SG Americas Securities LLC Purchases 1,146 Shares of National Beverage Corp. (NASDAQ:FIZZ)

SG Americas Securities LLC raised its position in National Beverage Corp. (NASDAQ:FIZZ) by 11.6% in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 11,066 shares of the company’s stock after purchasing an additional 1,146 shares during the period. SG Americas Securities LLC’s holdings in National Beverage were worth $519,000 at the end of the most recent reporting period.

Other hedge funds have also recently made changes to their positions in the company. Canada Pension Plan Investment Board bought a new stake in National Beverage during the second quarter valued at $31,000. Quarry LP boosted its position in shares of National Beverage by 584.9% during the 2nd quarter. Quarry LP now owns 637 shares of the company’s stock valued at $33,000 after acquiring an additional 544 shares during the last quarter. Quest Partners LLC bought a new stake in shares of National Beverage during the 2nd quarter valued at about $34,000. Headlands Technologies LLC increased its position in shares of National Beverage by 760.2% during the 2nd quarter. Headlands Technologies LLC now owns 843 shares of the company’s stock valued at $43,000 after purchasing an additional 745 shares during the last quarter. Finally, GAMMA Investing LLC raised its holdings in shares of National Beverage by 45.0% during the 2nd quarter. GAMMA Investing LLC now owns 1,109 shares of the company’s stock valued at $57,000 after buying an additional 344 shares in the last quarter. 23.95% of the stock is currently owned by hedge funds and other institutional investors.

National Beverage Stock Up 0.6 %

National Beverage stock opened at $45.98 on Wednesday. The firm has a fifty day simple moving average of $45.58 and a two-hundred day simple moving average of $47.02. National Beverage Corp. has a twelve month low of $42.85 and a twelve month high of $53.58. The company has a market capitalization of $4.30 billion, a PE ratio of 24.33 and a beta of 0.82.

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

Analysts Set New Price Targets

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

About National Beverage

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.