Schonfeld Strategic Advisors LLC Sells 64,788 Shares of Utz Brands, Inc. (NYSE:UTZ)

Schonfeld Strategic Advisors LLC decreased its position in Utz Brands, Inc. (NYSE:UTZ - Free Report) by 74.7% in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 21,900 shares of the company's stock after selling 64,788 shares during the period. Schonfeld Strategic Advisors LLC's holdings in Utz Brands were worth $343,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently made changes to their positions in the company. JPMorgan Chase & Co. boosted its stake in Utz Brands by 14.9% in the 4th quarter. JPMorgan Chase & Co. now owns 7,923,292 shares of the company's stock worth $124,079,000 after purchasing an additional 1,025,656 shares during the period. Champlain Investment Partners LLC raised its holdings in Utz Brands by 13.5% in the 4th quarter. Champlain Investment Partners LLC now owns 5,208,402 shares of the company's stock valued at $81,564,000 after acquiring an additional 620,196 shares during the period. Dimensional Fund Advisors LP raised its holdings in Utz Brands by 9.1% in the 4th quarter. Dimensional Fund Advisors LP now owns 1,400,014 shares of the company's stock valued at $21,923,000 after acquiring an additional 116,376 shares during the period. Barclays PLC raised its holdings in Utz Brands by 21.4% in the 3rd quarter. Barclays PLC now owns 555,477 shares of the company's stock valued at $9,831,000 after acquiring an additional 97,767 shares during the period. Finally, Renaissance Technologies LLC bought a new position in Utz Brands in the 4th quarter valued at about $1,254,000. Institutional investors and hedge funds own 95.97% of the company's stock.

Insider Buying and Selling at Utz Brands

In other Utz Brands news, CEO Howard A. Friedman purchased 3,525 shares of the stock in a transaction dated Monday, February 24th. The shares were bought at an average price of $14.16 per share, with a total value of $49,914.00. Following the completion of the transaction, the chief executive officer now directly owns 265,729 shares in the company, valued at approximately $3,762,722.64. This trade represents a 1.34% increase in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, insider Cc Collier Holdings, Llc sold 496,038 shares of the company's stock in a transaction on Thursday, March 6th. The shares were sold at an average price of $13.40, for a total transaction of $6,646,909.20. The disclosure for this sale can be found here. Insiders have purchased a total of 17,920 shares of company stock worth $224,156 over the last three months. 16.32% of the stock is currently owned by insiders.

Analysts Set New Price Targets

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

Utz Brands Trading Up 0.8%

Shares of UTZ stock traded up $0.10 during trading hours on Friday, hitting $12.96. 985,174 shares of the company's stock traded hands, compared to its average volume of 920,525. The stock's 50 day simple moving average is $13.27 and its 200 day simple moving average is $14.53. The stock has a market cap of $1.83 billion, a PE ratio of 72.02, a price-to-earnings-growth ratio of 0.86 and a beta of 1.20. Utz Brands, Inc. has a 12 month low of $11.53 and a 12 month high of $18.89. The company has a quick ratio of 0.85, a current ratio of 1.21 and a debt-to-equity ratio of 0.56.

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

Utz Brands Cuts Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, April 24th. Shareholders of record on Monday, April 7th were paid a $0.011 dividend. 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 payout ratio is 75.00%.

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.