Utz Brands, Inc. (NYSE:UTZ) Shares Bought by Boston Partners

Boston Partners increased its position in shares of Utz Brands, Inc. (NYSE:UTZ - Free Report) by 3.5% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm owned 885,316 shares of the company's stock after buying an additional 30,156 shares during the period. Boston Partners owned about 0.63% of Utz Brands worth $13,422,000 at the end of the most recent reporting period.

Several other hedge funds have also recently added to or reduced their stakes in the company. First Eagle Investment Management LLC grew its holdings in Utz Brands by 3.9% during the 4th quarter. First Eagle Investment Management LLC now owns 470,996 shares of the company's stock worth $7,376,000 after acquiring an additional 17,600 shares in the last quarter. Swiss National Bank grew its stake in shares of Utz Brands by 1.5% during the fourth quarter. Swiss National Bank now owns 138,000 shares of the company's stock worth $2,161,000 after purchasing an additional 2,100 shares in the last quarter. King Luther Capital Management Corp increased its holdings in Utz Brands by 12.2% in the fourth quarter. King Luther Capital Management Corp now owns 272,706 shares of the company's stock valued at $4,271,000 after buying an additional 29,560 shares during the last quarter. Raymond James Financial Inc. purchased a new position in Utz Brands in the fourth quarter valued at $339,000. Finally, M&T Bank Corp raised its stake in Utz Brands by 18.9% in the fourth quarter. M&T Bank Corp now owns 12,678 shares of the company's stock valued at $198,000 after buying an additional 2,011 shares in the last quarter. Institutional investors and hedge funds own 95.97% of the company's stock.

Utz Brands Stock Performance

Shares of Utz Brands stock remained flat at $13.70 during trading on Tuesday. 971,812 shares of the stock were exchanged, compared to its average volume of 791,069. The stock has a fifty day moving average price of $13.66 and a 200-day moving average price of $15.70. Utz Brands, Inc. has a fifty-two week low of $12.71 and a fifty-two week high of $20.04. The company has a market capitalization of $1.94 billion, a price-to-earnings ratio of 76.11, a PEG ratio of 0.86 and a beta of 1.05. The company has a debt-to-equity ratio of 0.56, a quick ratio of 0.85 and a current ratio of 1.21.

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Utz Brands (NYSE:UTZ - Get Free Report) last posted its quarterly earnings data on Thursday, February 20th. The company reported $0.22 EPS for the quarter, beating 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 company had revenue of $341.05 million for the quarter, compared to analyst estimates of $349.93 million. During the same period in the previous year, the business posted $0.16 earnings per share. On average, analysts predict that Utz Brands, Inc. will post 0.85 earnings per share for the current fiscal year.

Insider Buying and Selling at Utz Brands

In other Utz Brands news, insider Cc Collier Holdings, Llc sold 496,038 shares of the company's stock in a transaction dated Thursday, March 6th. The shares were sold at an average price of $13.40, for a total transaction of $6,646,909.20. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CEO Howard A. Friedman purchased 3,525 shares of the business's stock in a transaction dated Monday, February 24th. The shares were purchased at an average cost of $14.16 per share, with a total value of $49,914.00. Following the purchase, the chief executive officer now directly owns 265,729 shares in the company, valued at approximately $3,762,722.64. The trade was a 1.34 % increase in their ownership of the stock. The disclosure for this purchase can be found here. 17.00% of the stock is currently owned by corporate insiders.

Wall Street Analyst Weigh In

Several research firms have recently issued reports on UTZ. TD Cowen lowered their price objective on Utz Brands from $21.00 to $17.00 and set a "buy" rating for the company in a research report on Wednesday, January 8th. Mizuho lowered their price target on Utz Brands from $21.00 to $19.00 and set an "outperform" rating for the company in a report on Monday, February 10th. DA Davidson dropped their price target on shares of Utz Brands from $18.00 to $16.00 and set a "neutral" rating on the stock in a research note on Monday, February 24th. Barclays reduced 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 report on Friday, January 17th. Finally, Royal Bank of Canada dropped their target price on shares of Utz Brands from $23.00 to $20.00 and set an "outperform" rating on the stock in a research report on Monday, February 24th. One analyst has rated the stock with a hold rating and seven have assigned a buy rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and an average price target of $19.25.

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.