Jane Street Group LLC Has $1.23 Million Holdings in Utz Brands, Inc. (NYSE:UTZ)

Jane Street Group LLC cut its holdings in shares of Utz Brands, Inc. (NYSE:UTZ) by 46.9% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 78,603 shares of the company’s stock after selling 69,295 shares during the quarter. Jane Street Group LLC owned about 0.06% of Utz Brands worth $1,231,000 as of its most recent SEC filing.

Other large investors also recently modified their holdings of the company. Newton One Investments LLC acquired a new position in shares of Utz Brands in the fourth quarter valued at $26,000. Venturi Wealth Management LLC acquired a new position in shares of Utz Brands in the fourth quarter valued at $54,000. Tower Research Capital LLC TRC raised its stake in shares of Utz Brands by 112.7% in the fourth quarter. Tower Research Capital LLC TRC now owns 7,697 shares of the company’s stock valued at $121,000 after purchasing an additional 4,078 shares in the last quarter. Freestone Grove Partners LP acquired a new position in shares of Utz Brands in the fourth quarter valued at $183,000. Finally, M&T Bank Corp raised its stake in shares of Utz Brands by 18.9% in the fourth quarter. M&T Bank Corp now owns 12,678 shares of the company’s stock valued at $198,000 after purchasing an additional 2,011 shares in the last quarter. 95.97% of the stock is currently owned by institutional investors and hedge funds.

Utz Brands Stock Performance

Utz Brands stock opened at $12.74 on Wednesday. The stock has a fifty day moving average price of $13.23 and a two-hundred day moving average price of $14.48. The company has a debt-to-equity ratio of 0.56, a current ratio of 1.21 and a quick ratio of 0.85. The firm has a market capitalization of $1.80 billion, a P/E ratio of 70.78, a P/E/G ratio of 0.86 and a beta of 1.20. Utz Brands, Inc. has a 52-week low of $11.53 and a 52-week high of $18.89.

Utz Brands (NYSE:UTZ) last announced its earnings results on Thursday, May 1st. The company reported $0.16 EPS for the quarter, hitting the consensus estimate of $0.16. The company had revenue of $352.08 million for the quarter, compared to analysts’ expectations of $345.44 million. Utz Brands had a return on equity of 7.92% and a net margin of 1.13%. The business’s revenue for the quarter was up 1.6% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.14 earnings per share. As a group, analysts anticipate that Utz Brands, Inc. will post 0.85 EPS for the current fiscal year.

Utz Brands Cuts Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, April 24th. Shareholders of record on Monday, April 7th were issued a dividend of $0.011 per share. This represents a $0.04 dividend on an annualized basis and a yield of 0.35%. The ex-dividend date was Monday, April 7th. Utz Brands’s dividend payout ratio (DPR) is currently 75.00%.

Insiders Place Their Bets

In other Utz Brands news, Director Timothy Brown acquired 5,000 shares of the firm’s stock in a transaction that occurred on Monday, May 5th. The stock was acquired at an average cost of $11.96 per share, for a total transaction of $59,800.00. Following the transaction, the director now owns 67,573 shares of the company’s stock, valued at $808,173.08. This trade represents a 7.99% increase in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Director William Jr. Werzyn acquired 8,000 shares of the firm’s stock in a transaction that occurred on Wednesday, May 7th. The stock was acquired at an average price of $11.81 per share, with a total value of $94,480.00. Following the completion of the transaction, the director now directly owns 22,970 shares in the company, valued at $271,275.70. This trade represents a 53.44% increase in their position. The disclosure for this purchase can be found here. Over the last quarter, insiders have purchased 17,920 shares of company stock worth $224,156. Insiders own 16.32% of the company’s stock.

Analyst Ratings Changes

UTZ has been the subject of a number of recent research reports. TD Cowen lowered Utz Brands from a “buy” rating to a “hold” rating and cut their target price for the company from $17.00 to $15.00 in a research note on Tuesday, April 22nd. UBS Group cut their target price on Utz Brands from $15.00 to $13.50 and set a “neutral” rating for the company in a research note on Friday, May 2nd. Mizuho dropped their price objective on Utz Brands from $21.00 to $19.00 and set an “outperform” rating for the company in a research note on Monday, February 10th. DA Davidson upgraded Utz Brands from a “neutral” rating to a “buy” rating and set a $16.00 price objective for the company in a research note on Thursday, April 24th. Finally, Royal Bank of Canada dropped their price objective on Utz Brands from $23.00 to $20.00 and set an “outperform” rating for the company in a research note on Monday, February 24th. Two investment analysts have rated the stock with a hold rating and six have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $17.81.

Utz Brands 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.