Utz Brands, Inc. (NYSE:UTZ) Given Consensus Rating of "Moderate Buy" by Brokerages

Key Points

• Utz Brands, Inc. has received an average consensus rating of "Moderate Buy" from seven brokerages, with five analysts recommending buying the stock.
• The company recently announced a quarterly dividend of $0.061 per share, reflecting a 2.0% yield.
• For the current fiscal year, analysts expect Utz Brands to report earnings per share of $0.85, slightly below the previous year's $0.19 EPS.

Utz Brands, Inc. (NYSE:UTZ - Get Free Report) has earned an average rating of "Moderate Buy" from the seven ratings firms that are presently covering the company, Marketbeat reports. Two research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. The average 1-year target price among analysts that have covered the stock in the last year is $17.2857.

Several brokerages have recently commented on UTZ. Barclays decreased their price target on Utz Brands from $17.00 to $16.00 and set an "overweight" rating on the stock in a research note on Friday, June 27th. UBS Group upped their price target on Utz Brands from $13.50 to $15.00 and gave the company a "neutral" rating in a research note on Thursday, July 17th.

Insider Transactions at Utz Brands

In related news, Director Christina Choi sold 5,703 shares of the stock in a transaction dated Thursday, September 4th. The stock was sold at an average price of $13.63, for a total transaction of $77,731.89. Following the transaction, the director owned 33,710 shares of the company's stock, valued at approximately $459,467.30. This represents a 14.47% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders own 16.32% of the company's stock.

Hedge Funds Weigh In On Utz Brands

Several hedge funds have recently bought and sold shares of the company. Ameritas Investment Partners Inc. lifted its stake in Utz Brands by 16.1% during the 2nd quarter. Ameritas Investment Partners Inc. now owns 7,394 shares of the company's stock worth $93,000 after acquiring an additional 1,023 shares in the last quarter. Orion Porfolio Solutions LLC increased its holdings in Utz Brands by 1.0% during the 2nd quarter. Orion Porfolio Solutions LLC now owns 109,921 shares of the company's stock worth $1,380,000 after purchasing an additional 1,137 shares during the period. Simon Quick Advisors LLC increased its holdings in Utz Brands by 9.7% during the 1st quarter. Simon Quick Advisors LLC now owns 15,967 shares of the company's stock worth $225,000 after purchasing an additional 1,411 shares during the period. Harbor Investment Advisory LLC increased its holdings in Utz Brands by 37.6% during the 2nd quarter. Harbor Investment Advisory LLC now owns 5,481 shares of the company's stock worth $69,000 after purchasing an additional 1,497 shares during the period. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its holdings in Utz Brands by 4.5% during the 4th quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 37,280 shares of the company's stock worth $584,000 after purchasing an additional 1,596 shares during the period. Institutional investors and hedge funds own 95.97% of the company's stock.

Utz Brands Stock Performance

NYSE UTZ opened at $12.07 on Friday. The stock's fifty day moving average is $13.27 and its two-hundred day moving average is $13.24. The firm has a market capitalization of $1.71 billion, a P/E ratio of 57.45, a price-to-earnings-growth ratio of 1.67 and a beta of 1.03. The company has a debt-to-equity ratio of 0.62, a quick ratio of 0.87 and a current ratio of 1.29. Utz Brands has a fifty-two week low of $11.53 and a fifty-two week high of $18.29.

Utz Brands (NYSE:UTZ - Get Free Report) last released its quarterly earnings data on Thursday, July 31st. The company reported $0.17 earnings per share for the quarter, missing analysts' consensus estimates of $0.19 by ($0.02). The company had revenue of $366.70 million for the quarter, compared to analyst estimates of $360.55 million. Utz Brands had a return on equity of 7.81% and a net margin of 1.27%.The business's quarterly revenue was up 2.9% on a year-over-year basis. During the same period last year, the firm posted $0.19 EPS. Utz Brands has set its FY 2025 guidance at 0.820-0.850 EPS. On average, research analysts anticipate that Utz Brands will post 0.85 earnings per share for the current year.

Utz Brands Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, October 2nd. Investors of record on Monday, September 15th will be paid a dividend of $0.061 per share. The ex-dividend date of this dividend is Monday, September 15th. This represents a $0.24 annualized dividend and a yield of 2.0%. Utz Brands's dividend payout ratio is presently 114.29%.

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.

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