Bahl & Gaynor Inc. Boosts Holdings in Utz Brands, Inc. $UTZ

Bahl & Gaynor Inc. increased its position in Utz Brands, Inc. (NYSE:UTZ) by 7.5% in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 1,045,832 shares of the company’s stock after purchasing an additional 72,965 shares during the quarter. Bahl & Gaynor Inc. owned 0.73% of Utz Brands worth $12,707,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors have also added to or reduced their stakes in UTZ. Royal Bank of Canada lifted its holdings in Utz Brands by 39.7% in the 1st quarter. Royal Bank of Canada now owns 248,912 shares of the company’s stock worth $3,504,000 after buying an additional 70,739 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its position in shares of Utz Brands by 5.9% during the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 39,470 shares of the company’s stock worth $556,000 after acquiring an additional 2,190 shares during the last quarter. Goldman Sachs Group Inc. lifted its stake in shares of Utz Brands by 40.8% in the first quarter. Goldman Sachs Group Inc. now owns 2,022,709 shares of the company’s stock worth $28,480,000 after acquiring an additional 585,952 shares in the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC boosted its holdings in Utz Brands by 36.4% in the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 196,013 shares of the company’s stock valued at $2,760,000 after purchasing an additional 52,285 shares during the last quarter. Finally, Envestnet Asset Management Inc. grew its stake in Utz Brands by 2.7% during the 2nd quarter. Envestnet Asset Management Inc. now owns 873,070 shares of the company’s stock valued at $10,957,000 after purchasing an additional 22,860 shares in the last quarter. 95.97% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of brokerages have issued reports on UTZ. UBS Group set a $10.00 target price on Utz Brands in a research report on Friday, February 13th. Bank of America dropped their price target on shares of Utz Brands from $15.00 to $14.00 and set a “buy” rating for the company in a research note on Tuesday, January 13th. Mizuho set a $14.00 price objective on shares of Utz Brands in a research note on Monday, February 23rd. Weiss Ratings reissued a “sell (d)” rating on shares of Utz Brands in a report on Monday, December 29th. Finally, DA Davidson set a $15.00 target price on shares of Utz Brands in a research note on Wednesday, January 14th. 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. According to MarketBeat.com, the stock has an average rating of “Hold” and an average target price of $12.86.

Utz Brands Stock Down 2.9%

Shares of NYSE:UTZ opened at $9.02 on Tuesday. The stock has a market capitalization of $1.30 billion, a price-to-earnings ratio of 902.90, a price-to-earnings-growth ratio of 3.42 and a beta of 0.93. Utz Brands, Inc. has a 1-year low of $8.72 and a 1-year high of $14.67. The company’s fifty day moving average is $10.11 and its two-hundred day moving average is $11.06. The company has a debt-to-equity ratio of 0.62, a quick ratio of 0.82 and a current ratio of 1.19.

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

Utz Brands Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, January 2nd. Stockholders of record on Monday, December 15th were issued a dividend of $0.063 per share. This represents a $0.25 annualized dividend and a dividend yield of 2.8%. This is a boost from Utz Brands’s previous quarterly dividend of $0.06. The ex-dividend date of this dividend was Monday, December 15th. Utz Brands’s dividend payout ratio is currently 2,500.00%.

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.