Utz Brands, Inc. (NYSE:UTZ) Receives $20.20 Consensus Target Price from Analysts

Shares of Utz Brands, Inc. (NYSE:UTZ) have received a consensus rating of “Moderate Buy” from the ten analysts that are presently covering the firm, Marketbeat.com reports. Two equities research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company. The average 1 year price objective among brokerages that have updated their coverage on the stock in the last year is $20.20.

UTZ has been the topic of several research analyst reports. TD Cowen reduced their price target on shares of Utz Brands from $21.00 to $17.00 and set a “buy” rating on the stock in a research report on Wednesday, January 8th. Barclays dropped their price target on Utz Brands from $19.00 to $17.00 and set an “overweight” rating on the stock in a research report on Friday, January 17th. Mizuho dropped their target price on shares of Utz Brands from $24.00 to $21.00 and set an “outperform” rating on the stock in a report on Monday, November 4th. Finally, Piper Sandler decreased their price target on shares of Utz Brands from $24.00 to $20.00 and set an “overweight” rating for the company in a report on Thursday, January 16th.

Utz Brands Price Performance

UTZ stock opened at $13.22 on Friday. Utz Brands has a 12-month low of $13.20 and a 12-month high of $20.04. The stock has a 50-day moving average price of $15.77 and a two-hundred day moving average price of $16.44. The company has a current ratio of 1.21, a quick ratio of 0.85 and a debt-to-equity ratio of 0.56. The company has a market cap of $1.86 billion, a PE ratio of -69.56, a price-to-earnings-growth ratio of 0.87 and a beta of 1.03.

Utz Brands (NYSE:UTZ) last issued its quarterly earnings data on Thursday, October 31st. The company reported $0.21 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.20 by $0.01. Utz Brands had a negative net margin of 0.99% and a positive return on equity of 7.25%. The company had revenue of $365.50 million during the quarter, compared to the consensus estimate of $363.98 million. During the same quarter last year, the company earned $0.17 earnings per share. Utz Brands’s revenue for the quarter was down 1.7% on a year-over-year basis. As a group, research analysts predict that Utz Brands will post 0.74 EPS for the current year.

Utz Brands Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, January 2nd. Stockholders of record on Monday, December 16th were given a $0.061 dividend. This is a positive change from Utz Brands’s previous quarterly dividend of $0.06. The ex-dividend date was Monday, December 16th. This represents a $0.24 dividend on an annualized basis and a dividend yield of 1.85%. Utz Brands’s dividend payout ratio (DPR) is currently -126.32%.

Insider Buying and Selling

In other Utz Brands news, EVP Cary Devore sold 30,000 shares of the company’s stock in a transaction on Monday, November 4th. The stock was sold at an average price of $17.32, for a total value of $519,600.00. Following the sale, the executive vice president now directly owns 451,117 shares in the company, valued at $7,813,346.44. This represents a 6.24 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, insider Cc Collier Holdings, Llc sold 2,815,404 shares of the firm’s stock in a transaction that occurred on Wednesday, November 6th. The stock was sold at an average price of $17.29, for a total transaction of $48,678,335.16. Following the sale, the insider now directly owns 496,038 shares of the company’s stock, valued at approximately $8,576,497.02. The trade was a 85.02 % decrease in their position. The disclosure for this sale can be found here. Insiders own 17.00% of the company’s stock.

Institutional Inflows and Outflows

Several institutional investors have recently bought and sold shares of the stock. Canada Pension Plan Investment Board acquired a new stake in Utz Brands in the second quarter worth $80,000. nVerses Capital LLC bought a new stake in Utz Brands during the third quarter worth about $142,000. Moody National Bank Trust Division acquired a new position in Utz Brands during the fourth quarter worth $169,000. XTX Topco Ltd acquired a new position in Utz Brands during the second quarter worth approximately $185,000. Finally, MQS Management LLC bought a new position in shares of Utz Brands in the second quarter valued at about $187,000. Institutional investors own 95.97% of the company’s stock.

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.