National Beverage Corp. (NASDAQ:FIZZ) Short Interest Update

National Beverage Corp. (NASDAQ:FIZZGet Rating) was the target of a large decline in short interest during the month of August. As of August 31st, there was short interest totalling 2,030,000 shares, a decline of 7.7% from the August 15th total of 2,200,000 shares. Approximately 8.7% of the shares of the company are sold short. Based on an average daily trading volume, of 151,300 shares, the short-interest ratio is presently 13.4 days.

National Beverage Stock Up 0.2 %

FIZZ opened at $42.28 on Tuesday. The firm has a 50-day simple moving average of $51.80 and a two-hundred day simple moving average of $48.07. National Beverage has a 52 week low of $38.10 and a 52 week high of $64.67. The company has a market capitalization of $3.95 billion, a PE ratio of 28.38 and a beta of 0.87.

National Beverage (NASDAQ:FIZZGet Rating) last announced its quarterly earnings results on Wednesday, June 29th. The company reported $0.36 EPS for the quarter, missing analysts’ consensus estimates of $0.46 by ($0.10). National Beverage had a net margin of 12.25% and a return on equity of 48.49%. The business had revenue of $284.22 million during the quarter, compared to the consensus estimate of $293.70 million. As a group, sell-side analysts expect that National Beverage will post 1.31 earnings per share for the current year.

Insider Buying and Selling at National Beverage

In other news, Director Cecil D. Conlee sold 12,000 shares of the company’s stock in a transaction on Monday, July 11th. The stock was sold at an average price of $49.52, for a total value of $594,240.00. Following the completion of the sale, the director now directly owns 68,680 shares in the company, valued at approximately $3,401,033.60. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Company insiders own 75.00% of the company’s stock.

Institutional Trading of National Beverage

Several institutional investors and hedge funds have recently modified their holdings of the stock. Goldman Sachs Group Inc. lifted its holdings in shares of National Beverage by 50.0% in the 2nd quarter. Goldman Sachs Group Inc. now owns 191,751 shares of the company’s stock worth $9,384,000 after buying an additional 63,947 shares during the period. Renaissance Technologies LLC lifted its holdings in shares of National Beverage by 1.3% in the 2nd quarter. Renaissance Technologies LLC now owns 4,147,644 shares of the company’s stock worth $202,986,000 after buying an additional 54,100 shares during the period. Values First Advisors Inc. purchased a new stake in shares of National Beverage during the 4th quarter worth $2,094,000. Isthmus Partners LLC purchased a new stake in shares of National Beverage during the 1st quarter worth $1,812,000. Finally, Natixis Advisors L.P. lifted its stake in shares of National Beverage by 9.7% during the 2nd quarter. Natixis Advisors L.P. now owns 411,428 shares of the company’s stock worth $20,135,000 after purchasing an additional 36,366 shares during the last quarter. Institutional investors own 24.27% of the company’s stock.

Analyst Ratings Changes

Separately, UBS Group dropped their target price on shares of National Beverage from $43.00 to $42.00 and set a “sell” rating for the company in a report on Monday, September 12th.

National Beverage Company Profile

(Get Rating)

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 offers beverages to the active and health-conscious consumers, including sparkling waters, energy drinks, and juices under the LaCroix, LaCroix Cúrate, LaCroix NiCola, Clear Fruit, Rip It, Everfresh, Everfresh Premier Varietals, and Mr.

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