Blueshift Asset Management LLC acquired a new position in shares of National Beverage Corp. (NASDAQ:FIZZ) in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 2,991 shares of the company’s stock, valued at approximately $215,000.
Several other hedge funds also recently modified their holdings of FIZZ. Renaissance Technologies LLC boosted its holdings in National Beverage by 8.3% during the third quarter. Renaissance Technologies LLC now owns 1,933,800 shares of the company’s stock worth $225,520,000 after purchasing an additional 148,900 shares during the last quarter. Kayne Anderson Rudnick Investment Management LLC boosted its holdings in National Beverage by 2.9% during the fourth quarter. Kayne Anderson Rudnick Investment Management LLC now owns 834,136 shares of the company’s stock worth $59,866,000 after purchasing an additional 23,436 shares during the last quarter. BlackRock Inc. boosted its holdings in National Beverage by 1.3% during the fourth quarter. BlackRock Inc. now owns 801,946 shares of the company’s stock worth $57,555,000 after purchasing an additional 9,904 shares during the last quarter. Macquarie Group Ltd. boosted its holdings in National Beverage by 84.7% during the third quarter. Macquarie Group Ltd. now owns 554,902 shares of the company’s stock worth $64,713,000 after purchasing an additional 254,404 shares during the last quarter. Finally, FMR LLC boosted its holdings in National Beverage by 87.6% during the third quarter. FMR LLC now owns 273,848 shares of the company’s stock worth $31,936,000 after purchasing an additional 127,900 shares during the last quarter. 24.08% of the stock is owned by institutional investors.
Several research analysts recently commented on FIZZ shares. Susquehanna Bancshares reduced their target price on shares of National Beverage from $138.00 to $118.00 in a report on Thursday, November 15th. BidaskClub upgraded shares of National Beverage from a “hold” rating to a “buy” rating in a report on Thursday, November 22nd. Guggenheim upgraded shares of National Beverage from a “sell” rating to a “neutral” rating and set a $86.00 target price for the company in a report on Thursday, December 6th. Maxim Group restated a “sell” rating and set a $45.00 target price on shares of National Beverage in a report on Friday, December 7th. Finally, UBS Group started coverage on shares of National Beverage in a report on Thursday, December 13th. They set a “sell” rating and a $80.00 target price for the company. Four investment analysts have rated the stock with a sell rating, two have assigned a hold rating and two have issued a buy rating to the stock. National Beverage has an average rating of “Hold” and a consensus target price of $87.60.
National Beverage (NASDAQ:FIZZ) last announced its quarterly earnings results on Thursday, March 7th. The company reported $0.53 EPS for the quarter, missing analysts’ consensus estimates of $0.76 by ($0.23). The firm had revenue of $220.89 million during the quarter, compared to analyst estimates of $254.80 million. National Beverage had a net margin of 14.84% and a return on equity of 42.23%. Equities research analysts expect that National Beverage Corp. will post 3.83 EPS for the current year.
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National Beverage Profile
National Beverage Corp., through its subsidiaries, develops, produces, markets, and sells a portfolio of waters, juices, energy drinks, and carbonated soft drinks primarily in the United States and Canada. The company offers beverages to the active and health-conscious consumers, including sparkling waters, energy drinks, and juices under the LaCroix, LaCroix Cúrate, LaCroix NiCola, Shasta Sparkling Water, the Rip It, Everfresh, Everfresh Premier Varietals, and Mr.
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