National Beverage Corp.
National Beverage Corp. (FIZZ) has a dated report snapshot, but its current priced-in claim is temporarily suppressed because the live engine record is unavailable or has changed.
Beverage brands are valued on margin and brand staying power, not on assets, and National Beverage screens well on that lens: a 32% return on equity, $314 million of cash and almost no debt, and a 37% gross margin. The capital-light economics are genuinely attractive. The problem is growth. Revenue has flattened, with Q3 fiscal 2026 net sales of $265 million essentially even with the prior year, and the price implies the market expects roughly no growth at all from here. No valuation method re
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230 institutional managers reported holding FIZZ in 13F filings for the quarter ended 2026-03-31. Together they hold about 25% of the company; the top 10 hold 18%. 37 opened new positions that quarter. Held by BlackRock, Renaissance Technologies, Vanguard Group, among others. On the short side, 3.3M shares were sold short as of the 2026-06-15 count, about 4% of shares outstanding (10.6 days of typical volume to cover).
Quarterly 13F filings arrive up to 45 days after quarter end, so the picture is never current (filed through 2026-05-29). Nothing here is investment advice.
FIZZ's share count is about flat over the past five years ($673k of repurchases, offset by issuance). It stopped paying its dividend within the past year. Cash returned over the past three years: $673k in repurchases.
Share counts are split-adjusted; repurchase totals are gross of share issuance. Nothing here is investment advice.
No open-market insider buys on file at FIZZ over the trailing three years. Absence is a fact about the company, not a signal. 4 officers and directors are on file.
Code P open-market purchases from SEC Form 4 filings, non-derivative, excluding scheduled 10b5-1 plans. Nothing here is investment advice.
FIZZ's recent reports: the day-one move, then what the following quarter actually did.
| report | day one | next quarter |
|---|---|---|
| 2017-03-10 | +1.6% | +17.3% |
| 2017-07-14 | -1.0% | +19.0% |
| 2017-09-08 | +1.4% | -21.3% |
| 2018-12-07 | +1.9% | -12.3% |
Day-one is the close-to-close move around the filing. Nothing here is investment advice.
FIZZ's latest 8-K filings: 2026-07-02 (items 2.02, 8.01, 9.01); 2026-03-13 (items 2.02, 9.01); 2025-12-12 (items 2.02, 9.01); 2025-10-31 (items 8.01, 9.01); 2025-10-06 (items 5.02, 5.07).
Item codes are the SEC's own classification of what each report discloses. Nothing here is investment advice.
Last analyzed: June 27, 2026
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For informational and research purposes only. Not investment advice. Not a recommendation to buy, sell, or hold any security. boothcheck is not a registered investment adviser. Past performance does not guarantee future results.