Utz Brands, Inc. (NYSE:UTZ) Given Average Rating of "Moderate Buy" by Analysts

Utz Brands, Inc. (NYSE:UTZ - Get Free Report) has been given a consensus rating of "Moderate Buy" by the nine ratings firms that are currently covering the firm, MarketBeat.com reports. Two research analysts have rated the stock with a hold rating and seven have given a buy rating to the company. The average 1-year price objective among brokerages that have covered the stock in the last year is $21.22.

Several equities analysts have issued reports on UTZ shares. Piper Sandler boosted their price target on Utz Brands from $22.00 to $24.00 and gave the company an "overweight" rating in a research note on Friday, November 1st. Mizuho dropped their target price on shares of Utz Brands from $24.00 to $21.00 and set an "outperform" rating on the stock in a research report on Monday, November 4th. Finally, Needham & Company LLC reissued a "buy" rating and set a $22.00 target price on shares of Utz Brands in a research note on Friday, August 2nd.

Utz Brands Trading Up 2.2 %

NYSE:UTZ traded up $0.38 on Friday, reaching $17.41. 378,320 shares of the stock traded hands, compared to its average volume of 755,570. The company's 50 day moving average is $17.12 and its 200-day moving average is $17.05. 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 has a 1-year low of $13.05 and a 1-year high of $20.04. The firm has a market capitalization of $2.45 billion, a price-to-earnings ratio of -91.63, a price-to-earnings-growth ratio of 1.17 and a beta of 1.01.

Utz Brands (NYSE:UTZ - Get Free Report) last posted its quarterly earnings data on Thursday, October 31st. The company reported $0.21 earnings per share for the quarter, topping the consensus estimate of $0.20 by $0.01. Utz Brands had a positive return on equity of 7.25% and a negative net margin of 0.99%. The firm had revenue of $365.50 million during the quarter, compared to analyst estimates of $363.98 million. During the same period last year, the company posted $0.17 EPS. The business's quarterly revenue was down 1.7% on a year-over-year basis. Equities research analysts anticipate that Utz Brands will post 0.73 EPS for the current fiscal year.

Utz Brands Dividend Announcement

The firm also recently disclosed a None dividend, which was paid on Thursday, October 3rd. Stockholders of record on Monday, September 16th were issued a dividend of $0.011 per share. This represents a dividend yield of 1.3%. The ex-dividend date of this dividend was Monday, September 16th. Utz Brands's dividend payout ratio is currently -126.32%.

Insider Buying and Selling

In other news, EVP Cary Devore sold 30,000 shares of the firm's stock in a transaction 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 directly owns 451,117 shares of the company's stock, valued at $7,813,346.44. This trade represents a 6.24 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, insider Cc Collier Holdings, Llc sold 2,815,404 shares of Utz Brands stock in a transaction dated Wednesday, November 6th. The stock was sold at an average price of $17.29, for a total transaction of $48,678,335.16. Following the completion of the sale, the insider now directly owns 496,038 shares in the company, valued at approximately $8,576,497.02. This represents a 85.02 % decrease in their position. The disclosure for this sale can be found here. 17.00% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On Utz Brands

Several institutional investors and hedge funds have recently bought and sold shares of UTZ. Price T Rowe Associates Inc. MD increased its stake in shares of Utz Brands by 4.6% in the first quarter. Price T Rowe Associates Inc. MD now owns 57,879 shares of the company's stock worth $1,068,000 after purchasing an additional 2,540 shares in the last quarter. Principal Financial Group Inc. bought a new stake in Utz Brands during the 2nd quarter valued at $914,000. Kimelman & Baird LLC bought a new stake in Utz Brands during the 2nd quarter valued at $907,000. Bahl & Gaynor Inc. lifted its position in shares of Utz Brands by 45.1% during the second quarter. Bahl & Gaynor Inc. now owns 239,961 shares of the company's stock worth $3,993,000 after acquiring an additional 74,633 shares in the last quarter. Finally, Victory Capital Management Inc. boosted its holdings in shares of Utz Brands by 22.0% in the second quarter. Victory Capital Management Inc. now owns 1,238,425 shares of the company's stock worth $20,607,000 after acquiring an additional 223,462 shares during the period. 95.97% of the stock is owned by 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.