Utz Brands (UTZ) – Analysts’ Recent Ratings Changes

A number of research firms have changed their ratings and price targets for Utz Brands (NYSE: UTZ):

• 5/6/2024 – Utz Brands had its price target raised by analysts at Barclays PLC from $20.00 to $23.00. They now have an “overweight” rating on the stock.
• 5/3/2024 – Utz Brands had its price target raised by analysts at Stephens from $21.00 to $23.00. They now have an “overweight” rating on the stock.
• 5/3/2024 – Utz Brands had its price target raised by analysts at Royal Bank of Canada from $19.00 to $23.00. They now have an “outperform” rating on the stock.
• 5/3/2024 – Utz Brands had its price target raised by analysts at Mizuho from $22.00 to $24.00. They now have a “buy” rating on the stock.
• 5/3/2024 – Utz Brands had its price target raised by analysts at Needham & Company LLC from $20.50 to $22.00. They now have a “buy” rating on the stock.
• 4/3/2024 – Utz Brands had its price target raised by analysts at Mizuho from $19.00 to $22.00. They now have a “buy” rating on the stock.
• 3/14/2024 – Utz Brands was upgraded by analysts at Bank of America Co. from a “neutral” rating to a “buy” rating. They now have a $22.00 price target on the stock, up previously from $19.00.

Utz Brands Price Performance

UTZ opened at $19.26 on Tuesday. The company has a current ratio of 1.40, a quick ratio of 0.95 and a debt-to-equity ratio of 0.54. The business’s fifty day simple moving average is $18.02 and its 200-day simple moving average is $16.28. The company has a market capitalization of $2.71 billion, a price-to-earnings ratio of -77.04, a PEG ratio of 1.32 and a beta of 0.97. Utz Brands, Inc. has a 12-month low of $11.17 and a 12-month high of $20.04.

Utz Brands (NYSE:UTZ) last released its quarterly earnings data on Thursday, May 2nd. The company reported $0.14 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.13 by $0.01. The firm had revenue of $346.50 million for the quarter, compared to the consensus estimate of $346.99 million. Utz Brands had a negative net margin of 1.38% and a positive return on equity of 6.16%. The company’s quarterly revenue was down 1.4% on a year-over-year basis. During the same period last year, the firm earned $0.11 earnings per share. On average, equities research analysts anticipate that Utz Brands, Inc. will post 0.72 earnings per share for the current fiscal year.

Utz Brands Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, May 2nd. Shareholders of record on Monday, April 15th were given a dividend of $0.059 per share. This represents a $0.24 annualized dividend and a dividend yield of 1.23%. This is a positive change from Utz Brands’s previous quarterly dividend of $0.06. The ex-dividend date of this dividend was Friday, April 12th. Utz Brands’s dividend payout ratio is presently -96.00%.

Insider Buying and Selling at Utz Brands

In other Utz Brands news, major shareholder Series U. Of Um Partners, Llc sold 446,250 shares of the stock in a transaction dated Monday, March 4th. The shares were sold at an average price of $17.40, for a total transaction of $7,764,750.00. Following the completion of the sale, the insider now directly owns 397,885 shares of the company’s stock, valued at $6,923,199. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. In other Utz Brands news, major shareholder Series U. Of Um Partners, Llc sold 446,250 shares of the stock in a transaction dated Monday, March 4th. The shares were sold at an average price of $17.40, for a total transaction of $7,764,750.00. Following the completion of the sale, the insider now directly owns 397,885 shares of the company’s stock, valued at $6,923,199. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Director Roger K. Deromedi sold 13,446 shares of the stock in a transaction that occurred on Monday, February 12th. The shares were sold at an average price of $19.03, for a total transaction of $255,877.38. Following the completion of the transaction, the director now directly owns 3,548,704 shares of the company’s stock, valued at $67,531,837.12. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 695,311 shares of company stock valued at $12,430,556. 17.00% of the stock is currently owned by insiders.

Hedge Funds Weigh In On Utz Brands

Several hedge funds and other institutional investors have recently modified their holdings of the stock. Pathstone Family Office LLC increased its holdings in Utz Brands by 0.3% in the 3rd quarter. Pathstone Family Office LLC now owns 300,466 shares of the company’s stock worth $4,035,000 after buying an additional 888 shares during the period. Parallel Advisors LLC increased its holdings in Utz Brands by 11.6% in the 4th quarter. Parallel Advisors LLC now owns 9,924 shares of the company’s stock worth $161,000 after buying an additional 1,033 shares during the period. First Bank & Trust increased its holdings in Utz Brands by 8.7% in the 4th quarter. First Bank & Trust now owns 13,536 shares of the company’s stock worth $220,000 after buying an additional 1,083 shares during the period. Personal CFO Solutions LLC increased its holdings in Utz Brands by 6.7% in the 3rd quarter. Personal CFO Solutions LLC now owns 18,908 shares of the company’s stock worth $254,000 after buying an additional 1,187 shares during the period. Finally, Swiss National Bank increased its holdings in Utz Brands by 1.1% in the 3rd quarter. Swiss National Bank now owns 151,500 shares of the company’s stock worth $2,035,000 after buying an additional 1,600 shares during the period. 95.97% of the stock is owned by hedge funds and other institutional investors.

Utz Brands, Inc engages in manufacture, marketing, and distribution of snack foods. It offers a range of salty snacks, including salty snacks, including potato chips, tortilla chips, pretzels, cheese snacks, pork skins, veggie snacks, pub/party mixes, tortilla chips, salsa and dips, ready-to-eat popcorn, and other snacks under the Utz, Zapp's, ON THE BORDER, Golden Flake, Boulder Canyon, Hawaiian, TORTIYAHS!, etc.