12:05 PM EDT, 06/05/2025 (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:

We lower our 12-month target to $28 from $34, based on a FY 27 (Apr.) P/E of 17.0x, a steep but justified discount to historic averages. We lower our FY 26 EPS estimate by $0.20 to $1.65 and introduce FY 27 at $1.70. BF.B posted Apr-Q EPS of $0.31 vs. $0.56 (-45%), short of the $0.33 consensus. BF.B's net sales fell 7% to $894M ($70M below consensus) and gross margin contracted 170 bps to 57.3% (240 bps short of consensus). BF.B introduced disappointing FY 26 guidance for organic net sales and operating income decline in the low single digits due to continued consumer uncertainty and potential tariff impacts. The current FY 26 consensus assumes Y/Y net sales and operating income growth of 7% and 12%, respectively. In our opinion, this was a much worse than expected release, and the company faces near-term pressure from distributor inventory normalization and competitive dynamics in categories such as tequila. We remain on the sidelines despite an increasingly attractive valuation due to a lack of catalysts.