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National Beverage
(NASDAQ:FIZZ)
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Rating:67Neutral
Price Target:
$36.00
▼(-1.15% Downside)
Action:Reiterated
Date:07/03/26
The score is driven primarily by strong profitability and a conservatively leveraged balance sheet, reinforced by solid operating cash generation. Offsetting this, technical indicators are weak (price below major moving averages and negative MACD), and business momentum is constrained by flat-to-declining revenue and softer free cash flow. Valuation appears reasonable at ~17x earnings, with an added positive from the announced special dividend.
Positive Factors
Sustained Profitability
Consistently strong gross and net margins indicate durable pricing power and manufacturing efficiency. These margins support cash generation and high returns on equity, providing a steady earnings base that helps fund dividends and weather modest top-line volatility over the next several months.
Negative Factors
Stagnant Revenue
Flat-to-declining top-line growth limits scalability of the business and constrains long-term earnings expansion despite healthy margins. Without clear, sustained revenue acceleration or broader distribution gains, underlying profit growth may be capped over the coming quarters.
Read all positive and negative factors
Positive Factors
Negative Factors
Sustained Profitability
Consistently strong gross and net margins indicate durable pricing power and manufacturing efficiency. These margins support cash generation and high returns on equity, providing a steady earnings base that helps fund dividends and weather modest top-line volatility over the next several months.
Read all positive factors
National Beverage (FIZZ) vs. SPDR S&P 500 ETF (SPY)
Market Cap
$3.12B
Dividend YieldN/A
Average Volume (3M)234.48K
Price to Earnings (P/E)17.0
Beta (1Y)0.31
Revenue Growth-1.73%
EPS Growth-1.71%
CountryUS
Employees1,559
SectorConsumer Defensive
Sector Strength42
IndustryBeverages - Non-Alcoholic
Share Statistics
EPS (TTM)1.96
Shares Outstanding93,612,100
10 Day Avg. Volume200,740
30 Day Avg. Volume234,478
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 Cap1.02
Enterprise Value/Revenue2.71
Enterprise Value/Gross Profit7.31
Enterprise Value/Ebitda13.89
Forecast
1Y Price Target
$33.00Price Target Upside-9.39% Downside
Rating ConsensusModerate Sell
Number of Analyst Covering1
EPS Forecast (FY)2.01
Revenue Forecast (FY)$1.22B
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
76
Positive
Balance Sheet
84
Very Positive
Cash Flow
73
Positive
| Breakdown | Apr 2026 | Apr 2025 | Apr 2024 | Apr 2023 | Apr 2022 |
|---|---|---|---|---|---|
Income Statement | |||||
| Total Revenue | 1.18B | 1.20B | 1.19B | 1.17B | 1.14B |
| Gross Profit | 437.26M | 443.94M | 428.45M | 396.79M | 417.81M |
| EBITDA | 230.11M | 265.37M | 250.01M | 219.97M | 239.40M |
| Net Income | 183.65M | 186.82M | 176.73M | 142.16M | 158.51M |
Balance Sheet | |||||
| Total Assets | 851.65M | 672.86M | 770.15M | 574.34M | 467.80M |
| Cash, Cash Equivalents and Short-Term Investments | 349.54M | 193.84M | 327.05M | 158.07M | 48.05M |
| Total Debt | 58.94M | 72.12M | 54.77M | 41.53M | 61.25M |
| Total Liabilities | 215.93M | 228.86M | 210.64M | 201.85M | 228.37M |
| Stockholders Equity | 635.71M | 444.00M | 559.51M | 372.49M | 239.44M |
Cash Flow | |||||
| Free Cash Flow | 156.11M | 170.41M | 167.61M | 139.69M | 104.12M |
| Operating Cash Flow | 181.25M | 206.70M | 197.91M | 161.66M | 133.13M |
| Investing Cash Flow | -25.12M | -36.27M | -30.25M | -21.95M | -29.00M |
| Financing Cash Flow | -422.00K | -303.63M | 1.31M | -29.69M | -249.67M |
National Beverage Technical Analysis
Neutral
36.42
Price Trends
34.95
Negative
35.02
Negative
34.76
Negative
Market Momentum
-0.97
Positive
44.72
Neutral
17.46
Positive
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 36.42 is above the 20-day moving average (MA) of 34.81, above the 50-day MA of 34.95, and above the 200-day MA of 34.76, indicating a bearish trend. The MACD of -0.97 indicates Positive momentum. The RSI at 44.72 is Neutral, neither overbought nor oversold. The STOCH value of 17.46 is Positive, 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 |
|---|---|---|---|---|---|---|---|
74 Outperform | $3.78B | 45.73 | 25.43% | ― | 23.05% | 36.53% | |
67 Neutral | $3.12B | 17.01 | 35.99% | ― | -1.73% | -1.71% | |
67 Neutral | $5.64B | 17.08 | 16.39% | 3.98% | 6.57% | -0.27% | |
65 Neutral | $4.13B | 12.16 | 25.26% | 4.78% | 5.80% | 23.83% | |
62 Neutral | $20.33B | 14.63 | -3.31% | 3.23% | 1.93% | -12.26% | |
57 Neutral | $13.02B | 25.02 | 122.90% | 0.61% | 8.81% | 14.00% | |
53 Neutral | $134.72M | -16.86 | -13.99% | ― | 9.76% | 67.59% |
* Consumer Defensive Sector Average
FIZZ
National Beverage
33.33
-13.58
-28.95%
KOF
Coca Cola Femsa SAB De CV
107.38
13.93
14.90%
COKE
Coca-Cola Bottling Co Consolidated
195.63
78.76
67.39%
AKO.A
Embotelladora Andina SA
22.61
3.71
19.62%
ZVIA
Zevia PBC
1.75
-1.41
-44.62%
COCO
Vita Coco Company
66.16
28.60
76.14%
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.