Utz Brands, Inc. (NYSE:UTZ) Receives $17.81 Average Price Target from Analysts

Utz Brands, Inc. (NYSE:UTZ - Get Free Report) has been assigned a consensus rating of "Moderate Buy" from the eight analysts that are presently covering the firm, Marketbeat.com reports. Two analysts have rated the stock with a hold recommendation and six have given a buy recommendation to the company. The average 1 year price objective among analysts that have issued ratings on the stock in the last year is $17.81.

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

Insider Activity

In other Utz Brands news, insider Cc Collier Holdings, Llc sold 496,038 shares of the stock in a transaction dated Thursday, March 6th. The shares were sold at an average price of $13.40, for a total transaction of $6,646,909.20. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Also, Director William Jr. Werzyn acquired 8,000 shares of the business's stock in a transaction dated Wednesday, May 7th. The stock was acquired at an average cost of $11.81 per share, for a total transaction of $94,480.00. Following the transaction, the director now owns 22,970 shares of the company's stock, valued at $271,275.70. This represents a 53.44% 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 Trading of Utz Brands

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Newton One Investments LLC bought a new stake in Utz Brands in the 4th quarter valued at about $26,000. Caitong International Asset Management Co. Ltd purchased a new stake in Utz Brands in the first quarter worth $32,000. Venturi Wealth Management LLC bought a new stake in Utz Brands during the fourth quarter valued at about $54,000. First Horizon Advisors Inc. raised its stake in shares of Utz Brands by 44.8% in the first quarter. First Horizon Advisors Inc. now owns 7,887 shares of the company's stock worth $111,000 after purchasing an additional 2,441 shares during the last quarter. Finally, Tower Research Capital LLC TRC boosted its stake in shares of Utz Brands by 112.7% in the fourth quarter. Tower Research Capital LLC TRC now owns 7,697 shares of the company's stock worth $121,000 after acquiring an additional 4,078 shares during the last quarter. Institutional investors and hedge funds own 95.97% of the company's stock.

Utz Brands Stock Performance

Shares of NYSE:UTZ traded up $0.13 on Friday, reaching $13.13. 846,813 shares of the company's stock were exchanged, compared to its average volume of 934,016. The firm has a market capitalization of $1.86 billion, a price-to-earnings ratio of 72.97, a PEG ratio of 0.86 and a beta of 1.20. Utz Brands has a fifty-two week low of $11.53 and a fifty-two week high of $18.89. The business's 50-day moving average is $13.10 and its two-hundred day moving average is $14.27. 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 released its quarterly earnings data 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 for the quarter, compared to analysts' expectations of $345.44 million. Utz Brands had a net margin of 1.13% and a return on equity of 7.92%. The company's revenue for the quarter was up 1.6% compared to the same quarter last year. During the same quarter last year, the company earned $0.14 EPS. As a group, equities research analysts forecast that Utz Brands will post 0.85 EPS for the current year.

Utz Brands Cuts Dividend

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

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.