Utz Brands (NYSE:UTZ) Price Target Cut to $9.00 by Analysts at TD Cowen

Utz Brands (NYSE:UTZ) had its price objective trimmed by TD Cowen from $11.00 to $9.00 in a report released on Monday morning, MarketBeat Ratings reports. The firm currently has a hold rating on the stock.

Several other analysts also recently issued reports on the company. Bank of America lowered their price target on Utz Brands from $15.00 to $14.00 and set a “buy” rating for the company in a report on Tuesday, January 13th. Barclays lowered their price target on Utz Brands from $12.00 to $10.00 and set an “overweight” rating for the company in a report on Tuesday, April 14th. BTIG Research assumed coverage on Utz Brands in a report on Monday, April 13th. They issued a “buy” rating and a $10.00 price target for the company. Weiss Ratings reiterated a “sell (d)” rating on shares of Utz Brands in a report on Friday, March 27th. Finally, Mizuho set a $14.00 price target on Utz Brands in a report on Monday, February 23rd. Five research analysts have rated the stock with a Buy rating, two have assigned a Hold rating and two have issued a Sell rating to the stock. According to MarketBeat.com, Utz Brands has a consensus rating of “Hold” and an average target price of $12.06.

Utz Brands Trading Up 0.9%

UTZ stock opened at $7.64 on Monday. The company has a market cap of $1.10 billion, a price-to-earnings ratio of 764.26, a PEG ratio of 2.79 and a beta of 0.98. 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 business has a fifty day simple moving average of $8.29 and a 200-day simple moving average of $9.79. Utz Brands has a 52 week low of $7.11 and a 52 week high of $14.67.

Utz Brands (NYSE:UTZ) last released its quarterly earnings data on Thursday, February 12th. The company reported $0.26 EPS for the quarter, hitting analysts’ consensus estimates of $0.26. The business had revenue of $342.20 million during the quarter, compared to the consensus estimate of $346.99 million. Utz Brands had a return on equity of 8.57% and a net margin of 0.06%.The business’s revenue for the quarter was up .4% on a year-over-year basis. During the same period in the prior year, the firm posted $0.22 EPS. Utz Brands has set its FY 2026 guidance at 0.771-0.795 EPS. On average, equities research analysts expect that Utz Brands will post 0.77 EPS for the current year.

Utz Brands Announces Dividend

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

Hedge Funds Weigh In On Utz Brands

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. NewEdge Advisors LLC purchased a new position in Utz Brands in the 2nd quarter valued at about $25,000. Aster Capital Management DIFC Ltd boosted its position in Utz Brands by 194.8% in the 3rd quarter. Aster Capital Management DIFC Ltd now owns 2,618 shares of the company’s stock valued at $32,000 after buying an additional 1,730 shares during the last quarter. Global Retirement Partners LLC boosted its position in Utz Brands by 431.5% in the 4th quarter. Global Retirement Partners LLC now owns 3,343 shares of the company’s stock valued at $35,000 after buying an additional 2,714 shares during the last quarter. Osaic Holdings Inc. boosted 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 buying an additional 1,623 shares during the last quarter. Finally, Farther Finance Advisors LLC boosted its position in Utz Brands by 118.5% in the 4th quarter. Farther Finance Advisors LLC now owns 4,356 shares of the company’s stock valued at $45,000 after buying an additional 2,362 shares during the last quarter. 95.97% of the stock is owned by hedge funds and other institutional investors.

Utz Brands Company Profile

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.