Emerald Advisers LLC Has $7.79 Million Holdings in Utz Brands, Inc. (NYSE:UTZ)

Emerald Advisers LLC lowered its position in Utz Brands, Inc. (NYSE:UTZ - Free Report) by 41.6% in the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 440,096 shares of the company's stock after selling 312,861 shares during the period. Emerald Advisers LLC owned about 0.31% of Utz Brands worth $7,790,000 as of its most recent SEC filing.

Several other hedge funds have also added to or reduced their stakes in the business. Comerica Bank raised its holdings in shares of Utz Brands by 5.4% during the first quarter. Comerica Bank now owns 16,491 shares of the company's stock worth $304,000 after acquiring an additional 848 shares during the period. ProShare Advisors LLC lifted its holdings in shares of Utz Brands by 8.5% in the first quarter. ProShare Advisors LLC now owns 12,944 shares of the company's stock valued at $239,000 after purchasing an additional 1,017 shares in the last quarter. Envestnet Portfolio Solutions Inc. boosted its position in shares of Utz Brands by 11.6% during the second 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 during the period. Diversified Trust Co grew its holdings in shares of Utz Brands by 4.5% during the second quarter. Diversified Trust Co now owns 44,870 shares of the company's stock worth $747,000 after buying an additional 1,925 shares in the last quarter. Finally, Price T Rowe Associates Inc. MD grew its holdings in shares of Utz Brands by 4.6% during 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 in the last quarter. Institutional investors and hedge funds own 95.97% of the company's stock.

Utz Brands Stock Performance

NYSE:UTZ traded up $0.13 during mid-day trading on Friday, hitting $17.35. 1,094,157 shares of the stock were exchanged, compared to its average volume of 535,190. The firm's 50-day simple moving average is $17.31 and its 200 day simple moving average is $17.24. The stock has a market capitalization of $2.44 billion, a price-to-earnings ratio of -91.32, a price-to-earnings-growth ratio of 1.18 and a beta of 1.01. Utz Brands, Inc. has a fifty-two week low of $11.67 and a fifty-two week high of $20.04. The company has a debt-to-equity ratio of 0.57, a quick ratio of 1.21 and a current ratio of 1.69.

Utz Brands (NYSE:UTZ - Get Free Report) last announced its earnings results on Thursday, October 31st. The company reported $0.21 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.20 by $0.01. Utz Brands had a negative net margin of 0.99% and a positive return on equity of 7.24%. The company had revenue of $365.50 million during the quarter, compared to analysts' expectations of $363.98 million. During the same quarter in the previous year, the business posted $0.17 earnings per share. Utz Brands's quarterly revenue was down 1.7% on a year-over-year basis. As a group, equities analysts anticipate that Utz Brands, Inc. will post 0.74 EPS for the current fiscal year.

Utz Brands Announces Dividend

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

Insider Activity at Utz Brands

In related news, Director Bruce John Lindeman acquired 4,000 shares of the stock in a transaction on Monday, August 5th. The shares were purchased at an average price of $16.11 per share, for a total transaction of $64,440.00. Following the purchase, the director now directly owns 42,480 shares in the company, valued at approximately $684,352.80. The trade was a 0.00 % increase in their ownership of the stock. The purchase was disclosed in a legal filing with the SEC, which is available through this hyperlink. 17.00% of the stock is currently owned by corporate insiders.

Wall Street Analysts Forecast Growth

UTZ has been the subject of several research reports. Piper Sandler raised their price target on shares of Utz Brands from $22.00 to $24.00 and gave the stock an "overweight" rating in a research note on Friday. Barclays decreased their target price on shares of Utz Brands from $23.00 to $19.00 and set an "overweight" rating for the company in a research report on Friday, July 19th. Finally, Needham & Company LLC reissued a "buy" rating and set a $22.00 price target on shares of Utz Brands in a research report on Friday, August 2nd. Three equities research analysts have rated the stock with a hold rating and seven have issued a buy rating to the company. According to MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and a consensus target price of $21.10.

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.