Emerald Advisers LLC Trims Stock Position in Utz Brands, Inc. (NYSE:UTZ)

Emerald Advisers LLC decreased its position in shares of Utz Brands, Inc. (NYSE:UTZ) by 2.7% during the 4th quarter, HoldingsChannel.com reports. The firm owned 428,001 shares of the company’s stock after selling 12,095 shares during the quarter. Emerald Advisers LLC’s holdings in Utz Brands were worth $6,702,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Newton One Investments LLC acquired a new stake in shares of Utz Brands in the 4th quarter valued at about $26,000. Venturi Wealth Management LLC purchased a new stake in Utz Brands in the fourth quarter valued at approximately $54,000. Moody National Bank Trust Division acquired a new stake in shares of Utz Brands in the fourth quarter valued at approximately $169,000. M&T Bank Corp grew its position in shares of Utz Brands by 18.9% during the fourth quarter. M&T Bank Corp now owns 12,678 shares of the company’s stock worth $198,000 after acquiring an additional 2,011 shares during the last quarter. Finally, Ballentine Partners LLC acquired a new position in shares of Utz Brands in the 4th quarter valued at $220,000. Institutional investors and hedge funds own 95.97% of the company’s stock.

Utz Brands Stock Performance

Shares of UTZ stock opened at $13.73 on Friday. 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 stock has a 50 day simple moving average of $13.66 and a 200-day simple moving average of $15.74. The company has a market cap of $1.94 billion, a price-to-earnings ratio of 76.25, a price-to-earnings-growth ratio of 0.86 and a beta of 1.05. Utz Brands, Inc. has a 12-month low of $12.71 and a 12-month high of $20.04.

Utz Brands (NYSE:UTZ) last released its quarterly earnings data on Thursday, February 20th. The company reported $0.22 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.19 by $0.03. The firm had revenue of $341.05 million during the quarter, compared to analysts’ expectations of $349.93 million. Utz Brands had a return on equity of 7.92% and a net margin of 1.13%. During the same quarter in the prior year, the business posted $0.16 earnings per share. On average, equities analysts forecast that Utz Brands, Inc. will post 0.85 EPS for the current year.

Insider Transactions at Utz Brands

In related news, CEO Howard A. Friedman acquired 3,525 shares of the firm’s stock in a transaction that occurred on Monday, February 24th. The shares were acquired at an average price of $14.16 per share, with a total value 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 purchase was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Cc Collier Holdings, Llc sold 496,038 shares of Utz Brands 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 disclosure for this sale can be found here. Corporate insiders own 17.00% of the company’s stock.

Wall Street Analyst Weigh In

UTZ has been the subject of a number of recent research reports. Piper Sandler decreased their price target on shares of Utz Brands from $24.00 to $20.00 and set an “overweight” rating for the company in a research note on Thursday, January 16th. DA Davidson decreased their target price on shares of Utz Brands from $18.00 to $16.00 and set a “neutral” rating for the company in a research note on Monday, February 24th. TD Cowen dropped their price target on Utz Brands from $21.00 to $17.00 and set a “buy” rating on the stock in a research report on Wednesday, January 8th. Barclays decreased their price objective 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. Finally, Mizuho dropped their target price on Utz Brands from $21.00 to $19.00 and set an “outperform” rating on the stock in a report on Monday, February 10th. One investment analyst has rated the stock with a hold rating and seven have issued a buy rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $19.25.

Utz Brands Profile

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.