UBS Group Issues Pessimistic Forecast for Utz Brands (NYSE:UTZ) Stock Price

Utz Brands (NYSE:UTZ) had its price target decreased by research analysts at UBS Group from $10.00 to $8.50 in a research report issued to clients and investors on Tuesday,Benzinga reports. The brokerage presently has a “neutral” rating on the stock. UBS Group’s price objective indicates a potential upside of 10.19% from the stock’s current price.

Other equities research analysts have also recently issued research reports about the company. Weiss Ratings reissued a “sell (d)” rating on shares of Utz Brands in a research note on Friday, March 27th. Mizuho set a $14.00 price target on Utz Brands in a research note on Monday, February 23rd. Zacks Research cut Utz Brands from a “hold” rating to a “strong sell” rating in a research note on Wednesday, January 14th. Piper Sandler lowered their price target on Utz Brands from $15.00 to $13.00 and set an “overweight” rating for the company in a research note on Tuesday, January 13th. Finally, DA Davidson set a $15.00 price target on Utz Brands in a research note 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 issued a Sell rating to the company. Based on data from MarketBeat.com, Utz Brands presently has a consensus rating of “Hold” and an average price target of $12.64.

Utz Brands Stock Down 0.3%

Shares of UTZ traded down $0.03 during trading hours on Tuesday, reaching $7.71. The company’s stock had a trading volume of 677,024 shares, compared to its average volume of 1,799,519. The firm has a market cap of $1.11 billion, a price-to-earnings ratio of 769.27, a P/E/G ratio of 2.84 and a beta of 0.98. Utz Brands has a 1-year low of $7.11 and a 1-year high of $14.67. 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 50 day moving average of $8.88 and a two-hundred day moving average of $10.12.

Utz Brands (NYSE:UTZ) last issued its earnings results on Thursday, February 12th. The company reported $0.26 earnings per share for the quarter, meeting analysts’ consensus estimates of $0.26. The company had revenue of $342.20 million for the quarter, compared to the consensus estimate of $346.99 million. Utz Brands had a return on equity of 8.57% and a net margin of 0.06%.The firm’s quarterly revenue was up .4% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.22 EPS. Utz Brands has set its FY 2026 guidance at 0.771-0.795 EPS. As a group, research analysts predict that Utz Brands will post 0.85 EPS for the current fiscal year.

Institutional Investors Weigh In On Utz Brands

A number of large investors have recently added to or reduced their stakes in UTZ. Alyeska Investment Group L.P. boosted its position in Utz Brands by 105.2% during the fourth quarter. Alyeska Investment Group L.P. now owns 2,414,791 shares of the company’s stock worth $25,066,000 after purchasing an additional 1,238,180 shares during the period. Marshall Wace LLP boosted its position in Utz Brands by 249.9% during the fourth quarter. Marshall Wace LLP now owns 1,658,502 shares of the company’s stock worth $17,215,000 after purchasing an additional 1,184,571 shares during the period. Balyasny Asset Management L.P. lifted its holdings in shares of Utz Brands by 42.3% during the second quarter. Balyasny Asset Management L.P. now owns 2,946,512 shares of the company’s stock worth $36,979,000 after buying an additional 875,847 shares during the last quarter. Tributary Capital Management LLC lifted its holdings in shares of Utz Brands by 93.2% during the third quarter. Tributary Capital Management LLC now owns 1,688,976 shares of the company’s stock worth $20,521,000 after buying an additional 814,555 shares during the last quarter. Finally, Squarepoint Ops LLC lifted its holdings in shares of Utz Brands by 261.5% during the fourth quarter. Squarepoint Ops LLC now owns 994,418 shares of the company’s stock worth $10,322,000 after buying an additional 719,361 shares during the last quarter. Institutional investors own 95.97% of the company’s stock.

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.