Analysts Set Utz Brands, Inc. (NYSE:UTZ) Target Price at $25.77

Shares of Utz Brands, Inc. (NYSE:UTZ) have been given an average rating of “Buy” by the twelve research firms that are currently covering the firm, MarketBeat Ratings reports. One equities research analyst has rated the stock with a sell recommendation, four have issued a hold recommendation and seven have issued a buy recommendation on the company. The average 1-year target price among analysts that have updated their coverage on the stock in the last year is $25.77.

Several brokerages have weighed in on UTZ. Zacks Investment Research cut Utz Brands from a “hold” rating to a “sell” rating in a report on Wednesday, June 30th. The Goldman Sachs Group dropped their price objective on Utz Brands from $25.00 to $20.50 and set a “neutral” rating for the company in a report on Tuesday, August 24th. Finally, Stephens dropped their price objective on Utz Brands from $27.00 to $23.00 and set an “overweight” rating for the company in a report on Friday, August 13th.

In related news, Director John W. Altmeyer acquired 5,000 shares of the business’s stock in a transaction dated Monday, August 16th. The stock was bought at an average price of $18.67 per share, with a total value of $93,350.00. The purchase was disclosed in a filing with the SEC, which is available at this hyperlink. Corporate insiders own 17.32% of the company’s stock.

A number of hedge funds have recently bought and sold shares of the business. IFP Advisors Inc increased its position in shares of Utz Brands by 41.0% in the second quarter. IFP Advisors Inc now owns 1,720 shares of the company’s stock worth $38,000 after purchasing an additional 500 shares during the period. M&T Bank Corp boosted its stake in Utz Brands by 3.9% in the second quarter. M&T Bank Corp now owns 14,885 shares of the company’s stock valued at $324,000 after buying an additional 560 shares in the last quarter. Swiss National Bank boosted its stake in Utz Brands by 1.1% in the first quarter. Swiss National Bank now owns 101,800 shares of the company’s stock valued at $2,524,000 after buying an additional 1,100 shares in the last quarter. KB Financial Partners LLC acquired a new stake in Utz Brands in the first quarter valued at about $34,000. Finally, Cambridge Investment Research Advisors Inc. boosted its stake in Utz Brands by 13.6% in the second quarter. Cambridge Investment Research Advisors Inc. now owns 12,266 shares of the company’s stock valued at $267,000 after buying an additional 1,464 shares in the last quarter. Hedge funds and other institutional investors own 41.21% of the company’s stock.

NYSE UTZ traded down $0.07 on Friday, hitting $18.11. 3,484 shares of the company were exchanged, compared to its average volume of 688,783. The firm has a 50 day moving average of $20.32 and a two-hundred day moving average of $23.21. The company has a quick ratio of 1.26, a current ratio of 1.71 and a debt-to-equity ratio of 0.55. Utz Brands has a 1-year low of $16.60 and a 1-year high of $30.09.

Utz Brands (NYSE:UTZ) last issued its quarterly earnings results on Wednesday, August 11th. The company reported $0.13 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.14 by ($0.01). The company had revenue of $297.92 million for the quarter, compared to analyst estimates of $286.69 million. Utz Brands had a positive return on equity of 3.55% and a negative net margin of 1.68%. On average, research analysts expect that Utz Brands will post 0.6 earnings per share for the current fiscal year.

The firm also recently announced a quarterly dividend, which will be paid on Monday, October 11th. Investors of record on Monday, September 20th will be paid a dividend of $0.05 per share. The ex-dividend date is Friday, September 17th. This represents a $0.20 dividend on an annualized basis and a yield of 1.10%.

About Utz Brands

UTZ Brands, Inc manufactures, markets, and distributes branded snacking products. It offers a broad range of salty snacks, including potato chips, pretzels, cheese snacks, veggie snacks, pork skins and other snacks. The firm’s brands include Utz, Zapp’s, Golden Flake, Good Health, Boulder Canyon and Hawaiian.

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Analyst Recommendations for Utz Brands (NYSE:UTZ)

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