Neuberger Berman Group LLC grew its position in shares of Utz Brands, Inc. (NYSE:UTZ) by 4.8% in the second quarter, HoldingsChannel reports. The firm owned 5,370,865 shares of the company’s stock after buying an additional 248,266 shares during the quarter. Neuberger Berman Group LLC’s holdings in Utz Brands were worth $116,987,000 at the end of the most recent reporting period.
Several other institutional investors have also recently modified their holdings of UTZ. KB Financial Partners LLC purchased a new position in shares of Utz Brands during the first quarter valued at about $34,000. IFP Advisors Inc grew its position in Utz Brands by 41.0% in the second quarter. IFP Advisors Inc now owns 1,720 shares of the company’s stock worth $38,000 after acquiring an additional 500 shares in the last quarter. Ameritas Investment Partners Inc. purchased a new position in Utz Brands in the second quarter worth about $101,000. Captrust Financial Advisors grew its position in Utz Brands by 359.1% in the first quarter. Captrust Financial Advisors now owns 4,591 shares of the company’s stock worth $114,000 after acquiring an additional 3,591 shares in the last quarter. Finally, Wolverine Asset Management LLC purchased a new position in Utz Brands in the first quarter worth about $196,000. Hedge funds and other institutional investors own 41.21% of the company’s stock.
Several research firms recently commented on UTZ. The Goldman Sachs Group dropped their price target on Utz Brands from $25.00 to $20.50 and set a “neutral” rating for the company in a research report on Tuesday, August 24th. Zacks Investment Research lowered Utz Brands from a “hold” rating to a “sell” rating in a research report on Wednesday, June 30th. Finally, Stephens dropped their price target on Utz Brands from $27.00 to $23.00 and set an “overweight” rating for the company in a research report on Friday, August 13th. One equities research analyst has rated the stock with a sell rating, four have given a hold rating and seven have issued a buy rating to the stock. According to data from MarketBeat.com, Utz Brands has an average rating of “Buy” and an average price target of $25.96.
Shares of NYSE:UTZ opened at $15.93 on Thursday. Utz Brands, Inc. has a 1 year low of $15.05 and a 1 year high of $30.09. The business has a 50 day simple moving average of $18.39 and a two-hundred day simple moving average of $22.25. The company has a debt-to-equity ratio of 0.55, a quick ratio of 1.26 and a current ratio of 1.71.
Utz Brands (NYSE:UTZ) last posted its quarterly earnings results on Wednesday, August 11th. The company reported $0.13 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.14 by ($0.01). Utz Brands had a negative net margin of 1.68% and a positive return on equity of 3.55%. The company had revenue of $297.92 million for the quarter, compared to the consensus estimate of $286.69 million. As a group, equities research analysts predict that Utz Brands, Inc. will post 0.6 EPS for the current fiscal year.
The business also recently declared a quarterly dividend, which was paid on Monday, October 11th. Stockholders of record on Monday, September 20th were paid a dividend of $0.05 per share. This represents a $0.20 annualized dividend and a dividend yield of 1.26%. The ex-dividend date was Friday, September 17th.
Utz Brands Profile
UTZ Brands, Inc manufactures, markets, and distributes branded snacking products. It offers a broad range of salty snacks, including potato chips, pretzels, cheese snacks, veggie snacks, pork skins and other snacks. The firm’s brands include Utz, Zapp’s, Golden Flake, Good Health, Boulder Canyon and Hawaiian.
See Also: What is the price-sales ratio?
Want to see what other hedge funds are holding UTZ? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Utz Brands, Inc. (NYSE:UTZ).
Receive News & Ratings for Utz Brands Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Utz Brands and related companies with MarketBeat.com's FREE daily email newsletter.