Hsbc Holdings PLC Takes $319,000 Position in Utz Brands, Inc. $UTZ

Hsbc Holdings PLC acquired a new stake in shares of Utz Brands, Inc. (NYSE:UTZ) in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor acquired 22,580 shares of the company’s stock, valued at approximately $319,000.

A number of other institutional investors and hedge funds also recently modified their holdings of the stock. Northern Trust Corp lifted its position in shares of Utz Brands by 5.1% during the 1st quarter. Northern Trust Corp now owns 1,034,056 shares of the company’s stock valued at $14,560,000 after acquiring an additional 50,433 shares during the last quarter. American Century Companies Inc. lifted its position in shares of Utz Brands by 7.6% during the 1st quarter. American Century Companies Inc. now owns 94,829 shares of the company’s stock valued at $1,335,000 after acquiring an additional 6,730 shares during the last quarter. Fox Run Management L.L.C. acquired a new stake in shares of Utz Brands during the 1st quarter valued at $586,000. Boston Partners lifted its position in shares of Utz Brands by 37.4% during the 1st quarter. Boston Partners now owns 1,216,802 shares of the company’s stock valued at $17,002,000 after acquiring an additional 331,486 shares during the last quarter. Finally, Caitong International Asset Management Co. Ltd acquired a new stake in shares of Utz Brands during the 1st quarter valued at $32,000. Institutional investors and hedge funds own 95.97% of the company’s stock.

Utz Brands Price Performance

Shares of NYSE:UTZ opened at $13.39 on Thursday. The company has a current ratio of 1.29, a quick ratio of 0.87 and a debt-to-equity ratio of 0.62. Utz Brands, Inc. has a 1 year low of $11.53 and a 1 year high of $18.89. The business has a fifty day simple moving average of $13.40 and a 200 day simple moving average of $13.34. The firm has a market cap of $1.89 billion, a price-to-earnings ratio of 63.74, a P/E/G ratio of 1.80 and a beta of 1.03.

Utz Brands (NYSE:UTZ) last announced its quarterly earnings data on Thursday, July 31st. The company reported $0.17 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.19 by ($0.02). Utz Brands had a return on equity of 7.81% and a net margin of 1.27%.The firm had revenue of $366.70 million for the quarter, compared to analysts’ expectations of $360.55 million. During the same quarter in the prior year, the business posted $0.19 earnings per share. Utz Brands’s revenue was up 2.9% on a year-over-year basis. Utz Brands has set its FY 2025 guidance at 0.820-0.850 EPS. As a group, sell-side analysts predict that Utz Brands, Inc. will post 0.85 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

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

About Utz Brands

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.