Utz Brands, Inc. (NYSE:UTZ) Director Dylan Lissette Sells 10,003 Shares of Stock

Utz Brands, Inc. (NYSE:UTZ) Director Dylan Lissette sold 10,003 shares of the stock in a transaction on Tuesday, May 7th. The shares were sold at an average price of $19.11, for a total value of $191,157.33. Following the completion of the transaction, the director now owns 118,222 shares in the company, valued at $2,259,222.42. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink.

Utz Brands Stock Performance

UTZ stock opened at $18.98 on Wednesday. Utz Brands, Inc. has a 1-year low of $11.17 and a 1-year high of $20.04. The company has a current ratio of 1.40, a quick ratio of 0.95 and a debt-to-equity ratio of 0.54. The firm has a market cap of $2.67 billion, a PE ratio of -75.92, a P/E/G ratio of 1.32 and a beta of 0.97. The business’s 50-day moving average price is $18.02 and its two-hundred day moving average price is $16.28.

Utz Brands (NYSE:UTZ) last released its quarterly earnings data on Thursday, May 2nd. The company reported $0.14 earnings per share 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 business had revenue of $346.50 million for the quarter, compared to analysts’ expectations of $346.99 million. During the same quarter in the previous year, the business posted $0.11 EPS. Utz Brands’s revenue for the quarter was down 1.4% on a year-over-year basis. As a group, research analysts forecast that Utz Brands, Inc. will post 0.72 earnings per share for the current year.

Utz Brands Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, May 2nd. Stockholders of record on Monday, April 15th were issued a $0.059 dividend. This represents a $0.24 annualized dividend and a dividend yield of 1.24%. The ex-dividend date was Friday, April 12th. This is a boost from Utz Brands’s previous quarterly dividend of $0.06. Utz Brands’s dividend payout ratio is -96.00%.

Institutional Investors Weigh In On Utz Brands

Several large investors have recently made changes to their positions in the stock. UBS Group AG boosted its stake in Utz Brands by 47.5% in the 3rd quarter. UBS Group AG now owns 594,643 shares of the company’s stock worth $7,986,000 after purchasing an additional 191,441 shares during the period. Alpine Global Management LLC bought a new stake in shares of Utz Brands in the third quarter valued at about $698,000. Copeland Capital Management LLC boosted its position in shares of Utz Brands by 7.2% during the fourth quarter. Copeland Capital Management LLC now owns 2,952,337 shares of the company’s stock worth $47,946,000 after buying an additional 199,472 shares during the period. First Eagle Investment Management LLC grew its holdings in shares of Utz Brands by 96.5% during the third quarter. First Eagle Investment Management LLC now owns 409,027 shares of the company’s stock worth $5,493,000 after buying an additional 200,850 shares in the last quarter. Finally, Jackson Creek Investment Advisors LLC acquired a new stake in Utz Brands in the 3rd quarter valued at approximately $852,000. Institutional investors own 95.97% of the company’s stock.

Analysts Set New Price Targets

UTZ has been the topic of several recent research reports. Mizuho raised their price target on Utz Brands from $22.00 to $24.00 and gave the company a “buy” rating in a report on Friday, May 3rd. Barclays lifted their price target on shares of Utz Brands from $20.00 to $23.00 and gave the stock an “overweight” rating in a research report on Monday. DA Davidson started coverage on shares of Utz Brands in a report on Friday, March 1st. They issued a “neutral” rating and a $20.00 price objective on the stock. Bank of America raised shares of Utz Brands from a “neutral” rating to a “buy” rating and raised their price objective for the company from $19.00 to $22.00 in a research note on Thursday, March 14th. Finally, Needham & Company LLC upped their target price on shares of Utz Brands from $20.50 to $22.00 and gave the company a “buy” rating in a research report on Friday, May 3rd. Three equities research analysts have rated the stock with a hold rating and nine have given a buy rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price 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.