National Beverage Corp. (NASDAQ:FIZZ) Shares Sold by Gabelli Funds LLC

Gabelli Funds LLC reduced its stake in shares of National Beverage Corp. (NASDAQ:FIZZ) by 11.5% in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 43,000 shares of the company’s stock after selling 5,600 shares during the period. Gabelli Funds LLC owned approximately 0.09% of National Beverage worth $1,907,000 at the end of the most recent quarter.

Several other large investors also recently bought and sold shares of FIZZ. Renaissance Technologies LLC lifted its position in National Beverage by 7.5% during the second quarter. Renaissance Technologies LLC now owns 2,670,500 shares of the company’s stock valued at $119,184,000 after purchasing an additional 187,000 shares during the period. Vanguard Group Inc. lifted its position in National Beverage by 6.4% during the second quarter. Vanguard Group Inc. now owns 1,340,339 shares of the company’s stock valued at $59,820,000 after purchasing an additional 80,121 shares during the period. Kayne Anderson Rudnick Investment Management LLC lifted its position in National Beverage by 20.9% during the second quarter. Kayne Anderson Rudnick Investment Management LLC now owns 1,026,698 shares of the company’s stock valued at $45,822,000 after purchasing an additional 177,583 shares during the period. Morgan Stanley lifted its position in National Beverage by 314.4% during the second quarter. Morgan Stanley now owns 588,296 shares of the company’s stock valued at $26,255,000 after purchasing an additional 446,322 shares during the period. Finally, Man Group plc lifted its position in National Beverage by 50.8% during the second quarter. Man Group plc now owns 533,589 shares of the company’s stock valued at $23,814,000 after purchasing an additional 179,734 shares during the period. Institutional investors and hedge funds own 33.68% of the company’s stock.

FIZZ traded up $0.94 on Friday, reaching $41.03. The stock had a trading volume of 569,100 shares, compared to its average volume of 444,639. The company has a current ratio of 3.12, a quick ratio of 2.50 and a debt-to-equity ratio of 0.12. The company has a market cap of $2.13 billion, a P/E ratio of 13.68, a price-to-earnings-growth ratio of 9.11 and a beta of 1.26. The business’s 50-day moving average price is $46.51 and its two-hundred day moving average price is $46.38. National Beverage Corp. has a 12-month low of $38.28 and a 12-month high of $103.61.

National Beverage (NASDAQ:FIZZ) last posted its earnings results on Thursday, September 5th. The company reported $0.74 earnings per share for the quarter, missing the consensus estimate of $0.77 by ($0.03). The firm had revenue of $263.57 million during the quarter, compared to analyst estimates of $272.85 million. National Beverage had a net margin of 12.85% and a return on equity of 35.66%. The business’s revenue for the quarter was down 9.9% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $1.04 earnings per share. As a group, analysts predict that National Beverage Corp. will post 2.51 earnings per share for the current year.

A number of research analysts recently issued reports on FIZZ shares. BidaskClub upgraded shares of National Beverage from a “sell” rating to a “hold” rating in a research report on Thursday, October 3rd. UBS Group decreased their target price on shares of National Beverage from $45.00 to $44.00 and set a “neutral” rating for the company in a research report on Monday, September 9th. ValuEngine downgraded shares of National Beverage from a “buy” rating to a “hold” rating in a research report on Wednesday. Finally, Zacks Investment Research upgraded shares of National Beverage from a “sell” rating to a “hold” rating in a research report on Tuesday, November 5th. Two investment analysts have rated the stock with a sell rating, six have assigned a hold rating and one has given a buy rating to the company. The stock presently has an average rating of “Hold” and a consensus price target of $57.31.

About National Beverage

National Beverage Corp., through its subsidiaries, develops, produces, markets, and sells a portfolio of waters, juices, energy drinks, and carbonated soft drinks primarily in the United States and Canada. The company offers beverages to the active and health-conscious consumers, including sparkling waters, energy drinks, and juices under the LaCroix, LaCroix C├║rate, LaCroix NiCola, Shasta Sparkling Water, the Rip It, Everfresh, Everfresh Premier Varietals, and Mr.

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

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