41,602 Shares in Utz Brands, Inc. $UTZ Purchased by Fox Run Management L.L.C.

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 stake in Utz Brands, Inc. (NYSE:UTZ - Free Report) in the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor acquired 41,602 shares of the company's stock, valued at approximately $586,000.

Other large investors have also added to or reduced their stakes in the company. Vanguard Group Inc. grew its holdings in Utz Brands by 7.2% during the 1st quarter. Vanguard Group Inc. now owns 7,439,869 shares of the company's stock worth $104,753,000 after acquiring an additional 501,374 shares during the last quarter. Ameriprise Financial Inc. lifted its holdings in shares of Utz Brands by 20.5% during the fourth quarter. Ameriprise Financial Inc. now owns 4,110,873 shares of the company's stock worth $64,376,000 after purchasing an additional 698,589 shares during the period. GW&K Investment Management LLC grew its stake in shares of Utz Brands by 19.7% in the first quarter. GW&K Investment Management LLC now owns 1,531,986 shares of the company's stock worth $21,570,000 after purchasing an additional 252,165 shares during the last quarter. Jennison Associates LLC increased its holdings in Utz Brands by 1.5% in the first quarter. Jennison Associates LLC now owns 1,520,759 shares of the company's stock valued at $21,412,000 after purchasing an additional 22,364 shares during the period. Finally, Dimensional Fund Advisors LP increased its holdings in Utz Brands by 9.1% in the fourth quarter. Dimensional Fund Advisors LP now owns 1,400,014 shares of the company's stock valued at $21,923,000 after purchasing an additional 116,376 shares during the period. Institutional investors own 95.97% of the company's stock.

Utz Brands Stock Up 3.1%

NYSE:UTZ traded up $0.4020 during trading hours on Friday, reaching $13.3020. The company had a trading volume of 417,142 shares, compared to its average volume of 1,188,685. Utz Brands, Inc. has a twelve month low of $11.53 and a twelve month 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 has a market cap of $1.88 billion, a price-to-earnings ratio of 63.36, a P/E/G ratio of 1.75 and a beta of 1.17. The business's 50-day simple moving average is $13.34 and its two-hundred day simple moving average is $13.35.

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

Utz Brands Increases Dividend

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

Analyst Ratings Changes

Several brokerages have recently weighed in on UTZ. DA Davidson raised Utz Brands from a "neutral" rating to a "buy" rating and set a $16.00 price target for the company in a research note on Thursday, April 24th. UBS Group increased their target price on shares of Utz Brands from $13.50 to $15.00 and gave the company a "neutral" rating in a research report on Thursday, July 17th. Finally, Barclays lowered their price target on shares of Utz Brands from $17.00 to $16.00 and set an "overweight" rating for the company in a report on Friday, June 27th. Five investment analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company's stock. According to data from MarketBeat.com, Utz Brands presently has a consensus rating of "Moderate Buy" and a consensus target price of $17.29.

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.