VIRGINIA RETIREMENT SYSTEMS ET Al acquired a new stake in shares of National Beverage Corp. (NASDAQ:FIZZ – Free Report) in the second quarter, HoldingsChannel.com reports. The firm acquired 37,193 shares of the company’s stock, valued at approximately $1,160,000.
A number of other hedge funds also recently bought and sold shares of the company. Royal Bank of Canada boosted its position in National Beverage by 8.1% in the first quarter. Royal Bank of Canada now owns 18,266 shares of the company’s stock worth $758,000 after purchasing an additional 1,363 shares during the last quarter. AQR Capital Management LLC increased its position in shares of National Beverage by 33.5% during the 1st quarter. AQR Capital Management LLC now owns 19,886 shares of the company’s stock valued at $826,000 after purchasing an additional 4,990 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its position in shares of National Beverage by 4.6% during the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 13,973 shares of the company’s stock valued at $580,000 after purchasing an additional 620 shares during the last quarter. Millennium Management LLC lifted its stake in shares of National Beverage by 485.3% in the 1st quarter. Millennium Management LLC now owns 275,644 shares of the company’s stock worth $11,450,000 after purchasing an additional 228,553 shares during the period. Finally, Jane Street Group LLC lifted its stake in shares of National Beverage by 12,294.9% in the 1st quarter. Jane Street Group LLC now owns 48,292 shares of the company’s stock worth $2,006,000 after purchasing an additional 48,688 shares during the period. Hedge funds and other institutional investors own 23.95% of the company’s stock.
Wall Street Analysts Forecast Growth
Several analysts recently issued reports on FIZZ shares. UBS Group restated a “sell” rating and set a $32.00 target price (down from $33.00) on shares of National Beverage in a research report on Friday, September 4th. Weiss Ratings downgraded shares of National Beverage from a “hold (c-)” rating to a “sell (d+)” rating in a research report on Tuesday. Two research analysts have rated the stock with a Sell rating, Based on data from MarketBeat, National Beverage has an average rating of “Sell” and an average price target of $32.00.
National Beverage Stock Performance
NASDAQ FIZZ opened at $31.37 on Friday. The business’s fifty day moving average is $31.79 and its 200 day moving average is $33.82. National Beverage Corp. has a fifty-two week low of $28.97 and a fifty-two week high of $40.65. The company has a market capitalization of $2.94 billion, a PE ratio of 16.87 and a beta of 0.78.
National Beverage (NASDAQ:FIZZ – Get Free Report) last issued its quarterly earnings results on Thursday, September 10th. The company reported $0.50 EPS for the quarter, missing analysts’ consensus estimates of $0.59 by ($0.09). National Beverage had a return on equity of 29.52% and a net margin of 14.81%.The company had revenue of $330.66 million during the quarter, compared to analysts’ expectations of $342.08 million.
National Beverage Dividend Announcement
The business also recently disclosed a special dividend, which was paid on Thursday, July 30th. Investors of record on Monday, July 13th were paid a dividend of $3.25 per share. The ex-dividend date was Monday, July 13th.
National Beverage Profile
National Beverage Corp. (NASDAQ:FIZZ) develops, manufactures and distributes a portfolio of nonalcoholic beverages. Its products include flavored sparkling waters, carbonated soft drinks, energy drinks, juices and enhanced water beverages, serving consumers through retail, foodservice and other distribution channels.
The company’s brand portfolio includes LaCroix sparkling water, Shasta and Faygo carbonated soft drinks, Everfresh and Mr. Pure juices, and Rip It energy drinks. National Beverage markets its products primarily in the United States, with distribution also extending into Canada and other select markets.
National Beverage was formed in 1985 and is headquartered in Fort Lauderdale, Florida.
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