Jane Street Group LLC Sells 69,295 Shares of Utz Brands, Inc. (NYSE:UTZ)

Jane Street Group LLC lowered its stake in Utz Brands, Inc. (NYSE:UTZ - Free Report) by 46.9% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 78,603 shares of the company's stock after selling 69,295 shares during the quarter. Jane Street Group LLC owned about 0.06% of Utz Brands worth $1,231,000 at the end of the most recent quarter.

Other institutional investors have also bought and sold shares of the company. Victory Capital Management Inc. lifted its holdings in Utz Brands by 2.5% in the fourth quarter. Victory Capital Management Inc. now owns 1,510,472 shares of the company's stock worth $23,654,000 after purchasing an additional 36,425 shares during the period. Barclays PLC lifted its holdings in Utz Brands by 21.4% in the third quarter. Barclays PLC now owns 555,477 shares of the company's stock worth $9,831,000 after purchasing an additional 97,767 shares during the period. Boston Partners lifted its holdings in Utz Brands by 3.5% in the fourth quarter. Boston Partners now owns 885,316 shares of the company's stock worth $13,422,000 after purchasing an additional 30,156 shares during the period. Wells Fargo & Company MN lifted its holdings in Utz Brands by 15.2% in the 4th quarter. Wells Fargo & Company MN now owns 152,620 shares of the company's stock valued at $2,390,000 after acquiring an additional 20,164 shares during the last quarter. Finally, Raymond James Financial Inc. acquired a new stake in Utz Brands in the 4th quarter valued at about $339,000. Institutional investors and hedge funds own 95.97% of the company's stock.

Wall Street Analyst Weigh In

A number of brokerages have weighed in on UTZ. DA Davidson raised shares of Utz Brands from a "neutral" rating to a "buy" rating and set a $16.00 price target for the company in a report on Thursday, April 24th. Mizuho reduced their price objective on shares of Utz Brands from $21.00 to $19.00 and set an "outperform" rating for the company in a research note on Monday, February 10th. Royal Bank of Canada reduced their price objective on shares of Utz Brands from $23.00 to $20.00 and set an "outperform" rating for the company in a research note on Monday, February 24th. TD Cowen lowered shares of Utz Brands from a "buy" rating to a "hold" rating and reduced their price objective for the company from $17.00 to $15.00 in a research note on Tuesday, April 22nd. Finally, UBS Group reduced their price objective on shares of Utz Brands from $15.00 to $13.50 and set a "neutral" rating for the company in a research note on Friday, May 2nd. Two investment analysts have rated the stock with a hold rating and six have issued a buy rating to the company. According to data from MarketBeat, the company has a consensus rating of "Moderate Buy" and a consensus price target of $17.81.

Insider Transactions at Utz Brands

In other Utz Brands news, insider Cc Collier Holdings, Llc sold 496,038 shares of the business's stock in a transaction dated Thursday, March 6th. The stock was sold at an average price of $13.40, for a total transaction of $6,646,909.20. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, Director Timothy Brown acquired 5,000 shares of the company's stock in a transaction on Monday, May 5th. The shares were purchased at an average cost of $11.96 per share, with a total value of $59,800.00. Following the completion of the acquisition, the director now directly owns 67,573 shares in the company, valued at approximately $808,173.08. The trade was a 7.99% increase in their position. The disclosure for this purchase can be found here. Over the last quarter, insiders have purchased 14,395 shares of company stock worth $174,242. Insiders own 16.32% of the company's stock.

Utz Brands Stock Up 1.0%

UTZ traded up $0.12 during midday trading on Monday, hitting $12.27. 967,762 shares of the company's stock traded hands, compared to its average volume of 930,175. The company has a market cap of $1.73 billion, a PE ratio of 68.15, a price-to-earnings-growth ratio of 0.86 and a beta of 1.20. The stock's fifty day simple moving average is $13.14 and its 200-day simple moving average is $14.32. The company has a debt-to-equity ratio of 0.56, a current ratio of 1.21 and a quick ratio of 0.85. Utz Brands, Inc. has a one year low of $11.53 and a one year high of $18.89.

Utz Brands (NYSE:UTZ - Get Free Report) last issued its quarterly earnings data on Thursday, May 1st. The company reported $0.16 earnings per share for the quarter, meeting the consensus estimate of $0.16. Utz Brands had a net margin of 1.13% and a return on equity of 7.92%. The firm had revenue of $352.08 million for the quarter, compared to analyst estimates of $345.44 million. During the same quarter last year, the firm earned $0.14 earnings per share. The company's revenue for the quarter was up 1.6% on a year-over-year basis. As a group, equities analysts anticipate that Utz Brands, Inc. will post 0.85 earnings per share for the current fiscal year.

Utz Brands Cuts Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, April 24th. Stockholders of record on Monday, April 7th were paid a $0.011 dividend. The ex-dividend date was Monday, April 7th. This represents a $0.04 annualized dividend and a dividend yield of 0.36%. Utz Brands's payout ratio is 75.00%.

About Utz Brands

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.