HRT Financial LLC bought a new position in National Beverage Corp. (NASDAQ:FIZZ) during the 4th quarter, HoldingsChannel.com reports. The institutional investor bought 4,460 shares of the company’s stock, valued at approximately $434,000.
Several other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. AlphaStar Capital Management LLC acquired a new stake in shares of National Beverage in the fourth quarter worth approximately $295,000. Arrowstreet Capital Limited Partnership raised its holdings in National Beverage by 29.1% in the fourth quarter. Arrowstreet Capital Limited Partnership now owns 467,392 shares of the company’s stock valued at $45,543,000 after buying an additional 105,282 shares during the period. Virtu Financial LLC purchased a new position in National Beverage in the fourth quarter valued at approximately $590,000. BlackRock Inc. raised its holdings in National Beverage by 7.9% in the fourth quarter. BlackRock Inc. now owns 806,392 shares of the company’s stock valued at $78,574,000 after buying an additional 59,170 shares during the period. Finally, Chartwell Investment Partners LLC purchased a new position in National Beverage in the fourth quarter valued at approximately $2,439,000. 22.20% of the stock is currently owned by institutional investors and hedge funds.
Several research analysts recently commented on FIZZ shares. UBS Group upgraded shares of National Beverage from a “neutral” rating to a “positive” rating in a report on Monday, November 20th. Susquehanna Bancshares upgraded shares of National Beverage from a “neutral” rating to a “buy” rating and raised their price target for the company from $108.00 to $150.00 in a report on Monday, November 20th. BidaskClub upgraded shares of National Beverage from a “hold” rating to a “buy” rating in a report on Saturday, December 2nd. Finally, Credit Suisse Group restated a “sell” rating on shares of National Beverage in a report on Friday, December 8th. Two equities research analysts have rated the stock with a sell rating, one has issued a hold rating and two have issued a buy rating to the stock. The company currently has an average rating of “Hold” and an average target price of $98.33.
National Beverage (NASDAQ:FIZZ) last posted its quarterly earnings results on Thursday, December 7th. The company reported $0.72 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.68 by $0.04. National Beverage had a net margin of 13.80% and a return on equity of 54.30%. The firm had revenue of $244.10 million for the quarter, compared to analyst estimates of $239.11 million. During the same quarter last year, the firm posted $0.53 earnings per share. National Beverage’s revenue for the quarter was up 20.1% compared to the same quarter last year.
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About National Beverage
National Beverage Corp. is a holding company. The Company develops, produces, markets and sells a diverse portfolio of flavored beverage products primarily in North America. The Company’s brands consist of beverages geared to the active and health-conscious consumer (Power+ Brands), including sparkling waters, energy drinks and juices, and carbonated soft drinks in a range of flavors, including regular, sugar-free and reduced calorie options.
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