GSA Capital Partners LLP Has $2.85 Million Holdings in National Beverage Corp. $FIZZ

GSA Capital Partners LLP increased its holdings in National Beverage Corp. (NASDAQ:FIZZ) by 215.6% during the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 77,115 shares of the company’s stock after purchasing an additional 52,681 shares during the quarter. National Beverage makes up 0.2% of GSA Capital Partners LLP’s investment portfolio, making the stock its 27th biggest holding. GSA Capital Partners LLP owned approximately 0.08% of National Beverage worth $2,847,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also bought and sold shares of the company. Geode Capital Management LLC lifted its stake in shares of National Beverage by 3.2% in the second quarter. Geode Capital Management LLC now owns 779,290 shares of the company’s stock worth $33,700,000 after acquiring an additional 23,987 shares during the period. Millennium Management LLC lifted its position in shares of National Beverage by 485.3% in the 1st quarter. Millennium Management LLC now owns 275,644 shares of the company’s stock worth $11,450,000 after purchasing an additional 228,553 shares during the period. Bank of America Corp DE boosted its stake in shares of National Beverage by 16.1% in the 2nd quarter. Bank of America Corp DE now owns 270,755 shares of the company’s stock valued at $11,707,000 after purchasing an additional 37,575 shares during the last quarter. Norges Bank acquired a new stake in shares of National Beverage during the second quarter worth $10,419,000. Finally, Denali Advisors LLC raised its stake in National Beverage by 30.1% during the third quarter. Denali Advisors LLC now owns 182,262 shares of the company’s stock worth $6,729,000 after buying an additional 42,212 shares during the last quarter. 23.95% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of research analysts have recently issued reports on the company. Weiss Ratings reissued a “sell (d+)” rating on shares of National Beverage in a research note on Monday, December 29th. UBS Group set a $35.00 price target on National Beverage and gave the company a “sell” rating in a research note on Friday, December 5th. Two analysts have rated the stock with a Sell rating, According to data from MarketBeat, the company currently has an average rating of “Sell” and a consensus target price of $35.00.

National Beverage Stock Up 1.4%

NASDAQ FIZZ opened at $36.35 on Tuesday. National Beverage Corp. has a 52 week low of $31.21 and a 52 week high of $47.89. The business has a 50 day moving average price of $33.58 and a 200-day moving average price of $36.51. The company has a market cap of $3.40 billion, a price-to-earnings ratio of 18.27 and a beta of 0.71.

National Beverage (NASDAQ:FIZZ) last announced its quarterly earnings results on Thursday, December 11th. The company reported $0.49 EPS for the quarter, missing analysts’ consensus estimates of $0.52 by ($0.03). The business had revenue of $288.33 million for the quarter, compared to the consensus estimate of $292.66 million. National Beverage had a net margin of 15.55% and a return on equity of 39.29%.

National Beverage Company Profile

National Beverage Corp. (NASDAQ: FIZZ) is a U.S.-based beverage company specializing in the development, marketing and production of nonalcoholic refreshment products. The company’s portfolio includes a range of sparkling waters, soft drinks and energy beverages designed for a variety of consumer tastes and dietary preferences. Through in-house bottling operations and strategic partnerships with co-packers, National Beverage manages production from flavor formulation to final packaging and distribution.

Founded in 1985, National Beverage has broadened its product lineup over the decades through both organic brand introductions and selective acquisitions.