<div id="readability-page-1"><p>11:45 AM EST, 12/12/2025 (MT Newswires) -- CFRA, an independent research provider, has provided MT Newswires with the following research alert. Analysts at CFRA have summarized their opinion as follows:</p><p>We lower our 12-month price target by $7 to $38, based on a 2027 P/E of 18.5x, a justified discount to FIZZ's five-year mean forward P/E of 25.9x. We lower our adjusted EPS estimates to $2.00 from $2.05 for FY 26 and to $2.05 from $2.10 for FY 27. Following FIZZ's fiscal Q2 2026 bottom-line miss, we are lowering our estimates and price target and maintaining a Hold opinion on the shares. In our view, the primary challenge facing the company is growing its top line in a difficult environment for beverage companies, noting that FIZZ's case volumes were down 6.0%, while its average sales price was up 5.3% during the quarter. In our view, the company's lack of consumer traction with new products continues to weigh on growth, as sales of new LaCroix flavors have been tepid. While we regard FIZZ's recent initiation of buybacks as positive and the shares are currently trading at a material discount to historic average multiples, we consider its valuation fair and catalysts remain difficult to identify.</p> <p>MT Newswires does not provide investment advice. Unauthorized reproduction is strictly prohibited.</p></div>

FIZZ

<p>CFRA 对 National Beverage Corp.的股票维持持有评级，将 12 个月的目标价下调至 38 美元，并调整了 2026 财年和 2027 财年的每股收益预期。该公司在提升收入方面面临挑战，案例销量下降，新产品销售乏力。尽管近期进行了股票回购且相较历史平均水平存在折扣，CFRA 认为该公司的估值合理，催化剂有限</p>

研究警报：CFRA 维持对 National Beverage Corp.股票的持有评级