Edgestream Partners L.P. Buys Shares of 175,794 National Beverage Corp. (NASDAQ:FIZZ)

Edgestream Partners L.P. purchased a new position in shares of National Beverage Corp. (NASDAQ:FIZZ - Free Report) in the first quarter, according to its most recent filing with the SEC. The firm purchased 175,794 shares of the company's stock, valued at approximately $7,302,000. Edgestream Partners L.P. owned 0.19% of National Beverage at the end of the most recent quarter.

Other large investors have also recently bought and sold shares of the company. Bleakley Financial Group LLC grew its stake in shares of National Beverage by 3.0% in the 1st quarter. Bleakley Financial Group LLC now owns 13,929 shares of the company's stock valued at $579,000 after buying an additional 408 shares during the period. CWM LLC grew its stake in shares of National Beverage by 87.3% in the 1st quarter. CWM LLC now owns 1,549 shares of the company's stock valued at $64,000 after buying an additional 722 shares during the period. New York State Common Retirement Fund grew its stake in shares of National Beverage by 5.3% in the 1st quarter. New York State Common Retirement Fund now owns 54,000 shares of the company's stock valued at $2,243,000 after buying an additional 2,700 shares during the period. Alps Advisors Inc. grew its stake in shares of National Beverage by 9.2% in the 1st quarter. Alps Advisors Inc. now owns 8,790 shares of the company's stock valued at $365,000 after buying an additional 740 shares during the period. Finally, Linden Thomas Advisory Services LLC grew its stake in shares of National Beverage by 2.1% in the 1st quarter. Linden Thomas Advisory Services LLC now owns 38,049 shares of the company's stock valued at $1,581,000 after buying an additional 793 shares during the period. 23.95% of the stock is currently owned by institutional investors and hedge funds.

National Beverage Price Performance

Shares of NASDAQ FIZZ traded down $0.38 during trading on Friday, hitting $46.56. The stock had a trading volume of 89,294 shares, compared to its average volume of 188,425. The firm has a fifty day moving average of $44.77 and a two-hundred day moving average of $42.88. The company has a market capitalization of $4.36 billion, a PE ratio of 23.30 and a beta of 0.81. National Beverage Corp. has a 12 month low of $38.25 and a 12 month high of $51.69.

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

Wall Street Analyst Weigh In

Separately, UBS Group raised their target price 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 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.