10:30 AM EDT, 03/13/2026 (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 maintain a 12-month target of $38, based on a FY 27 P/E of 18.5x, a justified discount to FIZZ's five-year mean forward P/E of 25.4x. We lower our adjusted EPS estimates by $0.05 to $2.00 for FY 26 and by $0.05 to $2.05 for FY 27. Following FIZZ's fiscal Q3 2026 earnings release, we are lowering our estimates and maintaining a Hold opinion on the shares. FIZZ's earnings were in-line and operational results were mixed, as net sales fell short of consensus but gross margin came in ahead of expectations. In our view, FIZZ's primary challenge remains growing its top line in a difficult environment for beverage companies, but the company continues to do a good job on the cost side. One positive for shareholders is that we believe the company's balance sheet is at a point where it is likely to declare a special dividend at some point in the coming months, which it has done periodically for years (its last special dividend of $3.25/share was paid in July 2024). We continue to consider FIZZ's valuation fair.