Series U. Of Um Partners, Llc Sells 397,885 Shares of Utz Brands, Inc. (NYSE:UTZ) Stock

Utz Brands, Inc. (NYSE:UTZ) major shareholder Series U. Of Um Partners, Llc sold 397,885 shares of Utz Brands stock in a transaction on Monday, May 6th. The stock was sold at an average price of $18.76, for a total transaction of $7,464,322.60. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Large shareholders that own 10% or more of a company’s shares are required to disclose their transactions with the SEC.

Utz Brands Trading Down 2.2 %

Utz Brands stock opened at $18.55 on Thursday. Utz Brands, Inc. has a 12-month low of $11.17 and a 12-month high of $20.04. The stock has a market capitalization of $2.61 billion, a PE ratio of -74.18, a price-to-earnings-growth ratio of 1.32 and a beta of 0.97. The firm has a 50 day simple moving average of $18.03 and a 200-day simple moving average of $16.33. The company has a debt-to-equity ratio of 0.54, a current ratio of 1.40 and a quick ratio of 0.95.

Utz Brands (NYSE:UTZ) last issued its quarterly earnings results on Thursday, May 2nd. The company reported $0.14 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.13 by $0.01. Utz Brands had a positive return on equity of 6.16% and a negative net margin of 1.38%. The company had revenue of $346.50 million for the quarter, compared to analysts’ expectations of $346.99 million. During the same period last year, the firm earned $0.11 EPS. The firm’s revenue for the quarter was down 1.4% on a year-over-year basis. As a group, equities research analysts expect that Utz Brands, Inc. will post 0.72 EPS for the current fiscal year.

Utz Brands Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, May 2nd. Stockholders of record on Monday, April 15th were given a dividend of $0.059 per share. This is a positive change from Utz Brands’s previous quarterly dividend of $0.06. The ex-dividend date was Friday, April 12th. This represents a $0.24 annualized dividend and a dividend yield of 1.27%. Utz Brands’s dividend payout ratio (DPR) is -96.00%.

Institutional Trading of Utz Brands

A number of hedge funds and other institutional investors have recently made changes to their positions in the business. Pathstone Family Office LLC grew its position in Utz Brands by 0.3% in the third quarter. Pathstone Family Office LLC now owns 300,466 shares of the company’s stock worth $4,035,000 after buying an additional 888 shares during the last quarter. ProShare Advisors LLC grew its holdings in shares of Utz Brands by 8.5% in the 1st quarter. ProShare Advisors LLC now owns 12,944 shares of the company’s stock worth $239,000 after acquiring an additional 1,017 shares during the last quarter. Parallel Advisors LLC raised its position in shares of Utz Brands by 11.6% during the fourth quarter. Parallel Advisors LLC now owns 9,924 shares of the company’s stock worth $161,000 after purchasing an additional 1,033 shares during the period. First Bank & Trust raised its position in shares of Utz Brands by 8.7% during the fourth quarter. First Bank & Trust now owns 13,536 shares of the company’s stock worth $220,000 after purchasing an additional 1,083 shares during the period. Finally, Personal CFO Solutions LLC lifted its holdings in shares of Utz Brands by 6.7% during the third quarter. Personal CFO Solutions LLC now owns 18,908 shares of the company’s stock valued at $254,000 after purchasing an additional 1,187 shares during the last quarter. 95.97% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

A number of brokerages recently weighed in on UTZ. Stephens boosted their price objective on shares of Utz Brands from $21.00 to $23.00 and gave the company an “overweight” rating in a research report on Friday, May 3rd. Needham & Company LLC increased their price target on Utz Brands from $20.50 to $22.00 and gave the stock a “buy” rating in a research report on Friday, May 3rd. Royal Bank of Canada boosted their price objective on Utz Brands from $19.00 to $23.00 and gave the company an “outperform” rating in a research report on Friday, May 3rd. Barclays increased their target price on Utz Brands from $20.00 to $23.00 and gave the stock an “overweight” rating in a research report on Monday. Finally, Truist Financial boosted their price target on shares of Utz Brands from $13.00 to $17.00 and gave the company a “hold” rating in a report on Monday, March 4th. Three research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the stock. According to MarketBeat, Utz Brands presently has a consensus rating of “Moderate Buy” and a consensus price target of $20.42.

Utz Brands Company 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.