National Beverage Corp. (NASDAQ:FIZZ - Get Free Report) Director Stanley Michael Sheridan sold 8,000 shares of National Beverage stock in a transaction dated Tuesday, April 15th. The shares were sold at an average price of $43.40, for a total value of $347,200.00. Following the transaction, the director now owns 62,408 shares of the company's stock, valued at $2,708,507.20. The trade was a 11.36 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink.
National Beverage Price Performance
NASDAQ:FIZZ opened at $43.51 on Friday. The company has a 50 day moving average price of $41.12 and a 200-day moving average price of $43.89. National Beverage Corp. has a 1-year low of $38.25 and a 1-year high of $53.48. The firm has a market cap of $4.07 billion, a price-to-earnings ratio of 21.86 and a beta of 0.94.
National Beverage (NASDAQ:FIZZ - Get Free Report) last issued its quarterly earnings data on Thursday, March 6th. The company reported $0.42 earnings per share for the quarter, missing analysts' consensus estimates of $0.45 by ($0.03). National Beverage had a return on equity of 42.80% and a net margin of 15.63%. The firm had revenue of $267.05 million during the quarter, compared to analyst estimates of $282.22 million.
Hedge Funds Weigh In On National Beverage
A number of hedge funds have recently bought and sold shares of the business. Newbridge Financial Services Group Inc. acquired a new position in shares of National Beverage during the 4th quarter worth approximately $40,000. Lazard Asset Management LLC acquired a new position in National Beverage during the fourth quarter worth $52,000. Parallel Advisors LLC lifted its holdings in National Beverage by 307.6% during the first quarter. Parallel Advisors LLC now owns 1,333 shares of the company's stock valued at $55,000 after purchasing an additional 1,006 shares in the last quarter. KBC Group NV grew its position in shares of National Beverage by 89.3% in the fourth quarter. KBC Group NV now owns 1,357 shares of the company's stock valued at $58,000 after purchasing an additional 640 shares during the period. Finally, Tower Research Capital LLC TRC increased its stake in shares of National Beverage by 38.3% during the fourth quarter. Tower Research Capital LLC TRC now owns 1,499 shares of the company's stock worth $64,000 after purchasing an additional 415 shares in the last quarter. Hedge funds and other institutional investors own 23.95% of the company's stock.
Analyst Ratings Changes
Separately, UBS Group dropped their target price on National Beverage from $46.00 to $41.00 and set a "sell" rating on the stock in a report on Thursday, February 27th.
Check Out Our Latest Stock Report on FIZZ
National Beverage Company Profile
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Get Free Report)
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.
Further Reading
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