Utz Brands, Inc. (NYSE:UTZ) Shares Acquired by SG Americas Securities LLC

SG Americas Securities LLC increased its position in shares of Utz Brands, Inc. (NYSE:UTZ) by 279.2% in the 3rd quarter, according to the company in its most recent disclosure with the SEC. The fund owned 23,510 shares of the company’s stock after purchasing an additional 17,310 shares during the quarter. SG Americas Securities LLC’s holdings in Utz Brands were worth $416,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the company. Truist Financial Corp raised its holdings in Utz Brands by 20.8% during the second quarter. Truist Financial Corp now owns 24,209 shares of the company’s stock worth $403,000 after purchasing an additional 4,176 shares during the last quarter. Kimelman & Baird LLC acquired a new position in Utz Brands during the second quarter worth $907,000. Creative Planning raised its holdings in Utz Brands by 8.2% during the second quarter. Creative Planning now owns 37,155 shares of the company’s stock worth $618,000 after purchasing an additional 2,802 shares during the last quarter. Dark Forest Capital Management LP acquired a new position in Utz Brands during the second quarter worth $379,000. Finally, Deerfield Management Company L.P. Series C acquired a new position in Utz Brands during the second quarter worth $667,000. 95.97% of the stock is owned by institutional investors and hedge funds.

Insider Activity

In other Utz Brands news, Director Bruce John Lindeman acquired 4,000 shares of the stock in a transaction dated Monday, August 5th. The stock was acquired at an average price of $16.11 per share, with a total value of $64,440.00. Following the completion of the transaction, the director now directly owns 42,480 shares in the company, valued at approximately $684,352.80. This trade represents a 0.00 % increase in their ownership of the stock. The purchase was disclosed in a document filed with the SEC, which is available at the SEC website. Company insiders own 17.00% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities analysts recently issued reports on UTZ shares. Piper Sandler reaffirmed an “overweight” rating and set a $22.00 price objective on shares of Utz Brands in a report on Wednesday, August 21st. Barclays reduced their price objective on Utz Brands from $23.00 to $19.00 and set an “overweight” rating for the company in a report on Friday, July 19th. Finally, Needham & Company LLC reissued a “buy” rating and set a $22.00 price target on shares of Utz Brands in a research report on Friday, August 2nd. Three analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company’s stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $20.36.

Utz Brands Price Performance

Shares of NYSE:UTZ opened at $17.64 on Friday. The company has a market cap of $2.48 billion, a P/E ratio of -70.56, a P/E/G ratio of 1.14 and a beta of 1.01. The company has a quick ratio of 1.21, a current ratio of 1.69 and a debt-to-equity ratio of 0.57. Utz Brands, Inc. has a 52 week low of $11.50 and a 52 week high of $20.04. The business has a fifty day simple moving average of $17.33 and a 200-day simple moving average of $17.30.

Utz Brands (NYSE:UTZ) last announced its quarterly earnings data on Thursday, August 1st. The company reported $0.19 EPS for the quarter, beating analysts’ consensus estimates of $0.16 by $0.03. The business had revenue of $356.20 million during the quarter, compared to the consensus estimate of $356.23 million. Utz Brands had a return on equity of 6.79% and a net margin of 0.29%. The business’s revenue for the quarter was down 1.8% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.13 earnings per share. Equities research analysts forecast that Utz Brands, Inc. will post 0.74 EPS for the current year.

Utz Brands Dividend Announcement

The firm also recently disclosed a None dividend, which was paid on Thursday, October 3rd. Stockholders of record on Monday, September 16th were given a $0.011 dividend. This represents a dividend yield of 1.3%. The ex-dividend date was Monday, September 16th. Utz Brands’s dividend payout ratio is currently -92.00%.

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.