First Eagle Investment Management LLC Boosts Holdings in Utz Brands, Inc. (NYSE:UTZ)

First Eagle Investment Management LLC boosted its holdings in Utz Brands, Inc. (NYSE:UTZ - Free Report) by 11.5% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 455,946 shares of the company's stock after acquiring an additional 46,919 shares during the quarter. First Eagle Investment Management LLC owned 0.32% of Utz Brands worth $7,405,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in the business. Pathstone Family Office LLC lifted its position in Utz Brands by 0.3% in the 3rd quarter. Pathstone Family Office LLC now owns 300,466 shares of the company's stock valued at $4,035,000 after acquiring an additional 888 shares in the last quarter. First Bank & Trust lifted its position in Utz Brands by 8.7% in the 4th quarter. First Bank & Trust now owns 13,536 shares of the company's stock valued at $220,000 after acquiring an additional 1,083 shares in the last quarter. Personal CFO Solutions LLC lifted its holdings in shares of Utz Brands by 6.7% during the 3rd quarter. Personal CFO Solutions LLC now owns 18,908 shares of the company's stock valued at $254,000 after buying an additional 1,187 shares during the period. Swiss National Bank lifted its holdings in shares of Utz Brands by 1.1% during the 3rd quarter. Swiss National Bank now owns 151,500 shares of the company's stock valued at $2,035,000 after buying an additional 1,600 shares during the period. Finally, SRS Capital Advisors Inc. lifted its holdings in shares of Utz Brands by 120.2% during the 4th quarter. SRS Capital Advisors Inc. now owns 3,464 shares of the company's stock valued at $56,000 after buying an additional 1,891 shares during the period. 95.97% of the stock is owned by institutional investors.

Utz Brands Price Performance

UTZ stock traded down $0.17 during trading on Friday, reaching $18.06. The company's stock had a trading volume of 377,729 shares, compared to its average volume of 897,196. Utz Brands, Inc. has a 1 year low of $11.17 and a 1 year high of $20.04. The company has a quick ratio of 0.95, a current ratio of 1.40 and a debt-to-equity ratio of 0.54. The company has a market capitalization of $2.54 billion, a P/E ratio of -72.24, a price-to-earnings-growth ratio of 1.24 and a beta of 0.97. The company's fifty day moving average is $18.13 and its 200-day moving average is $16.68.

Utz Brands (NYSE:UTZ - Get Free Report) last issued its quarterly earnings results on Thursday, May 2nd. The company reported $0.14 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.13 by $0.01. Utz Brands had a positive return on equity of 6.16% and a negative net margin of 1.38%. The business had revenue of $346.50 million during the quarter, compared to analyst estimates of $346.99 million. During the same quarter in the prior year, the business posted $0.11 EPS. Utz Brands's revenue for the quarter was down 1.4% compared to the same quarter last year. On average, research analysts expect that Utz Brands, Inc. will post 0.72 earnings per share for the current fiscal year.

Utz Brands Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, May 2nd. Stockholders of record on Monday, April 15th were given a dividend of $0.059 per share. This is a positive change from Utz Brands's previous quarterly dividend of $0.06. The ex-dividend date was Friday, April 12th. This represents a $0.24 dividend on an annualized basis and a dividend yield of 1.31%. Utz Brands's dividend payout ratio (DPR) is presently -96.00%.

Analysts Set New Price Targets

Several research firms have recently weighed in on UTZ. Mizuho increased their price target on Utz Brands from $22.00 to $24.00 and gave the company a "buy" rating in a report on Friday, May 3rd. Royal Bank of Canada increased their price target on Utz Brands from $19.00 to $23.00 and gave the company an "outperform" rating in a report on Friday, May 3rd. Bank of America raised Utz Brands from a "neutral" rating to a "buy" rating and increased their price target for the company from $19.00 to $22.00 in a report on Thursday, March 14th. Stephens increased their price target on Utz Brands from $21.00 to $23.00 and gave the company an "overweight" rating in a report on Friday, May 3rd. Finally, Piper Sandler raised their target price on Utz Brands from $18.00 to $21.00 and gave the stock an "overweight" rating in a report on Friday, March 1st. Three equities research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the stock. According to data from MarketBeat, Utz Brands has a consensus rating of "Moderate Buy" and an average target price of $20.42.

Insider Activity

In other news, Director Roger K. Deromedi sold 13,377 shares of the firm's stock in a transaction dated Thursday, February 22nd. The stock was sold at an average price of $19.04, for a total transaction of $254,698.08. Following the completion of the transaction, the director now owns 3,426,970 shares in the company, valued at $65,249,508.80. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. In related news, Director Roger K. Deromedi sold 13,377 shares of the stock in a transaction dated Thursday, February 22nd. The shares were sold at an average price of $19.04, for a total value of $254,698.08. Following the completion of the transaction, the director now owns 3,426,970 shares of the company's stock, valued at approximately $65,249,508.80. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, major shareholder Series U. Of Um Partners, Llc sold 446,250 shares of the stock in a transaction dated Monday, March 4th. The shares were sold at an average price of $17.40, for a total transaction of $7,764,750.00. Following the completion of the transaction, the insider now directly owns 397,885 shares of the company's stock, valued at approximately $6,923,199. The disclosure for this sale can be found here. Insiders sold a total of 1,056,666 shares of company stock worth $19,198,269 over the last 90 days. Corporate insiders own 17.00% of the company's stock.

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.