National Beverage Corp.
In the published model solve dated 2026-Q2, anchored at $32.24, National Beverage Corp. (FIZZ) is priced for -4.8% growth. boothcheck publishes no house fair value, target price, or buy/sell rating; individual model outputs and user-controlled scenarios are analytical inputs, not Boothcheck targets. The narrative was composed July 26, 2026 from SEC EDGAR filings.
• National Beverage owns its brands and lets its retail customers do most of the hauling, a structure that turned $1,180.6 million of fiscal 2026 net sales into $230.1 million of operating income with nothing borrowed against it. • Volume is the problem: cases sold fell 6.7% in fiscal 2026, and the profit line was defended almost entirely by charging more for each case that did sell. • First-quarter fiscal 2027 results are scheduled for September 10, 2026, the first report after a special divide
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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. Dates link to the filing on EDGAR. Nothing here is investment advice.
Model solve date: 2026-Q2
Narrative composed: July 26, 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.