Teacher Retirement System of Texas Has $2.18 Million Stake in National Beverage Corp. (NASDAQ:FIZZ)

Teacher Retirement System of Texas lifted its holdings in shares of National Beverage Corp. (NASDAQ:FIZZ - Free Report) by 134.0% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 51,022 shares of the company's stock after buying an additional 29,214 shares during the period. Teacher Retirement System of Texas owned about 0.05% of National Beverage worth $2,177,000 at the end of the most recent quarter.

Several other hedge funds also recently modified their holdings of the stock. Allspring Global Investments Holdings LLC boosted its position in National Beverage by 1,292.0% during the fourth quarter. Allspring Global Investments Holdings LLC now owns 27,270 shares of the company's stock valued at $1,156,000 after purchasing an additional 25,311 shares during the last quarter. Charles Schwab Investment Management Inc. raised its stake in shares of National Beverage by 2.7% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 271,658 shares of the company's stock worth $11,592,000 after purchasing an additional 7,075 shares in the last quarter. Barclays PLC boosted its holdings in shares of National Beverage by 389.9% in the 3rd quarter. Barclays PLC now owns 41,810 shares of the company's stock valued at $1,962,000 after buying an additional 33,275 shares during the last quarter. Asset Management One Co. Ltd. bought a new position in shares of National Beverage in the fourth quarter valued at $746,000. Finally, Geode Capital Management LLC increased its holdings in National Beverage by 4.2% during the third quarter. Geode Capital Management LLC now owns 706,076 shares of the company's stock worth $33,148,000 after buying an additional 28,688 shares during the last quarter. Institutional investors own 23.95% of the company's stock.

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Analysts Set New Price Targets

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

National Beverage Stock Performance

National Beverage stock traded up $0.51 during midday trading on Friday, reaching $41.89. 198,426 shares of the company's stock were exchanged, compared to its average volume of 178,905. The stock's 50-day simple moving average is $40.79 and its 200 day simple moving average is $44.20. The firm has a market cap of $3.92 billion, a price-to-earnings ratio of 21.05 and a beta of 0.87. National Beverage Corp. has a 52 week low of $38.25 and a 52 week high of $53.48.

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

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.