Denali Advisors LLC Grows Stake in National Beverage Corp. $FIZZ

Denali Advisors LLC increased its position in shares of National Beverage Corp. (NASDAQ:FIZZ) by 30.1% in the 3rd quarter, HoldingsChannel.com reports. The firm owned 182,262 shares of the company’s stock after acquiring an additional 42,212 shares during the period. Denali Advisors LLC’s holdings in National Beverage were worth $6,729,000 at the end of the most recent reporting period.

Several other large investors also recently bought and sold shares of the company. SG Americas Securities LLC purchased a new stake in shares of National Beverage in the third quarter valued at about $1,100,000. Nordea Investment Management AB raised its position in shares of National Beverage by 1.6% during the 2nd quarter. Nordea Investment Management AB now owns 67,384 shares of the company’s stock worth $2,889,000 after purchasing an additional 1,054 shares during the last quarter. Geode Capital Management LLC lifted its stake in National Beverage by 3.2% in the 2nd quarter. Geode Capital Management LLC now owns 779,290 shares of the company’s stock valued at $33,700,000 after buying an additional 23,987 shares in the last quarter. Connor Clark & Lunn Investment Management Ltd. grew its holdings in National Beverage by 86.9% during the 2nd quarter. Connor Clark & Lunn Investment Management Ltd. now owns 9,958 shares of the company’s stock valued at $431,000 after buying an additional 4,631 shares during the last quarter. Finally, Norges Bank purchased a new position in National Beverage during the second quarter worth $10,419,000. Institutional investors and hedge funds own 23.95% of the company’s stock.

Wall Street Analysts Forecast Growth

FIZZ has been the topic of several recent research reports. UBS Group set a $35.00 price objective on National Beverage and gave the company a “sell” rating in a research report on Friday, December 5th. Weiss Ratings reissued a “sell (d+)” rating on shares of National Beverage in a research note on Monday, December 29th. Two investment analysts have rated the stock with a Sell rating, According to data from MarketBeat.com, the company has a consensus rating of “Sell” and an average target price of $35.00.

National Beverage Stock Up 1.4%

Shares of National Beverage stock opened at $36.35 on Monday. National Beverage Corp. has a fifty-two week low of $31.21 and a fifty-two week high of $47.89. The business’s fifty day moving average is $33.53 and its two-hundred day moving average is $36.58. The firm has a market cap of $3.40 billion, a PE ratio of 18.27 and a beta of 0.71.

National Beverage (NASDAQ:FIZZ) last announced its quarterly earnings data on Thursday, December 11th. The company reported $0.49 EPS for the quarter, missing analysts’ consensus estimates of $0.52 by ($0.03). The business had revenue of $288.33 million during the quarter, compared to analysts’ expectations of $292.66 million. National Beverage had a net margin of 15.55% and a return on equity of 39.29%.

National Beverage Company Profile

National Beverage Corp. (NASDAQ: FIZZ) is a U.S.-based beverage company specializing in the development, marketing and production of nonalcoholic refreshment products. The company’s portfolio includes a range of sparkling waters, soft drinks and energy beverages designed for a variety of consumer tastes and dietary preferences. Through in-house bottling operations and strategic partnerships with co-packers, National Beverage manages production from flavor formulation to final packaging and distribution.

Founded in 1985, National Beverage has broadened its product lineup over the decades through both organic brand introductions and selective acquisitions.