National Beverage Corp. (NASDAQ:FIZZ) Stake Raised by RK Asset Management LLC

RK Asset Management LLC grew its stake in shares of National Beverage Corp. (NASDAQ:FIZZ) by 2.5% during the 3rd quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 184,527 shares of the company’s stock after purchasing an additional 4,426 shares during the period. National Beverage makes up about 7.9% of RK Asset Management LLC’s holdings, making the stock its 4th largest position. RK Asset Management LLC owned about 0.40% of National Beverage worth $8,186,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors also recently modified their holdings of FIZZ. Kayne Anderson Rudnick Investment Management LLC boosted its position in shares of National Beverage by 1.8% during the 1st quarter. Kayne Anderson Rudnick Investment Management LLC now owns 849,115 shares of the company’s stock worth $49,019,000 after purchasing an additional 14,979 shares in the last quarter. WINTON GROUP Ltd boosted its position in shares of National Beverage by 32.6% during the 2nd quarter. WINTON GROUP Ltd now owns 8,120 shares of the company’s stock worth $362,000 after purchasing an additional 1,995 shares in the last quarter. Lourd Capital LLC purchased a new stake in shares of National Beverage in the 2nd quarter worth about $207,000. Capital Impact Advisors LLC boosted its position in shares of National Beverage by 94.9% in the 2nd quarter. Capital Impact Advisors LLC now owns 38,678 shares of the company’s stock worth $1,704,000 after buying an additional 18,828 shares in the last quarter. Finally, FDx Advisors Inc. purchased a new stake in shares of National Beverage in the 2nd quarter worth about $297,000. Institutional investors own 32.99% of the company’s stock.

Several equities research analysts recently commented on FIZZ shares. Imperial Capital reiterated an “outperform” rating and issued a $65.00 price objective (down from $150.00) on shares of National Beverage in a research report on Monday, July 1st. Maxim Group reiterated a “hold” rating on shares of National Beverage in a research report on Thursday, June 27th. Jefferies Financial Group decreased their price objective on shares of National Beverage from $34.00 to $33.00 and set an “underperform” rating on the stock in a research report on Thursday, June 27th. ValuEngine upgraded shares of National Beverage from a “hold” rating to a “buy” rating in a research report on Friday, October 4th. Finally, Zacks Investment Research lowered shares of National Beverage from a “hold” rating to a “sell” rating in a research report on Monday, September 9th. Three research analysts have rated the stock with a sell rating, four have issued a hold rating and three have assigned a buy rating to the stock. The stock has an average rating of “Hold” and a consensus price target of $57.31.

NASDAQ:FIZZ traded up $1.36 on Friday, reaching $49.40. The stock had a trading volume of 78,312 shares, compared to its average volume of 400,820. The company has a market cap of $2.27 billion, a price-to-earnings ratio of 16.47, a P/E/G ratio of 9.15 and a beta of 1.32. 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 firm’s fifty day moving average is $43.82 and its two-hundred day moving average is $47.68. National Beverage Corp. has a 12-month low of $38.28 and a 12-month high of $103.61.

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

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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