BNP Paribas Arbitrage SA grew its stake in National Beverage Corp. (NASDAQ:FIZZ) by 214.0% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 6,163 shares of the company’s stock after acquiring an additional 4,200 shares during the quarter. BNP Paribas Arbitrage SA’s holdings in National Beverage were worth $765,000 at the end of the most recent quarter.
Other large investors also recently made changes to their positions in the company. Quantbot Technologies LP purchased a new position in National Beverage during the 2nd quarter worth $173,000. Advisor Group Inc. grew its stake in National Beverage by 155.9% during the 2nd quarter. Advisor Group Inc. now owns 2,293 shares of the company’s stock worth $214,000 after buying an additional 1,397 shares during the last quarter. Essex Financial Services Inc. purchased a new position in National Beverage during the 3rd quarter worth $214,000. C M Bidwell & Associates Ltd. grew its stake in National Beverage by 10.7% during the 2nd quarter. C M Bidwell & Associates Ltd. now owns 2,325 shares of the company’s stock worth $218,000 after buying an additional 225 shares during the last quarter. Finally, Ballentine Partners LLC purchased a new position in National Beverage during the 2nd quarter worth $227,000. Institutional investors and hedge funds own 21.40% of the company’s stock.
National Beverage Corp. (NASDAQ FIZZ) opened at $106.14 on Tuesday. The stock has a market capitalization of $4,971.57, a PE ratio of 42.69 and a beta of 0.53. National Beverage Corp. has a fifty-two week low of $45.40 and a fifty-two week high of $129.82.
National Beverage (NASDAQ:FIZZ) last issued its quarterly earnings data on Thursday, September 7th. The company reported $0.82 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.74 by $0.08. The business had revenue of $259.83 million during the quarter. National Beverage had a return on equity of 49.70% and a net margin of 13.38%.
A number of analysts have commented on FIZZ shares. Maxim Group reaffirmed a “sell” rating and set a $40.00 price target (up previously from $33.00) on shares of National Beverage in a research report on Friday, September 8th. Susquehanna Bancshares set a $108.00 price target on National Beverage and gave the stock a “hold” rating in a research report on Monday, October 23rd. UBS raised National Beverage from a “neutral” rating to a “positive” rating in a research report on Monday, November 20th. Finally, BidaskClub raised National Beverage from a “hold” rating to a “buy” rating in a research report on Saturday. Two investment analysts have rated the stock with a sell rating and three have issued a buy rating to the company. The stock currently has an average rating of “Hold” and an average target price of $90.67.
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National Beverage Company Profile
National Beverage Corp. is a holding company. The Company develops, produces, markets and sells a diverse portfolio of flavored beverage products primarily in North America. The Company’s brands consist of beverages geared to the active and health-conscious consumer (Power+ Brands), including sparkling waters, energy drinks and juices, and carbonated soft drinks in a range of flavors, including regular, sugar-free and reduced calorie options.
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