Versor Investments LP Purchases Shares of 7,500 National Beverage Corp. $FIZZ

Versor Investments LP purchased a new stake in National Beverage Corp. (NASDAQ:FIZZ) during the second quarter, HoldingsChannel.com reports. The firm purchased 7,500 shares of the company’s stock, valued at approximately $324,000.

A number of other hedge funds also recently made changes to their positions in the stock. Teacher Retirement System of Texas boosted its holdings in shares of National Beverage by 4.7% in the 2nd quarter. Teacher Retirement System of Texas now owns 106,421 shares of the company’s stock valued at $4,602,000 after purchasing an additional 4,794 shares during the last quarter. VIRGINIA RETIREMENT SYSTEMS ET Al acquired a new position in shares of National Beverage in the 2nd quarter valued at $1,712,000. Nordea Investment Management AB boosted its holdings in shares of National Beverage by 1.6% in the 2nd quarter. Nordea Investment Management AB now owns 67,384 shares of the company’s stock valued at $2,889,000 after purchasing an additional 1,054 shares during the last quarter. Vanguard Personalized Indexing Management LLC boosted its holdings in shares of National Beverage by 56.2% in the 2nd quarter. Vanguard Personalized Indexing Management LLC now owns 8,634 shares of the company’s stock valued at $373,000 after purchasing an additional 3,106 shares during the last quarter. Finally, Callan Family Office LLC acquired a new position in shares of National Beverage in the 2nd quarter valued at $289,000. Institutional investors and hedge funds own 23.95% of the company’s stock.

Analyst Upgrades and Downgrades

Several research firms recently weighed in on FIZZ. Weiss Ratings restated a “hold (c-)” rating on shares of National Beverage in a report on Friday, October 31st. UBS Group reduced their target price on shares of National Beverage from $40.00 to $39.00 and set a “sell” rating on the stock in a report on Monday, September 15th. One research analyst has rated the stock with a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat, National Beverage has a consensus rating of “Reduce” and an average price target of $39.00.

National Beverage Price Performance

Shares of FIZZ stock opened at $33.50 on Thursday. National Beverage Corp. has a 12 month low of $32.21 and a 12 month high of $50.51. The firm has a market capitalization of $3.14 billion, a P/E ratio of 16.83 and a beta of 0.68. The company’s fifty day moving average price is $37.38 and its two-hundred day moving average price is $42.29.

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