Stanley Michael Sheridan Sells 8,000 Shares of National Beverage Corp. (NASDAQ:FIZZ) Stock

National Beverage Corp. (NASDAQ:FIZZ) Director Stanley Michael Sheridan sold 8,000 shares of National Beverage stock in a transaction on Tuesday, April 15th. The shares were sold at an average price of $43.40, for a total transaction of $347,200.00. Following the transaction, the director now owns 62,408 shares in the company, valued at $2,708,507.20. The trade was a 11.36 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this link.

National Beverage Stock Up 0.9 %

FIZZ opened at $43.51 on Friday. The firm has a market capitalization of $4.07 billion, a P/E ratio of 21.86 and a beta of 0.94. The firm’s 50 day moving average is $41.19 and its 200-day moving average is $43.87. National Beverage Corp. has a 52-week low of $38.25 and a 52-week high of $53.48.

National Beverage (NASDAQ:FIZZ) last issued its quarterly earnings data on Thursday, March 6th. The company reported $0.42 EPS for the quarter, missing analysts’ consensus estimates of $0.45 by ($0.03). The firm had revenue of $267.05 million during the quarter, compared to analyst estimates of $282.22 million. National Beverage had a return on equity of 42.80% and a net margin of 15.63%.

Analyst Upgrades and Downgrades

Separately, UBS Group lowered their target price on National Beverage from $46.00 to $41.00 and set a “sell” rating for the company in a research note on Thursday, February 27th.

Institutional Investors Weigh In On National Beverage

A number of hedge funds have recently bought and sold shares of FIZZ. Exchange Traded Concepts LLC grew its position in shares of National Beverage by 12.1% during the first quarter. Exchange Traded Concepts LLC now owns 44,328 shares of the company’s stock worth $1,841,000 after buying an additional 4,769 shares in the last quarter. GAMMA Investing LLC increased its position in shares of National Beverage by 29.2% in the 1st quarter. GAMMA Investing LLC now owns 2,060 shares of the company’s stock worth $86,000 after purchasing an additional 466 shares during the last quarter. Parallel Advisors LLC raised its stake in shares of National Beverage by 307.6% in the 1st 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. Jefferies Financial Group Inc. bought a new position in shares of National Beverage during the fourth quarter worth about $262,000. Finally, PharVision Advisers LLC acquired a new position in National Beverage in the fourth quarter worth about $303,000. Institutional investors and hedge funds own 23.95% of the company’s stock.

National Beverage Company Profile

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.