National Beverage (FIZZ) Hits New 52-Week Low at $46.19

National Beverage Corp. (NASDAQ:FIZZ)’s share price hit a new 52-week low during trading on Thursday . The company traded as low as $46.19 and last traded at $47.41, with a volume of 388000 shares traded. The stock had previously closed at $47.26.

A number of equities analysts recently commented on FIZZ shares. BidaskClub upgraded shares of National Beverage from a “strong sell” rating to a “sell” rating in a research note on Tuesday, April 9th. Jefferies Financial Group started coverage on shares of National Beverage in a research note on Tuesday, May 14th. They set an “underperform” rating and a $45.00 target price for the company. Guggenheim downgraded shares of National Beverage from a “neutral” rating to a “sell” rating and lowered their target price for the stock from $72.00 to $45.00 in a research note on Friday, March 8th. TheStreet downgraded shares of National Beverage from a “b-” rating to a “c+” rating in a research note on Tuesday, April 2nd. Finally, Maxim Group reiterated a “sell” rating and set a $45.00 target price on shares of National Beverage in a research note on Friday, March 8th. Four investment analysts have rated the stock with a sell rating, two have issued a hold rating and three have given a buy rating to the company’s stock. National Beverage presently has a consensus rating of “Hold” and an average target price of $75.50.

The company has a market cap of $2.12 billion, a PE ratio of 14.15, a price-to-earnings-growth ratio of 8.17 and a beta of 1.25.

National Beverage (NASDAQ:FIZZ) last released its quarterly earnings data on Thursday, March 7th. The company reported $0.53 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.76 by ($0.23). National Beverage had a net margin of 14.84% and a return on equity of 42.23%. The company had revenue of $220.89 million during the quarter, compared to analyst estimates of $254.80 million. On average, research analysts anticipate that National Beverage Corp. will post 3.09 earnings per share for the current year.

In related news, President Joseph G. Caporella acquired 6,000 shares of the firm’s stock in a transaction on Thursday, March 14th. The stock was bought at an average price of $59.95 per share, for a total transaction of $359,700.00. Following the completion of the purchase, the president now directly owns 413,600 shares of the company’s stock, valued at approximately $24,795,320. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Corporate insiders own 75.20% of the company’s stock.

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Quadrant Capital Group LLC acquired a new position in National Beverage in the first quarter valued at $25,000. Golden State Wealth Management LLC purchased a new stake in shares of National Beverage in the first quarter valued at about $40,000. Royce & Associates LP purchased a new stake in shares of National Beverage in the first quarter valued at about $42,000. Doyle Wealth Management purchased a new stake in shares of National Beverage in the fourth quarter valued at about $50,000. Finally, Private Capital Group LLC purchased a new stake in shares of National Beverage in the first quarter valued at about $59,000. Institutional investors own 24.82% of the company’s stock.

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National Beverage Company Profile (NASDAQ:FIZZ)

National Beverage Corp., through its subsidiaries, develops, produces, markets, and sells a portfolio of waters, juices, energy drinks, and carbonated soft drinks primarily in the United States and Canada. The company offers beverages to the active and health-conscious consumers, including sparkling waters, energy drinks, and juices under the LaCroix, LaCroix Cúrate, LaCroix NiCola, Shasta Sparkling Water, the Rip It, Everfresh, Everfresh Premier Varietals, and Mr.

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