Utz Brands (NYSE:UTZ) Announces Quarterly Earnings Results

Utz Brands (NYSE:UTZ) released its earnings results on Thursday. The company reported $0.22 earnings per share for the quarter, topping analysts’ consensus estimates of $0.19 by $0.03, RTT News reports. Utz Brands had a positive return on equity of 7.25% and a negative net margin of 0.99%. During the same period last year, the business earned $0.16 EPS. Utz Brands updated its FY 2025 guidance to 0.850-0.890 EPS.

Utz Brands Stock Up 7.6 %

Shares of UTZ stock traded up $1.02 during trading hours on Thursday, reaching $14.49. 287,152 shares of the company’s stock were exchanged, compared to its average volume of 1,111,555. Utz Brands has a fifty-two week low of $12.71 and a fifty-two week high of $20.04. The stock’s 50 day moving average is $14.49 and its 200-day moving average is $16.23. 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 $2.04 billion, a price-to-earnings ratio of -76.22, a P/E/G ratio of 0.85 and a beta of 1.01.

Utz Brands Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, January 2nd. Shareholders of record on Monday, December 16th were paid a $0.061 dividend. This represents a $0.24 annualized dividend and a yield of 1.68%. This is an increase from Utz Brands’s previous quarterly dividend of $0.06. The ex-dividend date was Monday, December 16th. Utz Brands’s dividend payout ratio (DPR) is -126.32%.

Analyst Ratings Changes

A number of brokerages recently weighed in on UTZ. Mizuho decreased their price objective on shares of Utz Brands from $21.00 to $19.00 and set an “outperform” rating for the company in a report on Monday, February 10th. Barclays decreased 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. TD Cowen dropped their target price on shares of Utz Brands from $21.00 to $17.00 and set a “buy” rating on the stock in a report on Wednesday, January 8th. Finally, Piper Sandler cut their target price on shares of Utz Brands from $24.00 to $20.00 and set an “overweight” rating on the stock in a research report on Thursday, January 16th. Two equities research analysts have rated the stock with a hold rating and eight have given a buy rating to the company’s stock. Based on data from MarketBeat, Utz Brands presently has an average rating of “Moderate Buy” and a consensus price target of $20.00.

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.