Bruce John Lindeman Acquires 4,000 Shares of Utz Brands, Inc. (NYSE:UTZ) Stock

Utz Brands, Inc. (NYSE:UTZ) Director Bruce John Lindeman acquired 4,000 shares of the company’s stock in a transaction dated Monday, August 5th. The shares were purchased at an average cost of $16.11 per share, with a total value of $64,440.00. Following the acquisition, the director now owns 42,480 shares of the company’s stock, valued at approximately $684,352.80. The acquisition was disclosed in a filing with the SEC, which is accessible through this link.

Utz Brands Trading Up 2.2 %

Shares of NYSE UTZ traded up $0.36 during mid-day trading on Wednesday, hitting $17.05. The company’s stock had a trading volume of 1,402,969 shares, compared to its average volume of 796,758. The company has a debt-to-equity ratio of 0.54, a current ratio of 1.40 and a quick ratio of 0.95. The stock has a market cap of $2.40 billion, a price-to-earnings ratio of -68.28, a price-to-earnings-growth ratio of 1.07 and a beta of 1.00. The company’s fifty day simple moving average is $16.60 and its 200-day simple moving average is $17.58. Utz Brands, Inc. has a one year low of $11.17 and a one year high of $20.04.

Utz Brands (NYSE:UTZ) last announced its quarterly earnings data on Thursday, August 1st. The company reported $0.19 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.16 by $0.03. The firm had revenue of $356.20 million for the quarter, compared to analysts’ expectations of $356.23 million. Utz Brands had a net margin of 0.29% and a return on equity of 6.80%. The business’s revenue for the quarter was down 1.8% on a year-over-year basis. During the same period last year, the firm earned $0.13 earnings per share. On average, sell-side analysts anticipate that Utz Brands, Inc. will post 0.73 earnings per share for the current fiscal year.

Utz Brands Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, July 3rd. Investors of record on Monday, June 17th were issued a $0.059 dividend. The ex-dividend date of this dividend was Monday, June 17th. This represents a $0.24 dividend on an annualized basis and a yield of 1.38%. Utz Brands’s dividend payout ratio is presently -92.00%.

Hedge Funds Weigh In On Utz Brands

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Fifth Third Bancorp bought a new stake in shares of Utz Brands in the 2nd quarter valued at about $44,000. SRS Capital Advisors Inc. grew its holdings in Utz Brands by 120.2% during the fourth quarter. SRS Capital Advisors Inc. now owns 3,464 shares of the company’s stock valued at $56,000 after purchasing an additional 1,891 shares during the period. Delta Asset Management LLC TN increased its stake in Utz Brands by 100.0% in the fourth quarter. Delta Asset Management LLC TN now owns 5,000 shares of the company’s stock valued at $81,000 after purchasing an additional 2,500 shares in the last quarter. International Assets Investment Management LLC raised its holdings in Utz Brands by 1,428.8% in the fourth quarter. International Assets Investment Management LLC now owns 5,473 shares of the company’s stock worth $89,000 after purchasing an additional 5,115 shares during the period. Finally, SG Americas Securities LLC bought a new position in shares of Utz Brands during the second quarter worth $103,000. Institutional investors own 95.97% of the company’s stock.

Wall Street Analyst Weigh In

UTZ has been the topic of a number of research analyst reports. Stephens increased their price target on Utz Brands from $21.00 to $23.00 and gave the stock an “overweight” rating in a research report on Friday, May 3rd. Barclays decreased their target price on Utz Brands from $23.00 to $19.00 and set an “overweight” rating on the stock in a report on Friday, July 19th. Needham & Company LLC reaffirmed a “buy” rating and issued a $22.00 price target on shares of Utz Brands in a report on Friday, August 2nd. Mizuho upped their price target on shares of Utz Brands from $22.00 to $24.00 and gave the stock a “buy” rating in a research report on Friday, May 3rd. Finally, Royal Bank of Canada raised their price objective on shares of Utz Brands from $19.00 to $23.00 and gave the company an “outperform” rating in a research report on Friday, May 3rd. Three research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company’s stock. According to MarketBeat.com, Utz Brands currently has an average rating of “Moderate Buy” and an average price target of $20.08.

Utz Brands Company Profile

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.