National Beverage (NASDAQ:FIZZ) Reaches New 1-Year Low at $43.71

National Beverage Corp. (NASDAQ:FIZZ)’s stock price reached a new 52-week low on Wednesday . The company traded as low as $43.71 and last traded at $44.23, with a volume of 24178 shares changing hands. The stock had previously closed at $44.42.

National Beverage Price Performance

The business’s 50-day moving average price is $48.27 and its two-hundred day moving average price is $48.23. The firm has a market cap of $4.07 billion, a price-to-earnings ratio of 24.04 and a beta of 0.84.

National Beverage (NASDAQ:FIZZ) last posted its quarterly earnings data on Thursday, March 7th. The company reported $0.42 earnings per share for the quarter. The business had revenue of $270.07 million during the quarter. National Beverage had a net margin of 14.34% and a return on equity of 38.23%.

Insider Buying and Selling

In related news, Director Cecil D. Conlee sold 12,000 shares of the company’s stock in a transaction that occurred on Tuesday, April 9th. The shares were sold at an average price of $47.94, for a total transaction of $575,280.00. Following the completion of the transaction, the director now owns 60,480 shares of the company’s stock, valued at $2,899,411.20. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. 75.00% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On National Beverage

Institutional investors and hedge funds have recently bought and sold shares of the stock. IFP Advisors Inc grew its stake in National Beverage by 11.0% during the third quarter. IFP Advisors Inc now owns 3,921 shares of the company’s stock worth $184,000 after buying an additional 388 shares during the period. DAVENPORT & Co LLC grew its stake in National Beverage by 2.3% during the third quarter. DAVENPORT & Co LLC now owns 26,518 shares of the company’s stock worth $1,247,000 after buying an additional 586 shares during the period. Exchange Traded Concepts LLC purchased a new position in shares of National Beverage in the third quarter valued at $1,190,000. Handelsbanken Fonder AB boosted its stake in shares of National Beverage by 3.6% in the third quarter. Handelsbanken Fonder AB now owns 6,483 shares of the company’s stock valued at $305,000 after purchasing an additional 225 shares during the period. Finally, Simplicity Solutions LLC boosted its stake in shares of National Beverage by 9.3% in the third quarter. Simplicity Solutions LLC now owns 12,729 shares of the company’s stock valued at $599,000 after purchasing an additional 1,088 shares during the period. Institutional investors and hedge funds own 23.95% of the company’s stock.

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.