JPMorgan Chase & Co. Acquires 42,970 Shares of National Beverage Corp. $FIZZ

Key Points

• JPMorgan Chase & Co. boosted its stake in National Beverage by 44.6% in Q3, acquiring 42,970 shares to hold 139,302 shares worth about $5.14 million (≈0.15% of the company).
• National Beverage reported Q (Mar 12) EPS of $0.44 (in line with estimates) but revenue of $264.6M slightly below consensus; the stock has a $3.17B market cap, a PE of 16.84, and a 1‑year range of $31.21–$47.89.
• Analyst sentiment is negative with a consensus "Sell" rating and an average target price of $35.00 (UBS and Weiss Ratings among those maintaining sell views).

JPMorgan Chase & Co. boosted its stake in shares of National Beverage Corp. (NASDAQ:FIZZ - Free Report) by 44.6% during the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 139,302 shares of the company's stock after acquiring an additional 42,970 shares during the quarter. JPMorgan Chase & Co. owned approximately 0.15% of National Beverage worth $5,143,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the stock. Hantz Financial Services Inc. raised its stake in shares of National Beverage by 366.8% in the third quarter. Hantz Financial Services Inc. now owns 859 shares of the company's stock worth $32,000 after acquiring an additional 675 shares during the last quarter. AlphaQuest LLC bought a new stake in shares of National Beverage during the third quarter valued at approximately $33,000. Osaic Holdings Inc. increased its holdings in shares of National Beverage by 72.5% in the second quarter. Osaic Holdings Inc. now owns 1,018 shares of the company's stock valued at $44,000 after purchasing an additional 428 shares in the last quarter. Advisory Services Network LLC acquired a new stake in shares of National Beverage in the third quarter valued at approximately $39,000. Finally, Brown Brothers Harriman & Co. raised its position in National Beverage by 213.5% in the 3rd quarter. Brown Brothers Harriman & Co. now owns 1,066 shares of the company's stock worth $39,000 after purchasing an additional 726 shares during the last quarter. Institutional investors and hedge funds own 23.95% of the company's stock.

National Beverage Trading Up 0.6%

Shares of NASDAQ FIZZ opened at $33.84 on Thursday. National Beverage Corp. has a 1 year low of $31.21 and a 1 year high of $47.89. The firm's 50-day moving average is $35.15 and its 200-day moving average is $34.74. The firm has a market capitalization of $3.17 billion, a PE ratio of 16.84 and a beta of 0.77.

National Beverage (NASDAQ:FIZZ - Get Free Report) last posted its quarterly earnings results on Thursday, March 12th. The company reported $0.44 earnings per share for the quarter, hitting analysts' consensus estimates of $0.44. National Beverage had a net margin of 15.71% and a return on equity of 36.00%. The business had revenue of $264.59 million during the quarter, compared to the consensus estimate of $271.06 million.

Wall Street Analysts Forecast Growth

FIZZ has been the topic of several research reports. UBS Group upped their price objective on National Beverage from $34.00 to $35.00 and gave the stock a "sell" rating in a report on Monday, March 16th. Weiss Ratings restated a "sell (d+)" rating on shares of National Beverage in a research report on Friday, March 27th. Two investment analysts have rated the stock with a Sell rating, Based on data from MarketBeat.com, the stock has a consensus rating of "Sell" and an average target price of $35.00.

About National Beverage

National Beverage Corp. NASDAQ: FIZZ is a U.S.-based beverage company specializing in the development, marketing and production of nonalcoholic refreshment products. The company's portfolio includes a range of sparkling waters, soft drinks and energy beverages designed for a variety of consumer tastes and dietary preferences. Through in-house bottling operations and strategic partnerships with co-packers, National Beverage manages production from flavor formulation to final packaging and distribution.

Founded in 1985, National Beverage has broadened its product lineup over the decades through both organic brand introductions and selective acquisitions.

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