Alps Advisors Inc. Has $365,000 Stake in National Beverage Corp. (NASDAQ:FIZZ)

Alps Advisors Inc. grew its holdings in shares of National Beverage Corp. (NASDAQ:FIZZ) by 9.2% in the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 8,790 shares of the company’s stock after acquiring an additional 740 shares during the quarter. Alps Advisors Inc.’s holdings in National Beverage were worth $365,000 at the end of the most recent quarter.

Several other institutional investors have also recently bought and sold shares of the business. Golden State Wealth Management LLC increased its stake in shares of National Beverage by 102.4% in the first quarter. Golden State Wealth Management LLC now owns 830 shares of the company’s stock valued at $34,000 after buying an additional 420 shares during the period. Lazard Asset Management LLC acquired a new position in shares of National Beverage in the fourth quarter valued at approximately $52,000. Parallel Advisors LLC increased its stake in shares of National Beverage by 307.6% in the first quarter. Parallel Advisors LLC now owns 1,333 shares of the company’s stock valued at $55,000 after buying an additional 1,006 shares during the period. Tower Research Capital LLC TRC increased its stake in shares of National Beverage by 38.3% in the fourth quarter. Tower Research Capital LLC TRC now owns 1,499 shares of the company’s stock valued at $64,000 after buying an additional 415 shares during the period. Finally, Quarry LP increased its stake in shares of National Beverage by 6,875.0% in the fourth quarter. Quarry LP now owns 1,674 shares of the company’s stock valued at $71,000 after buying an additional 1,650 shares during the period. Institutional investors and hedge funds own 23.95% of the company’s stock.

Wall Street Analyst Weigh In

Separately, UBS Group increased their target price 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.

National Beverage Stock Performance

NASDAQ:FIZZ opened at $44.96 on Wednesday. The company has a market capitalization of $4.21 billion, a PE ratio of 22.48 and a beta of 0.81. National Beverage Corp. has a fifty-two week low of $38.25 and a fifty-two week high of $53.01. The company has a 50 day simple moving average of $44.65 and a two-hundred day simple moving average of $42.83.

National Beverage (NASDAQ:FIZZ) last announced its quarterly earnings data on Wednesday, July 2nd. The company reported $0.48 EPS for the quarter, hitting the consensus estimate of $0.48. The company had revenue of $313.63 million during the quarter, compared to the consensus estimate of $303.26 million. National Beverage had a net margin of 15.55% and a return on equity of 49.48%. During the same quarter last year, the firm posted $0.47 EPS.

National Beverage Company Profile

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.