National Beverage Corp. $FIZZ Shares Acquired by PDT Partners LLC

Key Points

• PDT Partners LLC significantly increased its stake in National Beverage Corp. by 436.6%, acquiring an additional 26,985 shares in the first quarter, with total holdings valued at approximately $1.38 million.
• National Beverage reported earnings of $0.48 EPS for the last quarter, meeting consensus estimates, and generated revenue of $313.63 million, surpassing analysts' expectations.
• UBS Group raised their price target for National Beverage from $42.00 to $45.00, maintaining a "sell" rating amid a current consensus rating of "sell" among analysts.

PDT Partners LLC increased its stake in shares of National Beverage Corp. (NASDAQ:FIZZ - Free Report) by 436.6% during the 1st quarter, according to its most recent disclosure with the SEC. The institutional investor owned 33,166 shares of the company's stock after acquiring an additional 26,985 shares during the period. PDT Partners LLC's holdings in National Beverage were worth $1,378,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds have also bought and sold shares of the company. Cubist Systematic Strategies LLC bought a new stake in National Beverage in the first quarter valued at approximately $1,092,000. Royal Bank of Canada grew its position in National Beverage by 8.1% during the first quarter. Royal Bank of Canada now owns 18,266 shares of the company's stock worth $758,000 after buying an additional 1,363 shares in the last quarter. Landscape Capital Management L.L.C. acquired a new stake in National Beverage during the first quarter worth approximately $1,352,000. Ieq Capital LLC acquired a new stake in shares of National Beverage in the 1st quarter valued at $256,000. Finally, Gamco Investors INC. ET AL boosted its holdings in shares of National Beverage by 45.2% in the 1st quarter. Gamco Investors INC. ET AL now owns 74,228 shares of the company's stock valued at $3,083,000 after purchasing an additional 23,100 shares in the last quarter. Institutional investors own 23.95% of the company's stock.

National Beverage Trading Down 1.7%

Shares of FIZZ traded down $0.70 during mid-day trading on Monday, reaching $39.31. 49,791 shares of the stock traded hands, compared to its average volume of 183,320. National Beverage Corp. has a 1 year low of $38.25 and a 1 year high of $50.51. The firm has a fifty day moving average price of $45.07 and a 200 day moving average price of $43.73. The company has a market cap of $3.68 billion, a price-to-earnings ratio of 19.66 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, hitting analysts' consensus estimates of $0.48. National Beverage had a net margin of 15.55% and a return on equity of 49.48%. The company had revenue of $313.63 million during the quarter, compared to the consensus estimate of $303.26 million. During the same period in the prior year, the firm earned $0.47 earnings per share.

Analysts Set New Price Targets

Separately, UBS Group lowered their target price on National Beverage from $45.00 to $40.00 and set a "sell" rating for the company in a research report on Friday. One analyst has rated the stock with a Sell rating, According to data from MarketBeat, the stock currently has a consensus rating of "Sell" and an average target price of $40.00.

National Beverage Company 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.