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

National Beverage Corp. (NASDAQ:FIZZ) shares crossed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of $34.61 and traded as high as $35.31. National Beverage shares last traded at $34.55, with a volume of 491,323 shares traded.

Analyst Upgrades and Downgrades

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

National Beverage Trading Down 1.1%

The firm has a market cap of $3.11 billion, a price-to-earnings ratio of 16.52 and a beta of 0.76. The stock has a 50-day moving average of $35.20 and a 200-day moving average of $34.60.

Institutional Trading of National Beverage

A number of large investors have recently modified their holdings of FIZZ. Royal Bank of Canada boosted its stake in National Beverage by 8.1% during the 1st quarter. Royal Bank of Canada now owns 18,266 shares of the company’s stock valued at $758,000 after purchasing an additional 1,363 shares during the period. AQR Capital Management LLC increased its stake in shares of National Beverage by 33.5% in the first quarter. AQR Capital Management LLC now owns 19,886 shares of the company’s stock valued at $826,000 after purchasing an additional 4,990 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its holdings in shares of National Beverage by 4.6% during the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 13,973 shares of the company’s stock valued at $580,000 after buying an additional 620 shares during the last quarter. Millennium Management LLC boosted its position in shares of National Beverage by 485.3% during the first quarter. Millennium Management LLC now owns 275,644 shares of the company’s stock worth $11,450,000 after buying an additional 228,553 shares during the period. Finally, Jane Street Group LLC boosted its position in shares of National Beverage by 12,294.9% during the first quarter. Jane Street Group LLC now owns 48,292 shares of the company’s stock worth $2,006,000 after buying an additional 48,688 shares during the period. Institutional investors and hedge funds own 23.95% of the company’s stock.

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.