Vanguard Group Inc. Sells 513,855 Shares of Utz Brands, Inc. $UTZ

Vanguard Group Inc. reduced its holdings in Utz Brands, Inc. (NYSE:UTZ) by 6.5% in the third quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 7,427,109 shares of the company’s stock after selling 513,855 shares during the period. Vanguard Group Inc. owned approximately 0.05% of Utz Brands worth $90,239,000 as of its most recent filing with the Securities & Exchange Commission.

Other large investors have also recently made changes to their positions in the company. Royal Bank of Canada raised its position in shares of Utz Brands by 39.7% during the 1st quarter. Royal Bank of Canada now owns 248,912 shares of the company’s stock valued at $3,504,000 after buying an additional 70,739 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its stake in Utz Brands by 5.9% during the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 39,470 shares of the company’s stock worth $556,000 after acquiring an additional 2,190 shares during the last quarter. Goldman Sachs Group Inc. raised its position in Utz Brands by 40.8% during the first quarter. Goldman Sachs Group Inc. now owns 2,022,709 shares of the company’s stock valued at $28,480,000 after purchasing an additional 585,952 shares during the period. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC raised its position in Utz Brands by 36.4% during the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 196,013 shares of the company’s stock valued at $2,760,000 after purchasing an additional 52,285 shares during the period. Finally, Envestnet Asset Management Inc. lifted its stake in shares of Utz Brands by 2.7% in the 2nd quarter. Envestnet Asset Management Inc. now owns 873,070 shares of the company’s stock valued at $10,957,000 after purchasing an additional 22,860 shares during the last quarter. 95.97% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

Several research firms have recently weighed in on UTZ. Weiss Ratings reissued a “sell (d)” rating on shares of Utz Brands in a research report on Monday, December 29th. Barclays dropped their price objective on shares of Utz Brands from $13.00 to $12.00 and set an “overweight” rating for the company in a research note on Friday, February 13th. Piper Sandler reduced their target price on shares of Utz Brands from $15.00 to $13.00 and set an “overweight” rating on the stock in a research note on Tuesday, January 13th. Bank of America lowered their target price on shares of Utz Brands from $15.00 to $14.00 and set a “buy” rating for the company in a report on Tuesday, January 13th. Finally, DA Davidson set a $15.00 price target on shares of Utz Brands in a report on Wednesday, January 14th. Four equities research analysts have rated the stock with a Buy rating, two have given a Hold rating and two have assigned a Sell rating to the company’s stock. According to data from MarketBeat, the stock currently has a consensus rating of “Hold” and an average price target of $12.86.

Utz Brands Stock Down 0.2%

NYSE:UTZ opened at $8.62 on Friday. The company has a market cap of $1.24 billion, a price-to-earnings ratio of 862.86, a price-to-earnings-growth ratio of 3.18 and a beta of 0.93. Utz Brands, Inc. has a twelve month low of $8.54 and a twelve month high of $14.67. The company has a current ratio of 1.19, a quick ratio of 0.82 and a debt-to-equity ratio of 0.62. The stock has a fifty day simple moving average of $10.01 and a 200-day simple moving average of $11.00.

Utz Brands (NYSE:UTZ) last posted its quarterly earnings results on Thursday, February 12th. The company reported $0.26 EPS for the quarter, hitting the consensus estimate of $0.26. Utz Brands had a net margin of 0.06% and a return on equity of 8.57%. The company had revenue of $342.20 million for the quarter, compared to the consensus estimate of $346.99 million. During the same quarter last year, the firm posted $0.22 EPS. The firm’s revenue was up .4% compared to the same quarter last year. Utz Brands has set its FY 2026 guidance at 0.771-0.795 EPS. Analysts anticipate that Utz Brands, Inc. will post 0.85 EPS for the current year.

Utz Brands Company Profile

Utz Brands, Inc is a leading U.S. manufacturer and distributor of salty snack foods, offering a wide range of products including potato chips, pretzels, cheese snacks, popcorn and tortilla chips. Headquartered in Hanover, Pennsylvania, the company markets its snacks under several well-known brands and serves grocery, mass merchandise, club, convenience and online retailers throughout the United States.

Founded in 1921 by Bill and Salie Utz as a small country store operation, the business expanded gradually through direct delivery to local customers and sales to regional grocers.