Utz Brands, Inc. (NYSE:UTZ) Receives $17.81 Average Target Price from Analysts

Shares of Utz Brands, Inc. (NYSE:UTZ) have been assigned an average recommendation of “Moderate Buy” from the eight research firms that are presently covering the company, Marketbeat reports. Two research analysts have rated the stock with a hold rating and six have given a buy rating to the company. The average 12 month price target among brokers that have updated their coverage on the stock in the last year is $17.81.

Several brokerages have commented on UTZ. Mizuho decreased their target price on shares of Utz Brands from $21.00 to $19.00 and set an “outperform” rating on the stock in a research report on Monday, February 10th. UBS Group decreased their price objective on shares of Utz Brands from $15.00 to $13.50 and set a “neutral” rating on the stock in a research report on Friday, May 2nd. TD Cowen lowered shares of Utz Brands from a “buy” rating to a “hold” rating and decreased their price objective for the stock from $17.00 to $15.00 in a research report on Tuesday, April 22nd. Royal Bank of Canada decreased their price objective on shares of Utz Brands from $23.00 to $20.00 and set an “outperform” rating on the stock in a research report on Monday, February 24th. Finally, DA Davidson upgraded shares of Utz Brands from a “neutral” rating to a “buy” rating and set a $16.00 target price on the stock in a report on Thursday, April 24th.

Insider Activity

In other news, insider Cc Collier Holdings, Llc sold 496,038 shares of the company’s stock in a transaction dated Thursday, March 6th. The shares were sold at an average price of $13.40, for a total transaction of $6,646,909.20. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, Director William Jr. Werzyn acquired 8,000 shares of the company’s stock in a transaction dated Wednesday, May 7th. The shares were bought at an average cost of $11.81 per share, with a total value of $94,480.00. Following the purchase, the director now owns 22,970 shares in the company, valued at approximately $271,275.70. The trade was a 53.44% increase in their ownership of the stock. The disclosure for this purchase can be found here. Corporate insiders own 16.32% of the company’s stock.

Institutional Trading of Utz Brands

A number of institutional investors and hedge funds have recently bought and sold shares of UTZ. Barclays PLC increased its position in Utz Brands by 21.4% during the 3rd quarter. Barclays PLC now owns 555,477 shares of the company’s stock worth $9,831,000 after purchasing an additional 97,767 shares in the last quarter. Ballentine Partners LLC acquired a new stake in Utz Brands during the 4th quarter worth approximately $220,000. SG Americas Securities LLC increased its position in Utz Brands by 31.6% during the 4th quarter. SG Americas Securities LLC now owns 30,929 shares of the company’s stock worth $484,000 after purchasing an additional 7,419 shares in the last quarter. Copeland Capital Management LLC increased its position in Utz Brands by 1.9% during the 4th quarter. Copeland Capital Management LLC now owns 3,117,478 shares of the company’s stock worth $48,820,000 after purchasing an additional 59,429 shares in the last quarter. Finally, Newton One Investments LLC acquired a new stake in Utz Brands during the 4th quarter worth approximately $26,000. Institutional investors and hedge funds own 95.97% of the company’s stock.

Utz Brands Stock Performance

Shares of Utz Brands stock opened at $13.27 on Friday. The firm’s fifty day simple moving average is $13.09 and its 200-day simple moving average is $14.24. The stock has a market capitalization of $1.88 billion, a price-to-earnings ratio of 73.72, a PEG ratio of 0.86 and a beta of 1.20. Utz Brands has a 12 month low of $11.53 and a 12 month high of $18.89. The company has a debt-to-equity ratio of 0.56, a current ratio of 1.21 and a quick ratio of 0.85.

Utz Brands (NYSE:UTZ) last posted its quarterly earnings data on Thursday, May 1st. The company reported $0.16 earnings per share for the quarter, meeting analysts’ consensus estimates of $0.16. Utz Brands had a net margin of 1.13% and a return on equity of 7.92%. The firm had revenue of $352.08 million for the quarter, compared to analyst estimates of $345.44 million. During the same period last year, the firm posted $0.14 EPS. Utz Brands’s quarterly revenue was up 1.6% on a year-over-year basis. As a group, equities analysts forecast that Utz Brands will post 0.85 earnings per share for the current year.

Utz Brands Cuts Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, April 24th. Stockholders of record on Monday, April 7th were paid a dividend of $0.011 per share. This represents a $0.04 dividend on an annualized basis and a dividend yield of 0.33%. The ex-dividend date was Monday, April 7th. Utz Brands’s dividend payout ratio is currently 75.00%.

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.