Covey Capital Advisors LLC Continues to Hold Stake in National Beverage Corp. (FIZZ)

Covey Capital Advisors LLC maintained its position in shares of National Beverage Corp. (NASDAQ:FIZZ) during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 7,700 shares of the company’s stock at the close of the second quarter. National Beverage Corp. accounts for approximately 0.8% of Covey Capital Advisors LLC’s holdings, making the stock its 27th biggest position. Covey Capital Advisors LLC’s holdings in National Beverage Corp. were worth $720,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the stock. Wells Fargo & Company MN lifted its position in National Beverage Corp. by 2,488.3% during the second quarter. Wells Fargo & Company MN now owns 466,907 shares of the company’s stock valued at $43,684,000 after purchasing an additional 448,868 shares in the last quarter. Chicago Equity Partners LLC lifted its position in shares of National Beverage Corp. by 110.5% in the second quarter. Chicago Equity Partners LLC now owns 31,570 shares of the company’s stock valued at $2,954,000 after acquiring an additional 16,575 shares in the last quarter. Cambridge Investment Research Advisors Inc. lifted its position in shares of National Beverage Corp. by 101.2% in the second quarter. Cambridge Investment Research Advisors Inc. now owns 9,339 shares of the company’s stock valued at $874,000 after acquiring an additional 4,698 shares in the last quarter. American Century Companies Inc. lifted its position in shares of National Beverage Corp. by 1.0% in the second quarter. American Century Companies Inc. now owns 20,384 shares of the company’s stock valued at $1,907,000 after acquiring an additional 194 shares in the last quarter. Finally, Federated Investors Inc. PA lifted its position in shares of National Beverage Corp. by 438.5% in the second quarter. Federated Investors Inc. PA now owns 85,207 shares of the company’s stock valued at $7,972,000 after acquiring an additional 69,385 shares in the last quarter. Institutional investors own 21.81% of the company’s stock.

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Shares of National Beverage Corp. (NASDAQ FIZZ) traded down 0.48% during midday trading on Friday, reaching $119.46. The company’s stock had a trading volume of 140,359 shares. The stock has a market capitalization of $5.57 billion, a PE ratio of 47.96 and a beta of 0.58. The company has a 50 day moving average price of $113.26 and a 200-day moving average price of $93.50. National Beverage Corp. has a 52 week low of $39.14 and a 52 week high of $129.82.

National Beverage Corp. (NASDAQ:FIZZ) last released its earnings results on Thursday, September 7th. The company reported $0.82 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.74 by $0.08. The business had revenue of $259.83 million for the quarter. National Beverage Corp. had a net margin of 13.38% and a return on equity of 49.70%. On average, equities research analysts expect that National Beverage Corp. will post $2.91 EPS for the current year.

Several brokerages have recently commented on FIZZ. Credit Suisse Group downgraded National Beverage Corp. from a “neutral” rating to an “underperform” rating and set a $82.00 price objective on the stock. in a research report on Friday, July 21st. Maxim Group reiterated a “sell” rating and issued a $33.00 target price on shares of National Beverage Corp. in a research report on Thursday, July 13th.

National Beverage Corp. Profile

National Beverage Corp. is a holding company. The Company develops, produces, markets and sells a diverse portfolio of flavored beverage products primarily in North America. The Company’s brands consist of beverages geared to the active and health-conscious consumer (Power+ Brands), including sparkling waters, energy drinks and juices, and carbonated soft drinks in a range of flavors, including regular, sugar-free and reduced calorie options.

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

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