Cubist Systematic Strategies LLC Buys Shares of 26,295 National Beverage Corp. $FIZZ

Key Points

• Cubist Systematic Strategies LLC purchased 26,295 shares of National Beverage Corp. valued at approximately $1,092,000 in the first quarter.
• National Beverage Corp.'s stock has experienced a 0.7% decrease, with shares opening at $39.74 and a market cap of $3.72 billion.
• Analysts from UBS Group have downgraded the target price for National Beverage from $45.00 to $40.00 and assigned a "sell" rating on the stock.

Cubist Systematic Strategies LLC purchased a new position in shares of National Beverage Corp. (NASDAQ:FIZZ - Free Report) during the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor purchased 26,295 shares of the company's stock, valued at approximately $1,092,000.

Other institutional investors have also modified their holdings of the company. Bleakley Financial Group LLC raised its position in shares of National Beverage by 3.0% during the 1st quarter. Bleakley Financial Group LLC now owns 13,929 shares of the company's stock worth $579,000 after acquiring an additional 408 shares in the last quarter. Tower Research Capital LLC TRC grew its position in National Beverage by 38.3% during 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. Golden State Wealth Management LLC increased its stake in National Beverage by 102.4% in the first quarter. Golden State Wealth Management LLC now owns 830 shares of the company's stock valued at $34,000 after purchasing an additional 420 shares during the period. Cetera Investment Advisers increased its stake in National Beverage by 8.1% in the fourth quarter. Cetera Investment Advisers now owns 5,661 shares of the company's stock valued at $242,000 after purchasing an additional 425 shares during the period. Finally, Covestor Ltd raised its holdings in shares of National Beverage by 14.3% in the first quarter. Covestor Ltd now owns 3,421 shares of the company's stock valued at $142,000 after buying an additional 427 shares during the last quarter. 23.95% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Separately, UBS Group reduced their price objective on National Beverage from $45.00 to $40.00 and set a "sell" rating for the company in a research note on Friday, September 5th. One equities research analyst has rated the stock with a Sell rating, Based on data from MarketBeat, the company currently has an average rating of "Sell" and an average price target of $40.00.

National Beverage Trading Down 2.9%

Shares of FIZZ traded down $1.17 during mid-day trading on Friday, hitting $39.18. The company's stock had a trading volume of 337,277 shares, compared to its average volume of 191,036. National Beverage Corp. has a 1-year low of $38.25 and a 1-year high of $50.51. The firm has a market capitalization of $3.67 billion, a P/E ratio of 19.69 and a beta of 0.72. The firm has a 50-day simple moving average of $44.49 and a 200 day simple moving average of $43.66.

National Beverage (NASDAQ:FIZZ - Get Free Report) last announced its quarterly earnings data on Thursday, September 11th. The company reported $0.60 earnings per share for the quarter, hitting analysts' consensus estimates of $0.60. National Beverage had a return on equity of 46.30% and a net margin of 15.45%.The firm had revenue of $330.52 million for the quarter, compared to analyst estimates of $354.18 million.

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.