Utz Brands, Inc. (NYSE:UTZ) Receives $19.25 Consensus Price Target from Analysts

Utz Brands, Inc. (NYSE:UTZ - Get Free Report) has earned a consensus recommendation of "Moderate Buy" from the eight ratings firms that are presently covering the stock, MarketBeat Ratings reports. One analyst has rated the stock with a hold recommendation and seven have assigned a buy recommendation to the company. The average 12-month price target among brokerages that have updated their coverage on the stock in the last year is $19.25.

UTZ has been the topic of several recent research reports. TD Cowen reduced their price target on Utz Brands from $21.00 to $17.00 and set a "buy" rating on the stock in a research report on Wednesday, January 8th. Mizuho reduced their target price on Utz Brands from $21.00 to $19.00 and set an "outperform" rating on the stock in a report on Monday, February 10th. DA Davidson decreased their target price on Utz Brands from $18.00 to $16.00 and set a "neutral" rating for the company in a research report on Monday, February 24th. Barclays cut their price target on shares of Utz Brands from $19.00 to $17.00 and set an "overweight" rating on the stock in a research report on Friday, January 17th. Finally, Royal Bank of Canada decreased their price objective on shares of Utz Brands from $23.00 to $20.00 and set an "outperform" rating for the company in a report on Monday, February 24th.

Utz Brands Price Performance

Shares of NYSE UTZ traded up $0.06 during trading on Friday, reaching $13.28. The company had a trading volume of 184,994 shares, compared to its average volume of 1,169,004. The business's 50 day moving average price is $13.69 and its 200-day moving average price is $15.43. Utz Brands has a 52 week low of $12.71 and a 52 week 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. The stock has a market cap of $1.88 billion, a PE ratio of 73.70, a PEG ratio of 0.86 and a beta of 1.10.

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

Utz Brands Cuts Dividend

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

Insider Buying and Selling

In other news, CEO Howard A. Friedman purchased 3,525 shares of the business's stock in a transaction dated Monday, February 24th. The shares were bought at an average cost of $14.16 per share, for a total transaction of $49,914.00. Following the completion of the acquisition, the chief executive officer now directly owns 265,729 shares in the company, valued at approximately $3,762,722.64. This trade represents a 1.34 % increase in their position. The purchase was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Cc Collier Holdings, Llc sold 496,038 shares of the stock in a transaction dated 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. 16.32% of the stock is owned by company insiders.

Institutional Investors Weigh In On Utz Brands

Several institutional investors have recently bought and sold shares of the company. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its holdings in shares of Utz Brands by 4.5% in the fourth quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 37,280 shares of the company's stock valued at $584,000 after purchasing an additional 1,596 shares during the last quarter. Newton One Investments LLC bought a new position in Utz Brands in the fourth quarter valued at $26,000. Rhumbline Advisers increased its stake in Utz Brands by 1.9% in the 4th quarter. Rhumbline Advisers now owns 95,103 shares of the company's stock valued at $1,489,000 after buying an additional 1,757 shares during the last quarter. LPL Financial LLC lifted its position in Utz Brands by 4.7% during the 4th quarter. LPL Financial LLC now owns 39,879 shares of the company's stock worth $624,000 after buying an additional 1,789 shares in the last quarter. Finally, M&T Bank Corp boosted its stake in shares of Utz Brands by 18.9% during the 4th quarter. M&T Bank Corp now owns 12,678 shares of the company's stock worth $198,000 after buying an additional 2,011 shares during the last quarter. Institutional investors own 95.97% of the company's stock.

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.