS Group set a $31.00 price objective on shares of National Beverage and gave the company a “sell” rating in a report on Monday, September 14th. Weiss Ratings lowered National Beverage from a “hold (c-)” rating to a “sell (d+)” rating in a research report on Tuesday, September 8th. Two analysts have rated the stock with a Sell rating. According to data from MarketBeat.com, National Beverage currently has a consensus rating of “Sell” and a consensus price target of $31.00.

National Beverage Price Performance

The company has a market cap of $3.13 billion, a price-to-earnings ratio of 18.03 and a beta of 0.87. The firm’s 50 day simple moving average is $31.35 and its 200-day simple moving average is $33.06.

National Beverage (NASDAQ:FIZZ) last announced its earnings results on Thursday, September 10th. The company reported $0.50 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.59 by ($0.09). The firm had revenue of $330.66 million during the quarter, compared to analyst estimates of $342.08 million. National Beverage had a net margin of 14.81% and a return on equity of 32.61%.

Institutional Investors Weigh In On National Beverage

Hedge funds have recently added to or reduced their stakes in the company. BlackRock Inc. acquired a new position in National Beverage in the second quarter valued at $133,087,000. Bank of America Corp DE purchased a new stake in shares of National Beverage during the second quarter valued at approximately $7,946,000. Bank of New York Mellon Corp purchased a new position in shares of National Beverage in the second quarter valued at $5,571,000. Dimensional Fund Advisors LP grew its holdings in 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 purchasing an additional 138,433 shares in the last quarter. Finally, Landscape Capital Management L.L.C. acquired a new stake in shares of National Beverage during the second quarter valued at about $3,597,000. Institutional investors and hedge funds own 23.95% of the company’s stock.

About National Beverage

National Beverage Corp. is a beverage company that develops, manufactures, markets and distributes a portfolio of carbonated and noncarbonated drinks. The company is best known for its flavored sparkling water, soft drinks, energy drinks, juices and enhanced water products.

Its brand portfolio includes LaCroix sparkling water, as well as Shasta, Faygo, Rip It, Everfresh, Mr. Pure and ClearFruit. Products are sold through grocery stores, mass merchants, convenience stores, vending channels, food-service operators and other retail outlets, primarily in the United States and Canada.

National Beverage traces its corporate history to 1985 and is headquartered in Fort Lauderdale, Florida.