Utz Brands, Inc. (NYSE:UTZ) Insider Cc Collier Holdings, Llc Sells 496,038 Shares

Utz Brands, Inc. (NYSE:UTZ - Get Free Report) insider Cc Collier Holdings, Llc sold 496,038 shares of the company's stock in a transaction on Thursday, March 6th. The shares were sold at an average price of $13.40, for a total transaction of $6,646,909.20. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link.

Utz Brands Price Performance

NYSE:UTZ traded up $0.25 during mid-day trading on Friday, reaching $14.03. The stock had a trading volume of 3,299,740 shares, compared to its average volume of 1,226,580. The stock has a 50-day simple moving average of $13.90 and a two-hundred day simple moving average of $15.99. The company has a debt-to-equity ratio of 0.56, a current ratio of 1.21 and a quick ratio of 0.85. Utz Brands, Inc. has a 12 month low of $12.71 and a 12 month high of $20.04. The stock has a market capitalization of $1.98 billion, a PE ratio of 77.92, a P/E/G ratio of 0.86 and a beta of 1.05.

Utz Brands (NYSE:UTZ - Get Free Report) last announced its quarterly earnings data on Thursday, February 20th. The company reported $0.22 earnings per share for the quarter, topping the consensus estimate of $0.19 by $0.03. Utz Brands had a return on equity of 7.92% and a net margin of 1.13%. The business had revenue of $341.05 million during the quarter, compared to the consensus estimate of $349.93 million. During the same period in the prior year, the company earned $0.16 EPS. On average, equities analysts anticipate that Utz Brands, Inc. will post 0.85 earnings per share for the current year.

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Analyst Upgrades and Downgrades

Several equities analysts have recently commented on UTZ shares. Mizuho decreased their target price on Utz Brands from $21.00 to $19.00 and set an "outperform" rating on the stock in a research report on Monday, February 10th. Barclays dropped their target price on Utz Brands from $19.00 to $17.00 and set an "overweight" rating for the company in a report on Friday, January 17th. Royal Bank of Canada decreased their price target on shares of Utz Brands from $23.00 to $20.00 and set an "outperform" rating on the stock in a research note on Monday, February 24th. Piper Sandler dropped their price objective on shares of Utz Brands from $24.00 to $20.00 and set an "overweight" rating for the company in a research note on Thursday, January 16th. Finally, DA Davidson decreased their target price on shares of Utz Brands from $18.00 to $16.00 and set a "neutral" rating on the stock in a research report on Monday, February 24th. One investment analyst has rated the stock with a hold rating and eight have issued a buy rating to the company's stock. Based on data from MarketBeat.com, Utz Brands has a consensus rating of "Moderate Buy" and a consensus price target of $19.56.

Hedge Funds Weigh In On Utz Brands

A number of institutional investors have recently added to or reduced their stakes in the stock. Newton One Investments LLC bought a new stake in shares of Utz Brands during the fourth quarter worth $26,000. Venturi Wealth Management LLC bought a new stake in Utz Brands during the 4th quarter worth $54,000. Tower Research Capital LLC TRC raised its position in Utz Brands by 112.7% in the fourth quarter. Tower Research Capital LLC TRC now owns 7,697 shares of the company's stock valued at $121,000 after purchasing an additional 4,078 shares during the last quarter. Moody National Bank Trust Division bought a new position in Utz Brands in the fourth quarter valued at about $169,000. Finally, Freestone Grove Partners LP acquired a new stake in shares of Utz Brands during the fourth quarter valued at about $183,000. 95.97% of the stock is currently owned by institutional investors and hedge funds.

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.