GSA Capital Partners LLP lifted its position in Utz Brands, Inc. (NYSE:UTZ - Free Report) by 100.0% in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 165,896 shares of the company's stock after purchasing an additional 82,935 shares during the period. GSA Capital Partners LLP owned about 0.12% of Utz Brands worth $2,936,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
A number of other hedge funds and other institutional investors have also recently modified their holdings of UTZ. Picton Mahoney Asset Management purchased a new stake in shares of Utz Brands in the second quarter worth $5,422,000. Victory Capital Management Inc. lifted its position in Utz Brands by 22.0% during the second quarter. Victory Capital Management Inc. now owns 1,238,425 shares of the company's stock valued at $20,607,000 after purchasing an additional 223,462 shares during the last quarter. Mercer Global Advisors Inc. ADV bought a new position in Utz Brands during the second quarter valued at $1,981,000. Bahl & Gaynor Inc. lifted its position in Utz Brands by 45.1% during the second quarter. Bahl & Gaynor Inc. now owns 239,961 shares of the company's stock valued at $3,993,000 after purchasing an additional 74,633 shares during the last quarter. Finally, Principal Financial Group Inc. bought a new position in Utz Brands during the second quarter valued at $914,000. 95.97% of the stock is owned by hedge funds and other institutional investors.
Utz Brands Price Performance
UTZ remained flat at $17.41 on Tuesday. 673,643 shares of the company were exchanged, compared to its average volume of 763,168. The company has a current ratio of 1.21, a quick ratio of 0.85 and a debt-to-equity ratio of 0.56. The firm has a market capitalization of $2.45 billion, a P/E ratio of -91.63, a P/E/G ratio of 1.20 and a beta of 1.01. The firm has a 50 day moving average price of $17.37 and a two-hundred day moving average price of $17.21. Utz Brands, Inc. has a one year low of $12.13 and a one year high of $20.04.
Utz Brands (NYSE:UTZ - Get Free Report) last posted its earnings results on Thursday, October 31st. The company reported $0.21 EPS for the quarter, beating analysts' consensus estimates of $0.20 by $0.01. The business had revenue of $365.50 million for the quarter, compared to the consensus estimate of $363.98 million. Utz Brands had a negative net margin of 0.99% and a positive return on equity of 7.25%. The company's revenue for the quarter was down 1.7% on a year-over-year basis. During the same quarter last year, the firm posted $0.17 EPS. On average, equities analysts forecast that Utz Brands, Inc. will post 0.73 earnings per share for the current year.
Utz Brands Announces Dividend
The company also recently disclosed a None dividend, which was paid on Thursday, October 3rd. Stockholders of record on Monday, September 16th were given a $0.011 dividend. This represents a dividend yield of 1.3%. The ex-dividend date of this dividend was Monday, September 16th. Utz Brands's payout ratio is currently -126.32%.
Insider Transactions at Utz Brands
In related news, EVP Cary Devore sold 30,000 shares of Utz Brands stock in a transaction that occurred on Monday, November 4th. The shares were sold at an average price of $17.32, for a total value of $519,600.00. Following the completion of the sale, the executive vice president now directly owns 451,117 shares in the company, valued at $7,813,346.44. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. In related news, insider Cc Collier Holdings, Llc sold 2,815,404 shares of Utz Brands stock in a transaction that occurred on Wednesday, November 6th. The shares were sold at an average price of $17.29, for a total value of $48,678,335.16. Following the completion of the sale, the insider now directly owns 496,038 shares in the company, valued at $8,576,497.02. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, EVP Cary Devore sold 30,000 shares of Utz Brands stock in a transaction that occurred on Monday, November 4th. The stock was sold at an average price of $17.32, for a total transaction of $519,600.00. Following the completion of the sale, the executive vice president now owns 451,117 shares of the company's stock, valued at $7,813,346.44. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders own 17.00% of the company's stock.
Analyst Ratings Changes
Several research firms have commented on UTZ. Needham & Company LLC reiterated a "buy" rating and set a $22.00 price objective on shares of Utz Brands in a research report on Friday, August 2nd. Piper Sandler raised their target price on shares of Utz Brands from $22.00 to $24.00 and gave the stock an "overweight" rating in a report on Friday, November 1st. Barclays lowered their target price on shares of Utz Brands from $23.00 to $19.00 and set an "overweight" rating for the company in a report on Friday, July 19th. Finally, Mizuho lowered their target price on shares of Utz Brands from $24.00 to $21.00 and set an "outperform" rating for the company in a report on Monday, November 4th. Two research analysts have rated the stock with a hold rating and seven have given a buy rating to the stock. According to MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and an average price target of $21.22.
View Our Latest Report on Utz Brands
About Utz Brands
(
Free Report)
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.
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