National Beverage (NASDAQ:FIZZ) Reaches New 52-Week Low – Here’s What Happened

National Beverage Corp. (NASDAQ:FIZZ) reached a new 52-week low on Monday . The stock traded as low as $30.70 and last traded at $30.3480, with a volume of 2793 shares trading hands. The stock had previously closed at $33.82.

Wall Street Analyst Weigh In

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

National Beverage Stock Down 9.2%

The stock has a market cap of $2.88 billion, a price-to-earnings ratio of 15.59 and a beta of 0.79. The company’s 50-day moving average is $34.87 and its 200-day moving average is $34.51.

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

National Beverage Announces Dividend

The business also recently declared a special dividend, which will be paid on Thursday, July 30th. Investors of record on Monday, July 13th will be paid a $3.25 dividend. The ex-dividend date of this dividend is Monday, July 13th.

Institutional Trading of National Beverage

A number of large investors have recently bought and sold shares of FIZZ. Vanguard Group Inc. raised its stake in National Beverage by 1.5% during the fourth quarter. Vanguard Group Inc. now owns 2,784,866 shares of the company’s stock worth $88,809,000 after acquiring an additional 41,139 shares in the last quarter. Dimensional Fund Advisors LP grew its holdings in shares of National Beverage by 9.6% in the 1st quarter. Dimensional Fund Advisors LP now owns 1,582,865 shares of the company’s stock worth $53,265,000 after purchasing an additional 138,433 shares during the last quarter. State Street Corp grew its holdings in shares of National Beverage by 3.2% in the 4th quarter. State Street Corp now owns 902,801 shares of the company’s stock worth $28,790,000 after purchasing an additional 28,036 shares during the last quarter. Geode Capital Management LLC increased its position in shares of National Beverage by 0.6% during the 4th quarter. Geode Capital Management LLC now owns 754,412 shares of the company’s stock worth $24,061,000 after purchasing an additional 4,288 shares in the last quarter. Finally, Two Sigma Investments LP increased its position in shares of National Beverage by 53.7% during the 3rd quarter. Two Sigma Investments LP now owns 320,687 shares of the company’s stock worth $11,840,000 after purchasing an additional 111,978 shares in the last quarter. 23.95% of the stock is currently owned by institutional investors.

National Beverage Company Profile

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.