11,839 Shares in National Beverage Corp. (NASDAQ:FIZZ) Acquired by Quantbot Technologies LP

Quantbot Technologies LP acquired a new stake in National Beverage Corp. (NASDAQ:FIZZ) in the 3rd quarter, HoldingsChannel.com reports. The fund acquired 11,839 shares of the company’s stock, valued at approximately $556,000.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the stock. Canada Pension Plan Investment Board acquired a new stake in shares of National Beverage during the 2nd quarter valued at $31,000. Quarry LP boosted its stake in shares of National Beverage by 584.9% during the second quarter. Quarry LP now owns 637 shares of the company’s stock valued at $33,000 after purchasing an additional 544 shares in the last quarter. Blue Trust Inc. grew its holdings in shares of National Beverage by 323.0% during the third quarter. Blue Trust Inc. now owns 643 shares of the company’s stock worth $33,000 after purchasing an additional 491 shares during the last quarter. Quest Partners LLC acquired a new position in shares of National Beverage in the second quarter valued at approximately $34,000. Finally, Headlands Technologies LLC raised its holdings in National Beverage by 760.2% in the 2nd quarter. Headlands Technologies LLC now owns 843 shares of the company’s stock valued at $43,000 after buying an additional 745 shares during the last quarter. Institutional investors own 23.95% of the company’s stock.

National Beverage Stock Up 1.1 %

NASDAQ FIZZ opened at $49.91 on Tuesday. The company has a market capitalization of $4.67 billion, a price-to-earnings ratio of 25.34 and a beta of 0.83. National Beverage Corp. has a twelve month low of $42.85 and a twelve month high of $53.58. The stock has a fifty day simple moving average of $46.96 and a 200 day simple moving average of $47.25.

National Beverage (NASDAQ:FIZZ) last issued its quarterly earnings results on Thursday, September 5th. The company reported $0.61 earnings per share for the quarter, beating the consensus estimate 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%.

Analyst Upgrades and Downgrades

Separately, UBS Group reduced their target price 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.

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.