Warburton Capital Management LLC Takes Position in National Beverage Corp. (NASDAQ:FIZZ)

Warburton Capital Management LLC bought a new stake in shares of National Beverage Corp. (NASDAQ:FIZZ) in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor bought 6,504 shares of the company’s stock, valued at approximately $277,000.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the company. Newbridge Financial Services Group Inc. bought a new stake in National Beverage in the fourth quarter worth $40,000. KBC Group NV lifted its position 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 buying an additional 640 shares during the last quarter. GAMMA Investing LLC lifted its position in National Beverage by 43.6% in the fourth quarter. GAMMA Investing LLC now owns 1,594 shares of the company’s stock worth $68,000 after buying an additional 484 shares during the last quarter. Jones Financial Companies Lllp lifted its position in National Beverage by 158.3% in the fourth quarter. Jones Financial Companies Lllp now owns 2,387 shares of the company’s stock worth $102,000 after buying an additional 1,463 shares during the last quarter. Finally, Pacer Advisors Inc. lifted its position in National Beverage by 78.0% in the fourth quarter. Pacer Advisors Inc. now owns 3,171 shares of the company’s stock worth $135,000 after buying an additional 1,390 shares during the last quarter. 23.95% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

Separately, UBS Group lowered their price target 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.

National Beverage Stock Down 1.0 %

FIZZ stock opened at $42.12 on Wednesday. The business’s fifty day simple moving average is $41.44 and its two-hundred day simple moving average is $44.63. National Beverage Corp. has a twelve month low of $38.25 and a twelve month high of $53.48. The firm has a market cap of $3.94 billion, a price-to-earnings ratio of 21.17 and a beta of 0.87.

National Beverage (NASDAQ:FIZZ) last released its earnings results on Thursday, March 6th. The company reported $0.42 earnings per share for the quarter, missing analysts’ consensus estimates of $0.45 by ($0.03). The business had revenue of $267.05 million during the quarter, compared to analysts’ expectations of $282.22 million. National Beverage had a return on equity of 42.80% and a net margin of 15.63%.

Insider Activity

In other news, Director Cecil D. Conlee sold 2,736 shares of the firm’s stock in a transaction on Thursday, December 12th. The stock was sold at an average price of $47.01, for a total transaction of $128,619.36. Following the transaction, the director now owns 53,744 shares in the company, valued at approximately $2,526,505.44. This trade represents a 4.84 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through this link. Insiders own 74.80% of the company’s stock.

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.