Gabelli Funds LLC cut its position in National Beverage Corp. (NASDAQ:FIZZ) by 11.5% during the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 43,000 shares of the company’s stock after selling 5,600 shares during the period. Gabelli Funds LLC’s holdings in National Beverage were worth $1,907,000 as of its most recent filing with the Securities and Exchange Commission.
Several other large investors have also recently made changes to their positions in FIZZ. Morgan Stanley increased its position in shares of National Beverage by 314.4% in the 2nd quarter. Morgan Stanley now owns 588,296 shares of the company’s stock valued at $26,255,000 after purchasing an additional 446,322 shares during the last quarter. SG Capital Management LLC purchased a new position in shares of National Beverage in the 3rd quarter valued at $16,041,000. Nuveen Asset Management LLC purchased a new position in shares of National Beverage in the 2nd quarter valued at $10,838,000. Prudential Financial Inc. grew its position 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 valued at $20,688,000 after buying an additional 231,028 shares during the last quarter. Finally, Renaissance Technologies LLC grew its position in shares of National Beverage by 7.5% in the 2nd quarter. Renaissance Technologies LLC now owns 2,670,500 shares of the company’s stock valued at $119,184,000 after buying an additional 187,000 shares during the last quarter. 33.68% of the stock is currently owned by institutional investors.
Shares of NASDAQ FIZZ traded up $0.94 during mid-day trading on Friday, reaching $41.03. The company had a trading volume of 569,100 shares, compared to its average volume of 444,639. 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 52-week low of $38.28 and a 52-week high of $103.61. The firm has a 50 day simple moving average of $46.51 and a two-hundred day simple moving average of $46.38. The stock has a market cap of $2.13 billion, a P/E ratio of 13.68, a PEG ratio of 9.11 and a beta of 1.26.
National Beverage (NASDAQ:FIZZ) last announced its quarterly earnings data on Thursday, September 5th. The company reported $0.74 EPS for the quarter, missing the Thomson Reuters’ 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 company had revenue of $263.57 million during the quarter, compared to analyst estimates of $272.85 million. During the same quarter last year, the business earned $1.04 EPS. The firm’s revenue for the quarter was down 9.9% on a year-over-year basis. On average, equities analysts expect that National Beverage Corp. will post 2.51 EPS for the current year.
FIZZ has been the topic of a number of recent analyst reports. BidaskClub raised shares of National Beverage from a “sell” rating to a “hold” rating in a research report on Thursday, October 3rd. ValuEngine downgraded shares of National Beverage from a “buy” rating to a “hold” rating in a research report on Wednesday. UBS Group dropped their target price on shares of National Beverage from $45.00 to $44.00 and set a “neutral” rating on the stock in a research report on Monday, September 9th. Finally, Zacks Investment Research raised shares of National Beverage from a “sell” rating to a “hold” rating in a research report on Tuesday, November 5th. Two investment analysts have rated the stock with a sell rating, six have issued a hold rating and one has assigned a buy rating to the stock. National Beverage presently has an average rating of “Hold” and an average target price of $57.31.
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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