Envestnet Asset Management Inc. Has $8.51 Million Holdings in National Beverage Corp. (NASDAQ:FIZZ)

Envestnet Asset Management Inc. trimmed its position in National Beverage Corp. (NASDAQ:FIZZ) by 2.6% during the first quarter, according to its most recent 13F filing with the SEC. The fund owned 204,959 shares of the company’s stock after selling 5,532 shares during the period. Envestnet Asset Management Inc. owned about 0.22% of National Beverage worth $8,514,000 as of its most recent filing with the SEC.

A number of other hedge funds have also recently bought and sold shares of the company. Golden State Wealth Management LLC boosted its position in shares of National Beverage by 102.4% in the 1st quarter. Golden State Wealth Management LLC now owns 830 shares of the company’s stock worth $34,000 after purchasing an additional 420 shares during the last quarter. Lazard Asset Management LLC bought a new position in shares of National Beverage in the 4th quarter worth $52,000. Parallel Advisors LLC boosted its position in shares of National Beverage by 307.6% in the 1st quarter. Parallel Advisors LLC now owns 1,333 shares of the company’s stock worth $55,000 after purchasing an additional 1,006 shares during the last quarter. Tower Research Capital LLC TRC boosted its position in shares of National Beverage by 38.3% in the 4th quarter. Tower Research Capital LLC TRC now owns 1,499 shares of the company’s stock worth $64,000 after purchasing an additional 415 shares during the last quarter. Finally, Quarry LP raised its stake in National Beverage by 6,875.0% during the 4th quarter. Quarry LP now owns 1,674 shares of the company’s stock worth $71,000 after buying an additional 1,650 shares during the period. 23.95% of the stock is currently owned by institutional investors.

National Beverage Price Performance

FIZZ opened at $46.54 on Tuesday. The company has a fifty day moving average price of $44.87 and a 200-day moving average price of $42.94. The firm has a market capitalization of $4.36 billion, a P/E ratio of 23.27 and a beta of 0.81. National Beverage Corp. has a one year low of $38.25 and a one year high of $51.00.

National Beverage (NASDAQ:FIZZ) last announced its earnings results on Wednesday, July 2nd. The company reported $0.48 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.48. National Beverage had a net margin of 15.55% and a return on equity of 49.48%. The company had revenue of $313.63 million during the quarter, compared to analyst estimates of $303.26 million. During the same period in the previous year, the business earned $0.47 earnings per share.

Wall Street Analysts Forecast Growth

Separately, UBS Group raised their price objective on National Beverage from $42.00 to $45.00 and gave the company a “sell” rating in a report on Monday, July 7th.

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.