National Beverage Corp. $FIZZ Shares Sold by Trexquant Investment LP

Trexquant Investment LP lowered its holdings in National Beverage Corp. (NASDAQ:FIZZ) by 8.4% in the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 33,978 shares of the company’s stock after selling 3,130 shares during the period. Trexquant Investment LP’s holdings in National Beverage were worth $1,411,000 as of its most recent SEC filing.

Other large investors also recently made changes to their positions in the company. Golden State Wealth Management LLC increased its position 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 worth $34,000 after acquiring an additional 420 shares in the last quarter. Lazard Asset Management LLC acquired a new stake in shares of National Beverage in the fourth quarter worth $52,000. Parallel Advisors LLC increased its position 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 worth $55,000 after acquiring an additional 1,006 shares in the last quarter. Tower Research Capital LLC TRC increased its position 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 worth $64,000 after acquiring an additional 415 shares in the last quarter. Finally, CWM LLC increased its position in shares of National Beverage by 87.3% in the first quarter. CWM LLC now owns 1,549 shares of the company’s stock worth $64,000 after acquiring an additional 722 shares in the last quarter. Institutional investors and hedge funds own 23.95% of the company’s stock.

Wall Street Analysts Forecast Growth

Separately, UBS Group dropped their price objective on shares of National Beverage from $45.00 to $40.00 and set a “sell” rating for the company in a research report on Friday. One investment analyst has rated the stock with a Sell rating, According to MarketBeat.com, the company has a consensus rating of “Sell” and a consensus price target of $40.00.

National Beverage Trading Down 3.2%

FIZZ opened at $40.01 on Friday. The company has a fifty day simple moving average of $45.07 and a 200 day simple moving average of $43.67. The firm has a market cap of $3.75 billion, a price-to-earnings ratio of 20.01 and a beta of 0.72. National Beverage Corp. has a twelve month low of $38.25 and a twelve month high of $50.51.

National Beverage (NASDAQ:FIZZ) last released its quarterly earnings results on Wednesday, July 2nd. The company reported $0.48 earnings per share for the quarter, meeting analysts’ consensus estimates of $0.48. The business had revenue of $313.63 million during the quarter, compared to analyst estimates of $303.26 million. National Beverage had a net margin of 15.55% and a return on equity of 49.48%. During the same period last year, the business earned $0.47 EPS.

National Beverage 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.