Utz Brands (NYSE:UTZ) Given New $8.50 Price Target at UBS Group

Utz Brands (NYSE:UTZ) had its price objective cut by UBS Group from $10.00 to $8.50 in a report released on Tuesday,Benzinga reports. They currently have a neutral rating on the stock.

A number of other equities research analysts have also weighed in on UTZ. DA Davidson set a $15.00 target price on shares of Utz Brands in a report on Wednesday, January 14th. Bank of America reduced their target price on shares of Utz Brands from $15.00 to $14.00 and set a “buy” rating on the stock in a report on Tuesday, January 13th. Zacks Research lowered shares of Utz Brands from a “hold” rating to a “strong sell” rating in a report on Wednesday, January 14th. Barclays reduced their target price on shares of Utz Brands from $13.00 to $12.00 and set an “overweight” rating on the stock in a report on Friday, February 13th. Finally, Mizuho set a $14.00 target price on shares of Utz Brands in a report on Monday, February 23rd. Four investment analysts have rated the stock with a Buy rating, two have given a Hold rating and two have given a Sell rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus target price of $12.64.

Utz Brands Trading Down 0.3%

Shares of UTZ stock opened at $7.72 on Tuesday. The firm has a market capitalization of $1.11 billion, a P/E ratio of 772.27, a P/E/G ratio of 2.84 and a beta of 0.98. Utz Brands has a twelve month low of $7.11 and a twelve month high of $14.67. The company has a quick ratio of 0.82, a current ratio of 1.19 and a debt-to-equity ratio of 0.62. The stock’s fifty day simple moving average is $8.82 and its 200 day simple moving average is $10.08.

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

Utz Brands Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Thursday, April 23rd. Stockholders of record on Monday, April 13th will be paid a $0.063 dividend. The ex-dividend date of this dividend is Monday, April 13th. This represents a $0.25 annualized dividend and a dividend yield of 3.3%. Utz Brands’s dividend payout ratio is presently 2,500.00%.

Institutional Investors Weigh In On Utz Brands

A number of institutional investors have recently modified their holdings of the company. Hsbc Holdings PLC boosted its stake in shares of Utz Brands by 27.1% in the 4th quarter. Hsbc Holdings PLC now owns 27,757 shares of the company’s stock valued at $290,000 after purchasing an additional 5,918 shares during the last quarter. Alpine Global Management LLC bought a new stake in shares of Utz Brands in the 4th quarter valued at $183,000. Virtu Financial LLC bought a new stake in shares of Utz Brands in the 4th quarter valued at $111,000. Invesco Ltd. boosted its stake in shares of Utz Brands by 22.4% in the 4th quarter. Invesco Ltd. now owns 132,000 shares of the company’s stock valued at $1,370,000 after purchasing an additional 24,167 shares during the last quarter. Finally, Mercer Global Advisors Inc. ADV bought a new stake in shares of Utz Brands in the 4th quarter valued at $1,061,000. 95.97% of the stock is owned by institutional investors.

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.