Virginia Retirement Systems ET AL lessened its stake in shares of National Beverage Corp. (NASDAQ:FIZZ) by 9.5% in the 3rd quarter, according to its most recent disclosure with the SEC. The firm owned 12,400 shares of the company’s stock after selling 1,300 shares during the period. Virginia Retirement Systems ET AL’s holdings in National Beverage were worth $1,538,000 as of its most recent SEC filing.
Other large investors also recently added to or reduced their stakes in the company. Sei Investments Co. bought a new stake in National Beverage during the third quarter valued at about $188,000. Essex Financial Services Inc. bought a new stake in National Beverage during the third quarter valued at about $214,000. Sawgrass Asset Management LLC bought a new stake in National Beverage during the third quarter valued at about $228,000. Stratos Wealth Partners LTD. bought a new stake in National Beverage during the third quarter valued at about $229,000. Finally, Quantbot Technologies LP bought a new stake in National Beverage during the second quarter valued at about $173,000. 21.40% of the stock is owned by institutional investors and hedge funds.
FIZZ has been the subject of several recent research reports. Susquehanna Bancshares set a $108.00 price target on National Beverage and gave the company a “hold” rating in a report on Monday, October 23rd. UBS raised National Beverage from a “neutral” rating to a “positive” rating in a report on Monday, November 20th. Maxim Group reissued a “sell” rating and set a $40.00 price target (up previously from $33.00) on shares of National Beverage in a report on Friday, September 8th. Finally, BidaskClub raised National Beverage from a “hold” rating to a “buy” rating in a report on Saturday, December 2nd. Two investment analysts have rated the stock with a sell rating and three have assigned a buy rating to the company. The company has an average rating of “Hold” and an average target price of $90.67.
National Beverage (NASDAQ:FIZZ) last released its quarterly earnings data on Thursday, September 7th. The company reported $0.82 earnings per share for the quarter, topping analysts’ consensus estimates of $0.74 by $0.08. The firm had revenue of $259.83 million during the quarter. National Beverage had a return on equity of 49.70% and a net margin of 13.38%.
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National Beverage Company 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.
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