National Beverage Corp. $FIZZ Shares Sold by Denali Advisors LLC

Denali Advisors LLC lessened its holdings in National Beverage Corp. (NASDAQ:FIZZ) by 14.3% in the 2nd quarter, Holdings Channel.com reports. The fund owned 140,050 shares of the company’s stock after selling 23,350 shares during the period. Denali Advisors LLC’s holdings in National Beverage were worth $6,056,000 as of its most recent SEC filing.

Other institutional investors have also added to or reduced their stakes in the company. GAMMA Investing LLC lifted its holdings in shares of National Beverage by 29.2% during the first quarter. GAMMA Investing LLC now owns 2,060 shares of the company’s stock worth $86,000 after purchasing an additional 466 shares during the period. Golden State Wealth Management LLC lifted its holdings in shares of National Beverage by 102.4% during the first quarter. Golden State Wealth Management LLC now owns 830 shares of the company’s stock worth $34,000 after purchasing an additional 420 shares during the period. Diversified Trust Co acquired a new position in National Beverage in the first quarter valued at approximately $212,000. Teacher Retirement System of Texas lifted its holdings in National Beverage by 99.2% in the first quarter. Teacher Retirement System of Texas now owns 101,627 shares of the company’s stock valued at $4,222,000 after acquiring an additional 50,605 shares during the period. Finally, Principal Financial Group Inc. lifted its holdings in National Beverage by 2.4% in the first quarter. Principal Financial Group Inc. now owns 116,874 shares of the company’s stock valued at $4,855,000 after acquiring an additional 2,684 shares during the period. Institutional investors and hedge funds own 23.95% of the company’s stock.

National Beverage Price Performance

National Beverage stock opened at $36.50 on Wednesday. The stock has a market capitalization of $3.42 billion, a PE ratio of 18.34 and a beta of 0.63. National Beverage Corp. has a 12 month low of $35.66 and a 12 month high of $50.51. The business has a 50 day simple moving average of $39.62 and a 200-day simple moving average of $42.97.

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

Analyst Upgrades and Downgrades

A number of research analysts have issued reports on the company. Weiss Ratings reissued a “hold (c)” rating on shares of National Beverage in a report on Wednesday, October 8th. UBS Group decreased their price target on National Beverage from $40.00 to $39.00 and set a “sell” rating for the company in a report on Monday, September 15th. One research analyst has rated the stock with a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Reduce” and a consensus target price of $39.00.

National Beverage Company Profile

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.