National Beverage (NASDAQ:FIZZ) Stock Price Down 5.2% – Time to Sell?

Shares of National Beverage Corp. (NASDAQ:FIZZ) dropped 5.2% during mid-day trading on Monday . The stock traded as low as $31.63 and last traded at $31.5850. 150,999 shares traded hands during trading, a decline of 51% from the average daily volume of 306,515 shares. The stock had previously closed at $33.33.

Wall Street Analyst Weigh In

Several research firms have recently issued reports on FIZZ. UBS Group reissued a “sell” rating and issued a $33.00 price target (down from $35.00) on shares of National Beverage in a research note on Friday, June 26th. Weiss Ratings restated a “sell (d+)” rating on shares of National Beverage in a report on Wednesday, June 24th. Two research analysts have rated the stock with a Sell rating, According to MarketBeat, National Beverage presently has an average rating of “Sell” and an average target price of $33.00.

National Beverage Stock Down 5.7%

The firm has a market capitalization of $2.94 billion, a P/E ratio of 16.08 and a beta of 0.79. The stock has a fifty day moving average of $35.01 and a 200-day moving average of $34.51.

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

National Beverage Announces Dividend

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

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently modified their holdings of the company. Norges Bank bought a new stake in shares of National Beverage during the fourth quarter worth approximately $8,355,000. Millennium Management LLC lifted its holdings in shares of National Beverage by 485.3% during the 1st quarter. Millennium Management LLC now owns 275,644 shares of the company’s stock worth $11,450,000 after acquiring an additional 228,553 shares during the period. Dimensional Fund Advisors LP raised its holdings in shares of National Beverage by 9.6% during the 1st quarter. Dimensional Fund Advisors LP now owns 1,582,865 shares of the company’s stock worth $53,265,000 after buying an additional 138,433 shares in the last quarter. Two Sigma Investments LP grew its holdings 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 valued at $11,840,000 after purchasing an additional 111,978 shares during the last quarter. Finally, Goldman Sachs Group Inc. lifted its stake in shares of National Beverage by 73.1% in the 4th quarter. Goldman Sachs Group Inc. now owns 243,714 shares of the company’s stock valued at $7,772,000 after acquiring an additional 102,950 shares during the last quarter. Institutional investors own 23.95% of the company’s stock.

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.