Utz Brands, Inc. (NYSE:UTZ) EVP Mark Schreiber Sells 20,103 Shares

Utz Brands, Inc. (NYSE:UTZ) EVP Mark Schreiber sold 20,103 shares of the firm’s stock in a transaction dated Monday, May 6th. The shares were sold at an average price of $19.47, for a total transaction of $391,405.41. Following the completion of the transaction, the executive vice president now directly owns 108,126 shares in the company, valued at approximately $2,105,213.22. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink.

Utz Brands Price Performance

Shares of UTZ opened at $18.98 on Wednesday. The company has a debt-to-equity ratio of 0.54, a quick ratio of 0.95 and a current ratio of 1.40. The firm has a market capitalization of $2.67 billion, a PE ratio of -75.92, a P/E/G ratio of 1.32 and a beta of 0.97. The stock has a 50 day simple moving average of $18.02 and a 200 day simple moving average of $16.28. Utz Brands, Inc. has a 52-week low of $11.17 and a 52-week high of $20.04.

Utz Brands (NYSE:UTZ) last issued its quarterly earnings data on Thursday, May 2nd. The company reported $0.14 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.13 by $0.01. The company had revenue of $346.50 million during the quarter, compared to the consensus estimate of $346.99 million. Utz Brands had a negative net margin of 1.38% and a positive return on equity of 6.16%. The firm’s revenue was down 1.4% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $0.11 earnings per share. Sell-side analysts predict that Utz Brands, Inc. will post 0.72 EPS for the current fiscal year.

Utz Brands Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, May 2nd. Stockholders of record on Monday, April 15th were issued a $0.059 dividend. This represents a $0.24 dividend on an annualized basis and a dividend yield of 1.24%. This is a positive change from Utz Brands’s previous quarterly dividend of $0.06. The ex-dividend date was Friday, April 12th. Utz Brands’s payout ratio is -96.00%.

Wall Street Analysts Forecast Growth

A number of equities analysts have issued reports on UTZ shares. Needham & Company LLC raised their price objective on shares of Utz Brands from $20.50 to $22.00 and gave the company a “buy” rating in a research note on Friday, May 3rd. Barclays lifted their price objective on Utz Brands from $20.00 to $23.00 and gave the stock an “overweight” rating in a research note on Monday. Truist Financial upped their price objective on Utz Brands from $13.00 to $17.00 and gave the company a “hold” rating in a report on Monday, March 4th. Piper Sandler raised their target price on Utz Brands from $18.00 to $21.00 and gave the stock an “overweight” rating in a report on Friday, March 1st. Finally, Royal Bank of Canada upped their price target on Utz Brands from $19.00 to $23.00 and gave the company an “outperform” rating in a research note on Friday, May 3rd. Three analysts have rated the stock with a hold rating and nine have given a buy rating to the stock. Based on data from MarketBeat, Utz Brands has an average rating of “Moderate Buy” and a consensus price target of $20.42.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently modified their holdings of the company. Gratus Capital LLC acquired a new stake in Utz Brands in the 3rd quarter valued at approximately $6,468,000. Readystate Asset Management LP bought a new position in shares of Utz Brands during the 4th quarter worth approximately $7,302,000. Envestnet Asset Management Inc. raised its holdings in shares of Utz Brands by 72.0% in the third quarter. Envestnet Asset Management Inc. now owns 710,165 shares of the company’s stock valued at $9,538,000 after purchasing an additional 297,395 shares during the last quarter. Dimensional Fund Advisors LP lifted its position in shares of Utz Brands by 26.0% in the fourth quarter. Dimensional Fund Advisors LP now owns 1,212,493 shares of the company’s stock worth $19,691,000 after purchasing an additional 250,557 shares in the last quarter. Finally, First Eagle Investment Management LLC boosted its holdings in Utz Brands by 96.5% during the third quarter. First Eagle Investment Management LLC now owns 409,027 shares of the company’s stock worth $5,493,000 after purchasing an additional 200,850 shares during the last quarter. 95.97% of the stock is owned by institutional investors and hedge funds.

About Utz Brands

Utz Brands, Inc engages in manufacture, marketing, and distribution of snack foods. It offers a range of salty snacks, including salty snacks, including potato chips, tortilla chips, pretzels, cheese snacks, pork skins, veggie snacks, pub/party mixes, tortilla chips, salsa and dips, ready-to-eat popcorn, and other snacks under the Utz, Zapp's, ON THE BORDER, Golden Flake, Boulder Canyon, Hawaiian, TORTIYAHS!, etc.