Utz Brands (NYSE:UTZ – Get Rating) is set to release its earnings data before the market opens on Thursday, May 12th. Analysts expect Utz Brands to post earnings of $0.09 per share for the quarter. Utz Brands has set its FY 2022 guidance at EPS.Persons that are interested in registering for the company’s earnings conference call can do so using this link.
Utz Brands (NYSE:UTZ – Get Rating) last announced its earnings results on Thursday, March 3rd. The company reported $0.11 EPS for the quarter, missing the Zacks’ consensus estimate of $0.15 by ($0.04). The business had revenue of $300.90 million for the quarter, compared to the consensus estimate of $297.66 million. Utz Brands had a net margin of 1.74% and a return on equity of 5.40%. The business’s quarterly revenue was up 22.2% on a year-over-year basis. During the same quarter last year, the firm posted $0.33 EPS. On average, analysts expect Utz Brands to post $1 EPS for the current fiscal year and $1 EPS for the next fiscal year.
Shares of Utz Brands stock opened at $14.42 on Thursday. The stock has a market cap of $1.99 billion, a price-to-earnings ratio of 68.67 and a beta of 0.64. The firm’s 50-day moving average is $14.71 and its 200 day moving average is $15.59. Utz Brands has a 1 year low of $13.50 and a 1 year high of $29.89. The company has a debt-to-equity ratio of 0.60, a current ratio of 1.48 and a quick ratio of 1.06.
In other Utz Brands news, COO Cary Devore purchased 7,225 shares of Utz Brands stock in a transaction dated Monday, March 7th. The stock was purchased at an average price of $13.83 per share, with a total value of $99,921.75. The purchase was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, Director Antonio F. Fernandez purchased 25,700 shares of Utz Brands stock in a transaction dated Monday, March 7th. The shares were acquired at an average cost of $13.76 per share, with a total value of $353,632.00. The disclosure for this purchase can be found here. In the last three months, insiders acquired 48,399 shares of company stock valued at $666,617. 17.26% of the stock is owned by insiders.
A number of institutional investors have recently added to or reduced their stakes in UTZ. KB Financial Partners LLC purchased a new stake in Utz Brands in the 4th quarter worth approximately $55,000. Citigroup Inc. increased its holdings in Utz Brands by 110.7% in the 4th quarter. Citigroup Inc. now owns 17,931 shares of the company’s stock worth $286,000 after acquiring an additional 9,420 shares in the last quarter. Squarepoint Ops LLC purchased a new stake in Utz Brands in the 4th quarter worth approximately $337,000. Royal Bank of Canada increased its holdings in Utz Brands by 58.7% in the 3rd quarter. Royal Bank of Canada now owns 25,587 shares of the company’s stock worth $439,000 after acquiring an additional 9,468 shares in the last quarter. Finally, Invesco Ltd. boosted its stake in Utz Brands by 21.1% in the 3rd quarter. Invesco Ltd. now owns 28,731 shares of the company’s stock worth $492,000 after purchasing an additional 5,007 shares during the period. 44.28% of the stock is owned by institutional investors.
A number of equities analysts recently issued reports on the stock. Zacks Investment Research cut shares of Utz Brands from a “hold” rating to a “sell” rating in a research note on Wednesday. Credit Suisse Group cut shares of Utz Brands from an “outperform” rating to a “neutral” rating and dropped their price target for the stock from $20.00 to $16.50 in a research note on Tuesday, April 12th. Oppenheimer cut shares of Utz Brands from an “outperform” rating to a “market perform” rating in a research note on Tuesday, February 8th. Bank of America started coverage on Utz Brands in a research report on Wednesday, January 5th. They issued a “neutral” rating and a $19.00 target price for the company. Finally, Stephens lowered Utz Brands from an “overweight” rating to an “equal weight” rating and decreased their target price for the stock from $23.00 to $18.00 in a research report on Wednesday, January 19th. One investment analyst has rated the stock with a sell rating, five have assigned a hold rating and two have given a buy rating to the stock. According to MarketBeat, the stock presently has an average rating of “Hold” and a consensus price target of $20.43.
Utz Brands Company Profile (Get Rating)
Utz Brands, Inc operates as a snack food manufacturing company. It offers a range of salty snacks, including potato chips, kettle chips, tortilla chips, pretzels, cheese snacks, veggie snacks, pork skins, pub/party mixes, salsa and queso, ready-to-eat popcorn, and other snacks under the Utz, Zapp's, ON THE BORDER, Golden Flake, Good Health, Boulder Canyon, Hawaiian, TGIF, TORTIYAHS!, and other brand names.
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