National Beverage Corp. (NASDAQ:FIZZ) Shares Sold by BB&T Securities LLC

BB&T Securities LLC cut its stake in National Beverage Corp. (NASDAQ:FIZZ) by 14.1% in the third quarter, Holdings Channel reports. The firm owned 8,842 shares of the company’s stock after selling 1,450 shares during the period. BB&T Securities LLC’s holdings in National Beverage were worth $387,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds also recently added to or reduced their stakes in FIZZ. Morgan Stanley boosted its stake in National Beverage by 314.4% in the 2nd quarter. Morgan Stanley now owns 588,296 shares of the company’s stock worth $26,255,000 after purchasing an additional 446,322 shares in the last quarter. SG Capital Management LLC acquired a new stake in National Beverage in the 3rd quarter worth approximately $16,041,000. Nuveen Asset Management LLC acquired a new stake in National Beverage in the 2nd quarter worth approximately $10,838,000. Prudential Financial Inc. raised its position in National Beverage by 99.4% during the 2nd quarter. Prudential Financial Inc. now owns 463,524 shares of the company’s stock worth $20,688,000 after buying an additional 231,028 shares during the last quarter. Finally, Renaissance Technologies LLC raised its position in National Beverage by 7.5% during the 2nd quarter. Renaissance Technologies LLC now owns 2,670,500 shares of the company’s stock worth $119,184,000 after buying an additional 187,000 shares during the last quarter. Institutional investors own 33.63% of the company’s stock.

FIZZ opened at $43.30 on Thursday. National Beverage Corp. has a 12-month low of $38.28 and a 12-month high of $94.82. The company has a current ratio of 3.12, a quick ratio of 2.50 and a debt-to-equity ratio of 0.12. The firm has a market capitalization of $1.91 billion, a PE ratio of 14.43, a P/E/G ratio of 8.19 and a beta of 1.26. The firm has a 50 day moving average of $46.23 and a two-hundred day moving average of $46.11.

National Beverage (NASDAQ:FIZZ) last posted its earnings results on Thursday, September 5th. The company reported $0.74 earnings per share for the quarter, missing the consensus estimate of $0.77 by ($0.03). The firm had revenue of $263.57 million for the quarter, compared to analysts’ expectations of $272.85 million. National Beverage had a net margin of 12.85% and a return on equity of 35.66%. National Beverage’s revenue for the quarter was down 9.9% compared to the same quarter last year. During the same period last year, the firm earned $1.04 earnings per share. As a group, analysts predict that National Beverage Corp. will post 2.51 EPS for the current fiscal year.

A number of equities analysts have issued reports on FIZZ shares. ValuEngine lowered shares of National Beverage from a “buy” rating to a “hold” rating in a research report on Wednesday, November 6th. BidaskClub raised shares of National Beverage from a “sell” rating to a “hold” rating in a research report on Thursday, October 3rd. UBS Group reduced their price target on shares of National Beverage from $45.00 to $44.00 and set a “neutral” rating for the company in a research report on Monday, September 9th. Jefferies Financial Group reduced their price target on shares of National Beverage from $32.00 to $30.00 and set an “underperform” rating for the company in a research report on Monday. Finally, Zacks Investment Research lowered shares of National Beverage from a “hold” rating to a “sell” rating in a research report on Tuesday. Three investment analysts have rated the stock with a sell rating, five have assigned a hold rating and one has given a buy rating to the company’s stock. National Beverage presently has a consensus rating of “Hold” and a consensus target price of $56.88.

National Beverage Company Profile

National Beverage Corp., through its subsidiaries, develops, produces, markets, and sells a portfolio of waters, juices, energy drinks, and carbonated soft drinks primarily in the United States and Canada. The company offers beverages to the active and health-conscious consumers, including sparkling waters, energy drinks, and juices under the LaCroix, LaCroix Cúrate, LaCroix NiCola, Shasta Sparkling Water, the Rip It, Everfresh, Everfresh Premier Varietals, and Mr.

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Institutional Ownership by Quarter for National Beverage (NASDAQ:FIZZ)

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