Quest Partners LLC Acquires 5,564 Shares of National Beverage Corp. (NASDAQ:FIZZ)

Quest Partners LLC lifted its holdings in National Beverage Corp. (NASDAQ:FIZZ) by 848.2% in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 6,220 shares of the company’s stock after acquiring an additional 5,564 shares during the period. Quest Partners LLC’s holdings in National Beverage were worth $292,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds have also recently made changes to their positions in the business. Vanguard Group Inc. raised its position in shares of National Beverage by 0.7% in the 1st quarter. Vanguard Group Inc. now owns 2,769,994 shares of the company’s stock worth $131,464,000 after acquiring an additional 18,216 shares in the last quarter. Dimensional Fund Advisors LP raised its position in shares of National Beverage by 3.7% in the 2nd quarter. Dimensional Fund Advisors LP now owns 1,145,227 shares of the company’s stock worth $58,680,000 after acquiring an additional 40,488 shares in the last quarter. Natixis Advisors LLC raised its position in shares of National Beverage by 0.7% in the 2nd quarter. Natixis Advisors LLC now owns 385,397 shares of the company’s stock worth $19,748,000 after acquiring an additional 2,850 shares in the last quarter. Envestnet Asset Management Inc. raised its position in shares of National Beverage by 13.7% in the 2nd quarter. Envestnet Asset Management Inc. now owns 221,247 shares of the company’s stock worth $11,337,000 after acquiring an additional 26,729 shares in the last quarter. Finally, RK Asset Management LLC raised its position in shares of National Beverage by 0.4% in the 3rd quarter. RK Asset Management LLC now owns 198,744 shares of the company’s stock worth $9,329,000 after acquiring an additional 739 shares in the last quarter. 23.95% of the stock is owned by institutional investors.

Analysts Set New Price Targets

Separately, UBS Group reduced their target price on National Beverage from $46.00 to $45.00 and set a “sell” rating for the company in a research note on Tuesday, September 10th.

National Beverage Price Performance

Shares of FIZZ opened at $49.62 on Tuesday. The stock has a 50-day moving average of $46.53 and a 200-day moving average of $47.18. The company has a market cap of $4.65 billion, a PE ratio of 24.30 and a beta of 0.83. National Beverage Corp. has a one year low of $42.85 and a one year high of $53.58.

National Beverage (NASDAQ:FIZZ) last issued its earnings results on Thursday, September 5th. The company reported $0.61 EPS for the quarter, beating the consensus estimate of $0.60 by $0.01. The company had revenue of $329.47 million during the quarter. National Beverage had a return on equity of 39.91% and a net margin of 15.36%.

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.