Utz Brands, Inc. (NYSE:UTZ) EVP Theresa Robbins Shea Acquires 1,395 Shares

Utz Brands, Inc. (NYSE:UTZ - Get Free Report) EVP Theresa Robbins Shea acquired 1,395 shares of the company's stock in a transaction that occurred on Tuesday, February 25th. The shares were acquired at an average price of $14.31 per share, with a total value of $19,962.45. Following the completion of the transaction, the executive vice president now owns 51,271 shares in the company, valued at $733,688.01. The trade was a 2.80 % increase in their ownership of the stock. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website.

Utz Brands Trading Up 0.7 %

Shares of UTZ stock traded up $0.10 on Friday, hitting $13.65. The company had a trading volume of 1,200,266 shares, compared to its average volume of 1,145,466. The firm has a market cap of $1.92 billion, a P/E ratio of 75.81, a P/E/G ratio of 0.86 and a beta of 1.01. The stock's 50-day moving average is $14.08 and its two-hundred day moving average is $16.09. The company has a debt-to-equity ratio of 0.56, a quick ratio of 0.85 and a current ratio of 1.21. Utz Brands, Inc. has a twelve month low of $12.71 and a twelve month high of $20.04.

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

Remove Ads

Utz Brands Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, January 2nd. Investors of record on Monday, December 16th were paid a dividend of $0.061 per share. The ex-dividend date was Monday, December 16th. This represents a $0.24 annualized dividend and a yield of 1.79%. This is a boost from Utz Brands's previous quarterly dividend of $0.06. Utz Brands's dividend payout ratio (DPR) is currently 133.33%.

Institutional Investors Weigh In On Utz Brands

Several large investors have recently added to or reduced their stakes in the business. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its stake in Utz Brands by 4.5% during the fourth quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 37,280 shares of the company's stock worth $584,000 after purchasing an additional 1,596 shares during the period. Newton One Investments LLC acquired a new stake in Utz Brands during the fourth quarter worth approximately $26,000. Rhumbline Advisers grew its stake in Utz Brands by 1.9% during the fourth quarter. Rhumbline Advisers now owns 95,103 shares of the company's stock worth $1,489,000 after purchasing an additional 1,757 shares during the period. LPL Financial LLC grew its stake in Utz Brands by 4.7% during the fourth quarter. LPL Financial LLC now owns 39,879 shares of the company's stock worth $624,000 after purchasing an additional 1,789 shares during the period. Finally, M&T Bank Corp grew its stake in Utz Brands by 18.9% during the fourth quarter. M&T Bank Corp now owns 12,678 shares of the company's stock worth $198,000 after purchasing an additional 2,011 shares during the period. Institutional investors and hedge funds own 95.97% of the company's stock.

Analyst Ratings Changes

Several analysts recently weighed in on the company. Barclays dropped their price objective on Utz Brands from $19.00 to $17.00 and set an "overweight" rating for the company in a research report on Friday, January 17th. DA Davidson lowered their target price on Utz Brands from $18.00 to $16.00 and set a "neutral" rating for the company in a report on Monday, February 24th. Mizuho lowered their target price on Utz Brands from $21.00 to $19.00 and set an "outperform" rating for the company in a report on Monday, February 10th. Piper Sandler lowered their target price on Utz Brands from $24.00 to $20.00 and set an "overweight" rating for the company in a report on Thursday, January 16th. Finally, Royal Bank of Canada lowered their target price on Utz Brands from $23.00 to $20.00 and set an "outperform" rating for the company in a report on Monday, February 24th. Two equities research analysts have rated the stock with a hold rating and eight have given a buy rating to the company's stock. According to MarketBeat.com, Utz Brands has an average rating of "Moderate Buy" and an average target price of $19.30.

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.