Guggenheim Capital LLC boosted its position in shares of National Beverage (NASDAQ:FIZZ) by 6.8% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 19,166 shares of the company’s stock after purchasing an additional 1,222 shares during the period. Guggenheim Capital LLC’s holdings in National Beverage were worth $1,867,000 at the end of the most recent reporting period.
Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. SeaCrest Wealth Management LLC acquired a new position in National Beverage during the 4th quarter worth $109,000. Robeco Institutional Asset Management B.V. acquired a new position in National Beverage during the 4th quarter worth $116,000. Neuberger Berman Group LLC acquired a new position in National Beverage during the 3rd quarter worth $245,000. Icon Advisers Inc. Co. acquired a new position in National Beverage during the 4th quarter worth $214,000. Finally, Lourd Capital LLC acquired a new position in National Beverage during the 4th quarter worth $262,000. 23.59% of the stock is owned by institutional investors and hedge funds.
Shares of FIZZ stock opened at $89.75 on Wednesday. The firm has a market cap of $4,171.01, a price-to-earnings ratio of 29.34 and a beta of 0.93. National Beverage has a 1-year low of $81.65 and a 1-year high of $129.82.
National Beverage (NASDAQ:FIZZ) last announced its quarterly earnings data on Thursday, March 8th. The company reported $0.88 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.67 by $0.21. National Beverage had a net margin of 15.10% and a return on equity of 56.83%. The company had revenue of $227.50 million during the quarter, compared to analyst estimates of $232.06 million. During the same period last year, the business earned $0.52 EPS. The firm’s revenue for the quarter was up 16.9% compared to the same quarter last year.
FIZZ has been the subject of several recent analyst reports. BidaskClub lowered shares of National Beverage from a “buy” rating to a “hold” rating in a report on Wednesday, December 27th. Susquehanna Bancshares reissued a “buy” rating and set a $173.00 price objective on shares of National Beverage in a report on Thursday, January 25th. Maxim Group raised their price objective on shares of National Beverage from $40.00 to $45.00 and gave the stock a “sell” rating in a report on Friday, March 9th. Finally, Imperial Capital initiated coverage on shares of National Beverage in a report on Monday. They set an “outperform” rating and a $125.00 price objective for the company. Two research analysts have rated the stock with a sell rating and four have given a buy rating to the company. The company presently has an average rating of “Hold” and an average target price of $100.00.
About National Beverage
National Beverage Corp., through its subsidiaries, develops, produces, markets, and sells a portfolio of flavored beverage products in North America and internationally. The company offers beverages to the active and health-conscious consumers, including sparkling waters under the LaCroix, LaCroix Cúrate, LaCroix NiCola, and Shasta Sparkling Water brand names; energy drinks and shots under the Rip It brand name; juice and juice-based products under the Everfresh, Everfresh Premier Varietals, and Mr.
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