Utz Brands (NYSE:UTZ) Price Target Lowered to $19.00 at Mizuho

Utz Brands (NYSE:UTZ) had its target price reduced by Mizuho from $21.00 to $19.00 in a research report report published on Monday morning,Benzinga reports. They currently have an outperform rating on the stock.

A number of other research firms also recently issued reports on UTZ. TD Cowen decreased their target price on shares of Utz Brands from $21.00 to $17.00 and set a “buy” rating for the company in a research report on Wednesday, January 8th. Piper Sandler decreased their price objective on Utz Brands from $24.00 to $20.00 and set an “overweight” rating for the company in a report on Thursday, January 16th. Finally, Barclays lowered their target price on Utz Brands from $19.00 to $17.00 and set an “overweight” rating on the stock in a research note on Friday, January 17th. Two investment analysts have rated the stock with a hold rating and eight have issued a buy rating to the company’s stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $20.00.

Utz Brands Stock Performance

UTZ opened at $13.68 on Monday. The company has a current ratio of 1.21, a quick ratio of 0.85 and a debt-to-equity ratio of 0.56. Utz Brands has a 12-month low of $12.71 and a 12-month high of $20.04. The firm has a 50 day moving average of $15.07 and a two-hundred day moving average of $16.33. The firm has a market capitalization of $1.93 billion, a PE ratio of -71.97, a P/E/G ratio of 0.87 and a beta of 1.01.

Utz Brands Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, January 2nd. Stockholders of record on Monday, December 16th were paid a dividend of $0.061 per share. This represents a $0.24 annualized dividend and a dividend yield of 1.78%. This is an increase from Utz Brands’s previous quarterly dividend of $0.06. The ex-dividend date was Monday, December 16th. Utz Brands’s dividend payout ratio is presently -126.32%.

Institutional Investors Weigh In On Utz Brands

A number of institutional investors have recently added to or reduced their stakes in UTZ. Newton One Investments LLC purchased a new position in Utz Brands during the fourth quarter valued at $26,000. Venturi Wealth Management LLC acquired a new stake in shares of Utz Brands in the fourth quarter valued at about $54,000. nVerses Capital LLC acquired a new position in Utz Brands during the third quarter worth about $142,000. Moody National Bank Trust Division purchased a new stake in Utz Brands during the 4th quarter valued at about $169,000. Finally, M&T Bank Corp raised its holdings in Utz Brands by 18.9% in the 4th quarter. M&T Bank Corp now owns 12,678 shares of the company’s stock valued at $198,000 after acquiring an additional 2,011 shares during the last quarter. Institutional investors and hedge funds own 95.97% of the company’s stock.

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.