Nuveen Asset Management LLC purchased a new stake in National Beverage Corp. (NASDAQ:FIZZ) during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor purchased 242,850 shares of the company’s stock, valued at approximately $10,838,000. Nuveen Asset Management LLC owned about 0.52% of National Beverage as of its most recent filing with the Securities and Exchange Commission.
A number of other institutional investors and hedge funds also recently made changes to their positions in the stock. Morgan Stanley grew its holdings in shares of National Beverage by 314.4% during the 2nd quarter. Morgan Stanley now owns 588,296 shares of the company’s stock worth $26,255,000 after purchasing an additional 446,322 shares during the period. Prudential Financial Inc. lifted its position in 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 acquiring an additional 231,028 shares in the last quarter. Renaissance Technologies LLC lifted its position in 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 acquiring an additional 187,000 shares in the last quarter. Man Group plc lifted its position in National Beverage by 50.8% in the 2nd quarter. Man Group plc now owns 533,589 shares of the company’s stock valued at $23,814,000 after acquiring an additional 179,734 shares in the last quarter. Finally, AQR Capital Management LLC lifted its position in National Beverage by 350.7% in the 2nd quarter. AQR Capital Management LLC now owns 216,585 shares of the company’s stock valued at $9,666,000 after acquiring an additional 168,533 shares in the last quarter. Institutional investors and hedge funds own 32.99% of the company’s stock.
Several equities analysts have recently issued reports on the stock. Maxim Group reaffirmed a “hold” rating on shares of National Beverage in a research note on Thursday, June 27th. Imperial Capital reissued an “outperform” rating and set a $65.00 price target (down from $150.00) on shares of National Beverage in a research report on Monday, July 1st. Zacks Investment Research lowered shares of National Beverage from a “hold” rating to a “sell” rating in a research report on Monday, September 9th. ValuEngine raised shares of National Beverage from a “hold” rating to a “buy” rating in a research report on Friday, October 4th. Finally, UBS Group dropped their price target 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. Three equities research analysts have rated the stock with a sell rating, four have assigned a hold rating and three have given a buy rating to the company’s stock. National Beverage presently has a consensus rating of “Hold” and an average target price of $57.31.
Shares of FIZZ opened at $49.09 on Friday. The firm has a market cap of $2.18 billion, a price-to-earnings ratio of 17.21, a PEG ratio of 9.31 and a beta of 1.32. The company has a debt-to-equity ratio of 0.12, a quick ratio of 2.50 and a current ratio of 3.12. National Beverage Corp. has a fifty-two week low of $38.28 and a fifty-two week high of $103.61. The firm has a 50 day moving average price of $43.98 and a 200-day moving average price of $47.64.
National Beverage (NASDAQ:FIZZ) last released its earnings results on Thursday, September 5th. The company reported $0.74 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.77 by ($0.03). The business had revenue of $263.57 million during the quarter, compared to analysts’ expectations of $272.85 million. National Beverage had a return on equity of 35.66% and a net margin of 12.85%. The firm’s quarterly revenue was down 9.9% compared to the same quarter last year. During the same period in the prior year, the company earned $1.04 earnings per share. As a group, equities research analysts predict that National Beverage Corp. will post 2.51 earnings per share for the current year.
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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