Utz Brands (NYSE:UTZ) Now Covered by Analysts at UBS Group

Investment analysts at UBS Group initiated coverage on shares of Utz Brands (NYSE:UTZ - Get Free Report) in a note issued to investors on Wednesday,Benzinga reports. The brokerage set a "neutral" rating and a $15.00 price target on the stock. UBS Group's price objective suggests a potential upside of 10.67% from the company's current price.

Other research analysts have also issued reports about the company. Royal Bank of Canada cut their price objective on Utz Brands from $23.00 to $20.00 and set an "outperform" rating on the stock in a research report on Monday, February 24th. Barclays decreased 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. Mizuho dropped their price objective on shares of Utz Brands from $21.00 to $19.00 and set an "outperform" rating on the stock in a research note on Monday, February 10th. Piper Sandler lowered their price target 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. Finally, TD Cowen downgraded shares of Utz Brands from a "buy" rating to a "hold" rating and dropped their price target for the stock from $17.00 to $15.00 in a research note on Tuesday. Three research analysts have rated the stock with a hold rating and six have issued a buy rating to the company's stock. According to MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and an average target price of $18.56.

Utz Brands Stock Performance

Utz Brands stock opened at $13.55 on Wednesday. The company has a debt-to-equity ratio of 0.56, a quick ratio of 0.85 and a current ratio of 1.21. Utz Brands has a fifty-two week low of $12.15 and a fifty-two week high of $20.04. The stock has a fifty day moving average of $13.64 and a two-hundred day moving average of $15.08. The company has a market capitalization of $1.92 billion, a price-to-earnings ratio of 75.30, a PEG ratio of 0.86 and a beta of 1.10.

Utz Brands (NYSE:UTZ - Get Free Report) last released its earnings results on Thursday, February 20th. The company reported $0.22 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.19 by $0.03. The firm had revenue of $341.05 million during the quarter, compared to the consensus estimate of $349.93 million. Utz Brands had a net margin of 1.13% and a return on equity of 7.92%. During the same period in the previous year, the firm earned $0.16 earnings per share. On average, analysts anticipate that Utz Brands will post 0.85 EPS for the current fiscal year.

Insider Buying and Selling

In related news, insider Cc Collier Holdings, Llc sold 496,038 shares of the business's stock in a transaction that occurred on Thursday, March 6th. The stock was sold at an average price of $13.40, for a total transaction of $6,646,909.20. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CEO Howard A. Friedman acquired 3,525 shares of the stock in a transaction that occurred on Monday, February 24th. The shares were bought at an average price of $14.16 per share, with a total value of $49,914.00. Following the completion of the purchase, the chief executive officer now owns 265,729 shares in the company, valued at $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. 16.32% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On Utz Brands

Institutional investors have recently modified their holdings of the company. Simon Quick Advisors LLC boosted its stake in Utz Brands by 9.7% during the 1st quarter. Simon Quick Advisors LLC now owns 15,967 shares of the company's stock valued at $225,000 after purchasing an additional 1,411 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its position 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 worth $584,000 after buying an additional 1,596 shares during the period. Newton One Investments LLC bought a new position in Utz Brands in the 4th quarter worth approximately $26,000. Rhumbline Advisers increased its position in Utz Brands by 1.9% in the 4th quarter. Rhumbline Advisers now owns 95,103 shares of the company's stock valued at $1,489,000 after acquiring an additional 1,757 shares during the period. Finally, LPL Financial LLC raised its stake in Utz Brands by 4.7% during the 4th quarter. LPL Financial LLC now owns 39,879 shares of the company's stock valued at $624,000 after acquiring an additional 1,789 shares in the last quarter. Institutional investors own 95.97% of the company's stock.

About Utz Brands

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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