Utz Brands, Inc. to Issue Quarterly Dividend of $0.01 (NYSE:UTZ)

Utz Brands, Inc. (NYSE:UTZ) declared a quarterly dividend on Thursday, March 27th, RTT News reports. Investors of record on Monday, April 7th will be paid a dividend of 0.011 per share on Thursday, April 24th. This represents a $0.04 annualized dividend and a dividend yield of 0.31%.

Utz Brands has increased its dividend by an average of 5.3% annually over the last three years. Utz Brands has a dividend payout ratio of 25.3% meaning its dividend is sufficiently covered by earnings. Equities analysts expect Utz Brands to earn $0.92 per share next year, which means the company should continue to be able to cover its $0.24 annual dividend with an expected future payout ratio of 26.1%.

Utz Brands Stock Performance

Utz Brands stock opened at $14.12 on Friday. Utz Brands has a fifty-two week low of $12.71 and a fifty-two week high of $20.04. The company has a market capitalization of $2.00 billion, a price-to-earnings ratio of 78.47, a PEG ratio of 0.86 and a beta of 1.05. The stock has a fifty day moving average of $13.66 and a two-hundred day moving average of $15.65. The company has a debt-to-equity ratio of 0.56, a quick ratio of 0.85 and a current ratio of 1.21.

Utz Brands (NYSE:UTZ) last posted its quarterly earnings data on Thursday, February 20th. The company reported $0.22 EPS for the quarter, beating analysts’ consensus estimates of $0.19 by $0.03. Utz Brands had a return on equity of 7.92% and a net margin of 1.13%. The business had revenue of $341.05 million for the quarter, compared to analyst estimates of $349.93 million. During the same quarter last year, the company earned $0.16 earnings per share. On average, analysts anticipate that Utz Brands will post 0.85 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

A number of equities analysts have recently weighed in on UTZ shares. Royal Bank of Canada cut their price objective on shares of Utz Brands from $23.00 to $20.00 and set an “outperform” rating for the company in a research report on Monday, February 24th. TD Cowen cut their price target on Utz Brands from $21.00 to $17.00 and set a “buy” rating for the company in a report on Wednesday, January 8th. Piper Sandler decreased their price objective on Utz Brands from $24.00 to $20.00 and set an “overweight” rating on the stock in a report on Thursday, January 16th. DA Davidson dropped their target price on Utz Brands from $18.00 to $16.00 and set a “neutral” rating for the company in a research note on Monday, February 24th. Finally, Barclays decreased their price target on Utz Brands from $19.00 to $17.00 and set an “overweight” rating on the stock in a research note on Friday, January 17th. One analyst has rated the stock with a hold rating and seven have assigned a buy rating to the company. According to MarketBeat.com, Utz Brands has an average rating of “Moderate Buy” and a consensus target price of $19.25.

Insider Activity at Utz Brands

In other Utz Brands news, CEO Howard A. Friedman bought 3,525 shares of the business’s stock in a transaction dated Monday, February 24th. The shares were acquired at an average price of $14.16 per share, with a total value of $49,914.00. Following the purchase, the chief executive officer now owns 265,729 shares in the company, valued at approximately $3,762,722.64. The trade was a 1.34 % increase in their position. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, insider Cc Collier Holdings, Llc sold 496,038 shares of the company’s stock in a transaction on Thursday, March 6th. The stock was sold at an average price of $13.40, for a total transaction of $6,646,909.20. The disclosure for this sale can be found here. 17.00% of the stock is owned by insiders.

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.