nVerses Capital LLC Grows Position in National Beverage Corp. (NASDAQ:FIZZ)

nVerses Capital LLC grew its stake in National Beverage Corp. (NASDAQ:FIZZ) by 325.0% during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 1,700 shares of the company’s stock after purchasing an additional 1,300 shares during the period. nVerses Capital LLC’s holdings in National Beverage were worth $80,000 at the end of the most recent quarter.

Other hedge funds have also bought and sold shares of the company. Canada Pension Plan Investment Board acquired a new position in shares of National Beverage during the 2nd quarter worth approximately $31,000. Quarry LP raised its stake in shares of National Beverage by 584.9% during the 2nd quarter. Quarry LP now owns 637 shares of the company’s stock worth $33,000 after buying an additional 544 shares during the period. Quest Partners LLC acquired a new position in shares of National Beverage during the 2nd quarter worth approximately $34,000. Headlands Technologies LLC raised its stake in shares of National Beverage by 760.2% during the 2nd quarter. Headlands Technologies LLC now owns 843 shares of the company’s stock worth $43,000 after buying an additional 745 shares during the period. Finally, GAMMA Investing LLC raised its stake 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 worth $57,000 after buying an additional 344 shares during the period. Hedge funds and other institutional investors own 23.95% of the company’s stock.

National Beverage Stock Performance

NASDAQ FIZZ opened at $45.91 on Monday. The business has a fifty day moving average price of $45.56 and a 200 day moving average price of $46.95. National Beverage Corp. has a one year low of $42.85 and a one year high of $53.58. The company has a market cap of $4.30 billion, a P/E ratio of 24.29 and a beta of 0.82.

National Beverage (NASDAQ:FIZZ) last posted its quarterly earnings data on Thursday, September 5th. The company reported $0.61 EPS for the quarter, beating the consensus estimate of $0.60 by $0.01. National Beverage had a return on equity of 39.91% and a net margin of 15.36%. The firm had revenue of $329.47 million during the quarter.

Wall Street Analyst Weigh In

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

National Beverage 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.