GAMMA Investing LLC Boosts Stock Position in National Beverage Corp. $FIZZ

GAMMA Investing LLC raised its stake in shares of National Beverage Corp. (NASDAQ:FIZZ) by 144.1% in the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 5,029 shares of the company’s stock after acquiring an additional 2,969 shares during the period. GAMMA Investing LLC’s holdings in National Beverage were worth $217,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the stock. Diversified Trust Co raised its stake in National Beverage by 17.4% during the 2nd quarter. Diversified Trust Co now owns 6,000 shares of the company’s stock valued at $259,000 after acquiring an additional 888 shares during the last quarter. Assenagon Asset Management S.A. raised its stake in National Beverage by 278.6% during the 2nd quarter. Assenagon Asset Management S.A. now owns 21,574 shares of the company’s stock valued at $933,000 after acquiring an additional 15,875 shares during the last quarter. Exchange Traded Concepts LLC raised its stake in National Beverage by 4.3% during the 2nd quarter. Exchange Traded Concepts LLC now owns 46,233 shares of the company’s stock valued at $1,999,000 after acquiring an additional 1,905 shares during the last quarter. Parallel Advisors LLC raised its stake in National Beverage by 73.8% during the 2nd quarter. Parallel Advisors LLC now owns 2,317 shares of the company’s stock valued at $100,000 after acquiring an additional 984 shares during the last quarter. Finally, Voya Investment Management LLC raised its stake in National Beverage by 20.4% during the 1st quarter. Voya Investment Management LLC now owns 13,913 shares of the company’s stock valued at $578,000 after acquiring an additional 2,355 shares during the last quarter. 23.95% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Separately, UBS Group dropped their target price on National Beverage from $40.00 to $39.00 and set a “sell” rating on the stock in a research report on Monday, September 15th. One research analyst has rated the stock with a Sell rating, Based on data from MarketBeat, National Beverage currently has an average rating of “Sell” and a consensus target price of $39.00.

National Beverage Trading Up 1.5%

NASDAQ FIZZ opened at $37.09 on Monday. The business’s 50 day moving average is $42.93 and its two-hundred day moving average is $43.46. National Beverage Corp. has a 12-month low of $36.27 and a 12-month high of $50.51. The stock has a market capitalization of $3.47 billion, a price-to-earnings ratio of 18.64 and a beta of 0.72.

National Beverage (NASDAQ:FIZZ) last released its earnings results on Thursday, September 11th. The company reported $0.60 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.60. The company had revenue of $330.52 million for the quarter, compared to analysts’ expectations of $354.18 million. National Beverage had a return on equity of 43.51% and a net margin of 15.45%.

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.