National Beverage Corp. $FIZZ Shares Sold by DAVENPORT & Co LLC

DAVENPORT & Co LLC lessened its stake in National Beverage Corp. (NASDAQ:FIZZ) by 1.1% in the 2nd quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 28,323 shares of the company’s stock after selling 320 shares during the quarter. DAVENPORT & Co LLC’s holdings in National Beverage were worth $1,225,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in FIZZ. GAMMA Investing LLC increased its stake in National Beverage by 29.2% during the first quarter. GAMMA Investing LLC now owns 2,060 shares of the company’s stock worth $86,000 after acquiring an additional 466 shares during the last quarter. Exchange Traded Concepts LLC boosted its holdings in National Beverage by 12.1% in the first quarter. Exchange Traded Concepts LLC now owns 44,328 shares of the company’s stock valued at $1,841,000 after purchasing an additional 4,769 shares during the period. Golden State Wealth Management LLC boosted its holdings in National Beverage by 102.4% in the first quarter. Golden State Wealth Management LLC now owns 830 shares of the company’s stock valued at $34,000 after purchasing an additional 420 shares during the period. Diversified Trust Co purchased a new position in National Beverage in the first quarter valued at $212,000. Finally, Teacher Retirement System of Texas lifted its holdings in shares of National Beverage by 99.2% in the 1st quarter. Teacher Retirement System of Texas now owns 101,627 shares of the company’s stock valued at $4,222,000 after purchasing an additional 50,605 shares during the last quarter. Institutional investors and hedge funds own 23.95% of the company’s stock.

National Beverage Stock Performance

Shares of NASDAQ FIZZ opened at $37.13 on Friday. The stock has a fifty day moving average price of $41.04 and a two-hundred day moving average price of $43.22. The firm has a market cap of $3.48 billion, a P/E ratio of 18.66 and a beta of 0.63. National Beverage Corp. has a 1 year low of $36.14 and a 1 year high of $50.51.

National Beverage (NASDAQ:FIZZ) last issued its quarterly earnings results on Thursday, September 11th. The company reported $0.60 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.60. The firm had revenue of $330.52 million during the quarter, compared to analyst estimates of $354.18 million. National Beverage had a return on equity of 43.51% and a net margin of 15.45%.

Analyst Ratings Changes

Several equities analysts have recently commented on FIZZ shares. Weiss Ratings reaffirmed a “hold (c)” rating on shares of National Beverage in a research report on Wednesday. UBS Group dropped their price target on shares of National Beverage from $40.00 to $39.00 and set a “sell” rating on the stock in a research note on Monday, September 15th. One analyst has rated the stock with a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of “Reduce” and a consensus price target of $39.00.

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.