National Beverage (NASDAQ:FIZZ) Releases Earnings Results, Hits Estimates

National Beverage (NASDAQ:FIZZ - Get Free Report) posted its quarterly earnings results on Wednesday. The company reported $0.48 EPS for the quarter, hitting analysts' consensus estimates of $0.48, Zacks reports. National Beverage had a return on equity of 52.55% and a net margin of 15.55%. The company had revenue of $313.63 million for the quarter, compared to analysts' expectations of $303.26 million. During the same period in the previous year, the firm earned $0.47 EPS.

National Beverage Stock Up 4.5%

NASDAQ FIZZ traded up $2.02 on Friday, reaching $46.87. The company had a trading volume of 291,187 shares, compared to its average volume of 177,759. The firm's 50 day moving average price is $44.39 and its 200 day moving average price is $42.82. National Beverage has a 12 month low of $38.25 and a 12 month high of $53.01. The stock has a market capitalization of $4.39 billion, a PE ratio of 23.43 and a beta of 0.81.

Insider Activity at National Beverage

In other National Beverage news, Director Stanley Michael Sheridan sold 8,000 shares of the firm'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 transaction of $347,200.00. Following the completion of the transaction, the director owned 62,408 shares in the company, valued at $2,708,507.20. This trade represents a 11.36% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through this link. Corporate insiders own 74.80% of the company's stock.

Institutional Trading of National Beverage

Hedge funds have recently made changes to their positions in the business. Jane Street Group LLC lifted its stake in shares of National Beverage by 12,294.9% in the 1st quarter. Jane Street Group LLC now owns 48,292 shares of the company's stock valued at $2,006,000 after purchasing an additional 48,688 shares during the last quarter. Millennium Management LLC lifted its position in National Beverage by 485.3% in the first quarter. Millennium Management LLC now owns 275,644 shares of the company's stock worth $11,450,000 after buying an additional 228,553 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its stake in National Beverage by 4.6% during the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 13,973 shares of the company's stock worth $580,000 after buying an additional 620 shares during the period. AQR Capital Management LLC increased its position in National Beverage by 33.5% during the first quarter. AQR Capital Management LLC now owns 19,886 shares of the company's stock valued at $826,000 after acquiring an additional 4,990 shares during the last quarter. Finally, Royal Bank of Canada raised its stake in shares of National Beverage by 8.1% in the first quarter. Royal Bank of Canada now owns 18,266 shares of the company's stock valued at $758,000 after acquiring an additional 1,363 shares during the period. 23.95% of the stock is currently owned by hedge funds and other institutional investors.

About National Beverage

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.