Utz Brands, Inc. (NYSE:UTZ) Receives $12.06 Consensus Target Price from Analysts

Utz Brands, Inc. (NYSE:UTZ) has earned an average recommendation of “Hold” from the eight ratings firms that are presently covering the firm, Marketbeat.com reports. One research analyst has rated the stock with a sell recommendation, three have issued a hold recommendation and four have given a buy recommendation to the company. The average 12 month target price among brokers that have covered the stock in the last year is $12.0556.

A number of research analysts recently commented on the company. Zacks Research upgraded Utz Brands from a “strong sell” rating to a “hold” rating in a research note on Monday, April 20th. BTIG Research initiated coverage on shares of Utz Brands in a report on Monday, April 13th. They issued a “buy” rating and a $10.00 price target on the stock. Barclays dropped their price objective on shares of Utz Brands from $12.00 to $10.00 and set an “overweight” rating for the company in a research note on Tuesday, April 14th. Royal Bank Of Canada set a $15.00 price objective on shares of Utz Brands in a report on Thursday, April 9th. Finally, UBS Group decreased their target price on shares of Utz Brands from $10.00 to $8.50 and set a “neutral” rating on the stock in a research report on Tuesday, April 7th.

Hedge Funds Weigh In On Utz Brands

Hedge funds have recently modified their holdings of the stock. ProShare Advisors LLC lifted its position in shares of Utz Brands by 8.7% during the 4th quarter. ProShare Advisors LLC now owns 13,457 shares of the company’s stock worth $140,000 after buying an additional 1,074 shares during the period. Pathstone Holdings LLC grew its position in Utz Brands by 0.8% in the third 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 period. Orion Porfolio Solutions LLC raised its stake in Utz Brands by 1.0% during the second quarter. Orion Porfolio Solutions LLC now owns 109,921 shares of the company’s stock worth $1,380,000 after acquiring an additional 1,137 shares in the last quarter. Osaic Holdings Inc. lifted its holdings in shares of Utz Brands by 76.1% during the second quarter. Osaic Holdings Inc. now owns 3,756 shares of the company’s stock valued at $47,000 after acquiring an additional 1,623 shares during the period. Finally, Aster Capital Management DIFC Ltd lifted its holdings in shares of Utz Brands by 194.8% during the third quarter. Aster Capital Management DIFC Ltd now owns 2,618 shares of the company’s stock valued at $32,000 after acquiring an additional 1,730 shares during the period. 95.97% of the stock is owned by institutional investors and hedge funds.

Utz Brands Price Performance

NYSE UTZ opened at $6.88 on Wednesday. Utz Brands has a twelve month low of $6.78 and a twelve month high of $14.67. The company has a debt-to-equity ratio of 0.62, a quick ratio of 0.75 and a current ratio of 1.14. The stock has a market capitalization of $989.39 million, a PE ratio of -68.75, a P/E/G ratio of 2.52 and a beta of 0.83. The stock has a 50-day simple moving average of $7.54 and a 200 day simple moving average of $8.85.

Utz Brands (NYSE:UTZ) last issued its quarterly earnings results on Wednesday, May 6th. The company reported $0.15 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.14 by $0.01. The firm had revenue of $361.30 million for the quarter, compared to analyst estimates of $361.77 million. Utz Brands had a positive return on equity of 8.61% and a negative net margin of 0.58%.The company’s quarterly revenue was up 2.6% compared to the same quarter last year. During the same period in the previous year, the company posted $0.16 earnings per share. Utz Brands has set its FY 2026 guidance at 0.771-0.795 EPS. Research analysts anticipate that Utz Brands will post 0.78 EPS for the current year.

Utz Brands Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, April 23rd. Shareholders of record on Monday, April 13th were paid a dividend of $0.063 per share. The ex-dividend date was Monday, April 13th. This represents a $0.25 dividend on an annualized basis and a yield of 3.7%. Utz Brands’s dividend payout ratio (DPR) is currently -250.00%.

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.