60,279 Shares in National Beverage Corp. $FIZZ Acquired by Jacobs Levy Equity Management Inc.

Key Points

• Jacobs Levy Equity Management Inc. bought 60,279 shares of National Beverage Corp. for approximately $2.5 million, representing a 0.06% ownership stake in the company as of the latest SEC filing.
• National Beverage's stock fell 1.1%, with shares trading at $39.30 and a market capitalization of $3.68 billion.
• UBS Group downgraded National Beverage's price target from $45.00 to $40.00 and assigned a "sell" rating based on a consensus among analysts, which suggests decreasing confidence in the stock's performance.

Jacobs Levy Equity Management Inc. acquired a new position in shares of National Beverage Corp. (NASDAQ:FIZZ - Free Report) during the 1st quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor acquired 60,279 shares of the company's stock, valued at approximately $2,504,000. Jacobs Levy Equity Management Inc. owned 0.06% of National Beverage as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Golden State Wealth Management LLC raised its stake in National Beverage by 102.4% during the first quarter. Golden State Wealth Management LLC now owns 830 shares of the company's stock worth $34,000 after acquiring an additional 420 shares during the period. Lazard Asset Management LLC acquired a new stake in shares of National Beverage in the fourth quarter valued at approximately $52,000. Parallel Advisors LLC increased its stake in shares of National Beverage by 307.6% in the first quarter. Parallel Advisors LLC now owns 1,333 shares of the company's stock valued at $55,000 after purchasing an additional 1,006 shares during the period. CWM LLC increased its stake in shares of National Beverage by 87.3% in the first quarter. CWM LLC now owns 1,549 shares of the company's stock valued at $64,000 after purchasing an additional 722 shares during the period. Finally, GAMMA Investing LLC increased its stake in shares of National Beverage by 29.2% in the first quarter. GAMMA Investing LLC now owns 2,060 shares of the company's stock valued at $86,000 after purchasing an additional 466 shares during the period. Institutional investors and hedge funds own 23.95% of the company's stock.

National Beverage Stock Down 1.4%

NASDAQ:FIZZ traded down $0.53 during trading hours on Monday, reaching $38.65. 57,288 shares of the company's stock were exchanged, compared to its average volume of 185,869. The company has a market capitalization of $3.62 billion, a P/E ratio of 19.52 and a beta of 0.72. National Beverage Corp. has a 12 month low of $38.25 and a 12 month high of $50.51. The business's 50-day simple moving average is $44.49 and its two-hundred day simple moving average is $43.69.

National Beverage (NASDAQ:FIZZ - Get Free Report) last issued its earnings results on Thursday, September 11th. The company reported $0.60 earnings per share for the quarter, hitting analysts' consensus estimates of $0.60. The firm had revenue of $330.52 million during the quarter, compared to analysts' expectations of $354.18 million. National Beverage had a net margin of 15.45% and a return on equity of 43.51%.

Wall Street Analyst Weigh In

Separately, UBS Group dropped their price target on shares of National Beverage from $40.00 to $39.00 and set a "sell" rating on the stock in a research note on Monday. One equities research analyst has rated the stock with a Sell rating, According to data from MarketBeat.com, National Beverage has an average rating of "Sell" and a consensus target price of $39.00.

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.