Mizuho Increases Utz Brands (NYSE:UTZ) Price Target to $22.00

Utz Brands (NYSE:UTZ - Get Free Report) had its price target hoisted by investment analysts at Mizuho from $19.00 to $22.00 in a report released on Wednesday, Benzinga reports. The brokerage presently has a "buy" rating on the stock. Mizuho's target price would indicate a potential upside of 26.55% from the stock's current price.

Several other research analysts have also recently weighed in on UTZ. Needham & Company LLC boosted their price target on Utz Brands from $20.00 to $20.50 and gave the stock a "buy" rating in a research note on Friday, March 1st. DA Davidson began coverage on Utz Brands in a research note on Friday, March 1st. They issued a "neutral" rating and a $20.00 price target for the company. Truist Financial boosted their price target on Utz Brands from $13.00 to $17.00 and gave the stock a "hold" rating in a research note on Monday, March 4th. Royal Bank of Canada boosted their price target on Utz Brands from $17.00 to $19.00 and gave the stock an "outperform" rating in a research note on Monday, December 18th. Finally, Bank of America upgraded Utz Brands from a "neutral" rating to a "buy" rating and boosted their price target for the stock from $19.00 to $22.00 in a research note on Thursday, March 14th. Three investment analysts have rated the stock with a hold rating and nine have issued a buy rating to the stock. According to MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and an average price target of $18.63.

Utz Brands Stock Down 4.6 %

Utz Brands stock traded down $0.84 during mid-day trading on Wednesday, hitting $17.39. The company had a trading volume of 776,267 shares, compared to its average volume of 830,564. The company has a current ratio of 1.42, a quick ratio of 0.97 and a debt-to-equity ratio of 0.65. The stock's 50 day moving average price is $18.20 and its two-hundred day moving average price is $15.44. Utz Brands has a 12 month low of $11.17 and a 12 month high of $19.21. The company has a market capitalization of $2.45 billion, a PE ratio of -58.77, a price-to-earnings-growth ratio of 1.68 and a beta of 0.97.

Utz Brands (NYSE:UTZ - Get Free Report) last released its earnings results on Thursday, February 29th. The company reported $0.16 EPS for the quarter, missing the consensus estimate of $0.17 by ($0.01). Utz Brands had a positive return on equity of 6.08% and a negative net margin of 1.73%. The company had revenue of $352.10 million during the quarter, compared to the consensus estimate of $354.63 million. During the same period last year, the firm posted $0.15 earnings per share. The company's revenue was down .7% compared to the same quarter last year. As a group, sell-side analysts anticipate that Utz Brands will post 0.67 earnings per share for the current fiscal year.

Insider Activity at Utz Brands

In other Utz Brands news, major shareholder Series U. Of Um Partners, Llc sold 446,250 shares of the company's stock in a transaction dated Monday, March 4th. The stock was sold at an average price of $17.40, for a total value of $7,764,750.00. Following the completion of the sale, the insider now owns 397,885 shares in the company, valued at $6,923,199. The sale was disclosed in a document filed with the SEC, which is accessible through this link. In other Utz Brands news, Director Roger K. Deromedi sold 3,785 shares of the company's stock in a transaction dated Monday, February 26th. The stock was sold at an average price of $19.13, for a total value of $72,407.05. Following the completion of the sale, the director now owns 3,399,470 shares in the company, valued at $65,031,861.10. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Also, major shareholder Series U. Of Um Partners, Llc sold 446,250 shares of the company's stock in a transaction dated Monday, March 4th. The stock was sold at an average price of $17.40, for a total value of $7,764,750.00. Following the completion of the sale, the insider now owns 397,885 shares of the company's stock, valued at approximately $6,923,199. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 609,181 shares of company stock worth $10,754,925. 17.00% of the stock is owned by insiders.

Institutional Trading of Utz Brands

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Rockefeller Capital Management L.P. boosted its stake in shares of Utz Brands by 696.3% in the first quarter. Rockefeller Capital Management L.P. now owns 1,047,313 shares of the company's stock worth $17,248,000 after acquiring an additional 915,784 shares during the period. BlackRock Inc. boosted its stake in shares of Utz Brands by 14.3% in the second quarter. BlackRock Inc. now owns 4,868,901 shares of the company's stock worth $79,655,000 after acquiring an additional 610,455 shares during the period. Gratus Capital LLC bought a new position in shares of Utz Brands in the third quarter worth about $6,468,000. Renaissance Technologies LLC boosted its stake in shares of Utz Brands by 597.5% in the second quarter. Renaissance Technologies LLC now owns 549,300 shares of the company's stock worth $7,591,000 after acquiring an additional 470,551 shares during the period. Finally, Readystate Asset Management LP bought a new position in Utz Brands during the fourth quarter valued at approximately $7,302,000. Hedge funds and other institutional investors own 95.97% of the company's stock.

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.