Utz Brands, Inc. (NYSE:UTZ) Given Consensus Rating of “Moderate Buy” by Analysts

Shares of Utz Brands, Inc. (NYSE:UTZ) have received an average rating of “Moderate Buy” from the eight brokerages that are presently covering the stock, Marketbeat reports. One equities research analyst has rated the stock with a hold rating and seven have assigned a buy rating to the company. The average 1 year price target among brokers that have covered the stock in the last year is $19.25.

A number of analysts have issued reports on the company. Barclays decreased their target price on Utz Brands from $19.00 to $17.00 and set an “overweight” rating for the company in a research report on Friday, January 17th. Mizuho decreased their target price on Utz Brands from $21.00 to $19.00 and set an “outperform” rating for the company in a research report on Monday, February 10th. Royal Bank of Canada decreased their price objective on Utz Brands from $23.00 to $20.00 and set an “outperform” rating on the stock in a research note on Monday, February 24th. TD Cowen decreased their price objective on Utz Brands from $21.00 to $17.00 and set a “buy” rating on the stock in a research note on Wednesday, January 8th. Finally, 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 research note on Thursday, January 16th.

Insiders Place Their Bets

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

Hedge Funds Weigh In On Utz Brands

Hedge funds and other institutional investors have recently modified their holdings of the company. State Street Corp boosted its holdings in shares of Utz Brands by 9.5% in the 3rd quarter. State Street Corp now owns 1,758,961 shares of the company’s stock worth $31,256,000 after purchasing an additional 152,868 shares in the last quarter. Vestcor Inc boosted its holdings in shares of Utz Brands by 11.4% in the 3rd quarter. Vestcor Inc now owns 296,100 shares of the company’s stock worth $5,241,000 after purchasing an additional 30,400 shares in the last quarter. Geode Capital Management LLC boosted its holdings in shares of Utz Brands by 3.2% in the 3rd quarter. Geode Capital Management LLC now owns 1,548,231 shares of the company’s stock worth $27,409,000 after purchasing an additional 47,320 shares in the last quarter. Barclays PLC boosted its holdings in shares of Utz Brands by 21.4% in the 3rd quarter. Barclays PLC now owns 555,477 shares of the company’s stock worth $9,831,000 after purchasing an additional 97,767 shares in the last quarter. Finally, Victory Capital Management Inc. boosted its holdings in shares of Utz Brands by 2.5% in the 4th quarter. Victory Capital Management Inc. now owns 1,510,472 shares of the company’s stock worth $23,654,000 after purchasing an additional 36,425 shares in the last quarter. 95.97% of the stock is currently owned by hedge funds and other institutional investors.

Utz Brands Stock Performance

Shares of Utz Brands stock opened at $13.29 on Monday. The company has a current ratio of 1.21, a quick ratio of 0.85 and a debt-to-equity ratio of 0.56. The business’s fifty day simple moving average is $13.72 and its 200 day simple moving average is $15.86. Utz Brands has a 12 month low of $12.71 and a 12 month high of $20.04. The firm has a market capitalization of $1.88 billion, a P/E ratio of 73.82, a price-to-earnings-growth ratio of 0.86 and a beta of 1.05.

Utz Brands (NYSE:UTZ) last released its earnings results on Thursday, February 20th. The company reported $0.22 earnings per share (EPS) for the quarter, topping 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 during the quarter, compared to the consensus estimate of $349.93 million. During the same period last year, the business posted $0.16 earnings per share. As a group, analysts anticipate that Utz Brands will post 0.85 EPS for the current year.

About Utz Brands

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.