21,672 Shares in Utz Brands, Inc. (NYSE:UTZ) Bought by Raymond James Financial Inc.

Raymond James Financial Inc. purchased a new position in shares of Utz Brands, Inc. (NYSE:UTZ - Free Report) during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 21,672 shares of the company's stock, valued at approximately $339,000.

A number of other institutional investors and hedge funds also recently bought and sold shares of UTZ. Newton One Investments LLC purchased a new stake in Utz Brands during the fourth quarter worth about $26,000. Venturi Wealth Management LLC purchased a new stake in shares of Utz Brands during the fourth quarter worth approximately $54,000. Moody National Bank Trust Division purchased a new stake in shares of Utz Brands during the fourth quarter worth approximately $169,000. M&T Bank Corp increased its stake in shares of Utz Brands by 18.9% during the fourth quarter. M&T Bank Corp now owns 12,678 shares of the company's stock worth $198,000 after buying an additional 2,011 shares during the period. Finally, Ballentine Partners LLC purchased a new stake in shares of Utz Brands during the fourth quarter worth approximately $220,000. 95.97% of the stock is currently owned by hedge funds and other institutional investors.

Utz Brands Price Performance

NYSE:UTZ traded up $0.29 during trading hours on Thursday, hitting $12.88. The company's stock had a trading volume of 136,759 shares, compared to its average volume of 912,514. The business's 50-day moving average is $13.30 and its two-hundred day moving average is $14.61. The company has a market capitalization of $1.82 billion, a PE ratio of 71.52, a PEG ratio of 0.86 and a beta of 1.20. The company has a debt-to-equity ratio of 0.56, a quick ratio of 0.85 and a current ratio of 1.21. Utz Brands, Inc. has a 52-week low of $11.53 and a 52-week high of $18.89.

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

Utz Brands Cuts Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, April 24th. Investors of record on Monday, April 7th were given a dividend of $0.011 per share. This represents a $0.04 dividend on an annualized basis and a yield of 0.34%. The ex-dividend date was Monday, April 7th. Utz Brands's dividend payout ratio is presently 75.00%.

Analysts Set New Price Targets

A number of research firms recently weighed in on UTZ. DA Davidson upgraded shares of Utz Brands from a "neutral" rating to a "buy" rating and set a $16.00 target price on the stock in a research note on Thursday, April 24th. TD Cowen lowered shares of Utz Brands from a "buy" rating to a "hold" rating and cut their target price for the stock from $17.00 to $15.00 in a research note on Tuesday, April 22nd. Royal Bank of Canada cut their target price on shares of Utz Brands from $23.00 to $20.00 and set an "outperform" rating on the stock in a research note on Monday, February 24th. Mizuho cut their target price on shares of Utz Brands from $21.00 to $19.00 and set an "outperform" rating on the stock in a research note on Monday, February 10th. Finally, Piper Sandler cut their target price on shares of Utz Brands from $24.00 to $20.00 and set an "overweight" rating on the stock in a research note on Thursday, January 16th. Two research analysts have rated the stock with a hold rating and six have issued a buy rating to the company's stock. According to MarketBeat, the company currently has a consensus rating of "Moderate Buy" and an average price target of $17.81.

Insider Buying and Selling

In other news, insider Cc Collier Holdings, Llc sold 496,038 shares of Utz Brands stock in a transaction dated Thursday, March 6th. The stock was sold at an average price of $13.40, for a total value of $6,646,909.20. The transaction was disclosed in a document filed with the SEC, which is available through this link. Also, CEO Howard A. Friedman bought 3,525 shares of the business's stock in a transaction on Monday, February 24th. The stock was acquired at an average cost of $14.16 per share, for a total transaction of $49,914.00. Following the completion of the transaction, the chief executive officer now owns 265,729 shares in the company, valued at $3,762,722.64. This represents a 1.34% increase in their ownership of the stock. The disclosure for this purchase can be found here. In the last quarter, insiders purchased 17,920 shares of company stock worth $224,156. 16.32% of the stock is owned by corporate insiders.

Utz Brands 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.