Utz Brands, Inc. (NYSE:UTZ) Insider Sells $6,646,909.20 in Stock

Utz Brands, Inc. (NYSE:UTZ) insider Cc Collier Holdings, Llc sold 496,038 shares of the company’s stock in a transaction on Thursday, March 6th. The shares were sold at an average price of $13.40, for a total value of $6,646,909.20. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website.

Utz Brands Trading Up 1.8 %

Shares of UTZ opened at $14.03 on Friday. The company has a quick ratio of 0.85, a current ratio of 1.21 and a debt-to-equity ratio of 0.56. Utz Brands, Inc. has a 12-month low of $12.71 and a 12-month high of $20.04. The firm has a market capitalization of $1.98 billion, a PE ratio of 77.92, a price-to-earnings-growth ratio of 0.86 and a beta of 1.05. The stock’s fifty day simple moving average is $13.90 and its 200-day simple moving average is $15.98.

Utz Brands (NYSE:UTZ) last issued its quarterly earnings results on Thursday, February 20th. The company reported $0.22 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.19 by $0.03. Utz Brands had a return on equity of 7.92% and a net margin of 1.13%. The business had revenue of $341.05 million for the quarter, compared to analyst estimates of $349.93 million. During the same quarter in the prior year, the firm posted $0.16 earnings per share. As a group, research analysts predict that Utz Brands, Inc. will post 0.85 earnings per share for the current year.

Analyst Ratings Changes

A number of brokerages have weighed in on UTZ. Piper Sandler lowered their price target on Utz Brands from $24.00 to $20.00 and set an “overweight” rating on the stock in a research report on Thursday, January 16th. Mizuho decreased their target price on Utz Brands from $21.00 to $19.00 and set an “outperform” rating on the stock in a report on Monday, February 10th. Royal Bank of Canada decreased their target price on Utz Brands from $23.00 to $20.00 and set an “outperform” rating on the stock in a report on Monday, February 24th. Barclays decreased their target price on Utz Brands from $19.00 to $17.00 and set an “overweight” rating on the stock in a report on Friday, January 17th. Finally, DA Davidson decreased their target price on Utz Brands from $18.00 to $16.00 and set a “neutral” rating on the stock in a report on Monday, February 24th. One equities research analyst has rated the stock with a hold rating and eight have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, Utz Brands currently has a consensus rating of “Moderate Buy” and an average target price of $19.56.

Hedge Funds Weigh In On Utz Brands

Several hedge funds have recently added to or reduced their stakes in the stock. JPMorgan Chase & Co. raised its position in shares of Utz Brands by 14.9% during the fourth quarter. JPMorgan Chase & Co. now owns 7,923,292 shares of the company’s stock worth $124,079,000 after purchasing an additional 1,025,656 shares during the period. Champlain Investment Partners LLC raised its position in shares of Utz Brands by 13.5% during the fourth quarter. Champlain Investment Partners LLC now owns 5,208,402 shares of the company’s stock worth $81,564,000 after purchasing an additional 620,196 shares during the period. Ameriprise Financial Inc. raised its position in shares of Utz Brands by 20.5% during the fourth quarter. Ameriprise Financial Inc. now owns 4,110,873 shares of the company’s stock worth $64,376,000 after purchasing an additional 698,589 shares during the period. Copeland Capital Management LLC raised its position in shares of Utz Brands by 1.9% during the fourth 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 during the period. Finally, State Street Corp raised its position in shares of Utz Brands by 9.5% during the third quarter. State Street Corp now owns 1,758,961 shares of the company’s stock worth $31,256,000 after purchasing an additional 152,868 shares during the period. 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.