Utz Brands, Inc. (NYSE:UTZ) Receives Consensus Rating of “Moderate Buy” from Analysts

Shares of Utz Brands, Inc. (NYSE:UTZ) have received an average rating of “Moderate Buy” from the nine ratings firms that are currently covering the firm, Marketbeat reports. Two research analysts have rated the stock with a hold rating and seven have issued a buy rating on the company. The average 1 year price target among analysts that have issued ratings on the stock in the last year is $21.22.

UTZ has been the topic of several recent analyst reports. Needham & Company LLC restated a “buy” rating and issued a $22.00 target price on shares of Utz Brands in a research note on Friday, August 2nd. Piper Sandler lifted their price target on shares of Utz Brands from $22.00 to $24.00 and gave the company an “overweight” rating in a report on Friday, November 1st. Finally, Mizuho decreased their price objective on shares of Utz Brands from $24.00 to $21.00 and set an “outperform” rating on the stock in a research note on Monday, November 4th.

Insider Buying and Selling

In other Utz Brands news, insider Cc Collier Holdings, Llc sold 2,815,404 shares of the business’s stock in a transaction dated Wednesday, November 6th. The stock was sold at an average price of $17.29, for a total transaction of $48,678,335.16. Following the completion of the sale, the insider now directly owns 496,038 shares of the company’s stock, valued at approximately $8,576,497.02. The trade was a 85.02 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, EVP Cary Devore sold 30,000 shares of Utz Brands stock in a transaction that occurred on Monday, November 4th. The stock was sold at an average price of $17.32, for a total transaction of $519,600.00. Following the sale, the executive vice president now owns 451,117 shares of the company’s stock, valued at approximately $7,813,346.44. This represents a 6.24 % decrease in their position. The disclosure for this sale can be found here. 17.00% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On Utz Brands

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Price T Rowe Associates Inc. MD grew its holdings in shares of Utz Brands by 4.6% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 57,879 shares of the company’s stock valued at $1,068,000 after buying an additional 2,540 shares during the period. Principal Financial Group Inc. acquired a new position in Utz Brands in the second quarter valued at about $914,000. Kimelman & Baird LLC bought a new stake in shares of Utz Brands in the second quarter worth about $907,000. Bahl & Gaynor Inc. raised its position in shares of Utz Brands by 45.1% during the second quarter. Bahl & Gaynor Inc. now owns 239,961 shares of the company’s stock worth $3,993,000 after purchasing an additional 74,633 shares during the period. Finally, Victory Capital Management Inc. lifted its holdings in shares of Utz Brands by 22.0% during the 2nd quarter. Victory Capital Management Inc. now owns 1,238,425 shares of the company’s stock valued at $20,607,000 after purchasing an additional 223,462 shares in the last quarter. Institutional investors own 95.97% of the company’s stock.

Utz Brands Stock Performance

NYSE:UTZ opened at $17.41 on Friday. The firm has a market capitalization of $2.45 billion, a PE ratio of -91.63, a price-to-earnings-growth ratio of 1.17 and a beta of 1.01. The company has a quick ratio of 0.85, a current ratio of 1.21 and a debt-to-equity ratio of 0.56. Utz Brands has a 12-month low of $13.05 and a 12-month high of $20.04. The firm has a 50-day moving average price of $17.12 and a 200 day moving average price of $17.06.

Utz Brands (NYSE:UTZ) last issued its earnings results on Thursday, October 31st. The company reported $0.21 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.20 by $0.01. The business had revenue of $365.50 million during the quarter, compared to analysts’ expectations of $363.98 million. Utz Brands had a positive return on equity of 7.25% and a negative net margin of 0.99%. Utz Brands’s quarterly revenue was down 1.7% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.17 EPS. Research analysts anticipate that Utz Brands will post 0.73 earnings per share for the current fiscal year.

Utz Brands Announces Dividend

The business also recently declared a None dividend, which was paid on Thursday, October 3rd. Investors of record on Monday, September 16th were issued a $0.011 dividend. This represents a dividend yield of 1.3%. The ex-dividend date was Monday, September 16th. Utz Brands’s dividend payout ratio is currently -126.32%.

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.