National Beverage Corp. (NASDAQ:FIZZ – Get Rating) was down 4% on Monday after UBS Group lowered their price target on the stock from $43.00 to $42.00. The stock traded as low as $45.03 and last traded at $45.03. Approximately 1,150 shares were traded during trading, a decline of 99% from the average daily volume of 179,802 shares. The stock had previously closed at $46.93.
Insider Buying and Selling at National Beverage
In related news, Director Cecil D. Conlee sold 12,000 shares of the company’s stock in a transaction on Monday, July 11th. The stock was sold at an average price of $49.52, for a total transaction of $594,240.00. Following the completion of the sale, the director now directly owns 68,680 shares in the company, valued at approximately $3,401,033.60. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Insiders own 75.00% of the company’s stock.
Hedge Funds Weigh In On National Beverage
Several institutional investors and hedge funds have recently bought and sold shares of FIZZ. Legal & General Group Plc boosted its position in shares of National Beverage by 0.6% in the 2nd quarter. Legal & General Group Plc now owns 68,795 shares of the company’s stock worth $3,367,000 after purchasing an additional 437 shares in the last quarter. Goldman Sachs Group Inc. increased its position in National Beverage by 50.0% during the 2nd quarter. Goldman Sachs Group Inc. now owns 191,751 shares of the company’s stock valued at $9,384,000 after buying an additional 63,947 shares in the last quarter. Thrivent Financial for Lutherans increased its position in National Beverage by 20.7% during the 2nd quarter. Thrivent Financial for Lutherans now owns 22,924 shares of the company’s stock valued at $1,122,000 after buying an additional 3,931 shares in the last quarter. Price T Rowe Associates Inc. MD increased its position in National Beverage by 21.7% during the 2nd quarter. Price T Rowe Associates Inc. MD now owns 11,252 shares of the company’s stock valued at $551,000 after buying an additional 2,008 shares in the last quarter. Finally, Dark Forest Capital Management LP increased its position in National Beverage by 2,509.5% during the 2nd quarter. Dark Forest Capital Management LP now owns 3,836 shares of the company’s stock valued at $188,000 after buying an additional 3,689 shares in the last quarter. 24.27% of the stock is owned by hedge funds and other institutional investors.
National Beverage Stock Performance
The company has a 50 day simple moving average of $52.68 and a two-hundred day simple moving average of $48.09. The firm has a market cap of $4.24 billion, a PE ratio of 31.50 and a beta of 0.87.
National Beverage (NASDAQ:FIZZ – Get Rating) last posted its quarterly earnings results on Wednesday, June 29th. The company reported $0.36 earnings per share for the quarter, missing the consensus estimate of $0.46 by ($0.10). National Beverage had a net margin of 12.25% and a return on equity of 48.49%. The firm had revenue of $284.22 million for the quarter, compared to analysts’ expectations of $293.70 million. As a group, research analysts predict that National Beverage Corp. will post 1.82 earnings per share for the current fiscal year.
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 offers beverages to the active and health-conscious consumers, including sparkling waters, energy drinks, and juices under the LaCroix, LaCroix Cúrate, LaCroix NiCola, Clear Fruit, Rip It, Everfresh, Everfresh Premier Varietals, and Mr.