Denali Advisors LLC Grows Stake in National Beverage Corp. $FIZZ

Denali Advisors LLC raised its stake in National Beverage Corp. (NASDAQ:FIZZ) by 22.2% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 222,762 shares of the company’s stock after acquiring an additional 40,500 shares during the quarter. Denali Advisors LLC’s holdings in National Beverage were worth $7,104,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in FIZZ. Hantz Financial Services Inc. boosted its stake in National Beverage by 366.8% in the third quarter. Hantz Financial Services Inc. now owns 859 shares of the company’s stock valued at $32,000 after acquiring an additional 675 shares during the last quarter. AlphaQuest LLC purchased a new position in National Beverage in the third quarter valued at about $33,000. Brown Brothers Harriman & Co. boosted its stake in National Beverage by 213.5% in the third quarter. Brown Brothers Harriman & Co. now owns 1,066 shares of the company’s stock valued at $39,000 after acquiring an additional 726 shares during the last quarter. Advisory Services Network LLC purchased a new position in National Beverage in the third quarter valued at about $39,000. Finally, WealthCollab LLC boosted its stake in National Beverage by 502.8% in the fourth quarter. WealthCollab LLC now owns 1,296 shares of the company’s stock valued at $41,000 after acquiring an additional 1,081 shares during the last quarter. 23.95% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

FIZZ has been the subject of several analyst reports. Weiss Ratings reaffirmed a “sell (d+)” rating on shares of National Beverage in a report on Friday, March 27th. UBS Group lifted their price objective on shares of National Beverage from $34.00 to $35.00 and gave the company a “sell” rating in a research note on Monday, March 16th. Two investment analysts have rated the stock with a Sell rating, According to MarketBeat.com, National Beverage presently has a consensus rating of “Sell” and an average price target of $35.00.

National Beverage Trading Down 0.1%

National Beverage stock opened at $35.14 on Friday. National Beverage Corp. has a 1-year low of $31.21 and a 1-year high of $47.89. The firm has a market capitalization of $3.29 billion, a price-to-earnings ratio of 17.48 and a beta of 0.74. The firm has a 50 day simple moving average of $34.62 and a 200 day simple moving average of $34.21.

National Beverage (NASDAQ:FIZZ) last released its quarterly earnings data on Thursday, March 12th. The company reported $0.44 earnings per share for the quarter, meeting analysts’ consensus estimates of $0.44. National Beverage had a net margin of 15.71% and a return on equity of 36.00%. The business had revenue of $264.59 million during the quarter, compared to analyst estimates of $271.06 million.

About National Beverage

National Beverage Corp. (NASDAQ: FIZZ) is a U.S.-based beverage company specializing in the development, marketing and production of nonalcoholic refreshment products. The company’s portfolio includes a range of sparkling waters, soft drinks and energy beverages designed for a variety of consumer tastes and dietary preferences. Through in-house bottling operations and strategic partnerships with co-packers, National Beverage manages production from flavor formulation to final packaging and distribution.

Founded in 1985, National Beverage has broadened its product lineup over the decades through both organic brand introductions and selective acquisitions.