Chad Whyte Sells 4,000 Shares of Utz Brands, Inc. (NYSE:UTZ) Stock

Utz Brands, Inc. (NYSE:UTZGet Rating) EVP Chad Whyte sold 4,000 shares of the company’s stock in a transaction on Monday, November 21st. The shares were sold at an average price of $18.22, for a total transaction of $72,880.00. Following the completion of the transaction, the executive vice president now owns 4,319 shares of the company’s stock, valued at $78,692.18. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website.

Utz Brands Trading Down 1.7 %

Shares of NYSE UTZ opened at $18.05 on Thursday. The company has a debt-to-equity ratio of 0.62, a current ratio of 1.68 and a quick ratio of 1.16. The firm’s 50-day moving average price is $15.86 and its two-hundred day moving average price is $15.36. Utz Brands, Inc. has a 52-week low of $12.06 and a 52-week high of $19.98.

Utz Brands Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, October 6th. Shareholders of record on Monday, September 19th were given a $0.054 dividend. This represents a $0.22 annualized dividend and a yield of 1.20%. The ex-dividend date of this dividend was Friday, September 16th. Utz Brands’s dividend payout ratio is presently -75.86%.

Wall Street Analyst Weigh In

A number of brokerages have commented on UTZ. The Goldman Sachs Group cut their price objective on shares of Utz Brands from $21.00 to $18.00 and set a “neutral” rating on the stock in a report on Monday, October 10th. Credit Suisse Group increased their price target on Utz Brands to $19.00 in a report on Monday, August 15th. Finally, Stephens boosted their target price on shares of Utz Brands from $16.00 to $19.00 and gave the stock an “equal weight” rating in a research report on Friday, August 12th. Five equities research analysts have rated the stock with a hold rating, According to MarketBeat, the stock has an average rating of “Hold” and a consensus target price of $18.75.

Institutional Investors Weigh In On Utz Brands

A number of hedge funds have recently added to or reduced their stakes in UTZ. Advisors Capital Management LLC increased its holdings in shares of Utz Brands by 5.0% in the 3rd quarter. Advisors Capital Management LLC now owns 736,726 shares of the company’s stock worth $12,753,000 after acquiring an additional 34,877 shares during the period. Baird Financial Group Inc. bought a new stake in shares of Utz Brands during the third quarter valued at approximately $284,000. BNP Paribas Arbitrage SNC acquired a new position in shares of Utz Brands during the third quarter worth approximately $525,000. Alliancebernstein L.P. grew its holdings in Utz Brands by 2.6% in the 3rd quarter. Alliancebernstein L.P. now owns 63,300 shares of the company’s stock worth $956,000 after buying an additional 1,600 shares in the last quarter. Finally, State Street Corp grew its holdings in Utz Brands by 3.5% in the 3rd quarter. State Street Corp now owns 1,257,269 shares of the company’s stock worth $19,052,000 after buying an additional 42,387 shares in the last quarter. 45.14% of the stock is currently owned by institutional investors.

Utz Brands Company Profile

(Get Rating)

Utz Brands, Inc operates as a snack food manufacturing company. It offers a range of salty snacks, including potato chips, kettle chips, tortilla chips, pretzels, cheese snacks, veggie snacks, pork skins, pub/party mixes, salsa and queso, ready-to-eat popcorn, and other snacks under the Utz, Zapp's, ON THE BORDER, Golden Flake, Good Health, Boulder Canyon, Hawaiian, TGIF, TORTIYAHS!, and other brand names.

Further Reading

Insider Buying and Selling by Quarter for Utz Brands (NYSE:UTZ)

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