Sherbrooke Park Advisers LLC Acquires New Holdings in National Beverage Corp. (NASDAQ:FIZZ)

Sherbrooke Park Advisers LLC acquired a new stake in shares of National Beverage Corp. (NASDAQ:FIZZ) during the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund acquired 5,335 shares of the company’s stock, valued at approximately $228,000.

Other hedge funds and other institutional investors have also modified their holdings of the company. Newbridge Financial Services Group Inc. bought a new stake in shares of National Beverage during the fourth quarter valued at about $40,000. Lazard Asset Management LLC bought a new stake in shares of National Beverage during the fourth quarter valued at about $52,000. KBC Group NV raised its stake in shares of National Beverage by 89.3% during the fourth quarter. KBC Group NV now owns 1,357 shares of the company’s stock valued at $58,000 after purchasing an additional 640 shares in the last quarter. Tower Research Capital LLC TRC raised its stake in shares of National Beverage by 38.3% during the fourth quarter. Tower Research Capital LLC TRC now owns 1,499 shares of the company’s stock valued at $64,000 after purchasing an additional 415 shares in the last quarter. Finally, Quarry LP raised its position in National Beverage by 6,875.0% in the fourth quarter. Quarry LP now owns 1,674 shares of the company’s stock worth $71,000 after acquiring an additional 1,650 shares in the last quarter. 23.95% of the stock is currently owned by institutional investors.

National Beverage Trading Up 1.3%

Shares of National Beverage stock opened at $45.60 on Wednesday. The company’s 50-day moving average price is $42.67 and its two-hundred day moving average price is $43.60. National Beverage Corp. has a 52 week low of $38.25 and a 52 week high of $53.48. The stock has a market cap of $4.27 billion, a PE ratio of 22.91 and a beta of 0.88.

National Beverage (NASDAQ:FIZZ) last issued its quarterly earnings results on Thursday, March 6th. The company reported $0.42 EPS for the quarter, missing the consensus estimate of $0.45 by ($0.03). National Beverage had a return on equity of 42.80% and a net margin of 15.63%. The business had revenue of $267.05 million during the quarter, compared to the consensus estimate of $282.22 million.

Analyst Ratings Changes

Separately, UBS Group dropped their price target on shares of National Beverage from $46.00 to $41.00 and set a “sell” rating on the stock in a research report on Thursday, February 27th.

Insiders Place Their Bets

In other National Beverage news, Director Stanley Michael Sheridan sold 8,000 shares of the business’s stock in a transaction dated Tuesday, April 15th. The stock was sold at an average price of $43.40, for a total transaction of $347,200.00. Following the sale, the director now owns 62,408 shares in the company, valued at approximately $2,708,507.20. The trade was a 11.36% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 74.80% of the stock is owned by company insiders.

National Beverage 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.