National Beverage Corp. $FIZZ Shares Bought by Gamco Investors INC. ET AL

Gamco Investors INC. ET AL grew its stake in shares of National Beverage Corp. (NASDAQ:FIZZ) by 57.0% in the fourth quarter, according to its most recent filing with the SEC. The fund owned 119,031 shares of the company’s stock after acquiring an additional 43,203 shares during the period. Gamco Investors INC. ET AL’s holdings in National Beverage were worth $3,796,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently modified their holdings of FIZZ. Royal Bank of Canada lifted its position in shares of National Beverage by 8.1% during the 1st quarter. Royal Bank of Canada now owns 18,266 shares of the company’s stock valued at $758,000 after acquiring an additional 1,363 shares during the last quarter. AQR Capital Management LLC lifted its position in shares of National Beverage by 33.5% during the 1st quarter. AQR Capital Management LLC now owns 19,886 shares of the company’s stock valued at $826,000 after acquiring an additional 4,990 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its position in shares of National Beverage by 4.6% during the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 13,973 shares of the company’s stock valued at $580,000 after acquiring an additional 620 shares during the last quarter. Millennium Management LLC lifted its position in shares of National Beverage by 485.3% during the 1st quarter. Millennium Management LLC now owns 275,644 shares of the company’s stock valued at $11,450,000 after acquiring an additional 228,553 shares during the last quarter. Finally, Jane Street Group LLC lifted its position in shares of National Beverage by 12,294.9% during the 1st quarter. Jane Street Group LLC now owns 48,292 shares of the company’s stock valued at $2,006,000 after acquiring an additional 48,688 shares during the last quarter. Institutional investors and hedge funds own 23.95% of the company’s stock.

National Beverage Stock Up 1.6%

Shares of NASDAQ:FIZZ opened at $35.27 on Thursday. The company’s fifty day moving average is $34.31 and its two-hundred day moving average is $34.20. National Beverage Corp. has a 12-month low of $31.21 and a 12-month high of $47.89. The company has a market cap of $3.30 billion, a P/E ratio of 17.55 and a beta of 0.74.

National Beverage (NASDAQ:FIZZ) last announced its earnings results on Thursday, March 12th. The company reported $0.44 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.44. National Beverage had a net margin of 15.71% and a return on equity of 36.00%. The company had revenue of $264.59 million for the quarter, compared to the consensus estimate of $271.06 million.

Wall Street Analyst Weigh In

FIZZ has been the topic of several recent analyst reports. Weiss Ratings reissued a “sell (d+)” rating on shares of National Beverage in a research note on Friday, March 27th. UBS Group boosted their target price on shares of National Beverage from $34.00 to $35.00 and gave the company a “sell” rating in a research note on Monday, March 16th. Two analysts have rated the stock with a Sell rating, According to data from MarketBeat, National Beverage has an average rating of “Sell” and an average target price of $35.00.

About National Beverage

National Beverage Corp. (NASDAQ: FIZZ) is a U.S.-based beverage company specializing in the development, marketing and production of nonalcoholic refreshment products. The company’s portfolio includes a range of sparkling waters, soft drinks and energy beverages designed for a variety of consumer tastes and dietary preferences. Through in-house bottling operations and strategic partnerships with co-packers, National Beverage manages production from flavor formulation to final packaging and distribution.

Founded in 1985, National Beverage has broadened its product lineup over the decades through both organic brand introductions and selective acquisitions.