What Smart Money Thinks about National Beverage Corp. (FIZZ)?

As industrywide interest jumped, some big names have been driving this bullishness. Bloom Tree Partners, led by Alok Agrawal, assembled the most valuable position in National Beverage Corp. (NASDAQ:FIZZ). Bloom Tree Partners had $14.1 million invested in the company at the end of the quarter. Andrew Sandler’s Sandler Capital Management also made a $13.2 million investment in the stock during the quarter. The other funds with new positions in the stock are Carson Yost’s Yost Capital Management, Scott Scher & Michael Prober’s Clovis Capital Management, and Israel Englander’s Millennium Management.

Let’s now review hedge fund activity in other stocks similar to National Beverage Corp. (NASDAQ:FIZZ). We will take a look at Prestige Brands Holdings, Inc. (NYSE:PBH), Metals USA Holdings Corp (NYSE:MUSA), Owens-Illinois Inc (NYSE:OI), and Cimpress NV (NASDAQ:CMPR). This group of stocks’ market valuations are similar to FIZZ’s market valuation.

As you can see these stocks had an average of 19 hedge funds with bullish positions and the average amount invested in these stocks was $444 million. That figure was $146 million in FIZZ’s case. Owens-Illinois Inc (NYSE:OI) is the most popular stock in this table. On the other hand Cimpress NV (NASDAQ:CMPR) is the least popular one with only 15 investors reporting long positions. National Beverage Corp. (NASDAQ:FIZZ) is not the most popular stock in this group, but hedge fund interest is still above average. This is a slightly positive signal but we’d rather spend our time researching stocks that hedge funds are piling on. In this regard Owens-Illinois Inc (NYSE:OI) might be a better candidate to consider taking a long position in.