Capstone Investment Advisors LLC Takes $436,000 Position in National Beverage Corp. (NASDAQ:FIZZ)

Capstone Investment Advisors LLC bought a new position in shares of National Beverage Corp. (NASDAQ:FIZZ) in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor bought 9,298 shares of the company’s stock, valued at approximately $436,000.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Vanguard Group Inc. grew its stake in shares of National Beverage by 0.7% in the 1st quarter. Vanguard Group Inc. now owns 2,769,994 shares of the company’s stock valued at $131,464,000 after purchasing an additional 18,216 shares during the last quarter. CANADA LIFE ASSURANCE Co grew its position in National Beverage by 8.1% in the 1st quarter. CANADA LIFE ASSURANCE Co now owns 20,861 shares of the company’s stock valued at $989,000 after buying an additional 1,557 shares during the last quarter. Price T Rowe Associates Inc. MD increased its stake in National Beverage by 3.5% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 16,773 shares of the company’s stock valued at $797,000 after buying an additional 565 shares during the period. GAMMA Investing LLC raised its position in National Beverage by 45.0% during the 2nd quarter. GAMMA Investing LLC now owns 1,109 shares of the company’s stock worth $57,000 after buying an additional 344 shares during the last quarter. Finally, Linden Thomas Advisory Services LLC lifted its stake in shares of National Beverage by 12.3% in the 2nd quarter. Linden Thomas Advisory Services LLC now owns 36,340 shares of the company’s stock worth $1,862,000 after acquiring an additional 3,979 shares during the period. Hedge funds and other institutional investors own 23.95% of the company’s stock.

Analyst Upgrades and Downgrades

Separately, UBS Group dropped their price target on shares of National Beverage from $46.00 to $45.00 and set a “sell” rating on the stock in a research note on Tuesday, September 10th.

National Beverage Trading Down 0.4 %

Shares of FIZZ stock opened at $49.39 on Friday. National Beverage Corp. has a 12-month low of $42.85 and a 12-month high of $53.58. The company has a market cap of $4.62 billion, a price-to-earnings ratio of 25.07 and a beta of 0.83. The stock has a 50 day simple moving average of $46.88 and a 200-day simple moving average of $47.24.

National Beverage (NASDAQ:FIZZ) last released its earnings results on Thursday, September 5th. The company reported $0.61 EPS for the quarter, beating analysts’ consensus estimates of $0.60 by $0.01. The company had revenue of $329.47 million during the quarter. National Beverage had a return on equity of 39.91% and a net margin of 15.36%.

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.