Utz Brands (NYSE:UTZ) Price Target Raised to $15.00

Utz Brands (NYSE:UTZ - Get Free Report) had its target price boosted by equities research analysts at UBS Group from $13.50 to $15.00 in a report released on Thursday,Benzinga reports. The brokerage currently has a "neutral" rating on the stock. UBS Group's target price would suggest a potential upside of 6.61% from the stock's previous close.

A number of other equities analysts have also commented on the company. DA Davidson raised Utz Brands from a "neutral" rating to a "buy" rating and set a $16.00 price target for the company in a research note on Thursday, April 24th. Barclays lowered their price objective on Utz Brands from $17.00 to $16.00 and set an "overweight" rating for the company in a research note on Friday, June 27th. Finally, TD Cowen lowered Utz Brands from a "buy" rating to a "hold" rating and lowered their price objective for the company from $17.00 to $15.00 in a research note on Tuesday, April 22nd. Two research analysts have rated the stock with a hold rating and six have given a buy rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and a consensus price target of $17.88.

Utz Brands Price Performance

Shares of NYSE UTZ traded down $0.04 during mid-day trading on Thursday, reaching $14.07. The company's stock had a trading volume of 838,312 shares, compared to its average volume of 985,862. The firm has a market capitalization of $1.99 billion, a PE ratio of 43.97, a P/E/G ratio of 1.66 and a beta of 1.14. The company has a debt-to-equity ratio of 0.61, a current ratio of 1.32 and a quick ratio of 0.91. The stock has a fifty day moving average of $13.11 and a two-hundred day moving average of $13.45. Utz Brands 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 EPS for the quarter, meeting analysts' consensus estimates of $0.16. Utz Brands had a return on equity of 8.05% and a net margin of 1.94%. The company had revenue of $352.08 million during the quarter, compared to analyst estimates of $345.44 million. During the same period in the prior year, the company earned $0.14 earnings per share. The firm's revenue was up 1.6% on a year-over-year basis. As a group, sell-side analysts anticipate that Utz Brands will post 0.85 EPS for the current fiscal year.

Insider Buying and Selling at Utz Brands

In other news, Director William Jr. Werzyn acquired 8,000 shares of Utz Brands stock in a transaction on Wednesday, May 7th. The shares were bought at an average cost of $11.81 per share, for a total transaction of $94,480.00. Following the acquisition, the director directly owned 22,970 shares of the company's stock, valued at $271,275.70. This trade represents a 53.44% increase in their position. The purchase was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, Director Timothy Brown acquired 5,000 shares of Utz Brands stock in a transaction on Monday, May 5th. The shares were purchased at an average price of $11.96 per share, for a total transaction of $59,800.00. Following the completion of the acquisition, the director directly owned 67,573 shares in the company, valued at $808,173.08. This trade represents a 7.99% increase in their ownership of the stock. The disclosure for this purchase can be found here. Company insiders own 16.32% of the company's stock.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently made changes to their positions in the stock. Charles Schwab Investment Management Inc. boosted its position in shares of Utz Brands by 1.0% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 576,730 shares of the company's stock worth $9,032,000 after purchasing an additional 5,569 shares in the last quarter. Raymond James Financial Inc. acquired a new stake in shares of Utz Brands in the 4th quarter worth $339,000. Swiss National Bank boosted its position in shares of Utz Brands by 1.5% in the 4th quarter. Swiss National Bank now owns 138,000 shares of the company's stock worth $2,161,000 after purchasing an additional 2,100 shares in the last quarter. Boston Partners boosted its position in shares of Utz Brands by 3.5% in the 4th quarter. Boston Partners now owns 885,316 shares of the company's stock worth $13,422,000 after purchasing an additional 30,156 shares in the last quarter. Finally, American Century Companies Inc. boosted its position in shares of Utz Brands by 8.4% in the 4th quarter. American Century Companies Inc. now owns 88,099 shares of the company's stock worth $1,380,000 after purchasing an additional 6,824 shares in the last quarter. 95.97% of the stock is currently owned by hedge funds and other institutional investors.

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.