American Century Companies Inc. Purchases 6,730 Shares of Utz Brands, Inc. $UTZ

American Century Companies Inc. grew its position in Utz Brands, Inc. (NYSE:UTZ) by 7.6% in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 94,829 shares of the company’s stock after acquiring an additional 6,730 shares during the quarter. American Century Companies Inc. owned 0.07% of Utz Brands worth $1,335,000 as of its most recent SEC filing.

Other hedge funds also recently modified their holdings of the company. Caitong International Asset Management Co. Ltd bought a new stake in shares of Utz Brands in the 1st quarter worth approximately $32,000. First Horizon Advisors Inc. raised its holdings in shares of Utz Brands by 44.8% in the 1st quarter. First Horizon Advisors Inc. now owns 7,887 shares of the company’s stock worth $111,000 after buying an additional 2,441 shares in the last quarter. Tower Research Capital LLC TRC raised its holdings in shares of Utz Brands by 112.7% in the 4th quarter. Tower Research Capital LLC TRC now owns 7,697 shares of the company’s stock worth $121,000 after buying an additional 4,078 shares in the last quarter. Teacher Retirement System of Texas acquired a new position in shares of Utz Brands in the 1st quarter worth approximately $144,000. Finally, Parallel Advisors LLC raised its holdings in shares of Utz Brands by 38.9% in the 1st quarter. Parallel Advisors LLC now owns 12,904 shares of the company’s stock worth $182,000 after buying an additional 3,616 shares in the last quarter. Institutional investors own 95.97% of the company’s stock.

Analyst Ratings Changes

A number of equities analysts have recently issued reports on UTZ shares. UBS Group increased their target price on Utz Brands from $13.50 to $15.00 and gave the stock a “neutral” rating in a report on Thursday, July 17th. Barclays dropped their target price on Utz Brands from $17.00 to $16.00 and set an “overweight” rating for the company in a report on Friday, June 27th. Five analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $17.29.

Utz Brands Trading Down 0.6%

UTZ stock opened at $13.34 on Wednesday. The business has a fifty day moving average price of $13.38 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. The stock has a market capitalization of $1.89 billion, a price-to-earnings ratio of 63.50, a P/E/G ratio of 1.80 and a beta of 1.03. The company has a debt-to-equity ratio of 0.62, a current ratio of 1.29 and a quick ratio of 0.87.

Utz Brands (NYSE:UTZ) last released its quarterly earnings results 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). Utz Brands had a net margin of 1.27% and a return on equity of 7.81%. The business had revenue of $366.70 million for the quarter, compared to analyst estimates of $360.55 million. During the same period in the prior year, the business earned $0.19 earnings per share. The company’s revenue for the quarter was up 2.9% on a year-over-year basis. Utz Brands has set its FY 2025 guidance at 0.820-0.850 EPS. Analysts expect 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 dividend of $0.061 per share. The ex-dividend date of this dividend was Monday, June 16th. 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. Utz Brands’s payout ratio is 114.29%.

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.