Arrowstreet Capital Limited Partnership Has $24.46 Million Stake in National Beverage Corp. (FIZZ)

Arrowstreet Capital Limited Partnership decreased its holdings in National Beverage Corp. (NASDAQ:FIZZ) by 23.1% in the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 261,471 shares of the company’s stock after selling 78,351 shares during the quarter. Arrowstreet Capital Limited Partnership owned about 0.56% of National Beverage Corp. worth $24,463,000 as of its most recent SEC filing.

Several other institutional investors have also bought and sold shares of FIZZ. Russell Investments Group Ltd. acquired a new stake in shares of National Beverage Corp. in the 2nd quarter worth $3,354,000. Acadian Asset Management LLC boosted its position in shares of National Beverage Corp. by 41.2% in the 2nd quarter. Acadian Asset Management LLC now owns 216,518 shares of the company’s stock worth $20,258,000 after purchasing an additional 63,124 shares in the last quarter. Campbell & CO Investment Adviser LLC acquired a new stake in shares of National Beverage Corp. in the 2nd quarter worth $669,000. Strs Ohio acquired a new stake in shares of National Beverage Corp. in the 2nd quarter worth $832,000. Finally, Emerald Advisers Inc. PA acquired a new stake in shares of National Beverage Corp. in the 2nd quarter worth $5,763,000. 21.81% of the stock is owned by hedge funds and other institutional investors.

A number of analysts have recently weighed in on the company. Maxim Group reissued a “sell” rating and issued a $33.00 price objective on shares of National Beverage Corp. in a research report on Thursday, July 13th. Susquehanna Bancshares Inc assumed coverage on National Beverage Corp. in a research report on Tuesday, October 3rd. They issued a “neutral” rating and a $135.00 price objective for the company. Finally, Credit Suisse Group cut National Beverage Corp. from a “neutral” rating to an “underperform” rating and set a $82.00 price objective for the company. in a research report on Friday, July 21st.

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National Beverage Corp. (NASDAQ:FIZZ) traded up 1.27% during mid-day trading on Tuesday, hitting $111.71. The stock had a trading volume of 78,499 shares. National Beverage Corp. has a 52-week low of $44.21 and a 52-week high of $129.82. The stock has a market cap of $5.20 billion, a P/E ratio of 44.85 and a beta of 0.59. The firm has a 50-day moving average of $117.32 and a 200-day moving average of $99.73.

National Beverage Corp. (NASDAQ:FIZZ) last posted its earnings results on Thursday, September 7th. The company reported $0.82 EPS for the quarter, beating the consensus estimate of $0.74 by $0.08. The firm had revenue of $259.83 million for the quarter. National Beverage Corp. had a return on equity of 49.70% and a net margin of 13.38%. On average, analysts forecast that National Beverage Corp. will post $2.91 EPS for the current fiscal year.

National Beverage Corp. Profile

National Beverage Corp. is a holding company. The Company develops, produce

Several other institutional investors have also bought and sold shares of FIZZ. Russell Investments Group Ltd. acquired a new stake in shares of National Beverage Corp. in the 2nd quarter worth $3,354,000. Acadian Asset Management LLC boosted its position in shares of National Beverage Corp. by 41.2% in the 2nd quarter. Acadian Asset Management LLC now owns 216,518 shares of the company’s stock worth $20,258,000 after purchasing an additional 63,124 shares in the last quarter. Campbell & CO Investment Adviser LLC acquired a new stake in shares of National Beverage Corp. in the 2nd quarter worth $669,000. Strs Ohio acquired a new stake in shares of National Beverage Corp. in the 2nd quarter worth $832,000. Finally, Emerald Advisers Inc. PA acquired a new stake in shares of National Beverage Corp. in the 2nd quarter worth $5,763,000. 21.81% of the stock is owned by hedge funds and other institutional investors.

A number of analysts have recently weighed in on the company. Maxim Group reissued a “sell” rating and issued a $33.00 price objective on shares of National Beverage Corp. in a research report on Thursday, July 13th. Susquehanna Bancshares Inc assumed coverage on National Beverage Corp. in a research report on Tuesday, October 3rd. They issued a “neutral” rating and a $135.00 price objective for the company. Finally, Credit Suisse Group cut National Beverage Corp. from a “neutral” rating to an “underperform” rating and set a $82.00 price objective for the company. in a research report on Friday, July 21st.

COPYRIGHT VIOLATION WARNING: This story was published by The Ledger Gazette and is the sole property of of The Ledger Gazette. If you are accessing this story on another domain, it was illegally stolen and reposted in violation of United States & international trademark & copyright law. The correct version of this story can be viewed at https://ledgergazette.com/2017/10/10/arrowstreet-capital-limited-partnership-has-24-46-million-stake-in-national-beverage-corp-fizz.html.

National Beverage Corp. (NASDAQ:FIZZ) traded up 1.27% during mid-day trading on Tuesday, hitting $111.71. The stock had a trading volume of 78,499 shares. National Beverage Corp. has a 52-week low of $44.21 and a 52-week high of $129.82. The stock has a market cap of $5.20 billion, a P/E ratio of 44.85 and a beta of 0.59. The firm has a 50-day moving average of $117.32 and a 200-day moving average of $99.73.

National Beverage Corp. (NASDAQ:FIZZ) last posted its earnings results on Thursday, September 7th. The company reported $0.82 EPS for the quarter, beating the consensus estimate of $0.74 by $0.08. The firm had revenue of $259.83 million for the quarter. National Beverage Corp. had a return on equity of 49.70% and a net margin of 13.38%. On average, analysts forecast that National Beverage Corp. will post $2.91 EPS for the current fiscal year.

National Beverage Corp. Profile

National Beverage Corp. is a holding company. The Company develops, produces, markets and sells a diverse portfolio of flavored beverage products primarily in North America. The Company’s brands consist of beverages geared to the active and health-conscious consumer (Power+ Brands), including sparkling waters, energy drinks and juices, and carbonated soft drinks in a range of flavors, including regular, sugar-free and reduced calorie options.

Institutional Ownership by Quarter for National Beverage Corp. (NASDAQ:FIZZ)

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