Versor Investments LP Takes Position in National Beverage Corp. (NASDAQ:FIZZ)

Versor Investments LP bought a new position in shares of National Beverage Corp. (NASDAQ:FIZZ - Free Report) in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund bought 13,100 shares of the company's stock, valued at approximately $615,000.

Other hedge funds have also recently added to or reduced their stakes in the company. Assenagon Asset Management S.A. raised its position in National Beverage by 84.9% in the 3rd quarter. Assenagon Asset Management S.A. now owns 145,172 shares of the company's stock valued at $6,814,000 after purchasing an additional 66,661 shares during the last quarter. Dimensional Fund Advisors LP boosted its stake in shares of National Beverage by 3.7% during the second quarter. Dimensional Fund Advisors LP now owns 1,145,227 shares of the company's stock worth $58,680,000 after buying an additional 40,488 shares during the period. Denali Advisors LLC grew its holdings in shares of National Beverage by 36.1% during the second quarter. Denali Advisors LLC now owns 115,100 shares of the company's stock worth $5,898,000 after buying an additional 30,500 shares during the last quarter. Squarepoint Ops LLC increased its position in National Beverage by 307.6% in the 2nd quarter. Squarepoint Ops LLC now owns 35,673 shares of the company's stock valued at $1,828,000 after acquiring an additional 26,920 shares during the period. Finally, Envestnet Asset Management Inc. raised its stake in National Beverage by 13.7% during the 2nd quarter. Envestnet Asset Management Inc. now owns 221,247 shares of the company's stock valued at $11,337,000 after acquiring an additional 26,729 shares during the last quarter. Hedge funds and other institutional investors own 23.95% of the company's stock.

National Beverage Stock Performance

FIZZ traded down $1.06 during trading on Thursday, hitting $48.56. The stock had a trading volume of 135,062 shares, compared to its average volume of 170,133. The firm has a market capitalization of $4.55 billion, a P/E ratio of 24.83 and a beta of 0.83. National Beverage Corp. has a twelve month low of $42.85 and a twelve month high of $53.58. The company's 50-day moving average price is $46.10 and its 200 day moving average price is $47.08.

National Beverage (NASDAQ:FIZZ - Get Free Report) last issued its quarterly earnings results on Thursday, September 5th. The company reported $0.61 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.60 by $0.01. The business had revenue of $329.47 million for the quarter. National Beverage had a net margin of 15.36% and a return on equity of 39.91%.

Analysts Set New Price Targets

Separately, UBS Group lowered their target price on National Beverage from $46.00 to $45.00 and set a "sell" rating on the stock in a research note on Tuesday, September 10th.

National Beverage 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.