Utz Brands, Inc. (NYSE:UTZ) Given Consensus Recommendation of "Moderate Buy" by Brokerages

Utz Brands, Inc. (NYSE:UTZ - Get Free Report) has been assigned an average recommendation of "Moderate Buy" from the nine brokerages that are currently covering the stock, MarketBeat reports. One investment analyst has rated the stock with a hold recommendation and eight have assigned a buy recommendation to the company. The average twelve-month price objective among brokerages that have issued a report on the stock in the last year is $19.56.

A number of research analysts have recently commented on the company. Mizuho lowered their target price on Utz Brands from $21.00 to $19.00 and set an "outperform" rating for the company in a research note on Monday, February 10th. Barclays lowered 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. Piper Sandler reduced their target price on shares of Utz Brands from $24.00 to $20.00 and set an "overweight" rating on the stock in a research report on Thursday, January 16th. Royal Bank of Canada decreased their price target on shares of Utz Brands from $23.00 to $20.00 and set an "outperform" rating for the company in a research note on Monday, February 24th. Finally, TD Cowen dropped their price objective on shares of Utz Brands from $21.00 to $17.00 and set a "buy" rating on the stock in a research note on Wednesday, January 8th.

Insiders Place Their Bets

In related news, CEO Howard A. Friedman purchased 3,525 shares of the company's stock in a transaction dated Monday, February 24th. The shares were purchased at an average price of $14.16 per share, with a total value of $49,914.00. Following the acquisition, the chief executive officer now directly owns 265,729 shares in the company, valued at $3,762,722.64. The trade was a 1.34 % increase in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Cc Collier Holdings, Llc sold 496,038 shares of the business's stock in a transaction that occurred on Thursday, March 6th. The shares were sold at an average price of $13.40, for a total transaction of $6,646,909.20. The disclosure for this sale can be found here. Corporate insiders own 17.00% of the company's stock.

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Institutional Investors Weigh In On Utz Brands

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. State of New Jersey Common Pension Fund D lifted its holdings in shares of Utz Brands by 16.1% during the 3rd quarter. State of New Jersey Common Pension Fund D now owns 116,544 shares of the company's stock valued at $2,063,000 after buying an additional 16,201 shares during the period. GSA Capital Partners LLP increased its holdings in Utz Brands by 100.0% during the third quarter. GSA Capital Partners LLP now owns 165,896 shares of the company's stock valued at $2,936,000 after buying an additional 82,935 shares during the last quarter. Victory Capital Management Inc. increased its holdings in Utz Brands by 19.0% during the third quarter. Victory Capital Management Inc. now owns 1,474,047 shares of the company's stock valued at $26,091,000 after buying an additional 235,622 shares during the last quarter. King Luther Capital Management Corp raised its position in Utz Brands by 42.7% in the third quarter. King Luther Capital Management Corp now owns 243,146 shares of the company's stock worth $4,304,000 after acquiring an additional 72,756 shares during the period. Finally, Intech Investment Management LLC purchased a new position in shares of Utz Brands during the 3rd quarter worth $301,000. Hedge funds and other institutional investors own 95.97% of the company's stock.

Utz Brands Trading Down 1.6 %

Shares of UTZ stock traded down $0.22 during trading hours on Monday, reaching $13.40. The company's stock had a trading volume of 793,417 shares, compared to its average volume of 783,707. The company has a current ratio of 1.21, a quick ratio of 0.85 and a debt-to-equity ratio of 0.56. Utz Brands has a one year low of $12.71 and a one year high of $20.04. The stock has a market capitalization of $1.89 billion, a P/E ratio of 74.42, a P/E/G ratio of 0.86 and a beta of 1.05. The firm's fifty day simple moving average is $13.79 and its 200 day simple moving average is $15.91.

Utz Brands (NYSE:UTZ - Get Free Report) last issued its quarterly earnings data on Thursday, February 20th. The company reported $0.22 EPS for the quarter, topping the consensus estimate of $0.19 by $0.03. The business had revenue of $341.05 million during the quarter, compared to analyst estimates of $349.93 million. Utz Brands had a net margin of 1.13% and a return on equity of 7.92%. During the same period in the prior year, the business earned $0.16 EPS. Equities research analysts expect that Utz Brands will post 0.85 EPS for the current year.

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.