Utz Brands, Inc. (NYSE:UTZ) Receives $20.00 Average PT from Analysts

Utz Brands, Inc. (NYSE:UTZ - Get Free Report) has earned a consensus rating of "Moderate Buy" from the ten research firms that are presently covering the firm, Marketbeat.com reports. Two equities research analysts have rated the stock with a hold recommendation and eight have assigned a buy recommendation to the company. The average twelve-month price target among analysts that have issued a report on the stock in the last year is $20.00.

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

Utz Brands Price Performance

Shares of NYSE:UTZ traded up $0.22 during midday trading on Thursday, reaching $13.40. 1,030,972 shares of the company were exchanged, compared to its average volume of 1,119,292. The stock has a market cap of $1.89 billion, a PE ratio of -70.51, a price-to-earnings-growth ratio of 0.86 and a beta of 1.01. The business's fifty day moving average is $14.56 and its two-hundred day moving average is $16.25. Utz Brands has a one year low of $12.71 and a one year high of $20.04. 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 Increases Dividend

The business 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 annualized dividend and a yield of 1.82%. The ex-dividend date was Monday, December 16th. This is a positive change from Utz Brands's previous quarterly dividend of $0.06. Utz Brands's dividend payout ratio is presently -126.32%.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently bought and sold shares of UTZ. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its holdings in shares of Utz Brands by 4.6% in the 4th quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 143,728 shares of the company's stock worth $2,251,000 after acquiring an additional 6,268 shares during the last quarter. Two Sigma Investments LP purchased a new stake in Utz Brands in the 4th quarter worth about $512,000. Snowden Capital Advisors LLC lifted its stake in Utz Brands by 6.9% in the fourth quarter. Snowden Capital Advisors LLC now owns 35,318 shares of the company's stock worth $555,000 after purchasing an additional 2,282 shares during the last quarter. ProShare Advisors LLC boosted its position in shares of Utz Brands by 51.1% during the fourth quarter. ProShare Advisors LLC now owns 18,569 shares of the company's stock valued at $291,000 after buying an additional 6,279 shares during the period. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its stake in shares of Utz Brands by 4.5% during the fourth quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 37,280 shares of the company's stock valued at $584,000 after buying an additional 1,596 shares during the last quarter. 95.97% of the stock is owned by hedge funds and other institutional investors.

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.