Two Sigma Advisers LP Buys 26,300 Shares of National Beverage Corp. (NASDAQ:FIZZ)

Two Sigma Advisers LP boosted its position in National Beverage Corp. (NASDAQ:FIZZ - Free Report) by 29.7% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 115,000 shares of the company's stock after acquiring an additional 26,300 shares during the period. Two Sigma Advisers LP owned 0.12% of National Beverage worth $4,907,000 at the end of the most recent reporting period.

Other hedge funds have also recently modified their holdings of the company. Tidal Investments LLC purchased a new stake in shares of National Beverage during the fourth quarter worth about $1,567,000. Sherbrooke Park Advisers LLC bought a new position in National Beverage during the 4th quarter valued at approximately $228,000. ProShare Advisors LLC lifted its holdings in National Beverage by 44.4% in the 4th quarter. ProShare Advisors LLC now owns 7,079 shares of the company's stock worth $302,000 after buying an additional 2,178 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its position in shares of National Beverage by 3.5% in the 4th quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 13,353 shares of the company's stock worth $570,000 after buying an additional 451 shares during the last quarter. Finally, Lazard Asset Management LLC bought a new stake in shares of National Beverage in the 4th quarter worth approximately $52,000. Hedge funds and other institutional investors own 23.95% of the company's stock.

Insider Transactions at National Beverage

In other news, Director Stanley Michael Sheridan sold 8,000 shares of the business's stock in a transaction on Tuesday, April 15th. The shares were sold at an average price of $43.40, for a total transaction of $347,200.00. Following the sale, the director now owns 62,408 shares in the company, valued at approximately $2,708,507.20. The trade was a 11.36% decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Corporate insiders own 74.80% of the company's stock.

Analyst Upgrades and Downgrades

Separately, UBS Group dropped their price target on National Beverage from $46.00 to $41.00 and set a "sell" rating for the company in a research note on Thursday, February 27th.

National Beverage Trading Up 2.2%

NASDAQ FIZZ traded up $0.95 during trading on Thursday, hitting $44.92. The company had a trading volume of 47,846 shares, compared to its average volume of 185,412. The company's fifty day moving average is $43.27 and its 200-day moving average is $43.47. National Beverage Corp. has a one year low of $38.25 and a one year high of $53.48. The company has a market cap of $4.21 billion, a price-to-earnings ratio of 22.59 and a beta of 0.88.

National Beverage (NASDAQ:FIZZ - Get Free Report) last released its quarterly earnings results on Thursday, March 6th. The company reported $0.42 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.45 by ($0.03). The company had revenue of $267.05 million during the quarter, compared to the consensus estimate of $282.22 million. National Beverage had a return on equity of 42.80% and a net margin of 15.63%.

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.