Utz Brands, Inc. (NYSE:UTZ) Receives $17.81 Consensus PT from Brokerages

Shares of Utz Brands, Inc. (NYSE:UTZ - Get Free Report) have received a consensus rating of "Moderate Buy" from the eight ratings firms that are currently covering the firm, MarketBeat reports. Two equities research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. The average 12 month target price among brokerages that have issued ratings on the stock in the last year is $17.81.

Several equities analysts have weighed in on the company. UBS Group reduced their price objective on Utz Brands from $15.00 to $13.50 and set a "neutral" rating for the company in a report on Friday, May 2nd. Mizuho reduced their target price on shares of Utz Brands from $21.00 to $19.00 and set an "outperform" rating on the stock in a report on Monday, February 10th. DA Davidson raised 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. Royal Bank of Canada dropped their target price on Utz Brands from $23.00 to $20.00 and set an "outperform" rating for the company in a report on Monday, February 24th. Finally, TD Cowen lowered Utz Brands from a "buy" rating to a "hold" rating and dropped their price objective for the company from $17.00 to $15.00 in a research note on Tuesday, April 22nd.

Utz Brands Stock Down 0.3%

UTZ traded down $0.05 during trading hours on Friday, hitting $13.00. 440,031 shares of the company's stock were exchanged, compared to its average volume of 930,042. The company has a quick ratio of 0.85, a current ratio of 1.21 and a debt-to-equity ratio of 0.56. The stock's 50-day moving average is $13.13 and its two-hundred day moving average is $14.31. The stock has a market cap of $1.84 billion, a price-to-earnings ratio of 72.15, a PEG ratio of 0.86 and a beta of 1.20. Utz Brands has a 1-year low of $11.53 and a 1-year high of $18.89.

Utz Brands (NYSE:UTZ - Get Free Report) last posted its quarterly earnings results on Thursday, May 1st. The company reported $0.16 EPS for the quarter, meeting 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 return on equity of 7.92% and a net margin of 1.13%. Utz Brands's revenue for the quarter was up 1.6% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.14 earnings per share. Sell-side analysts predict that Utz Brands will post 0.85 earnings per share for the current fiscal year.

Utz Brands Cuts Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, April 24th. Shareholders of record on Monday, April 7th were issued a dividend of $0.011 per share. The ex-dividend date of this dividend was Monday, April 7th. This represents a $0.04 annualized dividend and a yield of 0.34%. Utz Brands's dividend payout ratio (DPR) is 75.00%.

Insider Buying and Selling at Utz Brands

In other Utz Brands news, Director William Jr. Werzyn purchased 8,000 shares of the business's stock in a transaction on Wednesday, May 7th. The stock was bought at an average cost of $11.81 per share, for a total transaction of $94,480.00. Following the acquisition, the director now owns 22,970 shares of the company's stock, valued at approximately $271,275.70. The trade was a 53.44% increase in their position. The acquisition was disclosed in a legal filing with the SEC, which is available at this link. Also, insider Cc Collier Holdings, Llc sold 496,038 shares of the business's stock in a transaction that occurred 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. 16.32% of the stock is owned by insiders.

Institutional Investors Weigh In On Utz Brands

Several large investors have recently made changes to their positions in UTZ. Advisors Capital Management LLC raised its position in shares of Utz Brands by 48.2% during the 1st quarter. Advisors Capital Management LLC now owns 214,686 shares of the company's stock worth $3,023,000 after buying an additional 69,796 shares in the last quarter. Focus Partners Wealth lifted its position in Utz Brands by 0.4% in the first quarter. Focus Partners Wealth now owns 596,881 shares of the company's stock worth $8,404,000 after purchasing an additional 2,621 shares during the period. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC increased its position in shares of Utz Brands by 36.4% during the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 196,013 shares of the company's stock valued at $2,760,000 after purchasing an additional 52,285 shares during the period. Goldman Sachs Group Inc. raised its stake in shares of Utz Brands by 40.8% in the 1st quarter. Goldman Sachs Group Inc. now owns 2,022,709 shares of the company's stock worth $28,480,000 after buying an additional 585,952 shares in the last quarter. Finally, NFJ Investment Group LLC lifted its stake in Utz Brands by 13.7% during the first quarter. NFJ Investment Group LLC now owns 104,726 shares of the company's stock valued at $1,475,000 after purchasing an additional 12,595 shares during the last quarter. Institutional investors and hedge funds 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.