National Beverage (NASDAQ:FIZZ) Hits New 12-Month Low – Should You Sell?

National Beverage Corp. (NASDAQ:FIZZ) reached a new 52-week low during mid-day trading on Friday . The company traded as low as $42.18 and last traded at $42.20, with a volume of 4364 shares traded. The stock had previously closed at $42.40.

Analyst Upgrades and Downgrades

Separately, UBS Group decreased their price target on shares of National Beverage from $46.00 to $45.00 and set a “sell” rating for the company in a report on Tuesday, September 10th.

National Beverage Trading Down 0.2 %

The firm has a market capitalization of $3.96 billion, a PE ratio of 21.26 and a beta of 0.86. The firm’s fifty day moving average price is $46.93 and its 200 day moving average price is $47.10.

Insider Buying and Selling at National Beverage

In related news, Director Cecil D. Conlee sold 2,736 shares of National Beverage stock in a transaction on Thursday, December 12th. The shares were sold at an average price of $47.01, for a total value of $128,619.36. Following the completion of the sale, the director now owns 53,744 shares of the company’s stock, valued at approximately $2,526,505.44. The trade was a 4.84 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Corporate insiders own 74.80% of the company’s stock.

Hedge Funds Weigh In On National Beverage

Several institutional investors have recently bought and sold shares of FIZZ. Canada Pension Plan Investment Board acquired a new position in shares of National Beverage during the 2nd quarter valued at about $31,000. Quarry LP boosted its position in National Beverage by 584.9% during the second quarter. Quarry LP now owns 637 shares of the company’s stock worth $33,000 after purchasing an additional 544 shares during the period. Blue Trust Inc. boosted its position in National Beverage by 323.0% during the third quarter. Blue Trust Inc. now owns 643 shares of the company’s stock worth $33,000 after purchasing an additional 491 shares during the period. Quest Partners LLC acquired a new position in National Beverage during the second quarter valued at approximately $34,000. Finally, Headlands Technologies LLC raised its position in shares of National Beverage by 760.2% in the second quarter. Headlands Technologies LLC now owns 843 shares of the company’s stock valued at $43,000 after purchasing an additional 745 shares during the period. 23.95% of the stock is currently owned by 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.