Sherbrooke Park Advisers LLC Makes New $228,000 Investment in National Beverage Corp. (NASDAQ:FIZZ)

Sherbrooke Park Advisers LLC acquired a new position in shares of National Beverage Corp. (NASDAQ:FIZZ) during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund acquired 5,335 shares of the company’s stock, valued at approximately $228,000.

Several other institutional investors and hedge funds have also recently bought and sold shares of the stock. Schroder Investment Management Group purchased a new position in National Beverage during the 4th quarter valued at about $608,000. Allspring Global Investments Holdings LLC grew its stake in National Beverage by 1,292.0% during the 4th quarter. Allspring Global Investments Holdings LLC now owns 27,270 shares of the company’s stock valued at $1,156,000 after acquiring an additional 25,311 shares in the last quarter. JPMorgan Chase & Co. grew its stake in National Beverage by 151.4% during the 4th quarter. JPMorgan Chase & Co. now owns 133,050 shares of the company’s stock valued at $5,677,000 after acquiring an additional 80,126 shares in the last quarter. Charles Schwab Investment Management Inc. grew its stake in National Beverage by 2.7% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 271,658 shares of the company’s stock valued at $11,592,000 after acquiring an additional 7,075 shares in the last quarter. Finally, Barclays PLC grew its stake in National Beverage by 389.9% during the 3rd quarter. Barclays PLC now owns 41,810 shares of the company’s stock valued at $1,962,000 after acquiring an additional 33,275 shares in the last quarter. Institutional investors and hedge funds own 23.95% of the company’s stock.

Analyst Ratings Changes

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

Insider Activity at National Beverage

In related news, Director Stanley Michael Sheridan sold 8,000 shares of the business’s stock in a transaction that occurred on Tuesday, April 15th. The stock was sold at an average price of $43.40, for a total value of $347,200.00. Following the completion of the sale, the director now owns 62,408 shares of the company’s stock, valued at approximately $2,708,507.20. The trade was a 11.36% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this link. 74.80% of the stock is currently owned by company insiders.

National Beverage Price Performance

NASDAQ:FIZZ opened at $45.60 on Wednesday. National Beverage Corp. has a fifty-two week low of $38.25 and a fifty-two week high of $53.48. The stock’s 50-day moving average is $42.67 and its two-hundred day moving average is $43.60. 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 announced 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). The firm had revenue of $267.05 million during the quarter, compared to the consensus estimate of $282.22 million. National Beverage had a net margin of 15.63% and a return on equity of 42.80%.

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.