Eisler Capital Management Ltd. Makes New $286,000 Investment in Utz Brands, Inc. $UTZ

Key Points

• Eisler Capital Management Ltd. has made a new investment of approximately $286,000 in Utz Brands, acquiring 20,350 shares in the first quarter.
• Utz Brands recently increased its quarterly dividend to $0.061 per share, resulting in an annualized yield of 1.8% and a significant boost from its previous dividend of $0.01.
• Analysts currently rate Utz Brands with a consensus "Moderate Buy" and an average price target of $17.29, with five analysts rating it as a Buy.

Eisler Capital Management Ltd. purchased a new stake in shares of Utz Brands, Inc. (NYSE:UTZ - Free Report) during the first quarter, according to its most recent 13F filing with the SEC. The institutional investor purchased 20,350 shares of the company's stock, valued at approximately $286,000.

A number of other hedge funds have also bought and sold shares of UTZ. Caitong International Asset Management Co. Ltd purchased a new stake in shares of Utz Brands during the first quarter worth $32,000. First Horizon Advisors Inc. raised its stake in shares of Utz Brands by 44.8% during the 1st quarter. First Horizon Advisors Inc. now owns 7,887 shares of the company's stock valued at $111,000 after purchasing an additional 2,441 shares during the period. Tower Research Capital LLC TRC lifted its holdings in Utz Brands by 112.7% during the 4th quarter. Tower Research Capital LLC TRC now owns 7,697 shares of the company's stock worth $121,000 after purchasing an additional 4,078 shares in the last quarter. Teacher Retirement System of Texas bought a new position in Utz Brands in the 1st quarter worth about $144,000. Finally, Parallel Advisors LLC grew its holdings in Utz Brands by 38.9% during 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. 95.97% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of equities research analysts have recently issued reports on the stock. Barclays lowered their price target on shares of 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 increased their target price on shares of Utz Brands from $13.50 to $15.00 and gave the stock a "neutral" rating in a research note on Thursday, July 17th. Five research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company. According to data from MarketBeat, Utz Brands has a consensus rating of "Moderate Buy" and a consensus target price of $17.29.

Utz Brands Price Performance

UTZ stock traded down $0.20 during midday trading on Tuesday, reaching $13.22. The company had a trading volume of 184,975 shares, compared to its average volume of 1,171,746. The firm has a 50-day moving average price of $13.37 and a 200-day moving average price of $13.34. The company has a market capitalization of $1.87 billion, a P/E ratio of 62.90, a P/E/G ratio of 1.80 and a beta of 1.03. Utz Brands, Inc. has a 1 year low of $11.53 and a 1 year high of $18.89. The company has a debt-to-equity ratio of 0.62, a current ratio of 1.29 and a quick ratio of 0.87.

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

Utz Brands Increases Dividend

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

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.