Janney Montgomery Scott LLC Has $344,000 Stock Holdings in Utz Brands, Inc. $UTZ

Janney Montgomery Scott LLC increased its stake in shares of Utz Brands, Inc. (NYSE:UTZ) by 97.3% in the second quarter, Holdings Channel.com reports. The firm owned 27,436 shares of the company’s stock after buying an additional 13,533 shares during the quarter. Janney Montgomery Scott LLC’s holdings in Utz Brands were worth $344,000 at the end of the most recent reporting period.

Several other large investors have also recently modified their holdings of UTZ. Caitong International Asset Management Co. Ltd bought a new position in shares of Utz Brands during the first quarter valued at $32,000. Harbor Investment Advisory LLC raised its stake in shares of Utz Brands by 37.6% during the second quarter. Harbor Investment Advisory LLC now owns 5,481 shares of the company’s stock valued at $69,000 after acquiring an additional 1,497 shares during the last quarter. First Horizon Advisors Inc. raised its stake in shares of Utz Brands by 44.8% during the first quarter. First Horizon Advisors Inc. now owns 7,887 shares of the company’s stock valued at $111,000 after acquiring an additional 2,441 shares during the last quarter. Teacher Retirement System of Texas bought a new position in shares of Utz Brands during the first quarter valued at $144,000. Finally, Ballentine Partners LLC bought a new position in shares of Utz Brands during the second quarter valued at $169,000. Institutional investors own 95.97% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research firms have recently issued reports on UTZ. Barclays dropped their price target on shares of Utz Brands from $17.00 to $16.00 and set an “overweight” rating for the company in a research note on Friday, June 27th. UBS Group dropped their price target on shares of Utz Brands from $15.00 to $13.50 and set a “neutral” rating for the company in a research note on Wednesday, October 8th. Finally, Weiss Ratings reaffirmed a “sell (d+)” rating on shares of Utz Brands in a research note on Wednesday, October 8th. Five investment analysts have rated the stock with a Buy rating, two have given a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $17.07.

Insider Transactions at Utz Brands

In related news, Director Christina Choi sold 5,703 shares of the stock in a transaction on Thursday, September 4th. The shares were sold at an average price of $13.63, for a total transaction of $77,731.89. Following the transaction, the director directly owned 33,710 shares of the company’s stock, valued at $459,467.30. This represents a 14.47% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 16.32% of the stock is currently owned by corporate insiders.

Utz Brands Trading Down 0.6%

NYSE:UTZ opened at $12.25 on Monday. The firm’s fifty day moving average is $12.76 and its 200-day moving average is $13.06. The company has a debt-to-equity ratio of 0.62, a quick ratio of 0.87 and a current ratio of 1.29. Utz Brands, Inc. has a 52 week low of $11.53 and a 52 week high of $18.29. The firm has a market cap of $1.73 billion, a P/E ratio of 58.33, a P/E/G ratio of 1.64 and a beta of 1.02.

Utz Brands (NYSE:UTZ) last posted its quarterly earnings data on Thursday, July 31st. The company reported $0.17 EPS for the quarter, missing analysts’ consensus estimates of $0.19 by ($0.02). Utz Brands had a net margin of 1.27% and a return on equity of 7.81%. The firm had revenue of $366.70 million during the quarter, compared to the consensus estimate of $360.55 million. During the same period in the prior year, the company posted $0.19 earnings per share. The company’s revenue for the quarter was up 2.9% compared to the same quarter last year. Utz Brands has set its FY 2025 guidance at 0.820-0.850 EPS. Equities analysts expect that Utz Brands, Inc. will post 0.85 earnings per share for the current year.

Utz Brands Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Thursday, October 2nd. Investors of record on Monday, September 15th were paid a dividend of $0.061 per share. The ex-dividend date of this dividend was Monday, September 15th. This represents a $0.24 annualized dividend and a yield of 2.0%. Utz Brands’s dividend payout ratio is currently 114.29%.

Utz Brands 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.