National Beverage Corp stock hits 52-week low at $36.11

National Beverage Corp (FIZZ) stock has reached a 52-week low, closing at $36.11. This marks a significant downturn for the company, which has seen its stock price decline by 20.81% over the past year. According to InvestingPro analysis, despite the price decline, FIZZ maintains strong financial health with a current ratio of 3.24, indicating robust liquidity. The beverage company, known for its popular LaCroix brand, has faced challenges in the competitive market, contributing to this notable decrease in its stock value. Despite market pressures, the company maintains solid fundamentals with a healthy 37% gross profit margin and strong return on assets of 29.5%. As the company navigates these hurdles, investors will be closely monitoring any strategic changes that could potentially reverse this downward trend. InvestingPro offers 8 additional investment tips for FIZZ stock that could help inform your investment decision.

In other recent news, National Beverage Corp. reported first-quarter earnings that did not meet analyst expectations. The company posted earnings per share of $0.60, slightly below the anticipated $0.61, while its revenue reached $331 million, missing the consensus estimate of $336.06 million. Despite the revenue shortfall, this figure marked a record for the company, driven by price and product mix improvements, although there was a slight decline in case volume. UBS reiterated its Sell rating on National Beverage, maintaining a $40.00 price target, citing concerns about lower volumes impacting sales. In corporate developments, Cecil D. Conlee, a long-serving director since 2009, announced his retirement from the board, effective as of the company’s annual meeting. These recent developments highlight ongoing challenges and changes within National Beverage Corp.

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