Utz Brands (NYSE:UTZ) Stock Rating Upgraded by Zacks Research

Utz Brands (NYSE:UTZ) was upgraded by investment analysts at Zacks Research from a “strong sell” rating to a “hold” rating in a report issued on Monday,Zacks.com reports.

A number of other brokerages also recently issued reports on UTZ. TD Cowen decreased their price target on Utz Brands from $11.00 to $9.00 and set a “hold” rating for the company in a report on Monday. Royal Bank Of Canada set a $15.00 price target on Utz Brands in a report on Thursday, April 9th. Mizuho set a $14.00 target price on Utz Brands in a research report on Monday, February 23rd. Weiss Ratings reiterated a “sell (d)” rating on shares of Utz Brands in a research report on Friday, March 27th. Finally, Barclays cut their target price on Utz Brands from $12.00 to $10.00 and set an “overweight” rating on the stock in a research report on Tuesday, April 14th. Five equities research analysts have rated the stock with a Buy rating, three have given a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat.com, the stock has a consensus rating of “Hold” and an average price target of $12.06.

Utz Brands Stock Down 1.0%

Shares of NYSE UTZ opened at $7.55 on Monday. The company has a market capitalization of $1.08 billion, a price-to-earnings ratio of 755.26, a price-to-earnings-growth ratio of 2.80 and a beta of 0.98. The company has a debt-to-equity ratio of 0.62, a current ratio of 1.19 and a quick ratio of 0.82. The business has a 50-day moving average of $8.22 and a two-hundred day moving average of $9.75. Utz Brands has a 1 year low of $7.11 and a 1 year high of $14.67.

Utz Brands (NYSE:UTZ) last announced its quarterly earnings results on Thursday, February 12th. The company reported $0.26 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $0.26. The company had revenue of $342.20 million during the quarter, compared to the consensus estimate of $346.99 million. Utz Brands had a return on equity of 8.57% and a net margin of 0.06%.Utz Brands’s revenue for the quarter was up .4% on a year-over-year basis. During the same period in the previous year, the business earned $0.22 EPS. Utz Brands has set its FY 2026 guidance at 0.771-0.795 EPS. On average, analysts forecast that Utz Brands will post 0.77 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Utz Brands

Institutional investors have recently added to or reduced their stakes in the stock. Tributary Capital Management LLC increased its position in Utz Brands by 93.2% in the 3rd quarter. Tributary Capital Management LLC now owns 1,688,976 shares of the company’s stock valued at $20,521,000 after acquiring an additional 814,555 shares during the period. Universal Beteiligungs und Servicegesellschaft mbH boosted its holdings in Utz Brands by 560.6% in the 3rd quarter. Universal Beteiligungs und Servicegesellschaft mbH now owns 112,811 shares of the company’s stock valued at $1,371,000 after purchasing an additional 95,733 shares in the last quarter. Diamond Hill Capital Management Inc. boosted its holdings in Utz Brands by 42.2% in the 3rd quarter. Diamond Hill Capital Management Inc. now owns 327,853 shares of the company’s stock valued at $3,983,000 after purchasing an additional 97,271 shares in the last quarter. Copeland Capital Management LLC boosted its holdings in Utz Brands by 10.8% in the 3rd quarter. Copeland Capital Management LLC now owns 3,131,099 shares of the company’s stock valued at $38,043,000 after purchasing an additional 304,163 shares in the last quarter. Finally, Savoir Faire Capital Management L.P. purchased a new stake in Utz Brands in the 3rd quarter valued at approximately $3,274,000. Institutional investors and hedge funds own 95.97% of the company’s stock.

Utz Brands Company Profile

Utz Brands, Inc is a leading U.S. manufacturer and distributor of salty snack foods, offering a wide range of products including potato chips, pretzels, cheese snacks, popcorn and tortilla chips. Headquartered in Hanover, Pennsylvania, the company markets its snacks under several well-known brands and serves grocery, mass merchandise, club, convenience and online retailers throughout the United States.

Founded in 1921 by Bill and Salie Utz as a small country store operation, the business expanded gradually through direct delivery to local customers and sales to regional grocers.