Utz Brands, Inc. (NYSE:UTZ) Receives $19.25 Average Target Price from Brokerages

Shares of Utz Brands, Inc. (NYSE:UTZ) have received an average recommendation of “Moderate Buy” from the eight brokerages that are currently covering the firm, Marketbeat reports. One analyst has rated the stock with a hold rating and seven have assigned a buy rating to the company. The average 1-year target price among brokers that have covered the stock in the last year is $19.25.

Several research analysts have recently commented on the company. TD Cowen decreased their price objective on Utz Brands from $21.00 to $17.00 and set a “buy” rating on the stock in a report on Wednesday, January 8th. 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 research note on Thursday, January 16th. DA Davidson lowered their price objective on Utz Brands from $18.00 to $16.00 and set a “neutral” rating for the company in a research report on Monday, February 24th. Mizuho cut their target price on shares of Utz Brands from $21.00 to $19.00 and set an “outperform” rating on the stock in a report on Monday, February 10th. Finally, Royal Bank of Canada decreased their target price on shares of Utz Brands from $23.00 to $20.00 and set an “outperform” rating on the stock in a research note on Monday, February 24th.

Insider Buying and Selling at Utz Brands

In other Utz Brands news, insider Cc Collier Holdings, Llc sold 496,038 shares of the firm’s stock in a transaction on Thursday, March 6th. The stock was sold at an average price of $13.40, for a total transaction of $6,646,909.20. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CEO Howard A. Friedman bought 3,525 shares of Utz Brands stock in a transaction dated 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 transaction, the chief executive officer now directly owns 265,729 shares in the company, valued at approximately $3,762,722.64. This trade represents a 1.34 % increase in their ownership of the stock. The disclosure for this purchase can be found here. Insiders own 16.32% of the company’s stock.

Institutional Inflows and Outflows

A number of large investors have recently bought and sold shares of the business. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its stake in shares of Utz Brands by 4.6% during the fourth quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 143,728 shares of the company’s stock valued at $2,251,000 after purchasing an additional 6,268 shares in the last quarter. Two Sigma Investments LP purchased a new stake in shares of Utz Brands in the 4th quarter worth approximately $512,000. Snowden Capital Advisors LLC increased its position in Utz Brands by 6.9% during the 4th quarter. Snowden Capital Advisors LLC now owns 35,318 shares of the company’s stock valued at $555,000 after buying an additional 2,282 shares in the last quarter. ProShare Advisors LLC increased its position in Utz Brands by 51.1% during the 4th quarter. ProShare Advisors LLC now owns 18,569 shares of the company’s stock valued at $291,000 after buying an additional 6,279 shares in the last quarter. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its stake in Utz Brands by 4.5% during the fourth quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 37,280 shares of the company’s stock valued at $584,000 after buying an additional 1,596 shares during the last quarter. 95.97% of the stock is owned by hedge funds and other institutional investors.

Utz Brands Stock Performance

Shares of NYSE UTZ opened at $14.12 on Friday. The stock’s 50-day moving average is $13.70 and its 200 day moving average is $15.46. The stock has a market cap of $2.00 billion, a price-to-earnings ratio of 78.42, a P/E/G ratio of 0.86 and a beta of 1.10. Utz Brands has a 1-year low of $12.71 and a 1-year high of $20.04. 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 (NYSE:UTZ) last announced its quarterly earnings data on Thursday, February 20th. The company reported $0.22 earnings per share for the quarter, topping analysts’ consensus estimates of $0.19 by $0.03. Utz Brands had a net margin of 1.13% and a return on equity of 7.92%. The firm had revenue of $341.05 million during the quarter, compared to analyst estimates of $349.93 million. During the same period in the previous year, the business posted $0.16 EPS. On average, sell-side analysts anticipate that Utz Brands will post 0.85 EPS for the current fiscal year.

Utz Brands Cuts Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, April 24th. Investors of record on Monday, April 7th will be paid a $0.011 dividend. This represents a $0.04 dividend on an annualized basis and a yield of 0.31%. The ex-dividend date is Monday, April 7th. Utz Brands’s payout ratio is 133.33%.

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.