Diversify Advisory Services LLC Invests $359,000 in Utz Brands, Inc. (NYSE:UTZ)

Diversify Advisory Services LLC acquired a new position in Utz Brands, Inc. (NYSE:UTZFree Report) during the 1st quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund acquired 19,296 shares of the company’s stock, valued at approximately $359,000.

Several other large investors have also recently modified their holdings of the stock. Norden Group LLC purchased a new position in shares of Utz Brands in the first quarter worth about $620,000. Verdence Capital Advisors LLC increased its holdings in Utz Brands by 45.3% during the 1st quarter. Verdence Capital Advisors LLC now owns 22,746 shares of the company’s stock valued at $419,000 after purchasing an additional 7,091 shares during the period. AMI Asset Management Corp increased its holdings in Utz Brands by 7.3% during the 1st quarter. AMI Asset Management Corp now owns 208,465 shares of the company’s stock valued at $3,844,000 after purchasing an additional 14,264 shares during the period. Legacy Wealth Asset Management LLC increased its holdings in Utz Brands by 12.8% during the 1st quarter. Legacy Wealth Asset Management LLC now owns 25,914 shares of the company’s stock valued at $478,000 after purchasing an additional 2,949 shares during the period. Finally, Diversified Trust Co increased its holdings in Utz Brands by 11.7% during the 1st quarter. Diversified Trust Co now owns 42,945 shares of the company’s stock valued at $792,000 after purchasing an additional 4,490 shares during the period. Hedge funds and other institutional investors own 95.97% of the company’s stock.

Utz Brands Price Performance

NYSE:UTZ opened at $16.50 on Friday. The company has a debt-to-equity ratio of 0.54, a quick ratio of 0.95 and a current ratio of 1.40. Utz Brands, Inc. has a one year low of $11.17 and a one year high of $20.04. The business has a fifty day moving average price of $17.94 and a 200-day moving average price of $17.71.

Utz Brands (NYSE:UTZGet Free Report) last issued its quarterly earnings results on Thursday, May 2nd. The company reported $0.14 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates 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 during the quarter, compared to analyst estimates of $346.99 million. During the same quarter in the prior year, the business posted $0.11 EPS. Utz Brands’s revenue for the quarter was down 1.4% compared to the same quarter last year. Analysts anticipate that Utz Brands, Inc. will post 0.72 earnings per share for the current fiscal year.

Utz Brands Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Wednesday, July 3rd. Shareholders of record on Monday, June 17th were paid a $0.059 dividend. The ex-dividend date was Monday, June 17th. This represents a $0.24 dividend on an annualized basis and a yield of 1.43%. Utz Brands’s payout ratio is presently -96.00%.

Insiders Place Their Bets

In other Utz Brands news, Director Christina Choi sold 3,160 shares of the stock in a transaction on Thursday, May 23rd. The stock was sold at an average price of $17.98, for a total value of $56,816.80. Following the completion of the sale, the director now owns 29,740 shares in the company, valued at approximately $534,725.20. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. In other Utz Brands news, Director Dylan Lissette sold 10,003 shares of the stock in a transaction dated Tuesday, May 7th. The shares were sold at an average price of $19.11, for a total transaction of $191,157.33. Following the completion of the transaction, the director now owns 118,222 shares of the company’s stock, valued at approximately $2,259,222.42. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Christina Choi sold 3,160 shares of the stock in a transaction dated Thursday, May 23rd. The shares were sold at an average price of $17.98, for a total transaction of $56,816.80. Following the transaction, the director now directly owns 29,740 shares of the company’s stock, valued at approximately $534,725.20. The disclosure for this sale can be found here. In the last quarter, insiders sold 497,178 shares of company stock worth $9,387,927. Corporate insiders own 17.00% of the company’s stock.

Analyst Ratings Changes

A number of brokerages recently issued reports on UTZ. Needham & Company LLC boosted their price target on Utz Brands from $20.50 to $22.00 and gave the company a “buy” rating in a report on Friday, May 3rd. Stephens upped their price objective on Utz Brands from $21.00 to $23.00 and gave the company an “overweight” rating in a research report on Friday, May 3rd. Mizuho upped their price objective on Utz Brands from $22.00 to $24.00 and gave the company a “buy” rating in a research report on Friday, May 3rd. Bank of America upgraded shares of Utz Brands from a “neutral” rating to a “buy” rating and boosted their target price for the company from $19.00 to $22.00 in a research note on Thursday, March 14th. Finally, Barclays boosted their target price on shares of Utz Brands from $20.00 to $23.00 and gave the company an “overweight” rating in a research note on Monday, May 6th. Three research analysts have rated the stock with a hold rating and nine have issued a buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $20.42.

View Our Latest Research Report on UTZ

Utz Brands Company Profile

(Free Report)

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.

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Institutional Ownership by Quarter for Utz Brands (NYSE:UTZ)

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