Northern Trust Corp Increases Stock Holdings in Utz Brands, Inc. $UTZ

Key Points

• Northern Trust Corp increased its stake in Utz Brands, Inc. by 5.1%, now owning 1,034,056 shares valued at approximately $14.6 million.
• Utz Brands reported quarterly earnings of $0.17 per share, missing estimates and showing a 2.9% year-over-year revenue increase to $366.7 million.
• Five analysts have rated the stock as a Buy, with a current consensus target price of $17.29.

Northern Trust Corp raised its stake in Utz Brands, Inc. (NYSE:UTZ - Free Report) by 5.1% during the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 1,034,056 shares of the company's stock after purchasing an additional 50,433 shares during the period. Northern Trust Corp owned 0.73% of Utz Brands worth $14,560,000 as of its most recent SEC filing.

Several other hedge funds also recently added to or reduced their stakes in UTZ. Raymond James Financial Inc. purchased a new position in Utz Brands in the fourth quarter valued at approximately $339,000. Dimensional Fund Advisors LP increased its stake 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 last quarter. Tower Research Capital LLC TRC increased its stake in Utz Brands by 112.7% in the fourth quarter. Tower Research Capital LLC TRC now owns 7,697 shares of the company's stock valued at $121,000 after purchasing an additional 4,078 shares during the last quarter. Price T Rowe Associates Inc. MD increased its stake in Utz Brands by 7.1% in the fourth quarter. Price T Rowe Associates Inc. MD now owns 62,867 shares of the company's stock valued at $985,000 after purchasing an additional 4,176 shares during the last quarter. Finally, Ameriprise Financial Inc. increased its stake in Utz Brands by 20.5% in the fourth quarter. Ameriprise Financial Inc. now owns 4,110,873 shares of the company's stock valued at $64,376,000 after purchasing an additional 698,589 shares during the last quarter. 95.97% of the stock is currently owned by hedge funds and other institutional investors.

Utz Brands Stock Performance

NYSE:UTZ opened at $13.39 on Thursday. The firm's fifty day moving average price is $13.40 and its 200 day moving average price is $13.34. 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. The firm has a market cap of $1.89 billion, a price-to-earnings ratio of 63.74, a price-to-earnings-growth ratio of 1.80 and a beta of 1.03.

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 for the quarter, missing analysts' consensus estimates of $0.19 by ($0.02). Utz Brands had a net margin of 1.27% and a return on equity of 7.81%. The firm had revenue of $366.70 million during the quarter, compared to analysts' expectations of $360.55 million. During the same quarter last year, the business earned $0.19 earnings per share. The business's quarterly 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, sell-side analysts expect that Utz Brands, Inc. will post 0.85 EPS for the current year.

Analyst Upgrades and Downgrades

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

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.

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