Utz Brands, Inc. (NYSE:UTZ) Announces Quarterly Dividend of $0.05

Utz Brands, Inc. (NYSE:UTZ) announced a quarterly dividend on Thursday, September 9th, Zacks reports. Investors of record on Monday, September 20th will be given a dividend of 0.05 per share on Monday, October 11th. This represents a $0.20 dividend on an annualized basis and a yield of 1.08%. The ex-dividend date of this dividend is Friday, September 17th.

UTZ opened at $18.45 on Wednesday. The firm has a 50 day moving average price of $20.78 and a 200 day moving average price of $23.42. Utz Brands has a 1 year low of $16.60 and a 1 year high of $30.09. The company has a debt-to-equity ratio of 0.55, a current ratio of 1.71 and a quick ratio of 1.26.

Utz Brands (NYSE:UTZ) last issued its quarterly earnings data on Wednesday, August 11th. The company reported $0.13 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.14 by ($0.01). Utz Brands had a negative net margin of 1.68% and a positive return on equity of 3.55%. As a group, analysts forecast that Utz Brands will post 0.6 earnings per share for the current fiscal year.

Several brokerages have issued reports on UTZ. Stephens lowered their price objective on shares of Utz Brands from $27.00 to $23.00 and set an “overweight” rating for the company in a research report on Friday, August 13th. Zacks Investment Research downgraded shares of Utz Brands from a “hold” rating to a “sell” rating in a research report on Wednesday, June 30th. Finally, The Goldman Sachs Group lowered their price objective on shares of Utz Brands from $25.00 to $20.50 and set a “neutral” rating for the company in a research report on Tuesday, August 24th. One equities research analyst has rated the stock with a sell rating, four have issued a hold rating and seven have issued a buy rating to the company. Based on data from MarketBeat.com, the company has an average rating of “Buy” and an average target price of $25.96.

In related news, Director John W. Altmeyer purchased 5,000 shares of the firm’s stock in a transaction dated Monday, August 16th. The stock was acquired at an average price of $18.67 per share, with a total value of $93,350.00. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 17.32% of the stock is currently owned by company insiders.

Utz Brands Company Profile

UTZ Brands, Inc manufactures, markets, and distributes branded snacking products. It offers a broad range of salty snacks, including potato chips, pretzels, cheese snacks, veggie snacks, pork skins and other snacks. The firm’s brands include Utz, Zapp’s, Golden Flake, Good Health, Boulder Canyon and Hawaiian.

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Dividend History for Utz Brands (NYSE:UTZ)

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