National Beverage Corp. (FIZZ) Position Increased by Rhumbline Advisers

Rhumbline Advisers lifted its stake in National Beverage Corp. (NASDAQ:FIZZ) by 24.2% in the 4th quarter, HoldingsChannel.com reports. The firm owned 26,262 shares of the company’s stock after purchasing an additional 5,119 shares during the quarter. Rhumbline Advisers’ holdings in National Beverage were worth $1,885,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Zurcher Kantonalbank Zurich Cantonalbank lifted its stake in shares of National Beverage by 40.0% in the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 840 shares of the company’s stock valued at $60,000 after purchasing an additional 240 shares during the period. Intercontinental Wealth Advisors LLC acquired a new stake in shares of National Beverage in the fourth quarter valued at about $74,000. FNY Investment Advisers LLC acquired a new stake in shares of National Beverage in the third quarter valued at about $167,000. Essex Financial Services Inc. acquired a new stake in shares of National Beverage in the third quarter valued at about $202,000. Finally, Quantamental Technologies LLC acquired a new stake in shares of National Beverage in the fourth quarter valued at about $130,000. Hedge funds and other institutional investors own 23.75% of the company’s stock.

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FIZZ has been the subject of several recent research reports. BidaskClub downgraded shares of National Beverage from a “hold” rating to a “sell” rating in a report on Friday, December 21st. Susquehanna Bancshares dropped their target price on shares of National Beverage from $138.00 to $118.00 in a report on Thursday, November 15th. UBS Group initiated coverage on shares of National Beverage in a report on Thursday, December 13th. They set a “sell” rating and a $80.00 target price for the company. Maxim Group restated a “sell” rating and set a $45.00 target price on shares of National Beverage in a report on Friday, December 7th. Finally, Guggenheim upgraded shares of National Beverage from a “sell” rating to a “neutral” rating and set a $86.00 target price for the company in a report on Thursday, December 6th. Three investment analysts have rated the stock with a sell rating, three have given a hold rating and two have issued a buy rating to the company’s stock. National Beverage has an average rating of “Hold” and an average price target of $95.80.

NASDAQ:FIZZ opened at $68.27 on Friday. National Beverage Corp. has a twelve month low of $65.68 and a twelve month high of $127.32. The stock has a market cap of $3.42 billion, a price-to-earnings ratio of 20.48 and a beta of 1.39.

National Beverage (NASDAQ:FIZZ) last posted its earnings results on Thursday, December 6th. The company reported $0.88 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.87 by $0.01. National Beverage had a net margin of 16.33% and a return on equity of 47.17%. The firm had revenue of $260.71 million during the quarter, compared to the consensus estimate of $273.40 million. As a group, equities research analysts anticipate that National Beverage Corp. will post 3.83 earnings per share for the current fiscal year.

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About National Beverage

National Beverage Corp., through its subsidiaries, develops, produces, markets, and sells a portfolio of 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, Shasta Sparkling Water, the Rip It, Everfresh, Everfresh Premier Varietals, and Mr.

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