XTX Topco Ltd bought a new stake in National Beverage Corp. (NASDAQ:FIZZ - Free Report) in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor bought 7,576 shares of the company's stock, valued at approximately $315,000.
Other large investors also recently made changes to their positions in the company. Golden State Wealth Management LLC boosted its position in shares of National Beverage by 102.4% during the 1st quarter. Golden State Wealth Management LLC now owns 830 shares of the company's stock valued at $34,000 after purchasing an additional 420 shares in the last quarter. Lazard Asset Management LLC bought a new position in shares of National Beverage during the 4th quarter valued at about $52,000. Parallel Advisors LLC boosted its position in shares of National Beverage by 307.6% during the 1st quarter. Parallel Advisors LLC now owns 1,333 shares of the company's stock valued at $55,000 after purchasing an additional 1,006 shares in the last quarter. Tower Research Capital LLC TRC boosted 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 valued at $64,000 after purchasing an additional 415 shares in the last quarter. Finally, CWM LLC boosted its position in shares of National Beverage by 87.3% during the 1st quarter. CWM LLC now owns 1,549 shares of the company's stock valued at $64,000 after purchasing an additional 722 shares in the last quarter. Institutional investors own 23.95% of the company's stock.
Wall Street Analysts Forecast Growth
Separately, UBS Group raised their price objective on shares of National Beverage from $42.00 to $45.00 and gave the company a "sell" rating in a research report on Monday, July 7th.
Check Out Our Latest Analysis on FIZZ
National Beverage Trading Up 0.1%
NASDAQ:FIZZ opened at $46.43 on Monday. National Beverage Corp. has a twelve month low of $38.25 and a twelve month high of $50.51. The company has a 50-day moving average of $45.49 and a 200-day moving average of $43.31. The firm has a market cap of $4.35 billion, a price-to-earnings ratio of 23.22 and a beta of 0.82.
National Beverage (NASDAQ:FIZZ - Get Free Report) last announced its earnings results on Wednesday, July 2nd. The company reported $0.48 EPS for the quarter, hitting the consensus estimate 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 analysts' expectations of $303.26 million. During the same period last year, the company posted $0.47 earnings per share.
National Beverage Company Profile
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Free Report)
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.
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