Utz Brands, Inc. (NYSE:UTZ) Shares Sold by Vestcor Inc

Vestcor Inc reduced its position in shares of Utz Brands, Inc. (NYSE:UTZ - Free Report) by 23.3% in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 227,169 shares of the company's stock after selling 68,931 shares during the quarter. Vestcor Inc owned 0.16% of Utz Brands worth $3,557,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently modified their holdings of UTZ. Newton One Investments LLC purchased a new position in Utz Brands in the 4th quarter worth approximately $26,000. Venturi Wealth Management LLC purchased a new position in shares of Utz Brands in the fourth quarter worth $54,000. Moody National Bank Trust Division purchased a new position in shares of Utz Brands in the fourth quarter worth $169,000. M&T Bank Corp boosted its position in shares of Utz Brands by 18.9% during the fourth quarter. M&T Bank Corp now owns 12,678 shares of the company's stock worth $198,000 after acquiring an additional 2,011 shares during the last quarter. Finally, Ballentine Partners LLC purchased a new position in Utz Brands during the fourth quarter valued at $220,000. 95.97% of the stock is currently owned by institutional investors.

Utz Brands Stock Down 1.4 %

NYSE UTZ traded down $0.19 on Tuesday, reaching $13.28. 1,004,127 shares of the stock traded hands, compared to its average volume of 778,387. The company has a market cap of $1.88 billion, a price-to-earnings ratio of 73.80, 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. Utz Brands, Inc. has a 12 month low of $12.71 and a 12 month high of $20.04. The company has a fifty day moving average price of $13.70 and a 200-day moving average price of $15.83.

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Utz Brands (NYSE:UTZ - Get Free Report) last issued its earnings results on Thursday, February 20th. The company reported $0.22 earnings per share (EPS) for the quarter, topping the consensus estimate 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 analysts' expectations of $349.93 million. During the same period in the prior year, the business earned $0.16 EPS. As a group, research analysts forecast that Utz Brands, Inc. will post 0.85 EPS for the current fiscal year.

Wall Street Analyst Weigh In

Several analysts have commented on the stock. Mizuho decreased their price target 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. DA Davidson decreased their price objective on Utz Brands from $18.00 to $16.00 and set a "neutral" rating on the stock in a research report on Monday, February 24th. Piper Sandler dropped their price target on shares of Utz Brands from $24.00 to $20.00 and set an "overweight" rating for the company in a research note on Thursday, January 16th. TD Cowen dropped their target price 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. Finally, Barclays cut their target price on Utz Brands from $19.00 to $17.00 and set an "overweight" rating on the stock in a research note on Friday, January 17th. One equities research analyst has rated the stock with a hold rating and seven have issued a buy rating to the company's stock. According to MarketBeat, the stock has an average rating of "Moderate Buy" and an average price target of $19.25.

Insider Buying and Selling at Utz Brands

In other news, insider Cc Collier Holdings, Llc sold 496,038 shares of the firm's stock in a transaction on Thursday, March 6th. The stock was sold at an average price of $13.40, for a total value of $6,646,909.20. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO Howard A. Friedman bought 3,525 shares of the company's stock in a transaction that occurred on Monday, February 24th. The shares were acquired at an average price of $14.16 per share, for a total transaction 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. 17.00% of the stock is owned by insiders.

Utz Brands 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.