National Beverage (NASDAQ:FIZZ) Hits New 12-Month Low – Here’s Why

National Beverage Corp. (NASDAQ:FIZZ) shares reached a new 52-week low during trading on Friday . The stock traded as low as $42.18 and last traded at $42.20, with a volume of 4364 shares traded. The stock had previously closed at $42.40.

Analyst Upgrades and Downgrades

Separately, UBS Group decreased their price objective on National Beverage from $46.00 to $45.00 and set a “sell” rating on the stock in a research report on Tuesday, September 10th.

National Beverage Price Performance

The firm has a market cap of $4.03 billion, a P/E ratio of 21.62 and a beta of 0.86. The stock’s 50-day simple moving average is $46.89 and its two-hundred day simple moving average is $47.06.

Insiders Place Their Bets

In other National Beverage news, Director Cecil D. Conlee sold 2,736 shares of the stock in a transaction on Thursday, December 12th. The stock was sold at an average price of $47.01, for a total value of $128,619.36. Following the sale, the director now owns 53,744 shares in the company, valued at $2,526,505.44. This trade represents a 4.84 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. 74.80% of the stock is owned by insiders.

Institutional Inflows and Outflows

Institutional investors have recently added to or reduced their stakes in the stock. GAMMA Investing LLC boosted its position in National Beverage by 43.6% in the 4th quarter. GAMMA Investing LLC now owns 1,594 shares of the company’s stock valued at $68,000 after buying an additional 484 shares during the period. Franklin Resources Inc. raised its stake in shares of National Beverage by 3.4% during the third quarter. Franklin Resources Inc. now owns 11,547 shares of the company’s stock valued at $528,000 after acquiring an additional 383 shares in the last quarter. Geode Capital Management LLC boosted its holdings in shares of National Beverage by 4.2% in the third quarter. Geode Capital Management LLC now owns 706,076 shares of the company’s stock valued at $33,148,000 after purchasing an additional 28,688 shares during the period. Barclays PLC grew its stake in National Beverage by 389.9% in the third quarter. Barclays PLC now owns 41,810 shares of the company’s stock worth $1,962,000 after purchasing an additional 33,275 shares in the last quarter. Finally, Point72 DIFC Ltd purchased a new position in National Beverage during the 3rd quarter worth $180,000. Hedge funds and other institutional investors own 23.95% of the company’s stock.

National Beverage Company Profile

National Beverage Corp., through its subsidiaries, develops, produces, markets, and sells a portfolio of sparkling waters, juices, energy drinks, and carbonated soft drinks primarily in the United States and Canada. The company's Power+ brand portfolio offers sparkling water products under the LaCroix, LaCroix Cúrate, and LaCroix NiCola; non-carbonated flavored water under the Clear Fruit; energy drink and shots under the Rip It; juice and juice-based products under Everfresh, Everfresh Premier Varietals, and Mr.