Victory Capital Management Inc. Acquires 811 Shares of National Beverage Corp. (NASDAQ:FIZZ)

Victory Capital Management Inc. increased its holdings in National Beverage Corp. (NASDAQ:FIZZ) by 5.5% during the third quarter, Holdings Channel.com reports. The firm owned 15,493 shares of the company’s stock after acquiring an additional 811 shares during the quarter. Victory Capital Management Inc.’s holdings in National Beverage were worth $727,000 at the end of the most recent quarter.

Several other hedge funds have also added to or reduced their stakes in the business. Canada Pension Plan Investment Board bought a new stake in shares of National Beverage in the 2nd quarter valued at about $31,000. Quarry LP increased its stake in National Beverage by 584.9% in the 2nd quarter. Quarry LP now owns 637 shares of the company’s stock worth $33,000 after purchasing an additional 544 shares during the period. Blue Trust Inc. lifted its position in National Beverage by 323.0% in the third quarter. Blue Trust Inc. now owns 643 shares of the company’s stock valued at $33,000 after purchasing an additional 491 shares during the last quarter. Quest Partners LLC purchased a new stake in shares of National Beverage during the second quarter valued at approximately $34,000. Finally, Headlands Technologies LLC grew its holdings in shares of National Beverage by 760.2% in the second quarter. Headlands Technologies LLC now owns 843 shares of the company’s stock worth $43,000 after purchasing an additional 745 shares during the last quarter. 23.95% of the stock is owned by institutional investors.

Analysts Set New Price Targets

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

National Beverage Trading Up 1.5 %

National Beverage stock opened at $49.60 on Friday. The firm has a market cap of $4.64 billion, a P/E ratio of 25.18 and a beta of 0.83. National Beverage Corp. has a 1-year low of $42.85 and a 1-year high of $53.58. The firm has a 50-day moving average of $46.82 and a 200-day moving average of $47.23.

National Beverage (NASDAQ:FIZZ) last released its quarterly earnings results on Thursday, September 5th. The company reported $0.61 EPS for the quarter, beating analysts’ consensus estimates of $0.60 by $0.01. The business 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.