National Beverage Corp. (NASDAQ:FIZZ) Shares Purchased by Denali Advisors LLC

Denali Advisors LLC lifted its stake in National Beverage Corp. (NASDAQ:FIZZ - Free Report) by 9.2% in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 163,400 shares of the company's stock after buying an additional 13,780 shares during the period. National Beverage makes up 0.8% of Denali Advisors LLC's portfolio, making the stock its 27th biggest position. Denali Advisors LLC owned 0.17% of National Beverage worth $6,788,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds also recently modified their holdings of the company. Golden State Wealth Management LLC lifted its stake in shares of National Beverage by 102.4% in the first quarter. Golden State Wealth Management LLC now owns 830 shares of the company's stock worth $34,000 after acquiring an additional 420 shares in the last quarter. Lazard Asset Management LLC acquired a new position in shares of National Beverage in the fourth quarter worth about $52,000. Parallel Advisors LLC raised its stake in National Beverage by 307.6% during the first quarter. Parallel Advisors LLC now owns 1,333 shares of the company's stock valued at $55,000 after buying an additional 1,006 shares in the last quarter. Tower Research Capital LLC TRC raised its stake in National Beverage by 38.3% during the fourth quarter. Tower Research Capital LLC TRC now owns 1,499 shares of the company's stock valued at $64,000 after buying an additional 415 shares in the last quarter. Finally, CWM LLC raised its stake in National Beverage by 87.3% during the first quarter. CWM LLC now owns 1,549 shares of the company's stock valued at $64,000 after buying an additional 722 shares in the last quarter. Hedge funds and other institutional investors own 23.95% of the company's stock.

Analyst Ratings Changes

Separately, UBS Group upped their price objective on National Beverage from $42.00 to $45.00 and gave the company a "sell" rating in a research note on Monday, July 7th.

National Beverage Trading Down 1.3%

NASDAQ FIZZ traded down $0.62 on Friday, hitting $46.32. 182,081 shares of the stock traded hands, compared to its average volume of 176,150. The stock has a 50-day moving average of $44.82 and a 200 day moving average of $42.91. National Beverage Corp. has a twelve month low of $38.25 and a twelve month high of $51.00. The company has a market capitalization of $4.34 billion, a P/E ratio of 23.16 and a beta of 0.81.

National Beverage (NASDAQ:FIZZ - Get Free Report) last announced its quarterly earnings results on Wednesday, July 2nd. The company reported $0.48 earnings per share for the quarter, hitting analysts' consensus estimates of $0.48. The business 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 in the prior year, the firm earned $0.47 EPS.

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.