Utz Brands, Inc. (NYSE:UTZ) EVP Theresa Robbins Shea Acquires 1,395 Shares

Utz Brands, Inc. (NYSE:UTZ) EVP Theresa Robbins Shea bought 1,395 shares of the firm’s stock in a transaction on Tuesday, February 25th. The stock was purchased at an average cost of $14.31 per share, with a total value of $19,962.45. Following the completion of the acquisition, the executive vice president now directly owns 51,271 shares of the company’s stock, valued at approximately $733,688.01. The trade was a 2.80 % increase in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through this link.

Utz Brands Stock Performance

NYSE UTZ traded up $0.28 during trading hours on Tuesday, hitting $14.19. 1,178,415 shares of the company’s stock traded hands, compared to its average volume of 1,157,897. Utz Brands, Inc. has a 52 week low of $12.71 and a 52 week high of $20.04. The firm has a market capitalization of $2.00 billion, a P/E ratio of 78.81, a P/E/G ratio of 0.86 and a beta of 1.02. 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 business’s fifty day moving average price is $14.28 and its two-hundred day moving average price is $16.17.

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

Utz Brands Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, January 2nd. Stockholders of record on Monday, December 16th were paid a $0.061 dividend. The ex-dividend date was Monday, December 16th. This represents a $0.24 annualized dividend and a dividend yield of 1.72%. This is an increase from Utz Brands’s previous quarterly dividend of $0.06. Utz Brands’s dividend payout ratio (DPR) is 133.33%.

Institutional Inflows and Outflows

A number of hedge funds have recently made changes to their positions in UTZ. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its holdings in Utz Brands by 4.6% during the fourth quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 143,728 shares of the company’s stock valued at $2,251,000 after purchasing an additional 6,268 shares in the last quarter. Two Sigma Investments LP bought a new stake in shares of Utz Brands during the 4th quarter valued at $512,000. Snowden Capital Advisors LLC lifted its stake in shares of Utz Brands by 6.9% during the 4th quarter. Snowden Capital Advisors LLC now owns 35,318 shares of the company’s stock valued at $555,000 after buying an additional 2,282 shares in the last quarter. ProShare Advisors LLC boosted its holdings in Utz Brands by 51.1% in the 4th quarter. ProShare Advisors LLC now owns 18,569 shares of the company’s stock worth $291,000 after buying an additional 6,279 shares during the period. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its holdings in Utz Brands by 4.5% in the 4th quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 37,280 shares of the company’s stock worth $584,000 after buying an additional 1,596 shares during the period. 95.97% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

A number of analysts have commented on UTZ shares. TD Cowen reduced their target price on Utz Brands from $21.00 to $17.00 and set a “buy” rating for the company in a report on Wednesday, January 8th. Mizuho decreased their target price on Utz Brands from $21.00 to $19.00 and set an “outperform” rating for the company in a research report on Monday, February 10th. Royal Bank of Canada dropped their price target on shares of Utz Brands from $23.00 to $20.00 and set an “outperform” rating on the stock in a report on Monday. Piper Sandler decreased their price objective on shares of Utz Brands from $24.00 to $20.00 and set an “overweight” rating for the company in a report on Thursday, January 16th. Finally, DA Davidson lowered their price objective on shares of Utz Brands from $18.00 to $16.00 and set a “neutral” rating on the stock in a research report on Monday. Two research analysts have rated the stock with a hold rating and eight have issued a buy rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $19.30.

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.