Gallacher Capital Management LLC Acquires Shares of 5,484 National Beverage Corp. (NASDAQ:FIZZ)

Gallacher Capital Management LLC bought a new stake in National Beverage Corp. (NASDAQ:FIZZ - Free Report) in the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor bought 5,484 shares of the company's stock, valued at approximately $228,000.

Several other large investors have also recently bought and sold shares of the company. Norges Bank acquired a new position in National Beverage during the fourth quarter worth $9,718,000. Edgestream Partners L.P. bought a new position in National Beverage during the first quarter worth about $7,302,000. Marshall Wace LLP increased its position in National Beverage by 1,461.6% during the fourth quarter. Marshall Wace LLP now owns 100,939 shares of the company's stock worth $4,307,000 after acquiring an additional 94,475 shares during the period. GAMMA Investing LLC increased its holdings in National Beverage by 5,268.4% in the 1st quarter. GAMMA Investing LLC now owns 85,572 shares of the company's stock valued at $3,555,000 after buying an additional 83,978 shares during the period. Finally, JPMorgan Chase & Co. increased its holdings in National Beverage by 151.4% in the 4th quarter. JPMorgan Chase & Co. now owns 133,050 shares of the company's stock valued at $5,677,000 after buying an additional 80,126 shares during the period. Institutional investors own 23.95% of the company's stock.

National Beverage Trading Down 1.8%

Shares of National Beverage stock traded down $0.85 on Thursday, reaching $46.85. The stock had a trading volume of 92,993 shares, compared to its average volume of 188,053. National Beverage Corp. has a 1 year low of $38.25 and a 1 year high of $50.51. The company has a market cap of $4.39 billion, a P/E ratio of 23.45 and a beta of 0.81. The business's 50 day moving average is $45.04 and its two-hundred day moving average is $43.00.

National Beverage (NASDAQ:FIZZ - Get Free Report) last issued its quarterly earnings results on Wednesday, July 2nd. The company reported $0.48 EPS for the quarter, meeting 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 net margin of 15.55% and a return on equity of 49.48%. During the same period last year, the business earned $0.47 earnings per share.

Wall Street Analyst Weigh In

Separately, UBS Group boosted their price target on shares of National Beverage from $42.00 to $45.00 and gave the stock a "sell" rating in a research report on Monday, July 7th.

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.