Insider Selling: Utz Brands, Inc. (NYSE:UTZ) Director Sells 10,003 Shares of Stock

Utz Brands, Inc. (NYSE:UTZ) Director Dylan Lissette sold 10,003 shares of the firm’s stock in a transaction on Tuesday, May 7th. The stock was sold at an average price of $19.11, for a total transaction of $191,157.33. Following the completion of the sale, the director now owns 118,222 shares in the company, valued at $2,259,222.42. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink.

Utz Brands Trading Down 2.2 %

Shares of UTZ stock opened at $18.55 on Thursday. The company has a quick ratio of 0.95, a current ratio of 1.40 and a debt-to-equity ratio of 0.54. The company has a market capitalization of $2.61 billion, a P/E ratio of -74.18, a P/E/G ratio of 1.32 and a beta of 0.97. Utz Brands, Inc. has a 12-month low of $11.17 and a 12-month high of $20.04. The firm has a 50-day moving average price of $18.03 and a 200 day moving average price of $16.33.

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

Utz Brands Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, May 2nd. Stockholders of record on Monday, April 15th were paid a $0.059 dividend. The ex-dividend date was Friday, April 12th. This is a positive change from Utz Brands’s previous quarterly dividend of $0.06. This represents a $0.24 dividend on an annualized basis and a dividend yield of 1.27%. Utz Brands’s dividend payout ratio (DPR) is -96.00%.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently added to or reduced their stakes in UTZ. Gratus Capital LLC bought a new position in shares of Utz Brands in the third quarter worth about $6,468,000. Readystate Asset Management LP acquired a new position in Utz Brands during the 4th quarter worth $7,302,000. Envestnet Asset Management Inc. boosted its position in Utz Brands by 72.0% in the 3rd quarter. Envestnet Asset Management Inc. now owns 710,165 shares of the company’s stock valued at $9,538,000 after buying an additional 297,395 shares during the last quarter. Dimensional Fund Advisors LP increased its stake in shares of Utz Brands by 26.0% in the 4th quarter. Dimensional Fund Advisors LP now owns 1,212,493 shares of the company’s stock valued at $19,691,000 after buying an additional 250,557 shares during the period. Finally, First Eagle Investment Management LLC raised its position in shares of 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 acquiring an additional 200,850 shares during the last quarter. Institutional investors and hedge funds own 95.97% of the company’s stock.

Analyst Upgrades and Downgrades

Several research firms recently weighed in on UTZ. Barclays lifted their target price on Utz Brands from $20.00 to $23.00 and gave the stock an “overweight” rating in a research report on Monday. Piper Sandler boosted their price objective on Utz Brands from $18.00 to $21.00 and gave the company an “overweight” rating in a research report on Friday, March 1st. Truist Financial raised their target price on Utz Brands from $13.00 to $17.00 and gave the stock a “hold” rating in a research report on Monday, March 4th. Royal Bank of Canada boosted their price target on shares of Utz Brands from $19.00 to $23.00 and gave the company an “outperform” rating in a report on Friday, May 3rd. Finally, DA Davidson initiated coverage on shares of Utz Brands in a report on Friday, March 1st. They set a “neutral” rating and a $20.00 price objective for the company. Three equities research analysts have rated the stock with a hold rating and nine have given a buy rating to the company. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $20.42.

Utz Brands Company Profile

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.