Victory Capital Management Inc. raised its holdings in National Beverage Corp. (NASDAQ:FIZZ) by 8.2% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 8,447 shares of the company’s stock after acquiring an additional 637 shares during the period. Victory Capital Management Inc.’s holdings in National Beverage Corp. were worth $1,048,000 at the end of the most recent quarter.

A number of other hedge funds have also added to or reduced their stakes in FIZZ. Raymond James Financial Services Advisors Inc. grew its stake in shares of National Beverage Corp. by 73.7% in the 3rd quarter. Raymond James Financial Services Advisors Inc. now owns 5,684 shares of the company’s stock valued at $705,000 after buying an additional 2,411 shares during the period. Bank of Nova Scotia purchased a new position in shares of National Beverage Corp. during the 2nd quarter worth approximately $6,099,000. C M Bidwell & Associates Ltd. boosted its position in shares of National Beverage Corp. by 10.7% during the 2nd quarter. C M Bidwell & Associates Ltd. now owns 2,325 shares of the company’s stock worth $218,000 after purchasing an additional 225 shares during the period. State Street Corp boosted its position in shares of National Beverage Corp. by 4.6% during the 2nd quarter. State Street Corp now owns 236,052 shares of the company’s stock worth $22,081,000 after purchasing an additional 10,443 shares during the period. Finally, Goldman Sachs Group Inc. boosted its position in shares of National Beverage Corp. by 806.9% during the 2nd quarter. Goldman Sachs Group Inc. now owns 94,579 shares of the company’s stock worth $8,849,000 after purchasing an additional 84,150 shares during the period. Institutional investors own 21.28% of the company’s stock.

Shares of National Beverage Corp. (FIZZ) opened at $105.75 on Friday. National Beverage Corp. has a fifty-two week low of $45.40 and a fifty-two week high of $129.82. The firm has a market cap of $4,926.38, a price-to-earnings ratio of 42.30 and a beta of 0.49.

National Beverage Corp. (NASDAQ:FIZZ) last announced its quarterly earnings results on Thursday, September 7th. The company reported $0.82 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.74 by $0.08. National Beverage Corp. had a net margin of 13.38% and a return on equity of 49.70%. The firm had revenue of $259.83 million for the quarter.

Several brokerages have commented on FIZZ. Maxim Group reissued a “sell” rating and issued a $40.00 price target (up previously from $33.00) on shares of National Beverage Corp. in a research report on Friday, September 8th. Susquehanna Bancshares Inc set a $108.00 price target on shares of National Beverage Corp. and gave the company a “hold” rating in a research report on Monday, October 23rd. Finally, UBS Group AG raised shares of National Beverage Corp. from a “neutral” rating to a “positive” rating in a research report on Monday.

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National Beverage Corp. Profile

National Beverage Corp. is a holding company. The Company develops, produces, markets and sells a diverse portfolio of flavored beverage products primarily in North America. The Company’s brands consist of beverages geared to the active and health-conscious consumer (Power+ Brands), including sparkling waters, energy drinks and juices, and carbonated soft drinks in a range of flavors, including regular, sugar-free and reduced calorie options.

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

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