Utz Brands (NYSE:UTZ) Reaches New 1-Year Low – Should You Sell?

Utz Brands, Inc. (NYSE:UTZ)’s stock price reached a new 52-week low during trading on Tuesday . The stock traded as low as $7.22 and last traded at $7.2360, with a volume of 572865 shares changing hands. The stock had previously closed at $7.43.

Analysts Set New Price Targets

UTZ has been the subject of several analyst reports. Barclays decreased their target price on Utz Brands from $13.00 to $12.00 and set an “overweight” rating for the company in a research report on Friday, February 13th. Zacks Research lowered Utz Brands from a “hold” rating to a “strong sell” rating in a research report on Wednesday, January 14th. Weiss Ratings restated a “sell (d)” rating on shares of Utz Brands in a report on Monday, December 29th. Piper Sandler lowered their price objective on shares of Utz Brands from $15.00 to $13.00 and set an “overweight” rating for the company in a research report on Tuesday, January 13th. Finally, DA Davidson set a $15.00 price objective on shares of Utz Brands in a research note on Wednesday, January 14th. Four investment analysts have rated the stock with a Buy rating, two have assigned a Hold rating and two have assigned a Sell rating to the company’s stock. According to MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus target price of $12.86.

Utz Brands Stock Down 1.4%

The firm has a 50 day moving average price of $9.31 and a two-hundred day moving average price of $10.43. The company has a quick ratio of 0.82, a current ratio of 1.19 and a debt-to-equity ratio of 0.62. The company has a market capitalization of $1.07 billion, a price-to-earnings ratio of 745.95, a P/E/G ratio of 2.67 and a beta of 0.93.

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

Hedge Funds Weigh In On Utz Brands

Institutional investors and hedge funds have recently made changes to their positions in the business. Ameritas Investment Partners Inc. grew its position in shares of Utz Brands by 16.1% during the second quarter. Ameritas Investment Partners Inc. now owns 7,394 shares of the company’s stock worth $93,000 after buying an additional 1,023 shares in the last quarter. ProShare Advisors LLC raised its holdings in Utz Brands by 8.7% in the fourth quarter. ProShare Advisors LLC now owns 13,457 shares of the company’s stock valued at $140,000 after acquiring an additional 1,074 shares in the last quarter. Pathstone Holdings LLC boosted its stake in Utz Brands by 0.8% during the 3rd quarter. Pathstone Holdings LLC now owns 140,831 shares of the company’s stock valued at $1,711,000 after acquiring an additional 1,075 shares during the last quarter. Orion Porfolio Solutions LLC boosted its stake in Utz Brands by 1.0% during the 2nd quarter. Orion Porfolio Solutions LLC now owns 109,921 shares of the company’s stock valued at $1,380,000 after acquiring an additional 1,137 shares during the last quarter. Finally, Osaic Holdings Inc. grew its holdings in Utz Brands by 76.1% during the 2nd quarter. Osaic Holdings Inc. now owns 3,756 shares of the company’s stock worth $47,000 after acquiring an additional 1,623 shares in the last quarter. 95.97% of the stock is currently owned by hedge funds and other institutional investors.

About Utz Brands

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.