Insider Buying: Utz Brands (NYSE:UTZ) Director Purchases $78,930.99 in Stock

Utz Brands, Inc. (NYSE:UTZ) Director Dylan Lissette purchased 7,901 shares of the firm’s stock in a transaction on Friday, November 7th. The stock was bought at an average cost of $9.99 per share, with a total value of $78,930.99. Following the completion of the acquisition, the director directly owned 153,684 shares of the company’s stock, valued at $1,535,303.16. This trade represents a 5.42% increase in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link.

Dylan Lissette also recently made the following trade(s):

• On Monday, November 3rd, Dylan Lissette bought 31,750 shares of Utz Brands stock. The shares were purchased at an average cost of $10.58 per share, with a total value of $335,915.00.

Utz Brands Stock Performance

UTZ opened at $10.47 on Thursday. The firm has a fifty day moving average price of $12.05 and a 200 day moving average price of $12.78. Utz Brands, Inc. has a 1 year low of $9.77 and a 1 year high of $17.78. The stock has a market cap of $1.50 billion, a P/E ratio of 149.50, a P/E/G ratio of 1.38 and a beta of 1.00. The company has a debt-to-equity ratio of 0.62, a current ratio of 1.22 and a quick ratio of 0.80.

Utz Brands (NYSE:UTZ) last released its quarterly earnings data on Thursday, October 30th. The company reported $0.23 earnings per share for the quarter, meeting analysts’ consensus estimates of $0.23. The company had revenue of $377.80 million during the quarter, compared to analysts’ expectations of $374.25 million. Utz Brands had a net margin of 0.39% and a return on equity of 8.12%. The firm’s revenue for the quarter was up 3.4% on a year-over-year basis. During the same quarter in the previous year, the company earned $0.21 earnings per share. Utz Brands has set its FY 2025 guidance at 0.824-0.847 EPS. Equities research analysts anticipate that Utz Brands, Inc. will post 0.85 earnings per share for the current year.

Utz Brands Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Thursday, October 2nd. Investors of record on Monday, September 15th were issued a $0.061 dividend. The ex-dividend date of this dividend was Monday, September 15th. This represents a $0.24 dividend on an annualized basis and a yield of 2.3%. Utz Brands’s dividend payout ratio is presently 342.86%.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Barclays PLC grew its holdings in shares of Utz Brands by 65.7% during the third quarter. Barclays PLC now owns 258,660 shares of the company’s stock worth $3,143,000 after buying an additional 102,576 shares in the last quarter. Dimensional Fund Advisors LP boosted its position in Utz Brands by 0.5% during the third quarter. Dimensional Fund Advisors LP now owns 2,022,847 shares of the company’s stock worth $24,576,000 after acquiring an additional 9,672 shares during the last quarter. First Eagle Investment Management LLC grew its stake in Utz Brands by 13.3% during the 3rd quarter. First Eagle Investment Management LLC now owns 725,530 shares of the company’s stock valued at $8,815,000 after acquiring an additional 85,000 shares in the last quarter. Victory Capital Management Inc. raised its holdings in Utz Brands by 8.1% in the 3rd quarter. Victory Capital Management Inc. now owns 45,577 shares of the company’s stock valued at $554,000 after acquiring an additional 3,434 shares during the last quarter. Finally, Bahl & Gaynor Inc. raised its holdings in Utz Brands by 7.5% in the 3rd quarter. Bahl & Gaynor Inc. now owns 1,045,832 shares of the company’s stock valued at $12,707,000 after acquiring an additional 72,965 shares during the last quarter. Hedge funds and other institutional investors own 95.97% of the company’s stock.

Analysts Set New Price Targets

Several analysts have commented on UTZ shares. UBS Group dropped their price objective on Utz Brands from $13.50 to $11.50 and set a “neutral” rating on the stock in a report on Friday, October 31st. Weiss Ratings reissued a “sell (d+)” rating on shares of Utz Brands in a research note on Wednesday, October 8th. Mizuho set a $16.00 price target on shares of Utz Brands in a report on Monday, November 3rd. Barclays reaffirmed an “overweight” rating and set a $14.00 price objective on shares of Utz Brands in a report on Friday, October 31st. Finally, TD Cowen dropped their target price on shares of Utz Brands from $14.00 to $12.00 and set a “hold” rating on the stock in a research report on Friday, October 31st. Five research analysts have rated the stock with a Buy rating, two have assigned a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat.com, Utz Brands currently has a consensus rating of “Moderate Buy” and a consensus price target of $15.64.

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.