Values First Advisors Inc. Sells 2,457 Shares of National Beverage Corp. $FIZZ

Values First Advisors Inc. lowered its stake in shares of National Beverage Corp. (NASDAQ:FIZZ) by 5.7% during the 2nd quarter, HoldingsChannel.com reports. The firm owned 40,323 shares of the company’s stock after selling 2,457 shares during the quarter. Values First Advisors Inc.’s holdings in National Beverage were worth $1,744,000 at the end of the most recent quarter.

Several other large investors have also recently modified their holdings of FIZZ. Millennium Management LLC increased its position in shares of National Beverage by 485.3% during the 1st quarter. Millennium Management LLC now owns 275,644 shares of the company’s stock valued at $11,450,000 after purchasing an additional 228,553 shares during the last quarter. Edgestream Partners L.P. bought a new position in shares of National Beverage during the 1st quarter valued at approximately $7,302,000. Nuveen LLC bought a new position in shares of National Beverage during the 1st quarter valued at approximately $2,773,000. Jacobs Levy Equity Management Inc. bought a new position in shares of National Beverage during the 1st quarter valued at approximately $2,504,000. Finally, Invesco Ltd. increased its position in shares of National Beverage by 36.8% during the 1st quarter. Invesco Ltd. now owns 218,300 shares of the company’s stock valued at $9,068,000 after purchasing an additional 58,670 shares during the last quarter. Institutional investors own 23.95% of the company’s stock.

Analysts Set New Price Targets

Several equities analysts have recently weighed in on FIZZ shares. Weiss Ratings reissued a “hold (c)” rating on shares of National Beverage in a research report on Wednesday, October 8th. UBS Group dropped their price objective on National Beverage from $40.00 to $39.00 and set a “sell” rating for the company in a report on Monday, September 15th. One investment analyst has rated the stock with a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Reduce” and an average target price of $39.00.

National Beverage Stock Up 1.4%

FIZZ opened at $36.55 on Friday. The business has a fifty day moving average of $40.22 and a 200 day moving average of $43.08. National Beverage Corp. has a 52-week low of $35.66 and a 52-week high of $50.51. The stock has a market cap of $3.42 billion, a P/E ratio of 18.37 and a beta of 0.63.

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

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.