National Beverage Corp. (NASDAQ:FIZZ) Director Sells $347,200.00 in Stock

National Beverage Corp. (NASDAQ:FIZZ) Director Stanley Michael Sheridan sold 8,000 shares of the business’s stock in a transaction on Tuesday, April 15th. The stock was sold at an average price of $43.40, for a total value of $347,200.00. Following the transaction, the director now directly owns 62,408 shares of the company’s stock, valued at $2,708,507.20. The trade was a 11.36 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website.

National Beverage Trading Up 0.9 %

Shares of FIZZ opened at $43.51 on Friday. The firm’s fifty day simple moving average is $41.19 and its 200-day simple moving average is $43.85. The firm has a market capitalization of $4.07 billion, a price-to-earnings ratio of 21.86 and a beta of 0.94. National Beverage Corp. has a twelve month low of $38.25 and a twelve month high of $53.48.

National Beverage (NASDAQ:FIZZ) last announced its quarterly earnings results on Thursday, March 6th. The company reported $0.42 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.45 by ($0.03). National Beverage had a return on equity of 42.80% and a net margin of 15.63%. The business had revenue of $267.05 million for the quarter, compared to analysts’ expectations of $282.22 million.

Wall Street Analyst Weigh In

Separately, UBS Group lowered their price objective on National Beverage from $46.00 to $41.00 and set a “sell” rating for the company in a research report on Thursday, February 27th.

Hedge Funds Weigh In On National Beverage

Several hedge funds have recently added to or reduced their stakes in FIZZ. Newbridge Financial Services Group Inc. purchased a new position in shares of National Beverage in the 4th quarter valued at $40,000. Lazard Asset Management LLC acquired a new position in National Beverage in the fourth quarter valued at $52,000. Parallel Advisors LLC grew its holdings in shares of National Beverage by 307.6% during the first quarter. Parallel Advisors LLC now owns 1,333 shares of the company’s stock worth $55,000 after purchasing an additional 1,006 shares during the last quarter. KBC Group NV increased its position in shares of National Beverage by 89.3% during the fourth quarter. KBC Group NV now owns 1,357 shares of the company’s stock worth $58,000 after purchasing an additional 640 shares in the last quarter. Finally, Tower Research Capital LLC TRC lifted its holdings in shares of National Beverage by 38.3% in the 4th quarter. Tower Research Capital LLC TRC now owns 1,499 shares of the company’s stock valued at $64,000 after purchasing an additional 415 shares during the last quarter. 23.95% of the stock is currently owned by hedge funds and other institutional investors.

About National Beverage

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.