Utz Brands, Inc. $UTZ Shares Purchased by Invesco Ltd.

Invesco Ltd. increased its position in shares of Utz Brands, Inc. (NYSE:UTZ) by 11.1% in the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 85,127 shares of the company’s stock after purchasing an additional 8,476 shares during the period. Invesco Ltd. owned 0.06% of Utz Brands worth $1,199,000 at the end of the most recent quarter.

Other institutional investors have also made changes to their positions in the company. Janney Montgomery Scott LLC acquired a new stake in shares of Utz Brands during the first quarter valued at about $196,000. Vanguard Group Inc. increased its position in shares of Utz Brands by 7.2% during the first quarter. Vanguard Group Inc. now owns 7,439,869 shares of the company’s stock valued at $104,753,000 after acquiring an additional 501,374 shares during the last quarter. Raymond James Financial Inc. acquired a new stake in shares of Utz Brands during the fourth quarter valued at about $339,000. D. E. Shaw & Co. Inc. increased its position in shares of Utz Brands by 250.8% during the fourth quarter. D. E. Shaw & Co. Inc. now owns 89,083 shares of the company’s stock valued at $1,395,000 after acquiring an additional 63,692 shares during the last quarter. Finally, Two Sigma Investments LP acquired a new stake in shares of Utz Brands during the fourth quarter valued at about $512,000. 95.97% of the stock is currently owned by institutional investors and hedge funds.

Utz Brands Trading Down 0.0%

Shares of UTZ stock opened at $13.41 on Tuesday. 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 stock has a market capitalization of $1.90 billion, a P/E ratio of 63.84, a price-to-earnings-growth ratio of 1.80 and a beta of 1.03. The company has a 50 day moving average price of $13.37 and a 200 day moving average price of $13.34. Utz Brands, Inc. has a fifty-two week low of $11.53 and a fifty-two week high of $18.89.

Utz Brands (NYSE:UTZ) last announced its quarterly earnings data on Thursday, July 31st. The company reported $0.17 earnings per share 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 company’s revenue for the quarter was up 2.9% on a year-over-year basis. During the same quarter last year, the firm posted $0.19 EPS. Utz Brands has set its FY 2025 guidance at 0.820-0.850 EPS. Equities research analysts predict that Utz Brands, Inc. will post 0.85 EPS for the current fiscal year.

Utz Brands Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, July 3rd. Shareholders of record on Monday, June 16th were issued a dividend of $0.061 per share. This is a boost from Utz Brands’s previous quarterly dividend of $0.01. The ex-dividend date was Monday, June 16th. This represents a $0.24 annualized dividend and a yield of 1.8%. Utz Brands’s dividend payout ratio (DPR) is presently 114.29%.

Wall Street Analyst Weigh In

UTZ has been the subject of a number of recent analyst reports. UBS Group lifted their price target on shares of Utz Brands from $13.50 to $15.00 and gave the company a “neutral” rating in a research report on Thursday, July 17th. Barclays dropped their price target on shares of Utz Brands from $17.00 to $16.00 and set an “overweight” rating for the company in a research report on Friday, June 27th. Five investment analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $17.29.

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.