Quantinno Capital Management LP Raises Stock Holdings in Utz Brands, Inc. $UTZ

Quantinno Capital Management LP grew its position in shares of Utz Brands, Inc. (NYSE:UTZ) by 140.9% during the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 291,034 shares of the company’s stock after buying an additional 170,211 shares during the period. Quantinno Capital Management LP’s holdings in Utz Brands were worth $2,305,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also made changes to their positions in UTZ. NewEdge Advisors LLC acquired a new position in Utz Brands during the 2nd quarter valued at approximately $25,000. Global Retirement Partners LLC increased its position in Utz Brands by 431.5% in the fourth quarter. Global Retirement Partners LLC now owns 3,343 shares of the company’s stock worth $35,000 after buying an additional 2,714 shares during the period. Osaic Holdings Inc. lifted its stake in Utz Brands by 76.1% in the second quarter. Osaic Holdings Inc. now owns 3,756 shares of the company’s stock valued at $47,000 after buying an additional 1,623 shares during the last quarter. Farther Finance Advisors LLC boosted its holdings in shares of Utz Brands by 118.5% during the fourth quarter. Farther Finance Advisors LLC now owns 4,356 shares of the company’s stock valued at $45,000 after acquiring an additional 2,362 shares during the period. Finally, Aster Capital Management DIFC Ltd boosted its holdings in shares of Utz Brands by 134.0% during the fourth quarter. Aster Capital Management DIFC Ltd now owns 6,125 shares of the company’s stock valued at $64,000 after acquiring an additional 3,507 shares during the period. 95.97% of the stock is currently owned by institutional investors and hedge funds.

Utz Brands Stock Performance

Utz Brands stock opened at $14.11 on Tuesday. Utz Brands, Inc. has a 52 week low of $6.78 and a 52 week high of $14.19. The company has a debt-to-equity ratio of 0.62, a quick ratio of 0.69 and a current ratio of 1.06. The firm has a market capitalization of $2.03 billion, a price-to-earnings ratio of -42.76 and a beta of 0.73. The company has a 50 day moving average price of $9.43 and a 200 day moving average price of $8.77.

Utz Brands (NYSE:UTZ) last released its earnings results on Wednesday, August 5th. The company reported $0.19 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.18 by $0.01. The company had revenue of $371.80 million during the quarter, compared to analyst estimates of $374.18 million. Utz Brands had a positive return on equity of 8.97% and a negative net margin of 2.00%.The company’s revenue for the quarter was up 1.4% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.17 earnings per share. Research analysts forecast that Utz Brands, Inc. will post 0.79 EPS for the current year.

Utz Brands Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, July 2nd. Stockholders of record on Monday, June 22nd were issued a $0.063 dividend. The ex-dividend date was Monday, June 22nd. This represents a $0.25 dividend on an annualized basis and a dividend yield of 1.8%. Utz Brands’s dividend payout ratio is currently -75.76%.

Analyst Ratings Changes

UTZ has been the topic of a number of analyst reports. Wall Street Zen cut shares of Utz Brands from a “hold” rating to a “sell” rating in a report on Saturday, July 25th. TD Cowen decreased their target price on shares of Utz Brands from $11.00 to $9.00 and set a “hold” rating for the company in a research report on Monday, April 20th. Weiss Ratings restated a “sell (d)” rating on shares of Utz Brands in a research note on Wednesday, June 24th. Barclays cut Utz Brands from an “overweight” rating to an “equal weight” rating and set a $14.00 price target on the stock. in a report on Tuesday, July 21st. Finally, Stephens set a $14.25 price objective on Utz Brands in a research report on Tuesday, July 21st. One investment analyst has rated the stock with a Buy rating, nine have issued a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus target price of $13.39.

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.