Los Angeles Capital Management LLC Invests $213,000 in National Beverage Corp. (NASDAQ:FIZZ)

Los Angeles Capital Management LLC purchased a new stake in National Beverage Corp. (NASDAQ:FIZZ) during the third quarter, HoldingsChannel reports. The firm purchased 4,529 shares of the company’s stock, valued at approximately $213,000.

Several other hedge funds have also added to or reduced their stakes in the business. Canada Pension Plan Investment Board acquired a new position in shares of National Beverage in the second quarter valued at $31,000. Quarry LP boosted its holdings in shares of National Beverage by 584.9% during the 2nd quarter. Quarry LP now owns 637 shares of the company’s stock worth $33,000 after buying an additional 544 shares during the period. Blue Trust Inc. grew its stake in National Beverage by 323.0% in the 3rd quarter. Blue Trust Inc. now owns 643 shares of the company’s stock valued at $33,000 after buying an additional 491 shares during the last quarter. Quest Partners LLC bought a new position in National Beverage in the 2nd quarter valued at about $34,000. Finally, Headlands Technologies LLC lifted its position in National Beverage by 760.2% during the second quarter. Headlands Technologies LLC now owns 843 shares of the company’s stock worth $43,000 after acquiring an additional 745 shares during the last quarter. Institutional investors and hedge funds own 23.95% of the company’s stock.

Analyst Ratings Changes

Separately, UBS Group reduced their price target on National Beverage from $46.00 to $45.00 and set a “sell” rating for the company in a research note on Tuesday, September 10th.

National Beverage Stock Performance

FIZZ opened at $47.32 on Tuesday. The firm has a market cap of $4.43 billion, a P/E ratio of 24.47 and a beta of 0.83. The business’s fifty day moving average is $46.23 and its 200-day moving average is $47.16. National Beverage Corp. has a 52-week low of $42.85 and a 52-week high of $53.58.

National Beverage (NASDAQ:FIZZ) last announced its quarterly earnings data on Thursday, September 5th. The company reported $0.61 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.60 by $0.01. The firm had revenue of $329.47 million for the quarter. National Beverage had a net margin of 15.36% and a return on equity of 39.91%.

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.