Dynamic Technology Lab Private Ltd Sells 43,692 Shares of Utz Brands, Inc. (NYSE:UTZ)

Dynamic Technology Lab Private Ltd lessened its stake in Utz Brands, Inc. (NYSE:UTZ - Free Report) by 73.3% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 15,877 shares of the company's stock after selling 43,692 shares during the period. Dynamic Technology Lab Private Ltd's holdings in Utz Brands were worth $281,000 as of its most recent SEC filing.

Other large investors have also made changes to their positions in the company. Charles Schwab Investment Management Inc. increased its position in Utz Brands by 5.2% during the third quarter. Charles Schwab Investment Management Inc. now owns 571,161 shares of the company's stock worth $10,110,000 after buying an additional 28,484 shares during the last quarter. Intech Investment Management LLC bought a new position in shares of Utz Brands in the 3rd quarter worth about $301,000. King Luther Capital Management Corp raised its stake in Utz Brands by 42.7% during the 3rd quarter. King Luther Capital Management Corp now owns 243,146 shares of the company's stock worth $4,304,000 after buying an additional 72,756 shares during the period. Victory Capital Management Inc. boosted its stake in Utz Brands by 19.0% during the 3rd quarter. Victory Capital Management Inc. now owns 1,474,047 shares of the company's stock valued at $26,091,000 after purchasing an additional 235,622 shares during the last quarter. Finally, GSA Capital Partners LLP increased its position in shares of Utz Brands by 100.0% during the third quarter. GSA Capital Partners LLP now owns 165,896 shares of the company's stock valued at $2,936,000 after acquiring an additional 82,935 shares during the last quarter. Institutional investors and hedge funds own 95.97% of the company's stock.

Insider Transactions at Utz Brands

In other news, EVP Cary Devore sold 30,000 shares of the business's stock in a transaction on Monday, November 4th. The shares were sold at an average price of $17.32, for a total value of $519,600.00. Following the transaction, 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 6.24 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Cc Collier Holdings, Llc sold 2,815,404 shares of the firm's stock in a transaction on Wednesday, November 6th. The shares were sold at an average price of $17.29, for a total transaction of $48,678,335.16. Following the transaction, the insider now directly owns 496,038 shares of the company's stock, valued at $8,576,497.02. The trade was a 85.02 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Company insiders own 17.00% of the company's stock.

Utz Brands Trading Down 0.9 %

NYSE:UTZ traded down $0.15 during trading hours on Monday, hitting $17.26. The company had a trading volume of 587,051 shares, compared to its average volume of 754,844. 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 52 week low of $13.20 and a 52 week high of $20.04. The stock has a 50-day moving average price of $17.12 and a 200 day moving average price of $17.04. The company has a market capitalization of $2.43 billion, a PE ratio of -90.84, a price-to-earnings-growth ratio of 1.20 and a beta of 1.01.

Utz Brands (NYSE:UTZ - Get Free Report) 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. The business had revenue of $365.50 million during the quarter, compared to the consensus estimate of $363.98 million. Utz Brands had a negative net margin of 0.99% and a positive return on equity of 7.25%. The business's revenue for the quarter was down 1.7% on a year-over-year basis. During the same quarter last year, the firm earned $0.17 earnings per share. 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 declared a None dividend, which was paid on Thursday, October 3rd. Shareholders of record on Monday, September 16th were paid a dividend of $0.011 per share. The ex-dividend date of this dividend was Monday, September 16th. This represents a dividend yield of 1.3%. Utz Brands's dividend payout ratio is currently -121.05%.

Analysts Set New Price Targets

A number of research analysts have recently commented on UTZ shares. Piper Sandler boosted their price target on shares of Utz Brands from $22.00 to $24.00 and gave the company an "overweight" rating in a research report on Friday, November 1st. Mizuho decreased their target price on shares of Utz Brands from $24.00 to $21.00 and set an "outperform" rating on the stock in a research report on Monday, November 4th. Two analysts have rated the stock with a hold rating and seven have issued a buy rating to the company's stock. According to data from MarketBeat, the company has a consensus rating of "Moderate Buy" and an average target price of $21.22.

Utz Brands Profile

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.