Gamco Investors INC. ET AL Has $3.08 Million Stake in National Beverage Corp. $FIZZ

Key Points

• Gamco Investors INC. ET AL increased its holdings in National Beverage Corp. by 45.2% during the first quarter, now owning approximately 0.08% of the company's stock valued at $3,083,000.
• National Beverage Corp. has a market capitalization of $3.94 billion and reported earnings of $0.48 per share for the last quarter, meeting analysts' expectations.
• The stock currently holds a consensus rating of "Sell" with a target price raised by UBS Group from $42.00 to $45.00.

Gamco Investors INC. ET AL increased its holdings in National Beverage Corp. (NASDAQ:FIZZ - Free Report) by 45.2% in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 74,228 shares of the company's stock after purchasing an additional 23,100 shares during the period. Gamco Investors INC. ET AL owned approximately 0.08% of National Beverage worth $3,083,000 at the end of the most recent reporting period.

A number of other hedge funds have also made changes to their positions in FIZZ. Gabelli Funds LLC lifted its position in shares of National Beverage by 1.9% during the 1st quarter. Gabelli Funds LLC now owns 32,500 shares of the company's stock worth $1,350,000 after purchasing an additional 600 shares during the last quarter. Kayne Anderson Rudnick Investment Management LLC increased its holdings in shares of National Beverage by 1.0% during the 1st quarter. Kayne Anderson Rudnick Investment Management LLC now owns 2,591,933 shares of the company's stock worth $107,669,000 after purchasing an additional 26,291 shares during the period. Walleye Capital LLC acquired a new position in shares of National Beverage during the first quarter valued at about $475,000. Jump Financial LLC lifted its stake in shares of National Beverage by 419.1% in the first quarter. Jump Financial LLC now owns 33,740 shares of the company's stock valued at $1,402,000 after buying an additional 27,240 shares during the period. Finally, Trajan Wealth LLC acquired a new stake in National Beverage during the first quarter worth about $204,000. Institutional investors and hedge funds own 23.95% of the company's stock.

Analyst Upgrades and Downgrades

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

National Beverage Price Performance

Shares of FIZZ traded down $1.00 during mid-day trading on Tuesday, reaching $41.06. The company had a trading volume of 126,685 shares, compared to its average volume of 182,870. National Beverage Corp. has a twelve month low of $38.25 and a twelve month high of $50.51. The company's 50-day moving average is $45.24 and its 200-day moving average is $43.68. The company has a market capitalization of $3.84 billion, a P/E ratio of 20.52 and a beta of 0.72.

National Beverage (NASDAQ:FIZZ - Get Free Report) last announced its quarterly earnings results on Wednesday, July 2nd. The company reported $0.48 EPS for the quarter, meeting the consensus estimate 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 for the quarter, compared to analyst estimates of $303.26 million. During the same quarter in the previous year, the firm earned $0.47 EPS.

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.