Utz Brands, Inc. (NYSE:UTZ) EVP Sells $391,405.41 in Stock

Utz Brands, Inc. (NYSE:UTZ) EVP Mark Schreiber sold 20,103 shares of the business’s stock in a transaction that occurred on Monday, May 6th. The stock was sold at an average price of $19.47, for a total value of $391,405.41. Following the transaction, the executive vice president now directly owns 108,126 shares in the company, valued at approximately $2,105,213.22. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink.

Utz Brands Stock Down 2.2 %

Shares of UTZ opened at $18.55 on Thursday. The company has a market capitalization of $2.61 billion, a PE ratio of -74.18, a PEG ratio of 1.32 and a beta of 0.97. Utz Brands, Inc. has a 12 month low of $11.17 and a 12 month high of $20.04. The stock’s 50-day moving average price is $18.03 and its two-hundred day moving average price is $16.33. The company has a current ratio of 1.40, a quick ratio of 0.95 and a debt-to-equity ratio of 0.54.

Utz Brands (NYSE:UTZ) last announced its earnings results on Thursday, May 2nd. The company reported $0.14 EPS for the quarter, topping the consensus estimate of $0.13 by $0.01. The firm had revenue of $346.50 million for the quarter, compared to the consensus estimate of $346.99 million. Utz Brands had a positive return on equity of 6.16% and a negative net margin of 1.38%. The business’s quarterly revenue was down 1.4% compared to the same quarter last year. During the same period in the previous year, the business earned $0.11 EPS. On average, analysts anticipate that Utz Brands, Inc. will post 0.72 EPS for the current year.

Utz Brands Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, May 2nd. Stockholders of record on Monday, April 15th were given a $0.059 dividend. The ex-dividend date was Friday, April 12th. This is a positive change from Utz Brands’s previous quarterly dividend of $0.06. This represents a $0.24 annualized dividend and a dividend yield of 1.27%. Utz Brands’s dividend payout ratio (DPR) is -96.00%.

Institutional Trading of Utz Brands

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Pathstone Family Office LLC increased its position in Utz Brands by 0.3% in the 3rd quarter. Pathstone Family Office LLC now owns 300,466 shares of the company’s stock valued at $4,035,000 after buying an additional 888 shares in the last quarter. ProShare Advisors LLC increased its position in Utz Brands by 8.5% in the 1st quarter. ProShare Advisors LLC now owns 12,944 shares of the company’s stock valued at $239,000 after buying an additional 1,017 shares in the last quarter. Parallel Advisors LLC increased its position in Utz Brands by 11.6% in the 4th quarter. Parallel Advisors LLC now owns 9,924 shares of the company’s stock valued at $161,000 after buying an additional 1,033 shares in the last quarter. First Bank & Trust increased its position in Utz Brands by 8.7% in the 4th quarter. First Bank & Trust now owns 13,536 shares of the company’s stock valued at $220,000 after buying an additional 1,083 shares in the last quarter. Finally, Personal CFO Solutions LLC increased its position in Utz Brands by 6.7% in the 3rd quarter. Personal CFO Solutions LLC now owns 18,908 shares of the company’s stock valued at $254,000 after buying an additional 1,187 shares in the last quarter. 95.97% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

Several research firms have weighed in on UTZ. Stephens boosted their price target on Utz Brands from $21.00 to $23.00 and gave the stock an “overweight” rating in a research report on Friday, May 3rd. DA Davidson began coverage on Utz Brands in a research report on Friday, March 1st. They set a “neutral” rating and a $20.00 price target on the stock. Needham & Company LLC boosted their price target on Utz Brands from $20.50 to $22.00 and gave the stock a “buy” rating in a research report on Friday, May 3rd. Bank of America upgraded Utz Brands from a “neutral” rating to a “buy” rating and lifted their target price for the stock from $19.00 to $22.00 in a research note on Thursday, March 14th. Finally, Royal Bank of Canada lifted their target price on Utz Brands from $19.00 to $23.00 and gave the stock an “outperform” rating in a research note on Friday, May 3rd. Three equities research analysts have rated the stock with a hold rating and nine have issued a buy rating to the company’s stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $20.42.

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.