AQR Capital Management LLC Boosts Stock Holdings in National Beverage Corp. (NASDAQ:FIZZ)

AQR Capital Management LLC raised its holdings in National Beverage Corp. (NASDAQ:FIZZ) by 7.2% during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 9,066 shares of the company’s stock after purchasing an additional 612 shares during the quarter. AQR Capital Management LLC’s holdings in National Beverage were worth $465,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the business. Vanguard Group Inc. grew its holdings in shares of National Beverage by 1.8% in the 4th quarter. Vanguard Group Inc. now owns 2,751,778 shares of the company’s stock worth $136,818,000 after acquiring an additional 49,441 shares during the period. Dimensional Fund Advisors LP boosted its position in National Beverage by 3.7% during the second quarter. Dimensional Fund Advisors LP now owns 1,145,227 shares of the company’s stock worth $58,680,000 after purchasing an additional 40,488 shares in the last quarter. Denali Advisors LLC grew its holdings in National Beverage by 36.1% in the second quarter. Denali Advisors LLC now owns 115,100 shares of the company’s stock valued at $5,898,000 after purchasing an additional 30,500 shares during the last quarter. Squarepoint Ops LLC increased its position in shares of National Beverage by 307.6% in the second quarter. Squarepoint Ops LLC now owns 35,673 shares of the company’s stock valued at $1,828,000 after buying an additional 26,920 shares in the last quarter. Finally, Envestnet Asset Management Inc. raised its stake in shares of National Beverage by 13.7% during the 2nd quarter. Envestnet Asset Management Inc. now owns 221,247 shares of the company’s stock worth $11,337,000 after buying an additional 26,729 shares during the last quarter. Institutional investors and hedge funds own 23.95% of the company’s stock.

National Beverage Stock Performance

National Beverage stock opened at $45.98 on Wednesday. The company has a market cap of $4.30 billion, a price-to-earnings ratio of 24.33 and a beta of 0.82. National Beverage Corp. has a 1 year low of $42.85 and a 1 year high of $53.58. The firm has a 50 day moving average price of $45.58 and a 200 day moving average price of $47.02.

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

Wall Street Analysts Forecast Growth

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

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.