496,423 Shares in Utz Brands, Inc. $UTZ Bought by Nuveen LLC

Key Points

• Nuveen LLC has acquired 496,423 shares of Utz Brands, Inc., valued at approximately $6.99 million, representing a 0.35% ownership in the company at the end of the last quarter.
• Analysts have given Utz Brands a consensus rating of "Moderate Buy" with an average price target of $17.29, despite Barclays lowering their price target to $16.00.
• Utz Brands recently declared a dividend of $0.061 per share, marking an increase from its previous dividend and implying a yield of 1.8%.

Nuveen LLC bought a new position in shares of Utz Brands, Inc. (NYSE:UTZ - Free Report) during the first quarter, according to its most recent Form 13F filing with the SEC. The fund bought 496,423 shares of the company's stock, valued at approximately $6,990,000. Nuveen LLC owned about 0.35% of Utz Brands at the end of the most recent quarter.

A number of other institutional investors have also made changes to their positions in the business. First Horizon Advisors Inc. grew its holdings in Utz Brands by 44.8% in the 1st quarter. First Horizon Advisors Inc. now owns 7,887 shares of the company's stock valued at $111,000 after buying an additional 2,441 shares in the last quarter. Tower Research Capital LLC TRC grew its holdings in Utz Brands by 112.7% in the 4th quarter. Tower Research Capital LLC TRC now owns 7,697 shares of the company's stock valued at $121,000 after buying an additional 4,078 shares in the last quarter. Teacher Retirement System of Texas acquired a new position in Utz Brands in the 1st quarter valued at $144,000. Parallel Advisors LLC grew its holdings in Utz Brands by 38.9% in the 1st quarter. Parallel Advisors LLC now owns 12,904 shares of the company's stock valued at $182,000 after buying an additional 3,616 shares in the last quarter. Finally, Freestone Grove Partners LP acquired a new position in Utz Brands in the 4th quarter valued at $183,000. 95.97% of the stock is owned by institutional investors and hedge funds.

Utz Brands Price Performance

Shares of UTZ traded down $0.00 during trading hours on Friday, hitting $13.41. 570,762 shares of the company were exchanged, compared to its average volume of 893,110. The company has a market cap of $1.90 billion, a price-to-earnings ratio of 63.84, a P/E/G ratio of 1.80 and a beta of 1.17. Utz Brands, Inc. has a fifty-two week low of $11.53 and a fifty-two week high of $18.89. The company has a quick ratio of 0.87, a current ratio of 1.29 and a debt-to-equity ratio of 0.62. The firm's fifty day moving average is $13.36 and its 200 day moving average is $13.34.

Utz Brands (NYSE:UTZ - Get Free Report) last released its earnings results on Thursday, July 31st. The company reported $0.17 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.19 by ($0.02). The company had revenue of $366.70 million for the quarter, compared to analyst estimates of $360.55 million. Utz Brands had a return on equity of 7.81% and a net margin of 1.27%.The business's revenue for the quarter was up 2.9% compared to the same quarter last year. During the same period last year, the company posted $0.19 earnings per share. Utz Brands has set its FY 2025 guidance at 0.820-0.850 EPS. On average, equities analysts anticipate that Utz Brands, Inc. will post 0.85 earnings per share for the current fiscal year.

Utz Brands Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, July 3rd. Stockholders of record on Monday, June 16th were issued a dividend of $0.061 per share. This is an increase from Utz Brands's previous quarterly dividend of $0.01. The ex-dividend date of this dividend was Monday, June 16th. This represents a $0.24 annualized dividend and a dividend yield of 1.8%. Utz Brands's payout ratio is currently 114.29%.

Wall Street Analysts Forecast Growth

A number of research analysts have commented on UTZ shares. Barclays decreased their price objective on Utz Brands from $17.00 to $16.00 and set an "overweight" rating on the stock in a report on Friday, June 27th. UBS Group upped their price objective on Utz Brands from $13.50 to $15.00 and gave the company a "neutral" rating in a report on Thursday, July 17th. Five investment analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company. According to data from MarketBeat.com, the company has an average rating of "Moderate Buy" and an average price target of $17.29.

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.