Peak6 LLC Invests $292,000 in Utz Brands, Inc. (NYSE:UTZ)

PEAK6 LLC purchased a new position in shares of Utz Brands, Inc. (NYSE:UTZ - Free Report) in the 4th quarter, according to the company in its most recent filing with the SEC. The fund purchased 18,671 shares of the company's stock, valued at approximately $292,000.

A number of other institutional investors and hedge funds have also modified their holdings of the business. Newton One Investments LLC acquired a new position in shares of Utz Brands during the 4th quarter worth about $26,000. Venturi Wealth Management LLC bought a new stake in Utz Brands in the fourth quarter valued at approximately $54,000. Moody National Bank Trust Division acquired a new stake in Utz Brands in the fourth quarter worth $169,000. M&T Bank Corp boosted its position in shares of 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 in the last quarter. Finally, Ballentine Partners LLC acquired a new position in shares of Utz Brands in the 4th quarter valued at $220,000. 95.97% of the stock is owned by institutional investors.

Utz Brands Stock Down 2.6 %

Shares of NYSE:UTZ traded down $0.35 during midday trading on Friday, reaching $13.36. The company had a trading volume of 860,848 shares, compared to its average volume of 873,620. The company has a quick ratio of 0.85, a current ratio of 1.21 and a debt-to-equity ratio of 0.56. The business's 50 day moving average price is $13.65 and its 200 day moving average price is $15.04. The stock has a market cap of $1.89 billion, a PE ratio of 74.22, a P/E/G ratio of 0.86 and a beta of 1.10. Utz Brands, Inc. has a 1-year low of $12.15 and a 1-year high of $20.04.

Utz Brands (NYSE:UTZ - Get Free Report) last released its quarterly earnings data on Thursday, February 20th. The company reported $0.22 EPS 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 the consensus estimate 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 EPS. Research analysts forecast that Utz Brands, Inc. will post 0.85 EPS for the current fiscal year.

Utz Brands Cuts Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, April 24th. Shareholders of record on Monday, April 7th were paid a $0.011 dividend. The ex-dividend date was Monday, April 7th. This represents a $0.04 annualized dividend and a yield of 0.33%. Utz Brands's dividend payout ratio is 133.33%.

Analyst Ratings Changes

Several research analysts have weighed in on UTZ shares. Piper Sandler reduced their target price on Utz Brands from $24.00 to $20.00 and set an "overweight" rating on the stock in a report on Thursday, January 16th. UBS Group began coverage on shares of Utz Brands in a research note on Wednesday. They issued a "neutral" rating and a $15.00 price target on the stock. TD Cowen lowered shares of Utz Brands from a "buy" rating to a "hold" rating and reduced their target price for the stock from $17.00 to $15.00 in a research note on Tuesday. Mizuho dropped their price target on Utz Brands from $21.00 to $19.00 and set an "outperform" rating on the stock in a research note on Monday, February 10th. Finally, Royal Bank of Canada cut their price target on Utz Brands from $23.00 to $20.00 and set an "outperform" rating on the stock in a report on Monday, February 24th. Two investment analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company's stock. According to MarketBeat.com, Utz Brands has an average rating of "Moderate Buy" and a consensus target price of $18.56.

Insider Activity

In other news, CEO Howard A. Friedman bought 3,525 shares of the firm's stock in a transaction dated Monday, February 24th. The shares were bought at an average price of $14.16 per share, with a total value of $49,914.00. Following the completion of the transaction, the chief executive officer now owns 265,729 shares of the company's stock, valued at $3,762,722.64. This trade represents a 1.34 % increase in their ownership of the stock. The purchase was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, insider Cc Collier Holdings, Llc sold 496,038 shares of the stock in a transaction that occurred on Thursday, March 6th. The stock was sold at an average price of $13.40, for a total value of $6,646,909.20. The disclosure for this sale can be found here. Insiders own 16.32% of the company's stock.

Utz Brands Company 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.