Kayne Anderson Rudnick Investment Management LLC Has $107.67 Million Stake in National Beverage Corp. $FIZZ

Key Points

• Kayne Anderson Rudnick Investment Management LLC increased its stake in National Beverage Corp. by 1.0%, owning 2,591,933 shares worth approximately $107.7 million at the end of Q1.
• The stock currently holds a "sell" rating from analysts, with a target price increased from $42.00 to $45.00.
• National Beverage reported $0.48 EPS for the last quarter, matching expectations, with revenue of $313.6 million, surpassing analyst forecasts.

Kayne Anderson Rudnick Investment Management LLC raised its stake in National Beverage Corp. (NASDAQ:FIZZ - Free Report) by 1.0% in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 2,591,933 shares of the company's stock after acquiring an additional 26,291 shares during the quarter. Kayne Anderson Rudnick Investment Management LLC owned about 2.77% of National Beverage worth $107,669,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Bleakley Financial Group LLC boosted its stake in National Beverage by 3.0% during the 1st quarter. Bleakley Financial Group LLC now owns 13,929 shares of the company's stock worth $579,000 after acquiring an additional 408 shares during the last quarter. Tower Research Capital LLC TRC boosted its stake in National Beverage by 38.3% during the 4th 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. Golden State Wealth Management LLC boosted its stake in National Beverage by 102.4% during the 1st 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. Cetera Investment Advisers boosted its stake in National Beverage by 8.1% during the 4th quarter. Cetera Investment Advisers now owns 5,661 shares of the company's stock worth $242,000 after acquiring an additional 425 shares during the last quarter. Finally, Covestor Ltd boosted its stake in National Beverage by 14.3% during the 1st quarter. Covestor Ltd now owns 3,421 shares of the company's stock worth $142,000 after acquiring an additional 427 shares during the last quarter. Institutional investors and hedge funds own 23.95% of the company's stock.

Analysts Set New Price Targets

Separately, UBS Group lifted their price objective 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 analyst has rated the stock with a Sell rating, Based on data from MarketBeat, National Beverage presently has a consensus rating of "Sell" and an average price target of $45.00.

National Beverage Trading Up 0.0%

Shares of NASDAQ FIZZ traded up $0.02 during midday trading on Friday, reaching $42.12. The company's stock had a trading volume of 39,249 shares, compared to its average volume of 182,716. National Beverage Corp. has a fifty-two week low of $38.25 and a fifty-two week high of $50.51. The stock has a market capitalization of $3.94 billion, a price-to-earnings ratio of 21.07 and a beta of 0.82. The stock has a 50 day simple moving average of $45.27 and a 200-day simple moving average of $43.59.

National Beverage (NASDAQ:FIZZ - Get Free Report) last issued its earnings results on Wednesday, July 2nd. The company reported $0.48 earnings per share for the quarter, hitting analysts' consensus estimates of $0.48. The business had revenue of $313.63 million for the quarter, compared to the consensus estimate 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 in the previous year, the company earned $0.47 earnings per share.

National Beverage 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.