Utz Brands (NYSE:UTZ) Hits New 1-Year Low – Time to Sell?

Utz Brands, Inc. (NYSE:UTZ)’s stock price hit a new 52-week low during mid-day trading on Monday . The stock traded as low as $13.00 and last traded at $13.03, with a volume of 30915 shares traded. The stock had previously closed at $13.36.

Analyst Upgrades and Downgrades

Several brokerages recently issued reports on UTZ. Barclays cut their price objective on Utz Brands from $19.00 to $17.00 and set an “overweight” rating for the company in a report on Friday, January 17th. Mizuho cut their price objective on Utz Brands from $24.00 to $21.00 and set an “outperform” rating for the company in a report on Monday, November 4th. TD Cowen cut their price objective on Utz Brands from $21.00 to $17.00 and set a “buy” rating for the company in a report on Wednesday, January 8th. Finally, Piper Sandler cut their price objective on Utz Brands from $24.00 to $20.00 and set an “overweight” rating for the company in a report on Thursday, January 16th. Two equities research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company’s stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $20.20.

Utz Brands Stock Performance

The firm has a fifty day simple moving average of $15.45 and a 200-day simple moving average of $16.39. 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 stock has a market cap of $1.87 billion, a price-to-earnings ratio of -69.62, a P/E/G ratio of 0.85 and a beta of 1.02.

Utz Brands (NYSE:UTZ) last released its quarterly earnings data on Thursday, October 31st. The company reported $0.21 EPS for the quarter, beating analysts’ consensus estimates 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 business had revenue of $365.50 million during the quarter, compared to analysts’ expectations of $363.98 million. During the same quarter in the prior year, the company earned $0.17 EPS. The firm’s quarterly revenue was down 1.7% on a year-over-year basis. Analysts forecast that Utz Brands, Inc. will post 0.74 EPS for the current fiscal year.

Utz Brands Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, January 2nd. Investors of record on Monday, December 16th were paid a $0.061 dividend. The ex-dividend date of this dividend was Monday, December 16th. This is a positive change from Utz Brands’s previous quarterly dividend of $0.06. This represents a $0.24 dividend on an annualized basis and a yield of 1.84%. Utz Brands’s dividend payout ratio is presently -126.32%.

Insider Buying and Selling

In other news, 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 shares were sold at an average price of $17.29, for a total transaction of $48,678,335.16. Following the transaction, the insider now directly owns 496,038 shares of the company’s stock, valued at approximately $8,576,497.02. This trade represents a 85.02 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Company insiders own 17.00% of the company’s stock.

Institutional Inflows and Outflows

Hedge funds have recently made changes to their positions in the business. Newton One Investments LLC bought a new position in Utz Brands in the fourth quarter valued at approximately $26,000. Rhumbline Advisers increased its stake in Utz Brands by 1.9% in the fourth quarter. Rhumbline Advisers now owns 95,103 shares of the company’s stock valued at $1,489,000 after acquiring an additional 1,757 shares during the last quarter. Truist Financial Corp increased its stake in Utz Brands by 11.0% in the fourth quarter. Truist Financial Corp now owns 26,917 shares of the company’s stock valued at $422,000 after acquiring an additional 2,667 shares during the last quarter. Creative Planning increased its stake in Utz Brands by 8.2% in the second quarter. Creative Planning now owns 37,155 shares of the company’s stock valued at $618,000 after acquiring an additional 2,802 shares during the last quarter. Finally, Handelsbanken Fonder AB increased its stake in Utz Brands by 18.0% in the fourth quarter. Handelsbanken Fonder AB now owns 22,300 shares of the company’s stock valued at $349,000 after acquiring an additional 3,400 shares during the last quarter. 95.97% of the stock is owned by institutional investors.

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.