Utz Brands, Inc. (NYSE:UTZ) Shares Bought by MML Investors Services LLC

MML Investors Services LLC grew its holdings in shares of Utz Brands, Inc. (NYSE:UTZ – Get Rating) by 6.6% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 17,792 shares of the company’s stock after purchasing an additional 1,105 shares during the quarter. MML Investors Services LLC’s holdings in Utz Brands were worth $269,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Outfitter Financial LLC boosted its stake in Utz Brands by 1.7% during the 3rd quarter. Outfitter Financial LLC now owns 47,245 shares of the company’s stock worth $713,000 after purchasing an additional 805 shares during the last quarter. Emerald Mutual Fund Advisers Trust acquired a new stake in Utz Brands during the 3rd quarter worth $4,636,000. DAVENPORT & Co LLC boosted its stake in Utz Brands by 2.6% during the 3rd quarter. DAVENPORT & Co LLC now owns 425,427 shares of the company’s stock worth $6,424,000 after purchasing an additional 10,835 shares during the last quarter. King Luther Capital Management Corp raised its holdings in shares of Utz Brands by 25.6% during the 3rd quarter. King Luther Capital Management Corp now owns 324,272 shares of the company’s stock worth $4,897,000 after acquiring an additional 66,123 shares during the period. Finally, Arizona State Retirement System raised its holdings in shares of Utz Brands by 4.4% during the 3rd quarter. Arizona State Retirement System now owns 17,550 shares of the company’s stock worth $265,000 after acquiring an additional 733 shares during the period. Institutional investors and hedge funds own 46.66% of the company’s stock.

Analyst Upgrades and Downgrades

Separately, The Goldman Sachs Group lifted their price target on Utz Brands from $18.00 to $20.00 and gave the stock a “neutral” rating in a report on Friday, March 3rd.

Utz Brands Stock Up 0.7 %

NYSE UTZ opened at $16.64 on Friday. Utz Brands, Inc. has a 52 week low of $12.06 and a 52 week high of $19.98. The company has a quick ratio of 1.07, a current ratio of 1.57 and a debt-to-equity ratio of 0.63. The business’s fifty day simple moving average is $16.49 and its 200-day simple moving average is $16.45. The firm has a market cap of $2.33 billion, a PE ratio of -1,664.00, a P/E/G ratio of 3.03 and a beta of 0.82.

Utz Brands (NYSE:UTZ – Get Rating) last issued its quarterly earnings data on Thursday, March 2nd. The company reported $0.15 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.12 by $0.03. The firm had revenue of $354.70 million for the quarter, compared to analyst estimates of $336.71 million. Utz Brands had a negative net margin of 0.03% and a positive return on equity of 5.37%. Utz Brands’s revenue was up 17.9% on a year-over-year basis. During the same period in the previous year, the firm earned $0.11 EPS. As a group, equities analysts anticipate that Utz Brands, Inc. will post 0.54 earnings per share for the current year.

Utz Brands Profile

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UTZ Brands, Inc manufactures, markets, and distributes branded snacking products. It offers a broad range of salty snacks, including potato chips, pretzels, cheese, veggie, other snacks and pork skins. The firm’s brands include Utz, Zapp’s, Golden Flake, Good Health, Boulder Canyon and Hawaiian. The company was founded in 1921 and is headquartered in Hanover, PA.