Denali Advisors LLC Increases Stock Holdings in National Beverage Corp. (NASDAQ:FIZZ)

Denali Advisors LLC grew its stake in National Beverage Corp. (NASDAQ:FIZZ - Free Report) by 9.2% during the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 163,400 shares of the company's stock after purchasing an additional 13,780 shares during the period. National Beverage comprises approximately 0.8% of Denali Advisors LLC's investment portfolio, making the stock its 27th largest position. Denali Advisors LLC owned 0.17% of National Beverage worth $6,788,000 as of its most recent SEC filing.

A number of other hedge funds also recently made changes to their positions in the stock. Golden State Wealth Management LLC boosted its position in National Beverage by 102.4% during the 1st quarter. Golden State Wealth Management LLC now owns 830 shares of the company's stock worth $34,000 after buying an additional 420 shares during the period. Lazard Asset Management LLC bought a new position in National Beverage during the 4th quarter worth approximately $52,000. Parallel Advisors LLC raised its holdings in National Beverage by 307.6% during the 1st quarter. Parallel Advisors LLC now owns 1,333 shares of the company's stock worth $55,000 after purchasing an additional 1,006 shares during the last quarter. Tower Research Capital LLC TRC raised its holdings 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. Finally, CWM LLC raised its holdings in National Beverage by 87.3% during the 1st quarter. CWM LLC now owns 1,549 shares of the company's stock worth $64,000 after purchasing an additional 722 shares during the last quarter. 23.95% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Separately, UBS Group lifted their price objective on shares of 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 Price Performance

Shares of FIZZ traded up $0.91 during midday trading on Tuesday, hitting $47.45. 184,881 shares of the company traded hands, compared to its average volume of 175,936. The stock has a 50-day moving average of $44.87 and a 200-day moving average of $42.94. National Beverage Corp. has a one year low of $38.25 and a one year high of $50.83. The firm has a market cap of $4.44 billion, a P/E ratio of 23.73 and a beta of 0.81.

National Beverage (NASDAQ:FIZZ - Get Free Report) last posted its quarterly earnings data on Wednesday, July 2nd. The company reported $0.48 earnings per share for the quarter, hitting the consensus estimate of $0.48. The company had revenue of $313.63 million for the quarter, compared to analysts' expectations of $303.26 million. National Beverage had a net margin of 15.55% and a return on equity of 49.48%. During the same period in the prior year, the business earned $0.47 earnings per share.

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.