UBS cuts National Beverage price target to $31 after Q1 earnings miss and margin pressure.

UBS lowered its price target for National Beverage Corp. to $31 following the company's Q1 earnings report, which missed expectations. The company posted earnings per share of $0.50 and sales of $330.66 million, both below analyst estimates. Profitability was hurt by a reduced gross margin of 35%, driven by higher input costs and tariffs. Price increases to offset costs led to weaker consumer demand and lower sales volume, impacting overall performance and investor sentiment.