Victory Capital Management Inc. Acquires 811 Shares of National Beverage Corp. (NASDAQ:FIZZ)

Victory Capital Management Inc. raised its holdings in shares of National Beverage Corp. (NASDAQ:FIZZ) by 5.5% during the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 15,493 shares of the company’s stock after acquiring an additional 811 shares during the quarter. Victory Capital Management Inc.’s holdings in National Beverage were worth $727,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors have also recently made changes to their positions in FIZZ. The Manufacturers Life Insurance Company boosted its holdings in National Beverage by 1.6% in the 2nd quarter. The Manufacturers Life Insurance Company now owns 16,430 shares of the company’s stock valued at $842,000 after purchasing an additional 252 shares during the period. Willis Investment Counsel boosted its stake in National Beverage by 5.0% during the third quarter. Willis Investment Counsel now owns 6,274 shares of the company’s stock valued at $295,000 after buying an additional 296 shares during the period. GAMMA Investing LLC boosted its stake in National Beverage by 45.0% during the second quarter. GAMMA Investing LLC now owns 1,109 shares of the company’s stock valued at $57,000 after buying an additional 344 shares during the period. Blue Trust Inc. grew its position in National Beverage by 323.0% during the third quarter. Blue Trust Inc. now owns 643 shares of the company’s stock worth $33,000 after buying an additional 491 shares in the last quarter. Finally, Quarry LP increased its stake in National Beverage by 584.9% in the 2nd quarter. Quarry LP now owns 637 shares of the company’s stock worth $33,000 after acquiring an additional 544 shares during the last quarter. Hedge funds and other institutional investors own 23.95% of the company’s stock.

Analyst Ratings Changes

Separately, UBS Group cut their price objective on National Beverage from $46.00 to $45.00 and set a “sell” rating for the company in a report on Tuesday, September 10th.

National Beverage Price Performance

Shares of NASDAQ:FIZZ opened at $49.60 on Friday. The company’s fifty day moving average price is $46.82 and its 200-day moving average price is $47.23. The firm has a market capitalization of $4.64 billion, a price-to-earnings ratio of 25.18 and a beta of 0.83. National Beverage Corp. has a one year low of $42.85 and a one year high of $53.58.

National Beverage (NASDAQ:FIZZ) last released its earnings results on Thursday, September 5th. The company reported $0.61 EPS for the quarter, beating analysts’ consensus estimates of $0.60 by $0.01. National Beverage had a return on equity of 39.91% and a net margin of 15.36%. The business had revenue of $329.47 million for the quarter.

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.