EP Wealth Advisors LLC Invests $279,000 in National Beverage Corp. $FIZZ

EP Wealth Advisors LLC bought a new stake in National Beverage Corp. (NASDAQ:FIZZ - Free Report) during the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund bought 6,726 shares of the company's stock, valued at approximately $279,000.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Bank of New York Mellon Corp increased its position in shares of National Beverage by 6.5% during the first quarter. Bank of New York Mellon Corp now owns 214,656 shares of the company's stock worth $8,917,000 after acquiring an additional 13,053 shares during the period. Edgestream Partners L.P. purchased a new stake in shares of National Beverage during the first quarter worth $7,302,000. Vanguard Group Inc. increased its position in shares of National Beverage by 2.0% during the first quarter. Vanguard Group Inc. now owns 2,801,900 shares of the company's stock worth $116,391,000 after acquiring an additional 54,148 shares during the period. GAMMA Investing LLC increased its position in shares of National Beverage by 29.2% during the first quarter. GAMMA Investing LLC now owns 2,060 shares of the company's stock worth $86,000 after acquiring an additional 466 shares during the period. Finally, Invesco Ltd. increased its position in shares of National Beverage by 36.8% during the first quarter. Invesco Ltd. now owns 218,300 shares of the company's stock worth $9,068,000 after acquiring an additional 58,670 shares during the period. Hedge funds and other institutional investors own 23.95% of the company's stock.

National Beverage Stock Performance

NASDAQ:FIZZ traded down $1.17 during mid-day trading on Friday, reaching $39.18. The stock had a trading volume of 337,277 shares, compared to its average volume of 191,036. The firm has a market capitalization of $3.67 billion, a price-to-earnings ratio of 19.69 and a beta of 0.72. National Beverage Corp. has a twelve month low of $38.25 and a twelve month high of $50.51. The business has a 50 day simple moving average of $44.49 and a 200 day simple moving average of $43.66.

National Beverage (NASDAQ:FIZZ - Get Free Report) last posted its quarterly earnings results on Thursday, September 11th. The company reported $0.60 earnings per share (EPS) for the quarter, meeting analysts' consensus estimates of $0.60. National Beverage had a net margin of 15.45% and a return on equity of 46.30%. The company had revenue of $330.52 million during the quarter, compared to the consensus estimate of $354.18 million.

Analyst Upgrades and Downgrades

Separately, UBS Group cut their price objective on National Beverage from $45.00 to $40.00 and set a "sell" rating on the stock in a research report on Friday, September 5th. One investment analyst has rated the stock with a Sell rating, According to MarketBeat.com, the company presently has an average rating of "Sell" and an average price target of $40.00.

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.