SevenOneSeven Capital Management Invests $280,000 in National Beverage Corp. (NASDAQ:FIZZ)

SevenOneSeven Capital Management acquired a new position in shares of National Beverage Corp. (NASDAQ:FIZZ) during the second quarter, according to the company in its most recent disclosure with the SEC. The firm acquired 5,936 shares of the company’s stock, valued at approximately $280,000.

Several other hedge funds and other institutional investors have also recently modified their holdings of the company. Guggenheim Capital LLC grew its stake in shares of National Beverage by 3.1% during the 1st quarter. Guggenheim Capital LLC now owns 8,280 shares of the company’s stock worth $405,000 after purchasing an additional 250 shares during the period. State of Alaska Department of Revenue grew its stake in shares of National Beverage by 2.2% during the 2nd quarter. State of Alaska Department of Revenue now owns 16,139 shares of the company’s stock worth $762,000 after purchasing an additional 349 shares during the period. State Board of Administration of Florida Retirement System grew its stake in shares of National Beverage by 3.9% during the 2nd quarter. State Board of Administration of Florida Retirement System now owns 9,976 shares of the company’s stock worth $471,000 after purchasing an additional 376 shares during the period. J.W. Cole Advisors Inc. grew its stake in shares of National Beverage by 1.5% during the 2nd quarter. J.W. Cole Advisors Inc. now owns 26,800 shares of the company’s stock worth $1,266,000 after purchasing an additional 400 shares during the period. Finally, Bank of Montreal Can grew its stake in shares of National Beverage by 6.5% during the 2nd quarter. Bank of Montreal Can now owns 7,998 shares of the company’s stock worth $383,000 after purchasing an additional 485 shares during the period. 26.43% of the stock is currently owned by institutional investors and hedge funds.

National Beverage stock traded up $0.64 during trading on Thursday, reaching $56.53. The company had a trading volume of 4,054 shares, compared to its average volume of 673,463. The firm’s 50-day simple moving average is $48.78 and its 200 day simple moving average is $48.00. National Beverage Corp. has a 1-year low of $38.30 and a 1-year high of $98.21. The firm has a market capitalization of $5.28 billion, a PE ratio of 29.49 and a beta of 1.11.

National Beverage (NASDAQ:FIZZ) last released its quarterly earnings results on Wednesday, September 8th. The company reported $0.58 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.51 by $0.07. National Beverage had a net margin of 16.21% and a return on equity of 43.13%. The firm had revenue of $311.71 million for the quarter, compared to analysts’ expectations of $290.40 million. As a group, analysts expect that National Beverage Corp. will post 1.76 EPS for the current fiscal year.

Separately, Zacks Investment Research raised shares of National Beverage from a “hold” rating to a “buy” rating and set a $58.00 price objective on the stock in a research note on Tuesday, September 21st.

National Beverage Profile

National Beverage Corp. engages in the development, manufacture, market, and sale of flavored beverage products. Its brands include Big Shot, Clear Fruit, Crystal Bay, Everfresh, Everfresh Premier Varietals, Faygo, LaCroix, LaCroix C├║rate, Mr.Pure, Nicola, Ohana, Ritz, Rip It, Rip It 2oz Shot, Ritz and Shasta.

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

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