Versor Investments LP Acquires New Position in National Beverage Corp. $FIZZ

Versor Investments LP acquired a new stake in National Beverage Corp. (NASDAQ:FIZZ) in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 7,500 shares of the company’s stock, valued at approximately $324,000.

A number of other hedge funds have also recently added to or reduced their stakes in FIZZ. Millennium Management LLC lifted its position in National Beverage by 485.3% in the first quarter. Millennium Management LLC now owns 275,644 shares of the company’s stock valued at $11,450,000 after purchasing an additional 228,553 shares during the period. Edgestream Partners L.P. acquired a new stake in shares of National Beverage during the 1st quarter valued at approximately $7,302,000. Nuveen LLC acquired a new stake in shares of National Beverage during the 1st quarter valued at approximately $2,773,000. Jacobs Levy Equity Management Inc. acquired a new stake in shares of National Beverage during the 1st quarter valued at approximately $2,504,000. Finally, Invesco Ltd. lifted its position in shares of National Beverage by 36.8% during the 1st quarter. Invesco Ltd. now owns 218,300 shares of the company’s stock valued at $9,068,000 after acquiring an additional 58,670 shares during the period. Institutional investors and hedge funds own 23.95% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently issued reports on the stock. UBS Group reduced their price target on shares of National Beverage from $40.00 to $39.00 and set a “sell” rating for the company in a research report on Monday, September 15th. Weiss Ratings reiterated a “hold (c-)” rating on shares of National Beverage in a research report on Friday, October 31st. One analyst has rated the stock with a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat.com, National Beverage currently has an average rating of “Reduce” and an average price target of $39.00.

National Beverage Stock Performance

FIZZ stock opened at $33.50 on Thursday. The stock has a market capitalization of $3.14 billion, a P/E ratio of 16.83 and a beta of 0.68. National Beverage Corp. has a one year low of $32.21 and a one year high of $50.51. The company has a 50 day moving average price of $37.38 and a two-hundred day moving average price of $42.29.

National Beverage (NASDAQ:FIZZ) last released its earnings results on Thursday, September 11th. The company reported $0.60 EPS for the quarter, hitting the consensus estimate of $0.60. The firm had revenue of $330.52 million during the quarter, compared to analysts’ expectations of $354.18 million. National Beverage had a net margin of 15.45% and a return on equity of 43.51%.

About National Beverage

National Beverage Corp., through its subsidiaries, develops, produces, markets, and sells a portfolio of sparkling waters, juices, energy drinks, and carbonated soft drinks primarily in the United States and Canada. The company's Power+ brand portfolio offers sparkling water products under the LaCroix, LaCroix Cúrate, and LaCroix NiCola; non-carbonated flavored water under the Clear Fruit; energy drink and shots under the Rip It; juice and juice-based products under Everfresh, Everfresh Premier Varietals, and Mr.