Tidal Investments LLC Purchases New Stake in National Beverage Corp. (NASDAQ:FIZZ)

Tidal Investments LLC bought a new position in shares of National Beverage Corp. (NASDAQ:FIZZ - Free Report) during the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The firm bought 36,719 shares of the company's stock, valued at approximately $1,567,000.

Several other hedge funds and other institutional investors have also made changes to their positions in the business. Covestor Ltd raised its position in shares of National Beverage by 14.3% during the 4th quarter. Covestor Ltd now owns 2,994 shares of the company's stock worth $128,000 after acquiring an additional 375 shares in the last quarter. Tower Research Capital LLC TRC raised its position in shares of 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 in the last quarter. Cetera Investment Advisers raised its position in shares of 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 in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its position in shares of National Beverage by 3.5% during the 4th quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 13,353 shares of the company's stock worth $570,000 after acquiring an additional 451 shares in the last quarter. Finally, Linden Thomas Advisory Services LLC raised its position in shares of National Beverage by 1.5% during the 4th quarter. Linden Thomas Advisory Services LLC now owns 37,256 shares of the company's stock worth $1,590,000 after acquiring an additional 564 shares in the last quarter. Institutional investors and hedge funds own 23.95% of the company's stock.

Wall Street Analysts Forecast Growth

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

National Beverage Stock Up 0.1%

FIZZ traded up $0.05 during trading on Thursday, hitting $44.02. 9,829 shares of the stock were exchanged, compared to its average volume of 185,238. The firm has a market capitalization of $4.12 billion, a P/E ratio of 22.18 and a beta of 0.88. National Beverage Corp. has a 1-year low of $38.25 and a 1-year high of $53.48. The stock has a fifty day moving average price of $43.27 and a two-hundred day moving average price of $43.47.

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

Insiders Place Their Bets

In other news, Director Stanley Michael Sheridan sold 8,000 shares of the business's stock in a transaction that occurred on Tuesday, April 15th. The stock was sold at an average price of $43.40, for a total value of $347,200.00. Following the transaction, the director now owns 62,408 shares of the company's stock, valued at approximately $2,708,507.20. The trade was a 11.36% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. 74.80% of the stock is currently owned by corporate insiders.

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.