Jump Financial LLC Acquires 27,240 Shares of National Beverage Corp. $FIZZ

Key Points

• Jump Financial LLC increased its stake in National Beverage Corp. by 419.1%, acquiring an additional 27,240 shares, bringing its total ownership to 33,740 shares valued at approximately $1.4 million.
• National Beverage reported a revenue of $313.63 million for the latest quarter, exceeding consensus estimates, with an earnings per share of $0.48, matching market expectations.
• UBS Group has raised its price target for National Beverage shares from $42.00 to $45.00, while maintaining a “sell” rating on the stock.

Jump Financial LLC grew its position in National Beverage Corp. (NASDAQ:FIZZ - Free Report) by 419.1% during the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 33,740 shares of the company's stock after purchasing an additional 27,240 shares during the quarter. Jump Financial LLC's holdings in National Beverage were worth $1,402,000 as of its most recent SEC filing.

A number of other institutional investors also recently modified their holdings of the company. Golden State Wealth Management LLC grew its stake in shares of National Beverage by 102.4% in 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 last quarter. Lazard Asset Management LLC acquired a new stake in shares of National Beverage in the fourth quarter worth $52,000. Parallel Advisors LLC grew 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 worth $55,000 after acquiring an additional 1,006 shares during the last quarter. Tower Research Capital LLC TRC grew its stake in shares of National Beverage by 38.3% in the fourth quarter. Tower Research Capital LLC TRC now owns 1,499 shares of the company's stock worth $64,000 after acquiring an additional 415 shares during the last quarter. Finally, CWM LLC grew 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 worth $64,000 after acquiring an additional 722 shares during the last quarter. Institutional investors own 23.95% of the company's stock.

National Beverage Stock Performance

Shares of NASDAQ:FIZZ traded down $1.04 on Tuesday, hitting $41.01. The stock had a trading volume of 114,131 shares, compared to its average volume of 182,858. National Beverage Corp. has a twelve month low of $38.25 and a twelve month high of $50.51. The firm's 50 day moving average price is $45.24 and its 200-day moving average price is $43.68. The company has a market capitalization of $3.84 billion, a price-to-earnings ratio of 20.51 and a beta of 0.72.

National Beverage (NASDAQ:FIZZ - Get Free Report) last released its quarterly earnings results on Wednesday, July 2nd. The company reported $0.48 earnings per share (EPS) for the quarter, meeting analysts' consensus estimates of $0.48. National Beverage had a return on equity of 49.48% and a net margin of 15.55%.The business had revenue of $313.63 million during the quarter, compared to analysts' expectations of $303.26 million. During the same period in the previous year, the business posted $0.47 earnings per share.

Wall Street Analyst Weigh In

Separately, UBS Group lifted their price target on shares of National Beverage from $42.00 to $45.00 and gave the stock a "sell" rating in a research note on Monday, July 7th. One research analyst has rated the stock with a Sell rating, According to data from MarketBeat.com, the stock currently has an average rating of "Sell" and a consensus target price of $45.00.

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.