Intech Investment Management LLC Invests $273,000 in National Beverage Corp. (NASDAQ:FIZZ)

Intech Investment Management LLC bought a new position in shares of National Beverage Corp. (NASDAQ:FIZZ) in the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm bought 5,812 shares of the company’s stock, valued at approximately $273,000.

Other institutional investors and hedge funds have also made changes to their positions in the company. Jennison Associates LLC purchased a new position in shares of National Beverage during the third quarter valued at $1,126,000. Nisa Investment Advisors LLC increased its stake in shares of National Beverage by 3,226.4% during the second quarter. Nisa Investment Advisors LLC now owns 9,713 shares of the company’s stock valued at $529,000 after buying an additional 9,421 shares during the period. SG Americas Securities LLC increased its stake in shares of National Beverage by 11.6% during the third quarter. SG Americas Securities LLC now owns 11,066 shares of the company’s stock valued at $519,000 after buying an additional 1,146 shares during the period. Squarepoint Ops LLC increased its stake in shares of National Beverage by 307.6% during the second quarter. Squarepoint Ops LLC now owns 35,673 shares of the company’s stock valued at $1,828,000 after buying an additional 26,920 shares during the period. Finally, New York State Teachers Retirement System increased its stake in shares of National Beverage by 8.3% during the third quarter. New York State Teachers Retirement System now owns 25,713 shares of the company’s stock valued at $1,207,000 after buying an additional 1,967 shares during the period. 23.95% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

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

National Beverage Price Performance

FIZZ opened at $49.74 on Thursday. The business’s 50-day moving average is $47.12 and its two-hundred day moving average is $47.28. National Beverage Corp. has a 1 year low of $42.85 and a 1 year high of $53.58. The firm has a market capitalization of $4.66 billion, a PE ratio of 25.25 and a beta of 0.83.

National Beverage (NASDAQ:FIZZ) last posted its earnings results on Thursday, September 5th. The company reported $0.61 earnings per share (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 company had revenue of $329.47 million for the quarter.

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.