Lazard Asset Management LLC Purchases 977 Shares of National Beverage Corp. (NASDAQ:FIZZ)

Lazard Asset Management LLC lifted its position in shares of National Beverage Corp. (NASDAQ:FIZZGet Rating) by 46.4% during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 3,084 shares of the company’s stock after buying an additional 977 shares during the quarter. Lazard Asset Management LLC’s holdings in National Beverage were worth $150,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also made changes to their positions in the company. Isthmus Partners LLC bought a new stake in National Beverage during the first quarter valued at about $1,812,000. Toroso Investments LLC bought a new stake in National Beverage during the first quarter valued at about $1,532,000. Natixis Advisors L.P. boosted its position in National Beverage by 9.1% during the first quarter. Natixis Advisors L.P. now owns 375,062 shares of the company’s stock valued at $16,315,000 after purchasing an additional 31,161 shares in the last quarter. Asset Management One Co. Ltd. bought a new stake in National Beverage during the second quarter valued at about $1,226,000. Finally, Healthcare of Ontario Pension Plan Trust Fund bought a new stake in National Beverage during the first quarter valued at about $1,061,000. Institutional investors own 24.27% of the company’s stock.

National Beverage Stock Performance

National Beverage stock opened at $52.56 on Tuesday. The stock has a 50-day moving average of $43.89 and a two-hundred day moving average of $48.01. National Beverage Corp. has a one year low of $38.10 and a one year high of $61.13. The stock has a market cap of $4.91 billion, a PE ratio of 35.28 and a beta of 1.09.

National Beverage (NASDAQ:FIZZGet Rating) last released its quarterly earnings results on Thursday, September 8th. The company reported $0.38 EPS for the quarter, missing analysts’ consensus estimates of $0.57 by ($0.19). National Beverage had a net margin of 12.25% and a return on equity of 48.49%. The business had revenue of $318.12 million during the quarter, compared to analysts’ expectations of $322.60 million. As a group, sell-side analysts predict that National Beverage Corp. will post 1.31 EPS for the current fiscal year.

Analysts Set New Price Targets

FIZZ has been the topic of a number of recent research reports. UBS Group dropped their price objective on National Beverage from $43.00 to $42.00 and set a “sell” rating on the stock in a research report on Monday, September 12th. StockNews.com initiated coverage on National Beverage in a research report on Wednesday, October 12th. They set a “hold” rating on the stock.

National Beverage Company Profile

(Get Rating)

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 offers beverages to the active and health-conscious consumers, including sparkling waters, energy drinks, and juices under the LaCroix, LaCroix Cúrate, LaCroix NiCola, Clear Fruit, Rip It, Everfresh, Everfresh Premier Varietals, and Mr.

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Institutional Ownership by Quarter for National Beverage (NASDAQ:FIZZ)

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