National Beverage (NASDAQ:FIZZ) Stock Price Down 5.2% – What’s Next?

Shares of National Beverage Corp. (NASDAQ:FIZZ) dropped 5.2% during trading on Monday . The stock traded as low as $31.63 and last traded at $31.5850. Approximately 150,999 shares changed hands during mid-day trading, a decline of 51% from the average session volume of 306,515 shares. The stock had previously closed at $33.33.

Analyst Upgrades and Downgrades

A number of research firms recently weighed in on FIZZ. Weiss Ratings reaffirmed a “sell (d+)” rating on shares of National Beverage in a research note on Wednesday, June 24th. UBS Group reiterated a “sell” rating and set a $33.00 price target (down from $35.00) on shares of National Beverage in a report on Friday, June 26th. Two equities research analysts have rated the stock with a Sell rating, Based on data from MarketBeat.com, the company currently has an average rating of “Sell” and an average target price of $33.00.

National Beverage Stock Down 5.7%

The company has a market capitalization of $2.94 billion, a PE ratio of 16.08 and a beta of 0.79. The firm’s 50-day moving average is $35.01 and its 200-day moving average is $34.51.

National Beverage (NASDAQ:FIZZ) last released its earnings results on Wednesday, July 1st. The company reported $0.43 EPS for the quarter, missing the consensus estimate of $0.47 by ($0.04). The business had revenue of $297.12 million for the quarter, compared to the consensus estimate of $294.81 million. National Beverage had a net margin of 15.56% and a return on equity of 32.20%.

National Beverage Announces Dividend

The firm also recently announced a special dividend, which will be paid on Thursday, July 30th. Investors of record on Monday, July 13th will be issued a dividend of $3.25 per share. The ex-dividend date is Monday, July 13th.

Institutional Investors Weigh In On National Beverage

Several hedge funds have recently made changes to their positions in the company. Rockefeller Capital Management L.P. grew its holdings in National Beverage by 958.8% in the fourth quarter. Rockefeller Capital Management L.P. now owns 900 shares of the company’s stock worth $29,000 after purchasing an additional 815 shares during the period. Aster Capital Management DIFC Ltd grew its holdings in shares of National Beverage by 156.6% in the fourth quarter. Aster Capital Management DIFC Ltd now owns 1,111 shares of the company’s stock worth $35,000 after acquiring an additional 678 shares during the period. Jessup Wealth Management Inc bought a new position in shares of National Beverage in the 4th quarter worth approximately $38,000. Brown Brothers Harriman & Co. boosted its stake in shares of National Beverage by 213.5% during the 3rd quarter. Brown Brothers Harriman & Co. now owns 1,066 shares of the company’s stock worth $39,000 after acquiring an additional 726 shares during the last quarter. Finally, Advisory Services Network LLC purchased a new stake in National Beverage in the third quarter worth about $39,000. 23.95% of the stock is currently owned by 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.