Utz Brands, Inc. (NYSE:UTZ) Expected to Announce Quarterly Sales of $242.20 Million


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Brokerages expect Utz Brands, Inc. (NYSE:UTZ) to report $242.20 million in sales for the current quarter, according to Zacks. Two analysts have made estimates for Utz Brands’ earnings, with the lowest sales estimate coming in at $237.89 million and the highest estimate coming in at $246.50 million. The business is scheduled to issue its next quarterly earnings report on Monday, January 1st.

On average, analysts expect that Utz Brands will report full year sales of $960.21 million for the current fiscal year, with estimates ranging from $955.92 million to $964.50 million. For the next financial year, analysts anticipate that the business will post sales of $1.15 billion, with estimates ranging from $1.14 billion to $1.15 billion. Zacks Investment Research’s sales averages are a mean average based on a survey of sell-side analysts that follow Utz Brands.

Several research firms recently commented on UTZ. The Goldman Sachs Group began coverage on shares of Utz Brands in a research note on Monday, December 21st. They set a “neutral” rating for the company. Zacks Investment Research cut shares of Utz Brands from a “buy” rating to a “hold” rating in a research note on Tuesday, February 16th. Barclays reiterated a “buy” rating and set a $26.00 target price on shares of Utz Brands in a research note on Sunday, January 17th. Oppenheimer boosted their price target on shares of Utz Brands from $24.00 to $29.00 and gave the company an “outperform” rating in a report on Wednesday, February 10th. They noted that the move was a valuation call. Finally, Citigroup boosted their price target on shares of Utz Brands from $21.00 to $26.00 in a report on Wednesday, January 20th. Three equities research analysts have rated the stock with a hold rating and six have issued a buy rating to the stock. The stock presently has an average rating of “Buy” and a consensus target price of $25.39.

Several institutional investors and hedge funds have recently bought and sold shares of UTZ. International Assets Investment Management LLC bought a new stake in shares of Utz Brands in the 4th quarter worth about $28,000. Steward Partners Investment Advisory LLC grew its holdings in shares of Utz Brands by 114.3% in the 4th quarter. Steward Partners Investment Advisory LLC now owns 1,500 shares of the company’s stock worth $33,000 after purchasing an additional 800 shares during the last quarter. First Bank & Trust bought a new stake in shares of Utz Brands in the 3rd quarter worth about $65,000. First Horizon Corp bought a new stake in shares of Utz Brands in the 4th quarter worth about $82,000. Finally, BlackRock Inc. bought a new stake in shares of Utz Brands in the 3rd quarter worth about $84,000. 34.61% of the stock is currently owned by institutional investors and hedge funds.

UTZ stock traded down $1.27 during trading hours on Thursday, hitting $24.93. The company’s stock had a trading volume of 10,913 shares, compared to its average volume of 603,923. Utz Brands has a 12 month low of $9.84 and a 12 month high of $26.62. The stock has a 50 day moving average price of $23.55 and a two-hundred day moving average price of $19.39. The company has a debt-to-equity ratio of 0.31, a quick ratio of 1.34 and a current ratio of 1.79.

About Utz Brands

Utz Brands, Inc manufacturers, markets, and distributes snacking products in the United States. It offers a range of salty snacks, including potato chips, pretzels, cheese snacks, veggie snacks, pork skins, pub/party mixes, and other snacks under the Utz, Zapp's, Golden Flake, Good Health, Boulder Canyon, Hawaiian, and TORTIYAHS brands.

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Earnings History and Estimates for Utz Brands (NYSE:UTZ)

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