Cary Devore Sells 30,000 Shares of Utz Brands, Inc. (NYSE:UTZ) Stock

Utz Brands, Inc. (NYSE:UTZ - Get Free Report) EVP Cary Devore sold 30,000 shares of the stock in a transaction dated Monday, November 4th. The shares were sold at an average price of $17.32, for a total transaction of $519,600.00. Following the completion of the transaction, the executive vice president now directly owns 451,117 shares of the company's stock, valued at approximately $7,813,346.44. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this link.

Utz Brands Trading Down 0.1 %

Shares of Utz Brands stock traded down $0.01 during trading hours on Monday, reaching $17.34. The stock had a trading volume of 447,791 shares, compared to its average volume of 758,316. The company has a current ratio of 1.69, a quick ratio of 1.21 and a debt-to-equity ratio of 0.57. Utz Brands, Inc. has a 1 year low of $11.67 and a 1 year high of $20.04. The firm has a market capitalization of $2.44 billion, a price-to-earnings ratio of -91.32, a P/E/G ratio of 1.18 and a beta of 1.01. The firm has a 50 day simple moving average of $17.31 and a two-hundred day simple moving average of $17.24.

Utz Brands (NYSE:UTZ - Get Free Report) last released its quarterly earnings data on Thursday, October 31st. The company reported $0.21 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.20 by $0.01. The company 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 7.24%. Utz Brands's revenue for the quarter was down 1.7% on a year-over-year basis. During the same period in the previous year, the firm earned $0.17 earnings per share. As a group, equities research analysts anticipate that Utz Brands, Inc. will post 0.74 earnings per share for the current year.

Utz Brands Announces Dividend

The business also recently announced a None dividend, which was paid on Thursday, October 3rd. Stockholders of record on Monday, September 16th were paid a $0.011 dividend. The ex-dividend date was Monday, September 16th. This represents a dividend yield of 1.3%. Utz Brands's dividend payout ratio (DPR) is currently -126.32%.

Analyst Upgrades and Downgrades

A number of research analysts have recently weighed in on the company. Mizuho dropped their price target on Utz Brands from $24.00 to $21.00 and set an "outperform" rating for the company in a research report on Monday. Needham & Company LLC reaffirmed a "buy" rating and issued a $22.00 price target on shares of Utz Brands in a report on Friday, August 2nd. Piper Sandler increased their target price on Utz Brands from $22.00 to $24.00 and gave the company an "overweight" rating in a report on Friday. Finally, Barclays reduced their price objective on Utz Brands from $23.00 to $19.00 and set an "overweight" rating on the stock in a research report on Friday, July 19th. Three investment analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company. According to MarketBeat, the company presently has an average rating of "Moderate Buy" and a consensus target price of $20.80.

Hedge Funds Weigh In On Utz Brands

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Comerica Bank raised its stake in shares of Utz Brands by 5.4% during the first quarter. Comerica Bank now owns 16,491 shares of the company's stock valued at $304,000 after purchasing an additional 848 shares during the period. ProShare Advisors LLC increased its stake in Utz Brands by 8.5% during the 1st quarter. ProShare Advisors LLC now owns 12,944 shares of the company's stock worth $239,000 after buying an additional 1,017 shares during the period. Envestnet Portfolio Solutions Inc. lifted its holdings in Utz Brands by 11.6% in the 2nd quarter. Envestnet Portfolio Solutions Inc. now owns 11,838 shares of the company's stock worth $197,000 after buying an additional 1,228 shares in the last quarter. Diversified Trust Co grew its stake in Utz Brands by 4.5% during the 2nd quarter. Diversified Trust Co now owns 44,870 shares of the company's stock valued at $747,000 after purchasing an additional 1,925 shares in the last quarter. Finally, Price T Rowe Associates Inc. MD increased its stake in shares of Utz Brands by 4.6% in the first quarter. Price T Rowe Associates Inc. MD now owns 57,879 shares of the company's stock worth $1,068,000 after buying an additional 2,540 shares during the last quarter. 95.97% of the stock is 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.

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