Utz Brands, Inc. (NYSE:UTZ) Receives Consensus Rating of “Moderate Buy” from Analysts

Shares of Utz Brands, Inc. (NYSE:UTZ) have received a consensus recommendation of “Moderate Buy” from the twelve brokerages that are currently covering the firm, MarketBeat reports. Three investment analysts have rated the stock with a hold recommendation and nine have issued a buy recommendation on the company. The average 1 year price objective among brokers that have updated their coverage on the stock in the last year is $20.08.

A number of equities research analysts have issued reports on the stock. Stephens boosted their target price on shares of Utz Brands from $21.00 to $23.00 and gave the company an “overweight” rating in a report on Friday, May 3rd. Mizuho upped their target price on shares of Utz Brands from $22.00 to $24.00 and gave the stock a “buy” rating in a report on Friday, May 3rd. Needham & Company LLC restated a “buy” rating and set a $22.00 price target on shares of Utz Brands in a research report on Friday. Royal Bank of Canada lifted their price target on Utz Brands from $19.00 to $23.00 and gave the company an “outperform” rating in a research report on Friday, May 3rd. Finally, Barclays lowered their target price on shares of Utz Brands from $23.00 to $19.00 and set an “overweight” rating on the stock in a research note on Friday, July 19th.

Insider Transactions at Utz Brands

In related news, major shareholder Series U. Of Um Partners, Llc sold 397,885 shares of the stock in a transaction dated Monday, May 6th. The stock was sold at an average price of $18.76, for a total transaction of $7,464,322.60. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. In other news, EVP Mark Schreiber sold 20,103 shares of the stock in a transaction dated Monday, May 6th. The shares were sold at an average price of $19.47, for a total transaction of $391,405.41. Following the completion of the sale, the executive vice president now directly owns 108,126 shares in the company, valued at $2,105,213.22. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, major shareholder Series U. Of Um Partners, Llc sold 397,885 shares of the business’s stock in a transaction dated Monday, May 6th. The shares were sold at an average price of $18.76, for a total value of $7,464,322.60. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 431,151 shares of company stock worth $8,103,702. Company insiders own 17.00% of the company’s stock.

Institutional Investors Weigh In On Utz Brands

A number of large investors have recently made changes to their positions in the business. Fifth Third Bancorp bought a new position in shares of Utz Brands during the second quarter valued at approximately $44,000. SRS Capital Advisors Inc. raised its holdings in Utz Brands by 120.2% in the 4th quarter. SRS Capital Advisors Inc. now owns 3,464 shares of the company’s stock worth $56,000 after purchasing an additional 1,891 shares in the last quarter. Delta Asset Management LLC TN lifted its position in shares of Utz Brands by 100.0% in the 4th quarter. Delta Asset Management LLC TN now owns 5,000 shares of the company’s stock worth $81,000 after purchasing an additional 2,500 shares during the period. International Assets Investment Management LLC boosted its stake in shares of Utz Brands by 1,428.8% during the 4th quarter. International Assets Investment Management LLC now owns 5,473 shares of the company’s stock valued at $89,000 after purchasing an additional 5,115 shares in the last quarter. Finally, SG Americas Securities LLC purchased a new position in shares of Utz Brands during the second quarter valued at about $103,000. 95.97% of the stock is currently owned by institutional investors.

Utz Brands Trading Up 3.1 %

NYSE UTZ opened at $16.25 on Friday. The business’s fifty day moving average is $16.66 and its 200-day moving average is $17.57. The company has a debt-to-equity ratio of 0.54, a current ratio of 1.40 and a quick ratio of 0.95. The stock has a market capitalization of $2.29 billion, a price-to-earnings ratio of -65.00, a PEG ratio of 1.07 and a beta of 1.00. Utz Brands has a one year low of $11.17 and a one year high of $20.04.

Utz Brands (NYSE:UTZ) last released its quarterly earnings data on Thursday, August 1st. The company reported $0.19 EPS for the quarter, beating the consensus estimate of $0.16 by $0.03. The business had revenue of $356.20 million for the quarter, compared to the consensus estimate of $356.23 million. Utz Brands had a net margin of 0.29% and a return on equity of 6.80%. The company’s revenue was down 1.8% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.13 earnings per share. Equities research analysts predict that Utz Brands will post 0.73 EPS for the current year.

Utz Brands Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, July 3rd. Shareholders of record on Monday, June 17th were given a dividend of $0.059 per share. The ex-dividend date of this dividend was Monday, June 17th. This represents a $0.24 annualized dividend and a yield of 1.45%. Utz Brands’s payout ratio is -92.00%.

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.