Utz Brands (NYSE:UTZ) Price Target Cut to $19.00 by Analysts at Mizuho

Utz Brands (NYSE:UTZ - Get Free Report) had its price objective decreased by equities researchers at Mizuho from $21.00 to $19.00 in a report issued on Monday,Benzinga reports. The brokerage currently has an "outperform" rating on the stock. Mizuho's target price would indicate a potential upside of 37.51% from the company's previous close.

A number of other analysts have also recently issued reports on the company. TD Cowen reduced their price objective on Utz Brands from $21.00 to $17.00 and set a "buy" rating for the company in a research report on Wednesday, January 8th. Piper Sandler lowered their price target on 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, Barclays dropped their price objective on Utz Brands from $19.00 to $17.00 and set an "overweight" rating on the stock in a report on Friday, January 17th. Two analysts have rated the stock with a hold rating and eight have given a buy rating to the company. According to MarketBeat, Utz Brands presently has a consensus rating of "Moderate Buy" and an average target price of $20.00.

Utz Brands Trading Up 0.9 %

Shares of NYSE:UTZ traded up $0.13 during midday trading on Monday, reaching $13.82. The company had a trading volume of 317,141 shares, compared to its average volume of 1,116,189. The company has a fifty day simple moving average of $14.86 and a two-hundred day simple moving average of $16.30. The firm has a market cap of $1.95 billion, a price-to-earnings ratio of -72.76, a price-to-earnings-growth ratio of 0.87 and a beta of 1.01. Utz Brands has a 1-year low of $12.71 and a 1-year high of $20.04. The company has a debt-to-equity ratio of 0.56, a quick ratio of 0.85 and a current ratio of 1.21.

Hedge Funds Weigh In On Utz Brands

A number of institutional investors have recently made changes to their positions in the business. Newton One Investments LLC bought a new stake in Utz Brands during the 4th quarter valued at approximately $26,000. Venturi Wealth Management LLC acquired a new position in shares of Utz Brands during the fourth quarter worth approximately $54,000. nVerses Capital LLC bought a new stake in shares of Utz Brands in the third quarter valued at approximately $142,000. Moody National Bank Trust Division acquired a new stake in shares of Utz Brands in the fourth quarter worth $169,000. Finally, M&T Bank Corp grew its stake in shares of Utz Brands by 18.9% in the fourth quarter. M&T Bank Corp now owns 12,678 shares of the company's stock worth $198,000 after acquiring an additional 2,011 shares during the last quarter. 95.97% of the stock is currently owned by institutional investors.

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.