Oppenheimer Asset Management Inc. Purchases 7,041 Shares of Utz Brands, Inc. $UTZ

Oppenheimer Asset Management Inc. raised its position in shares of Utz Brands, Inc. (NYSE:UTZ) by 23.7% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 36,797 shares of the company’s stock after acquiring an additional 7,041 shares during the quarter. Oppenheimer Asset Management Inc.’s holdings in Utz Brands were worth $462,000 as of its most recent SEC filing.

Other institutional investors have also recently made changes to their positions in the company. Janney Montgomery Scott LLC acquired a new position in shares of Utz Brands during the first quarter valued at about $196,000. Vanguard Group Inc. raised its holdings in shares of Utz Brands by 7.2% in the 1st quarter. Vanguard Group Inc. now owns 7,439,869 shares of the company’s stock worth $104,753,000 after acquiring an additional 501,374 shares during the last quarter. Natixis Advisors LLC acquired a new stake in shares of Utz Brands in the 1st quarter worth about $602,000. Ameriprise Financial Inc. raised its holdings in shares of Utz Brands by 38.0% in the 1st quarter. Ameriprise Financial Inc. now owns 5,671,757 shares of the company’s stock worth $79,858,000 after acquiring an additional 1,560,884 shares during the last quarter. Finally, GW&K Investment Management LLC raised its holdings in shares of Utz Brands by 19.7% in the 1st quarter. GW&K Investment Management LLC now owns 1,531,986 shares of the company’s stock worth $21,570,000 after acquiring an additional 252,165 shares during the last quarter. Institutional investors and hedge funds own 95.97% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities research analysts have commented on UTZ shares. UBS Group decreased their price objective on shares of Utz Brands from $13.50 to $11.50 and set a “neutral” rating for the company in a research note on Friday. Barclays reiterated an “overweight” rating and issued a $14.00 price objective on shares of Utz Brands in a research note on Friday. Weiss Ratings reiterated a “sell (d+)” rating on shares of Utz Brands in a research note on Wednesday, October 8th. Finally, TD Cowen decreased their price objective on shares of Utz Brands from $14.00 to $12.00 and set a “hold” rating for the company in a research note on Friday. Five investment analysts have rated the stock with a Buy rating, two have issued a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat.com, Utz Brands currently has a consensus rating of “Moderate Buy” and a consensus target price of $16.07.

Utz Brands Stock Up 0.8%

UTZ opened at $10.52 on Friday. The company has a 50 day moving average of $12.56 and a 200 day moving average of $12.97. The company has a market cap of $1.49 billion, a PE ratio of 150.34, a price-to-earnings-growth ratio of 1.41 and a beta of 1.02. Utz Brands, Inc. has a 12 month low of $10.19 and a 12 month high of $18.29. 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 (NYSE:UTZ) last announced its quarterly earnings results on Thursday, October 30th. The company reported $0.23 EPS for the quarter, meeting the consensus estimate of $0.23. Utz Brands had a net margin of 0.39% and a return on equity of 8.10%. The firm had revenue of $377.80 million during the quarter, compared to the consensus estimate of $374.25 million. During the same period last year, the firm earned $0.21 EPS. The business’s quarterly revenue was up 3.4% compared to the same quarter last year. Utz Brands has set its FY 2025 guidance at 0.824-0.847 EPS. On average, sell-side analysts expect that Utz Brands, Inc. will post 0.85 EPS for the current year.

Utz Brands Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, October 2nd. Investors of record on Monday, September 15th were given a $0.061 dividend. This represents a $0.24 dividend on an annualized basis and a yield of 2.3%. The ex-dividend date was Monday, September 15th. Utz Brands’s dividend payout ratio (DPR) is presently 342.86%.

Insider Buying and Selling

In related news, Director Christina Choi sold 5,703 shares of Utz Brands stock in a transaction on Thursday, September 4th. The shares were sold at an average price of $13.63, for a total value of $77,731.89. Following the transaction, the director owned 33,710 shares in the company, valued at $459,467.30. This trade represents a 14.47% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. 16.32% of the stock is currently owned by insiders.

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.