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National Beverage
(NASDAQ:FIZZ)
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Rating:73Outperform
Price Target:
$34.00
▲(1.92% Upside)
Action:Upgraded
Date:09/11/26
The score is driven primarily by strong underlying financial quality (healthy margins, low leverage, and solid cash generation). Offsetting this, technical indicators are weak with the stock trading below major moving averages and negative momentum signals. Valuation appears reasonable on earnings (P/E ~16.6), and the special dividend is a supportive corporate event, but limited revenue growth remains a key constraint.
Positive Factors
Strong Profitability
Healthy gross and net margins indicate that National Beverage retains meaningful profitability from its branded beverage portfolio. Their consistency across recent periods supports earnings resilience and provides capacity to fund marketing, innovation, operations, and shareholder returns.
Negative Factors
Limited Revenue Growth
Near-flat revenue indicates that brand demand, pricing, product mix, or distribution gains have not yet produced sustained top-line expansion. Without stronger sales growth, the company may have less operating leverage and fewer opportunities to compound earnings over coming quarters.
Read all positive and negative factors
Positive Factors
Negative Factors
Strong Profitability
Healthy gross and net margins indicate that National Beverage retains meaningful profitability from its branded beverage portfolio. Their consistency across recent periods supports earnings resilience and provides capacity to fund marketing, innovation, operations, and shareholder returns.
Read all positive factors
National Beverage (FIZZ) vs. SPDR S&P 500 ETF (SPY)
Market Cap
$2.96B
Dividend Yield10.44%
Average Volume (3M)338.23K
Price to Earnings (P/E)17.0
Beta (1Y)0.39
Revenue Growth-1.80%
EPS Growth-5.87%
CountryUS
Employees1,677
SectorConsumer Defensive
Sector Strength42
IndustryBeverages - Non-Alcoholic
Share Statistics
EPS (TTM)1.86
Shares Outstanding93,615,300
10 Day Avg. Volume414,403
30 Day Avg. Volume338,229
Financial Highlights & Ratios
PEG Ratio-8.70
Price to Book (P/B)5.02
Price to Sales (P/S)2.70
P/FCF Ratio20.46
Enterprise Value/Market Cap<0.01
Enterprise Value/Revenue<0.01
Enterprise Value/Gross Profit<0.01
Enterprise Value/Ebitda<0.01
Forecast
1Y Price Target
$31.00Price Target Upside-7.07% Downside
Rating ConsensusModerate Sell
Number of Analyst Covering1
EPS Forecast (FY)1.95
Revenue Forecast (FY)$1.23B
National Beverage Business Overview & Revenue Model
Company Description
National Beverage Corp., operating through its various subsidiaries, specializes in the creation, production, promotion, and distribution of a diverse portfolio of beverages. Its primary markets are the United States and Canada, where it offers sp...
How the Company Makes Money
National Beverage makes money primarily by selling packaged beverages to customers that distribute and resell them to consumers. Revenue is generated from wholesale shipments of its branded products—most notably sparkling water (including LaCroix)...
National Beverage Financial Statement Overview
Summary
Income Statement
78
Positive
Balance Sheet
82
Very Positive
Cash Flow
86
Very Positive
| Breakdown | TTM | Apr 2026 | Apr 2025 | Apr 2024 | Apr 2023 | Apr 2022 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 1.18B | 1.18B | 1.20B | 1.19B | 1.17B | 1.14B |
| Gross Profit | 427.59M | 437.26M | 443.94M | 428.45M | 396.79M | 417.81M |
| EBITDA | 241.41M | 252.78M | 265.37M | 250.01M | 219.97M | 239.40M |
| Net Income | 174.89M | 183.65M | 186.82M | 176.73M | 142.16M | 158.51M |
Balance Sheet | ||||||
| Total Assets | 582.27M | 851.65M | 672.86M | 770.15M | 574.34M | 467.80M |
| Cash, Cash Equivalents and Short-Term Investments | 107.10M | 349.54M | 193.84M | 327.05M | 158.07M | 48.05M |
| Total Debt | 58.77M | 58.94M | 72.12M | 54.77M | 41.53M | 61.25M |
| Total Liabilities | 214.56M | 215.93M | 228.86M | 210.64M | 201.85M | 228.37M |
| Stockholders Equity | 367.70M | 635.71M | 444.00M | 559.51M | 372.49M | 239.44M |
Cash Flow | ||||||
| Free Cash Flow | 161.90M | 156.11M | 170.41M | 167.61M | 139.69M | 104.12M |
| Operating Cash Flow | 187.01M | 181.25M | 206.70M | 197.91M | 161.66M | 133.13M |
| Investing Cash Flow | -25.10M | -25.12M | -36.27M | -30.25M | -21.95M | -29.00M |
| Financing Cash Flow | -304.65M | -422.00K | -303.63M | 1.31M | -29.69M | -249.67M |
National Beverage Technical Analysis
Neutral
33.36
Price Trends
31.65
Negative
31.57
Positive
31.28
Positive
Market Momentum
-0.04
Positive
48.99
Neutral
75.22
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For FIZZ, the sentiment is Neutral. The current price of 33.36 is above the 20-day moving average (MA) of 31.97, above the 50-day MA of 31.65, and above the 200-day MA of 31.28, indicating a neutral trend. The MACD of -0.04 indicates Positive momentum. The RSI at 48.99 is Neutral, neither overbought nor oversold. The STOCH value of 75.22 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Neutral sentiment for FIZZ.
National Beverage Risk Analysis
National Beverage disclosed 11 risk factors in its most recent earnings report. National Beverage reported the most risks in the "Production" category.
Finance & Corporate - Financial and accounting risks. Risks related to the execution of corporate activity and strategy
Latest Risks Added 0 New Risks
National Beverage Peers Comparison
UnderperformOutperform
Sector (62)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
77 Outperform | $3.23B | 29.12 | 31.09% | ― | 26.10% | 69.15% | |
76 Outperform | $5.88B | 16.56 | 16.86% | 3.85% | 13.18% | 11.27% | |
75 Outperform | $4.27B | 12.16 | 25.26% | 4.71% | 7.67% | 18.60% | |
73 Outperform | $2.96B | 16.99 | 32.60% | 10.44% | -1.80% | -5.87% | |
63 Neutral | $13.24B | 23.83 | -889.19% | 0.52% | 10.71% | 12.43% | |
62 Neutral | $20.33B | 14.63 | -3.31% | 3.23% | 1.93% | -12.26% | |
56 Neutral | $107.51M | -10.65 | -19.05% | ― | 7.22% | 42.48% |
* Consumer Defensive Sector Average
FIZZ
National Beverage
31.60
-2.78
-8.10%
KOF
Coca Cola Femsa SAB De CV
110.12
29.06
35.85%
COKE
Coca-Cola Bottling Co Consolidated
192.08
79.58
70.73%
AKO.A
Embotelladora Andina SA
24.16
4.74
24.43%
ZVIA
Zevia PBC
1.42
-0.96
-40.34%
COCO
Vita Coco Company
55.82
16.09
40.50%
National Beverage Corporate Events
Business Operations and StrategyDividendsFinancial Disclosures
National Beverage Declares Special Cash Dividend to Shareholders
Positive
Jul 2, 2026
On July 1, 2026, National Beverage Corp. declared a special cash dividend of $3.25 per share to shareholders of record on July 13, 2026, payable on or before July 30, 2026, marking its thirteenth cash distribution in 22 years and lifting cumulativ...
Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.