• FIZZ last closed at $33.25, down 4.29% from the prior session’s close.
  • UBS reaffirmed a Sell rating on National Beverage, cutting its target to $35 from $39.
  • UBS cited weak volume and takeaway trends and underperformance versus the consumer staples sector.
  • Shares trade near a 52-week low around the low-$30s, well below the $50+ 52-week high.
  • Upcoming fiscal Q2 2026 earnings on December 11 could be a key catalyst after recent weakness.