GSA Capital Partners LLP Purchases 82,935 Shares of Utz Brands, Inc. (NYSE:UTZ)

GSA Capital Partners LLP increased its position in Utz Brands, Inc. (NYSE:UTZ) by 100.0% in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 165,896 shares of the company’s stock after purchasing an additional 82,935 shares during the quarter. GSA Capital Partners LLP’s holdings in Utz Brands were worth $2,936,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently bought and sold shares of UTZ. Picton Mahoney Asset Management bought a new position in Utz Brands in the second quarter worth $5,422,000. Victory Capital Management Inc. lifted its position in Utz Brands by 22.0% in the second quarter. Victory Capital Management Inc. now owns 1,238,425 shares of the company’s stock worth $20,607,000 after purchasing an additional 223,462 shares during the period. Mercer Global Advisors Inc. ADV bought a new position in Utz Brands in the second quarter worth $1,981,000. Bahl & Gaynor Inc. lifted its position in Utz Brands by 45.1% in the second quarter. Bahl & Gaynor Inc. now owns 239,961 shares of the company’s stock worth $3,993,000 after purchasing an additional 74,633 shares during the period. Finally, Principal Financial Group Inc. bought a new position in Utz Brands in the second quarter worth $914,000. 95.97% of the stock is owned by institutional investors.

Utz Brands Stock Performance

Shares of NYSE:UTZ opened at $17.41 on Tuesday. Utz Brands, Inc. has a twelve month low of $12.13 and a twelve month high of $20.04. The firm has a market cap of $2.45 billion, a PE ratio of -91.63, a price-to-earnings-growth ratio of 1.20 and a beta of 1.01. The company has a debt-to-equity ratio of 0.56, a quick ratio of 0.85 and a current ratio of 1.21. The business has a fifty day moving average of $17.37 and a 200-day moving average of $17.21.

Utz Brands (NYSE:UTZ) last announced its earnings results on Thursday, October 31st. The company reported $0.21 earnings per share for the quarter, beating analysts’ consensus estimates of $0.20 by $0.01. Utz Brands had a positive return on equity of 7.25% and a negative net margin of 0.99%. The company had revenue of $365.50 million during the quarter, compared to analyst estimates of $363.98 million. During the same period last year, the company posted $0.17 earnings per share. The firm’s quarterly revenue was down 1.7% compared to the same quarter last year. On average, equities research analysts predict that Utz Brands, Inc. will post 0.73 EPS for the current fiscal year.

Utz Brands Announces Dividend

The company also recently disclosed a None dividend, which was paid on Thursday, October 3rd. Investors of record on Monday, September 16th were given a $0.011 dividend. The ex-dividend date of this dividend was Monday, September 16th. This represents a yield of 1.3%. Utz Brands’s payout ratio is -126.32%.

Insider Buying and Selling

In related news, EVP Cary Devore sold 30,000 shares of Utz Brands stock in a transaction dated Monday, November 4th. The stock was sold at an average price of $17.32, for a total value of $519,600.00. Following the completion of the sale, the executive vice president now directly owns 451,117 shares in the company, valued at $7,813,346.44. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. In related news, insider Cc Collier Holdings, Llc sold 2,815,404 shares of Utz Brands stock in a transaction dated Wednesday, November 6th. The stock was sold at an average price of $17.29, for a total value of $48,678,335.16. Following the completion of the sale, the insider now directly owns 496,038 shares in the company, valued at $8,576,497.02. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP Cary Devore sold 30,000 shares of Utz Brands stock in a transaction dated Monday, November 4th. The stock was sold at an average price of $17.32, for a total value of $519,600.00. Following the completion of the sale, the executive vice president now owns 451,117 shares of the company’s stock, valued at approximately $7,813,346.44. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Corporate insiders own 17.00% of the company’s stock.

Analyst Ratings Changes

A number of brokerages have issued reports on UTZ. Mizuho cut their price objective on Utz Brands from $24.00 to $21.00 and set an “outperform” rating for the company in a report on Monday, November 4th. Piper Sandler lifted their price objective on Utz Brands from $22.00 to $24.00 and gave the company an “overweight” rating in a report on Friday, November 1st. Barclays cut their price objective on Utz Brands from $23.00 to $19.00 and set an “overweight” rating for the company in a report on Friday, July 19th. Finally, Needham & Company LLC reissued a “buy” rating and set a $22.00 price objective on shares of Utz Brands in a report on Friday, August 2nd. Two analysts have rated the stock with a hold rating and seven have given a buy rating to the company’s stock. According to MarketBeat.com, Utz Brands presently has an average rating of “Moderate Buy” and an average price target of $21.22.

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.