<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 對 National Beverage Corp.的股票維持持有評級，將 12 個月的目標價下調至 38 美元，並調整了 2026 財年和 2027 財年的每股收益預期。該公司在提升收入方面面臨挑戰，案例銷量下降，新產品銷售乏力。儘管近期進行了股票回購且相較歷史平均水平存在折扣，CFRA 認為該公司的估值合理，催化劑有限</p>

研究警報：CFRA 維持對 National Beverage Corp.股票的持有評級