BlackRock Inc. Trims Stake in National Beverage Corp. (NASDAQ:FIZZ)

BlackRock Inc. decreased its position in shares of National Beverage Corp. (NASDAQ:FIZZ) by 1.3% during the second quarter, Holdings Channel reports. The fund owned 821,812 shares of the company’s stock after selling 11,245 shares during the period. BlackRock Inc.’s holdings in National Beverage were worth $36,678,000 as of its most recent SEC filing.

Several other hedge funds have also recently bought and sold shares of the business. Renaissance Technologies LLC grew its holdings in shares of National Beverage by 7.5% during the 2nd quarter. Renaissance Technologies LLC now owns 2,670,500 shares of the company’s stock worth $119,184,000 after acquiring an additional 187,000 shares during the period. Kayne Anderson Rudnick Investment Management LLC grew its stake in shares of National Beverage by 1.8% in the 1st quarter. Kayne Anderson Rudnick Investment Management LLC now owns 849,115 shares of the company’s stock worth $49,019,000 after buying an additional 14,979 shares during the last quarter. Prudential Financial Inc. grew its stake in shares of National Beverage by 99.4% in the 2nd quarter. Prudential Financial Inc. now owns 463,524 shares of the company’s stock worth $20,688,000 after buying an additional 231,028 shares during the last quarter. Gamco Investors INC. ET AL grew its stake in shares of National Beverage by 16.8% in the 2nd quarter. Gamco Investors INC. ET AL now owns 270,715 shares of the company’s stock worth $12,082,000 after buying an additional 39,033 shares during the last quarter. Finally, RK Asset Management LLC grew its stake in shares of National Beverage by 37.1% in the 2nd quarter. RK Asset Management LLC now owns 180,101 shares of the company’s stock worth $8,038,000 after buying an additional 48,733 shares during the last quarter. Hedge funds and other institutional investors own 32.99% of the company’s stock.

Shares of FIZZ opened at $49.09 on Friday. The business’s fifty day simple moving average is $43.98 and its two-hundred day simple moving average is $47.64. The company has a current ratio of 3.12, a quick ratio of 2.50 and a debt-to-equity ratio of 0.12. National Beverage Corp. has a 12 month low of $38.28 and a 12 month high of $103.61. The company has a market cap of $2.29 billion, a price-to-earnings ratio of 16.36, a P/E/G ratio of 9.15 and a beta of 1.32.

National Beverage (NASDAQ:FIZZ) last issued its earnings results on Thursday, September 5th. The company reported $0.74 EPS for the quarter, missing the consensus estimate of $0.77 by ($0.03). National Beverage had a net margin of 12.85% and a return on equity of 35.66%. The business had revenue of $263.57 million for the quarter, compared to analysts’ expectations of $272.85 million. During the same quarter in the prior year, the business posted $1.04 earnings per share. The business’s revenue for the quarter was down 9.9% on a year-over-year basis. As a group, research analysts forecast that National Beverage Corp. will post 2.51 EPS for the current year.

FIZZ has been the topic of several recent research reports. UBS Group cut their price target on National Beverage from $45.00 to $44.00 and set a “neutral” rating on the stock in a research note on Monday, September 9th. BidaskClub upgraded National Beverage from a “sell” rating to a “hold” rating in a research note on Thursday, October 3rd. Maxim Group restated a “hold” rating on shares of National Beverage in a research note on Thursday, June 27th. Zacks Investment Research downgraded National Beverage from a “hold” rating to a “sell” rating in a research note on Monday, September 9th. Finally, Imperial Capital restated an “outperform” rating and issued a $65.00 price target (down previously from $150.00) on shares of National Beverage in a research note on Monday, July 1st. Three analysts have rated the stock with a sell rating, four have given a hold rating and three have given a buy rating to the company. National Beverage currently has a consensus rating of “Hold” and an average price target of $57.31.

About National Beverage

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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Institutional Ownership by Quarter for National Beverage (NASDAQ:FIZZ)

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