Creative Planning Cuts Stock Position in Utz Brands, Inc. (NYSE:UTZ)

Creative Planning cut its holdings in Utz Brands, Inc. (NYSE:UTZ) by 21.3% in the third quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 29,236 shares of the company’s stock after selling 7,919 shares during the quarter. Creative Planning’s holdings in Utz Brands were worth $517,000 at the end of the most recent quarter.

A number of other institutional investors also recently bought and sold shares of the stock. Comerica Bank lifted its position in Utz Brands by 5.4% in the first quarter. Comerica Bank now owns 16,491 shares of the company’s stock worth $304,000 after buying an additional 848 shares during the last quarter. ProShare Advisors LLC lifted its position in Utz Brands by 8.5% in the first quarter. ProShare Advisors LLC now owns 12,944 shares of the company’s stock worth $239,000 after buying an additional 1,017 shares during the last quarter. Envestnet Portfolio Solutions Inc. lifted its position in Utz Brands by 11.6% in the second quarter. Envestnet Portfolio Solutions Inc. now owns 11,838 shares of the company’s stock worth $197,000 after buying an additional 1,228 shares during the last quarter. Diversified Trust Co lifted its position in Utz Brands by 4.5% in the second quarter. Diversified Trust Co now owns 44,870 shares of the company’s stock worth $747,000 after buying an additional 1,925 shares during the last quarter. Finally, Price T Rowe Associates Inc. MD lifted its position in Utz Brands by 4.6% in the first quarter. Price T Rowe Associates Inc. MD now owns 57,879 shares of the company’s stock worth $1,068,000 after buying an additional 2,540 shares during the last quarter. 95.97% of the stock is currently owned by institutional investors.

Insider Buying and Selling at Utz Brands

In other Utz Brands news, EVP Cary Devore sold 30,000 shares of Utz Brands stock in a transaction dated Monday, November 4th. The stock was sold at an average price of $17.32, for a total value of $519,600.00. Following the transaction, the executive vice president now owns 451,117 shares in the company, valued at $7,813,346.44. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. 17.00% of the stock is owned by insiders.

Wall Street Analyst Weigh In

A number of analysts recently issued reports on the company. Piper Sandler raised their price target on Utz Brands from $22.00 to $24.00 and gave the stock an “overweight” rating in a research report on Friday, November 1st. Mizuho decreased their target price on Utz Brands from $24.00 to $21.00 and set an “outperform” rating for the company in a research report on Monday. Needham & Company LLC reiterated a “buy” rating and set a $22.00 target price on shares of Utz Brands in a research report on Friday, August 2nd. Finally, Barclays decreased their target price on Utz Brands from $23.00 to $19.00 and set an “overweight” rating for the company in a research report on Friday, July 19th. Three research analysts have rated the stock with a hold rating and seven have issued a buy rating to the company. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $20.80.

Utz Brands Stock Performance

UTZ stock opened at $17.23 on Wednesday. The company has a debt-to-equity ratio of 0.56, a current ratio of 1.21 and a quick ratio of 0.85. The business has a 50-day moving average price of $17.31 and a 200 day moving average price of $17.24. The company has a market capitalization of $2.43 billion, a P/E ratio of -90.68, a PEG ratio of 1.19 and a beta of 1.01. Utz Brands, Inc. has a 1-year low of $11.67 and a 1-year high of $20.04.

Utz Brands (NYSE:UTZ) last released its quarterly earnings data on Thursday, October 31st. The company reported $0.21 earnings per share for the quarter, beating the consensus estimate of $0.20 by $0.01. The firm had revenue of $365.50 million during the quarter, compared to the consensus estimate of $363.98 million. Utz Brands had a positive return on equity of 7.25% and a negative net margin of 0.99%. The firm’s quarterly revenue was down 1.7% on a year-over-year basis. During the same period in the previous year, the company posted $0.17 earnings per share. As a group, equities research analysts forecast that Utz Brands, Inc. will post 0.74 EPS for the current fiscal year.

Utz Brands Dividend Announcement

The business also recently announced a None dividend, which was paid on Thursday, October 3rd. Shareholders of record on Monday, September 16th were paid a $0.011 dividend. The ex-dividend date was Monday, September 16th. This represents a yield of 1.3%. Utz Brands’s dividend payout ratio (DPR) is presently -126.32%.

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.