Utz Brands, Inc. (NYSE:UTZ) Receives Consensus Rating of "Moderate Buy" from Analysts

Shares of Utz Brands, Inc. (NYSE:UTZ - Get Free Report) have been given an average rating of "Moderate Buy" by the ten brokerages that are covering the company, MarketBeat Ratings reports. Two analysts have rated the stock with a hold recommendation and eight have issued a buy recommendation on the company. The average 1-year target price among analysts that have issued ratings on the stock in the last year is $20.00.

A number of equities research analysts have issued reports on UTZ shares. Piper Sandler lowered their price target on Utz Brands from $24.00 to $20.00 and set an "overweight" rating for the company in a research report on Thursday, January 16th. TD Cowen decreased their target price on Utz Brands from $21.00 to $17.00 and set a "buy" rating for the company in a report on Wednesday, January 8th. Mizuho cut their price target on shares of Utz Brands from $21.00 to $19.00 and set an "outperform" rating on the stock in a report on Monday, February 10th. Finally, Barclays decreased their price objective on shares of Utz Brands from $19.00 to $17.00 and set an "overweight" rating for the company in a research note on Friday, January 17th.

Utz Brands Trading Down 3.5 %

Shares of NYSE UTZ traded down $0.49 during trading on Thursday, hitting $13.35. 833,361 shares of the company traded hands, compared to its average volume of 1,193,036. The firm has a market capitalization of $1.88 billion, a P/E ratio of -70.24, a P/E/G ratio of 0.87 and a beta of 1.01. 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 company has a 50-day moving average price of $14.73 and a 200-day moving average price of $16.29. Utz Brands has a 1 year low of $12.71 and a 1 year high of $20.04.

Utz Brands Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, January 2nd. Investors of record on Monday, December 16th were issued a dividend of $0.061 per share. This represents a $0.24 dividend on an annualized basis and a yield of 1.83%. This is a positive change from Utz Brands's previous quarterly dividend of $0.06. The ex-dividend date of this dividend was Monday, December 16th. Utz Brands's dividend payout ratio (DPR) is presently -126.32%.

Hedge Funds Weigh In On Utz Brands

A number of institutional investors have recently added to or reduced their stakes in UTZ. JPMorgan Chase & Co. increased its position in shares of Utz Brands by 14.9% during the fourth quarter. JPMorgan Chase & Co. now owns 7,923,292 shares of the company's stock worth $124,079,000 after acquiring an additional 1,025,656 shares during the last quarter. Champlain Investment Partners LLC increased its holdings in Utz Brands by 13.5% during the 4th quarter. Champlain Investment Partners LLC now owns 5,208,402 shares of the company's stock worth $81,564,000 after purchasing an additional 620,196 shares during the last quarter. Copeland Capital Management LLC increased its holdings in Utz Brands by 1.9% during the 4th quarter. Copeland Capital Management LLC now owns 3,117,478 shares of the company's stock worth $48,820,000 after purchasing an additional 59,429 shares during the last quarter. State Street Corp raised its position in shares of Utz Brands by 9.5% in the 3rd quarter. State Street Corp now owns 1,758,961 shares of the company's stock valued at $31,256,000 after purchasing an additional 152,868 shares in the last quarter. Finally, Geode Capital Management LLC boosted its stake in shares of Utz Brands by 0.9% during the 4th quarter. Geode Capital Management LLC now owns 1,561,986 shares of the company's stock valued at $24,467,000 after buying an additional 13,755 shares during the last quarter. Institutional investors and hedge funds own 95.97% 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.