National Beverage Corp. (NASDAQ:FIZZ) Shares Sold by Gamco Investors INC. ET AL

Gamco Investors INC. ET AL reduced its holdings in National Beverage Corp. (NASDAQ:FIZZ) by 1.0% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 51,128 shares of the company’s stock after selling 500 shares during the quarter. Gamco Investors INC. ET AL owned about 0.05% of National Beverage worth $2,182,000 at the end of the most recent quarter.

Other hedge funds have also modified their holdings of the company. Newbridge Financial Services Group Inc. purchased a new position in National Beverage in the fourth quarter worth $40,000. KBC Group NV grew its stake in shares of National Beverage by 89.3% during the 4th quarter. KBC Group NV now owns 1,357 shares of the company’s stock worth $58,000 after purchasing an additional 640 shares during the period. GAMMA Investing LLC increased its holdings in shares of National Beverage by 43.6% in the 4th quarter. GAMMA Investing LLC now owns 1,594 shares of the company’s stock valued at $68,000 after purchasing an additional 484 shares in the last quarter. Jones Financial Companies Lllp lifted its stake 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 purchasing an additional 1,463 shares during the period. Finally, Covestor Ltd boosted its holdings in National Beverage by 14.3% during the fourth quarter. Covestor Ltd now owns 2,994 shares of the company’s stock worth $128,000 after buying an additional 375 shares in the last quarter. 23.95% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Separately, UBS Group reduced 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 report on Thursday, February 27th.

National Beverage Stock Performance

FIZZ opened at $43.51 on Friday. The company has a market cap of $4.07 billion, a price-to-earnings ratio of 21.86 and a beta of 0.94. National Beverage Corp. has a one year low of $38.25 and a one year high of $53.48. The business’s fifty day moving average is $41.12 and its two-hundred day moving average is $43.89.

National Beverage (NASDAQ:FIZZ) last released its quarterly earnings data on Thursday, March 6th. The company reported $0.42 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 business had revenue of $267.05 million during the quarter, compared to analysts’ expectations of $282.22 million.

Insider Buying and Selling at National Beverage

In other news, Director Stanley Michael Sheridan sold 8,000 shares of the company’s stock in a transaction on Tuesday, April 15th. The stock was sold at an average price of $43.40, for a total value of $347,200.00. Following the sale, the director now directly owns 62,408 shares in the company, valued at $2,708,507.20. This represents a 11.36 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Insiders own 74.80% of the company’s stock.

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.