Hudson Bay Capital Management LP Sells 89,183 Shares of Utz Brands, Inc. $UTZ

Hudson Bay Capital Management LP decreased its holdings in Utz Brands, Inc. (NYSE:UTZ) by 63.7% in the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 50,730 shares of the company’s stock after selling 89,183 shares during the quarter. Hudson Bay Capital Management LP’s holdings in Utz Brands were worth $616,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently bought and sold shares of the company. NewEdge Advisors LLC acquired a new stake in shares of Utz Brands in the second quarter valued at $25,000. Aster Capital Management DIFC Ltd grew its holdings in Utz Brands by 194.8% during the 3rd quarter. Aster Capital Management DIFC Ltd now owns 2,618 shares of the company’s stock worth $32,000 after acquiring an additional 1,730 shares during the last quarter. Osaic Holdings Inc. increased its position in Utz Brands by 76.1% in the 2nd quarter. Osaic Holdings Inc. now owns 3,756 shares of the company’s stock valued at $47,000 after acquiring an additional 1,623 shares in the last quarter. Ameritas Investment Partners Inc. raised its stake in shares of Utz Brands by 16.1% in the second quarter. Ameritas Investment Partners Inc. now owns 7,394 shares of the company’s stock worth $93,000 after acquiring an additional 1,023 shares during the last quarter. Finally, Canada Pension Plan Investment Board lifted its position in shares of Utz Brands by 505.6% during the second quarter. Canada Pension Plan Investment Board now owns 10,900 shares of the company’s stock worth $137,000 after purchasing an additional 9,100 shares in the last quarter. Institutional investors and hedge funds own 95.97% of the company’s stock.

Utz Brands Stock Performance

Shares of NYSE:UTZ opened at $7.54 on Monday. The firm’s 50 day simple moving average is $9.48 and its 200 day simple moving average is $10.54. Utz Brands, Inc. has a fifty-two week low of $7.26 and a fifty-two week high of $14.67. The company has a market capitalization of $1.08 billion, a price-to-earnings ratio of 755.06, a P/E/G ratio of 2.77 and a beta of 0.93. The company has a debt-to-equity ratio of 0.62, a current ratio of 1.19 and a quick ratio of 0.82.

Utz Brands (NYSE:UTZ) last issued its quarterly earnings data on Thursday, February 12th. The company reported $0.26 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.26. The firm had revenue of $342.20 million during the quarter, compared to analysts’ expectations of $346.99 million. Utz Brands had a net margin of 0.06% and a return on equity of 8.57%. The business’s revenue for the quarter was up .4% on a year-over-year basis. During the same quarter in the previous year, the company earned $0.22 earnings per share. Utz Brands has set its FY 2026 guidance at 0.771-0.795 EPS. As a group, sell-side analysts forecast that Utz Brands, Inc. will post 0.85 earnings per share for the current year.

Analyst Upgrades and Downgrades

Several research analysts have issued reports on the company. Weiss Ratings reaffirmed a “sell (d)” rating on shares of Utz Brands in a report on Monday, December 29th. Bank of America cut their price target on Utz Brands from $15.00 to $14.00 and set a “buy” rating on the stock in a research note on Tuesday, January 13th. Piper Sandler lowered their price objective on Utz Brands from $15.00 to $13.00 and set an “overweight” rating for the company in a research report on Tuesday, January 13th. DA Davidson set a $15.00 target price on shares of Utz Brands in a research report on Wednesday, January 14th. Finally, Zacks Research cut shares of Utz Brands from a “hold” rating to a “strong sell” rating in a research report on Wednesday, January 14th. Four research analysts have rated the stock with a Buy rating, two have issued a Hold rating and two have given a Sell rating to the company’s stock. According to data from MarketBeat.com, Utz Brands currently has an average rating of “Hold” and an average price target of $12.86.

About Utz Brands

Utz Brands, Inc is a leading U.S. manufacturer and distributor of salty snack foods, offering a wide range of products including potato chips, pretzels, cheese snacks, popcorn and tortilla chips. Headquartered in Hanover, Pennsylvania, the company markets its snacks under several well-known brands and serves grocery, mass merchandise, club, convenience and online retailers throughout the United States.

Founded in 1921 by Bill and Salie Utz as a small country store operation, the business expanded gradually through direct delivery to local customers and sales to regional grocers.