26,295 Shares in National Beverage Corp. $FIZZ Bought by Cubist Systematic Strategies LLC

Cubist Systematic Strategies LLC acquired a new stake in shares of National Beverage Corp. (NASDAQ:FIZZ) during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm acquired 26,295 shares of the company’s stock, valued at approximately $1,092,000.

A number of other hedge funds also recently bought and sold shares of FIZZ. Vanguard Group Inc. lifted its holdings in National Beverage by 2.0% in the first quarter. Vanguard Group Inc. now owns 2,801,900 shares of the company’s stock worth $116,391,000 after buying an additional 54,148 shares during the period. Kayne Anderson Rudnick Investment Management LLC grew its position in shares of National Beverage by 1.0% during the first quarter. Kayne Anderson Rudnick Investment Management LLC now owns 2,591,933 shares of the company’s stock worth $107,669,000 after purchasing an additional 26,291 shares in the last quarter. Northern Trust Corp grew its stake in National Beverage by 10.6% during the fourth quarter. Northern Trust Corp now owns 295,028 shares of the company’s stock valued at $12,589,000 after acquiring an additional 28,186 shares in the last quarter. Invesco Ltd. increased its holdings in shares of National Beverage by 36.8% in the 1st quarter. Invesco Ltd. now owns 218,300 shares of the company’s stock worth $9,068,000 after buying an additional 58,670 shares during the last quarter. Finally, D. E. Shaw & Co. Inc. boosted its position in National Beverage by 47.1% in the 4th quarter. D. E. Shaw & Co. Inc. now owns 216,763 shares of the company’s stock valued at $9,249,000 after buying an additional 69,400 shares during the period. Hedge funds and other institutional investors own 23.95% of the company’s stock.

National Beverage Stock Down 0.7%

Shares of FIZZ opened at $39.74 on Tuesday. The company has a market cap of $3.72 billion, a P/E ratio of 19.87 and a beta of 0.72. National Beverage Corp. has a fifty-two week low of $38.25 and a fifty-two week high of $50.51. The firm’s 50 day moving average price is $45.00 and its 200 day moving average price is $43.72.

National Beverage (NASDAQ:FIZZ) last posted its quarterly earnings results on Wednesday, July 2nd. The company reported $0.48 earnings per share for the quarter, meeting analysts’ consensus estimates of $0.48. The company had revenue of $313.63 million for the quarter, compared to analysts’ expectations of $303.26 million. National Beverage had a return on equity of 49.48% and a net margin of 15.55%.During the same period last year, the firm earned $0.47 earnings per share.

Analysts Set New Price Targets

Separately, UBS Group dropped their target price on National Beverage from $45.00 to $40.00 and set a “sell” rating on the stock in a research report on Friday. One analyst has rated the stock with a Sell rating, According to data from MarketBeat.com, the stock currently has an average rating of “Sell” and a consensus target price of $40.00.

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.