Deutsche Bank AG Decreases Stake in Utz Brands, Inc. $UTZ

Deutsche Bank AG reduced its stake in Utz Brands, Inc. (NYSE:UTZ) by 9.1% during the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 55,555 shares of the company’s stock after selling 5,529 shares during the period. Deutsche Bank AG’s holdings in Utz Brands were worth $782,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently bought and sold shares of UTZ. First Horizon Advisors Inc. raised its holdings in Utz Brands by 44.8% in the 1st quarter. First Horizon Advisors Inc. now owns 7,887 shares of the company’s stock valued at $111,000 after buying an additional 2,441 shares during the period. Tower Research Capital LLC TRC raised its holdings in Utz Brands by 112.7% in the 4th quarter. Tower Research Capital LLC TRC now owns 7,697 shares of the company’s stock valued at $121,000 after buying an additional 4,078 shares during the period. Teacher Retirement System of Texas purchased a new stake in Utz Brands in the 1st quarter valued at about $144,000. Parallel Advisors LLC raised its holdings in Utz Brands by 38.9% in the 1st quarter. Parallel Advisors LLC now owns 12,904 shares of the company’s stock valued at $182,000 after buying an additional 3,616 shares during the period. Finally, Freestone Grove Partners LP purchased a new stake in Utz Brands in the 4th quarter valued at about $183,000. 95.97% of the stock is currently owned by hedge funds and other institutional investors.

Utz Brands Stock Performance

Shares of Utz Brands stock opened at $13.3660 on Tuesday. Utz Brands, Inc. has a one year low of $11.53 and a one year high of $18.89. The company has a market cap of $1.89 billion, a PE ratio of 63.65, a P/E/G ratio of 1.79 and a beta of 1.17. The company has a debt-to-equity ratio of 0.62, a quick ratio of 0.87 and a current ratio of 1.29. The business has a 50-day simple moving average of $13.35 and a 200-day simple moving average of $13.35.

Utz Brands (NYSE:UTZ) last announced its quarterly earnings results on Thursday, July 31st. The company reported $0.17 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.19 by ($0.02). The business had revenue of $366.70 million during the quarter, compared to analyst estimates of $360.55 million. Utz Brands had a net margin of 1.27% and a return on equity of 7.81%. The business’s revenue for the quarter was up 2.9% compared to the same quarter last year. During the same period last year, the company earned $0.19 earnings per share. Utz Brands has set its FY 2025 guidance at 0.820-0.850 EPS. On average, equities research analysts forecast that Utz Brands, Inc. will post 0.85 EPS for the current fiscal year.

Utz Brands Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, July 3rd. Investors of record on Monday, June 16th were issued a $0.061 dividend. This represents a $0.24 dividend on an annualized basis and a yield of 1.8%. This is a positive change from Utz Brands’s previous quarterly dividend of $0.01. The ex-dividend date of this dividend was Monday, June 16th. Utz Brands’s dividend payout ratio is currently 114.29%.

Analyst Upgrades and Downgrades

Several analysts recently issued reports on UTZ shares. UBS Group boosted their price objective on shares of Utz Brands from $13.50 to $15.00 and gave the company a “neutral” rating in a report on Thursday, July 17th. Barclays cut their price target on shares of Utz Brands from $17.00 to $16.00 and set an “overweight” rating on the stock in a research note on Friday, June 27th. Five research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company’s stock. According to MarketBeat, Utz Brands presently has a consensus rating of “Moderate Buy” and an average price target of $17.29.

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.