Engineers Gate Manager LP Purchases New Shares in National Beverage Corp. $FIZZ

Engineers Gate Manager LP acquired a new position in National Beverage Corp. (NASDAQ:FIZZ - Free Report) in the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor acquired 43,040 shares of the company's stock, valued at approximately $1,343,000.

Other large investors also recently bought and sold shares of the company. Rockefeller Capital Management L.P. boosted its stake in National Beverage by 958.8% in the 4th quarter. Rockefeller Capital Management L.P. now owns 900 shares of the company's stock worth $29,000 after purchasing an additional 815 shares in the last quarter. Allworth Financial LP bought a new stake in National Beverage during the 2nd quarter valued at about $34,000. Northwestern Mutual Wealth Management Co. purchased a new position in National Beverage in the second quarter worth about $37,000. Integrated Wealth Concepts LLC purchased a new position in National Beverage in the second quarter worth about $40,000. Finally, Versant Capital Management Inc lifted its stake in shares of National Beverage by 175.6% in the second quarter. Versant Capital Management Inc now owns 1,367 shares of the company's stock worth $43,000 after buying an additional 871 shares in the last quarter. 23.95% of the stock is owned by hedge funds and other institutional investors.

National Beverage Stock Performance

NASDAQ FIZZ opened at $31.66 on Friday. The company has a market capitalization of $2.96 billion, a PE ratio of 17.02 and a beta of 0.78. The business's fifty day moving average is $31.73 and its 200 day moving average is $33.64. National Beverage Corp. has a fifty-two week low of $28.97 and a fifty-two week high of $38.81.

National Beverage (NASDAQ:FIZZ - Get Free Report) last released its earnings results on Thursday, September 10th. The company reported $0.50 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.59 by ($0.09). National Beverage had a return on equity of 32.61% and a net margin of 14.81%.The firm had revenue of $330.66 million during the quarter, compared to analysts' expectations of $342.08 million.

National Beverage Announces Dividend

The company also recently disclosed a special dividend, which was paid on Thursday, July 30th. Stockholders of record on Monday, July 13th were paid a $3.25 dividend. The ex-dividend date of this dividend was Monday, July 13th.

Analysts Set New Price Targets

A number of analysts have recently commented on FIZZ shares. Weiss Ratings lowered shares of National Beverage from a "hold (c-)" rating to a "sell (d+)" rating in a research note on Tuesday, September 8th. UBS Group set a $31.00 target price on shares of National Beverage and gave the company a "sell" rating in a research note on Monday. Two research analysts have rated the stock with a Sell rating, According to data from MarketBeat, the stock has an average rating of "Sell" and an average target price of $31.00.

About National Beverage

National Beverage Corp. NASDAQ: FIZZ develops, manufactures and distributes a portfolio of nonalcoholic beverages. Its products include flavored sparkling waters, carbonated soft drinks, energy drinks, juices and enhanced water beverages, serving consumers through retail, foodservice and other distribution channels.

The company's brand portfolio includes LaCroix sparkling water, Shasta and Faygo carbonated soft drinks, Everfresh and Mr. Pure juices, and Rip It energy drinks. National Beverage markets its products primarily in the United States, with distribution also extending into Canada and other select markets.

National Beverage was formed in 1985 and is headquartered in Fort Lauderdale, Florida.

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