Trexquant Investment LP Buys 9,192 Shares of National Beverage Corp. (NASDAQ:FIZZ)

Trexquant Investment LP lifted its position in shares of National Beverage Corp. (NASDAQ:FIZZ - Free Report) by 32.9% during the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 37,108 shares of the company's stock after purchasing an additional 9,192 shares during the quarter. Trexquant Investment LP's holdings in National Beverage were worth $1,583,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in FIZZ. Newbridge Financial Services Group Inc. purchased a new stake in shares of National Beverage in the 4th quarter worth about $40,000. KBC Group NV grew its holdings in National Beverage by 89.3% in the fourth quarter. KBC Group NV now owns 1,357 shares of the company's stock worth $58,000 after purchasing an additional 640 shares during the period. GAMMA Investing LLC increased its stake in shares of National Beverage by 43.6% during the fourth quarter. GAMMA Investing LLC now owns 1,594 shares of the company's stock valued at $68,000 after purchasing an additional 484 shares in the last quarter. Jones Financial Companies Lllp lifted its holdings in shares of National Beverage by 158.3% during the fourth quarter. Jones Financial Companies Lllp now owns 2,387 shares of the company's stock valued at $102,000 after purchasing an additional 1,463 shares during the last quarter. Finally, Pacer Advisors Inc. boosted its position in shares of National Beverage by 78.0% in the 4th quarter. Pacer Advisors Inc. now owns 3,171 shares of the company's stock worth $135,000 after purchasing an additional 1,390 shares in the last quarter. 23.95% of the stock is owned by hedge funds and other institutional investors.

National Beverage Price Performance

FIZZ stock traded down $0.34 during trading on Tuesday, hitting $43.56. 18,273 shares of the stock traded hands, compared to its average volume of 181,394. The stock has a market cap of $4.08 billion, a price-to-earnings ratio of 21.89 and a beta of 0.94. National Beverage Corp. has a 1 year low of $38.25 and a 1 year high of $53.48. The firm's 50 day moving average is $40.93 and its two-hundred day moving average is $43.93.

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

Wall Street Analysts Forecast Growth

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

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.