Raymond James Financial Inc. Invests $631,000 in National Beverage Corp. (NASDAQ:FIZZ)

Raymond James Financial Inc. acquired a new stake in National Beverage Corp. (NASDAQ:FIZZ - Free Report) in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund acquired 14,787 shares of the company's stock, valued at approximately $631,000.

A number of other large investors have also modified their holdings of FIZZ. Newbridge Financial Services Group Inc. acquired a new stake in shares of National Beverage during the 4th quarter valued at about $40,000. KBC Group NV boosted its position in National Beverage by 89.3% during the fourth quarter. KBC Group NV now owns 1,357 shares of the company's stock worth $58,000 after purchasing an additional 640 shares in the last quarter. GAMMA Investing LLC grew its holdings in National Beverage by 43.6% in the fourth quarter. GAMMA Investing LLC now owns 1,594 shares of the company's stock valued at $68,000 after purchasing an additional 484 shares during the period. Jones Financial Companies Lllp increased its position in shares of National Beverage by 158.3% in the fourth quarter. Jones Financial Companies Lllp now owns 2,387 shares of the company's stock valued at $102,000 after buying an additional 1,463 shares in the last quarter. Finally, Pacer Advisors Inc. raised its stake in shares of National Beverage by 78.0% during the 4th quarter. Pacer Advisors Inc. now owns 3,171 shares of the company's stock worth $135,000 after buying an additional 1,390 shares during the period. Institutional investors and hedge funds own 23.95% of the company's stock.

National Beverage Stock Performance

Shares of FIZZ stock traded up $0.36 on Friday, reaching $44.23. 165,503 shares of the company were exchanged, compared to its average volume of 181,901. National Beverage Corp. has a 1 year low of $38.25 and a 1 year high of $53.48. The business has a 50-day moving average price of $40.86 and a 200 day moving average price of $43.96. The company has a market cap of $4.14 billion, a price-to-earnings ratio of 22.23 and a beta of 0.94.

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National Beverage (NASDAQ:FIZZ - Get Free Report) last posted its quarterly earnings data on Thursday, March 6th. The company reported $0.42 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.45 by ($0.03). National Beverage had a return on equity of 42.80% and a net margin of 15.63%. The firm had revenue of $267.05 million during the quarter, compared to analyst estimates of $282.22 million.

Analysts Set New Price Targets

Separately, UBS Group dropped their price target on shares of National Beverage from $46.00 to $41.00 and set a "sell" rating on the stock in a research note on Thursday, February 27th.

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.