Utz Brands, Inc. (NYSE:UTZ) Shares Sold by Gotham Asset Management LLC

Gotham Asset Management LLC decreased its position in Utz Brands, Inc. (NYSE:UTZ) by 39.9% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 20,854 shares of the company’s stock after selling 13,858 shares during the quarter. Gotham Asset Management LLC’s holdings in Utz Brands were worth $327,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors have also recently added to or reduced their stakes in the company. Newton One Investments LLC purchased a new position in shares of Utz Brands during the 4th quarter worth about $26,000. Venturi Wealth Management LLC purchased a new position in shares of Utz Brands during the 4th quarter worth about $54,000. Tower Research Capital LLC TRC lifted its holdings in shares of Utz Brands by 112.7% during the 4th quarter. Tower Research Capital LLC TRC now owns 7,697 shares of the company’s stock worth $121,000 after acquiring an additional 4,078 shares during the period. Freestone Grove Partners LP purchased a new position in shares of Utz Brands during the 4th quarter worth about $183,000. Finally, BNP Paribas Financial Markets purchased a new position in shares of Utz Brands during the 4th quarter worth about $196,000. Institutional investors and hedge funds own 95.97% of the company’s stock.

Wall Street Analyst Weigh In

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

Utz Brands Stock Up 0.6%

Shares of NYSE:UTZ opened at $12.74 on Wednesday. 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, Inc. has a 52-week low of $11.53 and a 52-week high of $18.89. The company has a 50 day moving average of $13.23 and a two-hundred day moving average of $14.48. The company has a market capitalization of $1.80 billion, a price-to-earnings ratio of 70.78, a price-to-earnings-growth ratio of 0.86 and a beta of 1.20.

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

Utz Brands Cuts Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, April 24th. Shareholders of record on Monday, April 7th were given a $0.011 dividend. This represents a $0.04 annualized dividend and a yield of 0.35%. The ex-dividend date of this dividend was Monday, April 7th. Utz Brands’s dividend payout ratio (DPR) is 75.00%.

Insider Buying and Selling at Utz Brands

In other news, insider Cc Collier Holdings, Llc sold 496,038 shares of the stock in a transaction that occurred on Thursday, March 6th. The stock was sold at an average price of $13.40, for a total transaction of $6,646,909.20. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Howard A. Friedman bought 3,525 shares of Utz Brands stock in a transaction dated Monday, February 24th. The shares were acquired at an average price of $14.16 per share, with a total value of $49,914.00. Following the completion of the purchase, the chief executive officer now owns 265,729 shares in the company, valued at approximately $3,762,722.64. The trade was a 1.34% increase in their position. The disclosure for this purchase can be found here. Insiders bought 17,920 shares of company stock valued at $224,156 over the last 90 days. 16.32% of the stock is owned by corporate insiders.

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.