Fox Run Management L.L.C. Invests $586,000 in Utz Brands, Inc. $UTZ

Key Points

• Fox Run Management L.L.C. purchased 41,602 shares of Utz Brands, Inc. for approximately $586,000, marking a new investment position in the company.
• Utz Brands reported earnings of $0.17 per share for the last quarter, missing expectations, while their revenue grew 2.9% year-over-year to $366.70 million.
• The company recently increased its dividend to $0.061 per share, representing a 1.9% yield, up from a previous quarterly dividend of $0.01.

Fox Run Management L.L.C. acquired a new position in Utz Brands, Inc. (NYSE:UTZ - Free Report) during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The fund acquired 41,602 shares of the company's stock, valued at approximately $586,000.

Several other institutional investors also recently bought and sold shares of the company. Boston Partners boosted its holdings in Utz Brands by 37.4% in the 1st quarter. Boston Partners now owns 1,216,802 shares of the company's stock worth $17,002,000 after buying an additional 331,486 shares during the last quarter. Caitong International Asset Management Co. Ltd acquired a new stake in Utz Brands in the 1st quarter worth about $32,000. Russell Investments Group Ltd. boosted its holdings in Utz Brands by 11.7% in the 1st quarter. Russell Investments Group Ltd. now owns 57,588 shares of the company's stock worth $811,000 after buying an additional 6,030 shares during the last quarter. HighTower Advisors LLC boosted its holdings in Utz Brands by 47.1% in the 1st quarter. HighTower Advisors LLC now owns 25,643 shares of the company's stock worth $361,000 after buying an additional 8,209 shares during the last quarter. Finally, Nuveen LLC acquired a new stake in Utz Brands in the 1st quarter worth about $6,990,000. 95.97% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

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

Utz Brands Price Performance

Shares of UTZ stock traded up $0.4340 during trading hours on Friday, reaching $13.3340. The company had a trading volume of 773,883 shares, compared to its average volume of 1,080,785. The company has a debt-to-equity ratio of 0.62, a quick ratio of 0.87 and a current ratio of 1.29. The stock has a fifty day moving average of $13.35 and a 200-day moving average of $13.35. The company has a market capitalization of $1.89 billion, a price-to-earnings ratio of 63.50, a PEG ratio of 1.79 and a beta of 1.17. Utz Brands, Inc. has a 12-month low of $11.53 and a 12-month high of $18.89.

Utz Brands (NYSE:UTZ - Get Free Report) last posted its quarterly earnings results 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). The company had revenue of $366.70 million during the quarter, compared to analysts' expectations of $360.55 million. Utz Brands had a net margin of 1.27% and a return on equity of 7.81%. Utz Brands's revenue for the quarter was up 2.9% on a year-over-year basis. During the same quarter last year, the company earned $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 year.

Utz Brands Increases Dividend

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

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.