Landscape Capital Management L.L.C. Takes $1.35 Million Position in National Beverage Corp. $FIZZ

Key Points

• Landscape Capital Management L.L.C. acquired 32,555 shares of National Beverage Corp. for approximately $1,352,000 in the first quarter, marking a significant new investment in the company.
• National Beverage reported earnings of $0.48 per share for the last quarter, meeting analysts' expectations, with a net margin of 15.55% and revenue of $313.63 million.
• UBS Group raised its price target on National Beverage shares from $42.00 to $45.00 and currently assigns a "sell" rating to the stock, reflecting concerns about its performance.

Landscape Capital Management L.L.C. acquired a new position in National Beverage Corp. (NASDAQ:FIZZ - Free Report) in the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor acquired 32,555 shares of the company's stock, valued at approximately $1,352,000.

A number of other large investors have also modified their holdings of FIZZ. Vanguard Group Inc. raised its position in shares of National Beverage by 2.0% during the 1st quarter. Vanguard Group Inc. now owns 2,801,900 shares of the company's stock worth $116,391,000 after purchasing an additional 54,148 shares during the last quarter. Kayne Anderson Rudnick Investment Management LLC raised its holdings in National Beverage by 1.0% in the 1st quarter. Kayne Anderson Rudnick Investment Management LLC now owns 2,591,933 shares of the company's stock valued at $107,669,000 after acquiring an additional 26,291 shares during the last quarter. Dimensional Fund Advisors LP lifted its holdings in National Beverage by 2.6% in the fourth quarter. Dimensional Fund Advisors LP now owns 1,248,681 shares of the company's stock valued at $53,281,000 after acquiring an additional 32,003 shares during the last quarter. Northern Trust Corp raised its position in National Beverage by 10.6% in the fourth quarter. Northern Trust Corp now owns 295,028 shares of the company's stock valued at $12,589,000 after purchasing an additional 28,186 shares during the period. Finally, Invesco Ltd. lifted its stake in shares of National Beverage by 36.8% in the 1st quarter. Invesco Ltd. now owns 218,300 shares of the company's stock valued at $9,068,000 after purchasing an additional 58,670 shares during the last quarter. Institutional investors and hedge funds own 23.95% of the company's stock.

National Beverage Price Performance

Shares of NASDAQ:FIZZ traded down $0.94 during mid-day trading on Tuesday, reaching $41.11. 227,235 shares of the company were exchanged, compared to its average volume of 183,550. National Beverage Corp. has a 1 year low of $38.25 and a 1 year high of $50.51. The firm has a market cap of $3.85 billion, a price-to-earnings ratio of 20.56 and a beta of 0.72. The firm's 50-day simple moving average is $45.24 and its 200 day simple moving average is $43.68.

National Beverage (NASDAQ:FIZZ - Get Free Report) last issued its quarterly earnings results on Wednesday, July 2nd. The company reported $0.48 EPS for the quarter, meeting 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 analysts' expectations of $303.26 million. During the same quarter last year, the company posted $0.47 EPS.

Analyst Upgrades and Downgrades

Separately, UBS Group boosted their price objective on shares of National Beverage from $42.00 to $45.00 and gave the company a "sell" rating in a report on Monday, July 7th. One equities research analyst has rated the stock with a Sell rating, According to MarketBeat.com, the company has an average rating of "Sell" and a consensus price target of $45.00.

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.