Anchor Capital Advisors LLC Maintains Stake in National Beverage Corp. (FIZZ)
Anchor Capital Advisors LLC held its position in National Beverage Corp. (NASDAQ:FIZZ) during the second quarter, Holdings Channel reports. The fund owned 2,880 shares of the company’s stock at the end of the second quarter. Anchor Capital Advisors LLC’s holdings in National Beverage Corp. were worth $269,000 at the end of the most recent quarter.
A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in FIZZ. Campbell & CO Investment Adviser LLC bought a new position in National Beverage Corp. during the second quarter valued at $669,000. Strs Ohio bought a new position in National Beverage Corp. during the second quarter valued at $832,000. Russell Investments Group Ltd. bought a new position in National Beverage Corp. during the second quarter valued at $3,354,000. Emerald Mutual Fund Advisers Trust bought a new position in National Beverage Corp. during the second quarter valued at $3,693,000. Finally, Emerald Advisers Inc. PA bought a new position in National Beverage Corp. during the second quarter valued at $5,763,000. Hedge funds and other institutional investors own 21.71% of the company’s stock.
National Beverage Corp. (NASDAQ:FIZZ) opened at 110.58 on Wednesday. The firm has a market cap of $5.15 billion, a price-to-earnings ratio of 48.29 and a beta of 0.59. National Beverage Corp. has a 1-year low of $39.14 and a 1-year high of $110.95. The firm has a 50-day moving average of $97.22 and a 200 day moving average of $80.45.
National Beverage Corp. (NASDAQ:FIZZ) last announced its quarterly earnings results on Thursday, July 13th. The company reported $0.62 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.60 by $0.02. National Beverage Corp. had a net margin of 12.95% and a return on equity of 44.68%. The firm had revenue of $212.10 million for the quarter, compared to analyst estimates of $213.50 million. The company’s revenue was up 18.5% on a year-over-year basis. Analysts expect that National Beverage Corp. will post $2.71 earnings per share for the current fiscal year.
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Several research analysts have weighed in on the stock. Maxim Group reiterated a “sell” rating and issued a $33.00 price objective on shares of National Beverage Corp. in a research note on Thursday, July 13th. Credit Suisse Group lowered shares of National Beverage Corp. from a “neutral” rating to an “underperform” rating and set a $82.00 price objective on the stock. in a research note on Friday, July 21st.
About National Beverage Corp.
National Beverage Corp. is a holding company. The Company develops, produces, markets and sells a diverse portfolio of flavored beverage products primarily in North America. The Company’s brands consist of beverages geared to the active and health-conscious consumer (Power+ Brands), including sparkling waters, energy drinks and juices, and carbonated soft drinks in a range of flavors, including regular, sugar-free and reduced calorie options.
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