Swiss National Bank Boosts Position in National Beverage Corp. (NASDAQ:FIZZ)

Swiss National Bank raised its position in National Beverage Corp. (NASDAQ:FIZZ) by 2.4% during the second quarter, according to the company in its most recent disclosure with the SEC. The firm owned 21,700 shares of the company’s stock after acquiring an additional 500 shares during the quarter. Swiss National Bank’s holdings in National Beverage were worth $968,000 at the end of the most recent quarter.

A number of other hedge funds have also recently bought and sold shares of the business. BNP Paribas Arbitrage SA raised its holdings in National Beverage by 3,631.3% in the 1st quarter. BNP Paribas Arbitrage SA now owns 10,858 shares of the company’s stock worth $627,000 after purchasing an additional 10,567 shares during the period. Quadrant Capital Group LLC bought a new stake in shares of National Beverage during the 1st quarter valued at $25,000. Janney Montgomery Scott LLC lifted its stake in shares of National Beverage by 11.7% during the 1st quarter. Janney Montgomery Scott LLC now owns 5,837 shares of the company’s stock valued at $337,000 after buying an additional 611 shares in the last quarter. First Republic Investment Management Inc. lifted its stake in shares of National Beverage by 20.3% during the 1st quarter. First Republic Investment Management Inc. now owns 4,483 shares of the company’s stock valued at $259,000 after buying an additional 756 shares in the last quarter. Finally, Janus Henderson Group PLC boosted its holdings in National Beverage by 112.2% in the 1st quarter. Janus Henderson Group PLC now owns 9,390 shares of the company’s stock worth $542,000 after buying an additional 4,965 shares during the period. 32.97% of the stock is currently owned by institutional investors.

Shares of National Beverage stock traded down $0.38 during trading on Wednesday, reaching $45.17. 24,879 shares of the stock traded hands, compared to its average volume of 364,002. National Beverage Corp. has a 52-week low of $38.28 and a 52-week high of $124.94. The company has a debt-to-equity ratio of 0.12, a current ratio of 3.12 and a quick ratio of 2.50. The business has a fifty day simple moving average of $42.29 and a two-hundred day simple moving average of $50.27. The company has a market capitalization of $2.07 billion, a price-to-earnings ratio of 15.06, a P/E/G ratio of 8.84 and a beta of 1.29.

National Beverage (NASDAQ:FIZZ) last announced its quarterly earnings results on Thursday, September 5th. The company reported $0.74 EPS for the quarter, missing analysts’ consensus estimates of $0.77 by ($0.03). National Beverage had a net margin of 12.85% and a return on equity of 35.66%. The firm had revenue of $263.57 million for the quarter, compared to the consensus estimate of $272.85 million. During the same period in the previous year, the company posted $1.04 earnings per share. National Beverage’s quarterly revenue was down 9.9% on a year-over-year basis. On average, research analysts predict that National Beverage Corp. will post 2.51 earnings per share for the current fiscal year.

A number of brokerages have issued reports on FIZZ. Zacks Investment Research lowered National Beverage from a “hold” rating to a “sell” rating in a research note on Monday. BidaskClub lowered National Beverage from a “sell” rating to a “strong sell” rating in a research note on Friday, July 12th. Jefferies Financial Group lowered their price target on National Beverage from $34.00 to $33.00 and set an “underperform” rating on the stock in a report on Thursday, June 27th. Imperial Capital restated an “outperform” rating and issued a $65.00 price target (down from $150.00) on shares of National Beverage in a research note on Monday, July 1st. Finally, Maxim Group reaffirmed a “hold” rating on shares of National Beverage in a report on Thursday, June 27th. Four equities research analysts have rated the stock with a sell rating, four have given a hold rating and two have given a buy rating to the stock. The company has a consensus rating of “Hold” and an average target price of $57.31.

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

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