National Beverage (NASDAQ:FIZZ) Stock Price Passes Above Two Hundred Day Moving Average – Here’s What Happened

National Beverage Corp. (NASDAQ:FIZZ) shares passed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of $34.57 and traded as high as $36.81. National Beverage shares last traded at $36.55, with a volume of 309,659 shares changing hands.

Analyst Upgrades and Downgrades

Several analysts recently commented on the company. Weiss Ratings restated a “sell (d+)” rating on shares of National Beverage in a research report on Friday, March 27th. UBS Group lifted their price target on National Beverage from $34.00 to $35.00 and gave the company a “sell” rating in a research report on Monday, March 16th. Two investment analysts have rated the stock with a Sell rating, Based on data from MarketBeat, the company has a consensus rating of “Sell” and an average price target of $35.00.

National Beverage Trading Up 2.1%

The company has a market capitalization of $3.45 billion, a price-to-earnings ratio of 18.31 and a beta of 0.76. The firm has a 50-day moving average price of $35.17 and a 200-day moving average price of $34.60.

Hedge Funds Weigh In On National Beverage

Several hedge funds have recently modified their holdings of FIZZ. Rockefeller Capital Management L.P. increased its position in shares of National Beverage by 958.8% during the 4th quarter. Rockefeller Capital Management L.P. now owns 900 shares of the company’s stock valued at $29,000 after purchasing an additional 815 shares during the period. Aster Capital Management DIFC Ltd boosted its stake in shares of National Beverage by 156.6% during the 4th 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 in the last quarter. Jessup Wealth Management Inc bought a new stake in shares of National Beverage during the 4th quarter worth $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 in the last quarter. Finally, Advisory Services Network LLC bought a new stake in shares of National Beverage during the 3rd quarter worth $39,000. 23.95% of the stock is currently owned by institutional investors and hedge funds.

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.