Brokerages Set Utz Brands, Inc. (NYSE:UTZ) PT at $19.56

Utz Brands, Inc. (NYSE:UTZ) has earned a consensus recommendation of “Moderate Buy” from the nine brokerages that are presently covering the firm, MarketBeat reports. One investment analyst has rated the stock with a hold recommendation and eight have assigned a buy recommendation to the company. The average 1-year target price among brokers that have issued a report on the stock in the last year is $19.56.

A number of research firms have commented on UTZ. Barclays reduced their target price on Utz Brands from $19.00 to $17.00 and set an “overweight” rating for the company in a report on Friday, January 17th. Mizuho decreased their price target on shares of Utz Brands from $21.00 to $19.00 and set an “outperform” rating on the stock in a research report on Monday, February 10th. DA Davidson cut their price objective on Utz Brands from $18.00 to $16.00 and set a “neutral” rating for the company in a research note on Monday, February 24th. Piper Sandler decreased their price target on Utz Brands from $24.00 to $20.00 and set an “overweight” rating on the stock in a report on Thursday, January 16th. Finally, Royal Bank of Canada dropped their price objective on shares of Utz Brands from $23.00 to $20.00 and set an “outperform” rating for the company in a report on Monday, February 24th.

Insider Buying and Selling

In other news, insider Cc Collier Holdings, Llc sold 496,038 shares of the business’s stock in a transaction on Thursday, March 6th. The stock was sold at an average price of $13.40, for a total value of $6,646,909.20. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Howard A. Friedman purchased 3,525 shares of the firm’s stock in a transaction on Monday, February 24th. The stock was acquired at an average cost of $14.16 per share, for a total transaction of $49,914.00. Following the completion of the purchase, the chief executive officer now owns 265,729 shares in the company, valued at $3,762,722.64. The trade was a 1.34 % increase in their position. The disclosure for this purchase can be found here. 17.00% of the stock is currently owned by company insiders.

Institutional Trading of Utz Brands

Several institutional investors have recently added to or reduced their stakes in the stock. JPMorgan Chase & Co. increased its stake 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 valued at $124,079,000 after acquiring an additional 1,025,656 shares during the period. Champlain Investment Partners LLC boosted its holdings in Utz Brands by 13.5% in 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 in the last quarter. Ameriprise Financial Inc. boosted its position in 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 lifted its position in Utz Brands by 1.9% during the 4th quarter. Copeland Capital Management LLC now owns 3,117,478 shares of the company’s stock worth $48,820,000 after acquiring an additional 59,429 shares during the last quarter. Finally, State Street Corp raised its stake in Utz Brands by 9.5% during the 3rd quarter. State Street Corp now owns 1,758,961 shares of the company’s stock valued at $31,256,000 after purchasing an additional 152,868 shares during the last quarter. 95.97% of the stock is owned by institutional investors and hedge funds.

Utz Brands Price Performance

Shares of NYSE:UTZ opened at $13.64 on Monday. The company has a 50-day moving average price of $13.79 and a two-hundred day moving average price of $15.91. 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 has a twelve month low of $12.71 and a twelve month high of $20.04. The firm has a market capitalization of $1.93 billion, a PE ratio of 75.75, a P/E/G ratio of 0.86 and a beta of 1.05.

Utz Brands (NYSE:UTZ) last announced its quarterly earnings results on Thursday, February 20th. The company reported $0.22 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.19 by $0.03. The business had revenue of $341.05 million for the quarter, compared to analyst estimates of $349.93 million. Utz Brands had a net margin of 1.13% and a return on equity of 7.92%. During the same quarter last year, the firm earned $0.16 EPS. Equities analysts forecast that Utz Brands will post 0.85 EPS for the current year.

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.