Utz Brands, Inc. (NYSE:UTZ) Given Consensus Recommendation of "Hold" by Analysts

Key Points

• Analysts maintain a “Hold” consensus on Utz Brands, with nine hold, one sell and one buy rating among 11 firms. The average 12-month price target is $13.39.
• Utz reported quarterly EPS of $0.19, slightly above the $0.18 estimate, while revenue rose 1.4% year over year to $371.8 million but fell short of expectations.
• Institutional investors and hedge funds own 95.97% of the stock, while Utz pays a quarterly dividend of $0.063, equivalent to an annualized yield of about 1.8%.

Utz Brands, Inc. (NYSE:UTZ - Get Free Report) has received a consensus recommendation of "Hold" from the eleven research firms that are currently covering the stock, MarketBeat reports. One investment analyst has rated the stock with a sell recommendation, nine have assigned a hold recommendation and one has given a buy recommendation to the company. The average 12 month price target among analysts that have issued a report on the stock in the last year is $13.3864.

Several research firms have recently weighed in on UTZ. Wall Street Zen downgraded shares of Utz Brands from a "hold" rating to a "sell" rating in a research report on Saturday, July 25th. Zacks Research upgraded shares of Utz Brands from a "strong sell" rating to a "hold" rating in a research report on Monday, April 20th. Piper Sandler reaffirmed a "neutral" rating and issued a $14.25 price objective (up from $10.00) on shares of Utz Brands in a research note on Thursday, July 23rd. Weiss Ratings reiterated a "sell (d)" rating on shares of Utz Brands in a research report on Wednesday, June 24th. Finally, TD Cowen cut their target price on shares of Utz Brands from $11.00 to $9.00 and set a "hold" rating on the stock in a research note on Monday, April 20th.

Institutional Trading of Utz Brands

Several institutional investors have recently made changes to their positions in the stock. NewEdge Advisors LLC acquired a new position in Utz Brands in the 2nd quarter valued at approximately $25,000. Global Retirement Partners LLC boosted its stake in shares of Utz Brands by 431.5% during the 4th quarter. Global Retirement Partners LLC now owns 3,343 shares of the company's stock valued at $35,000 after buying an additional 2,714 shares during the period. Farther Finance Advisors LLC boosted its stake in shares of Utz Brands by 118.5% during the 4th quarter. Farther Finance Advisors LLC now owns 4,356 shares of the company's stock valued at $45,000 after buying an additional 2,362 shares during the period. Versant Capital Management Inc grew its holdings in shares of Utz Brands by 363.5% during the 2nd quarter. Versant Capital Management Inc now owns 6,086 shares of the company's stock valued at $47,000 after acquiring an additional 4,773 shares in the last quarter. Finally, Osaic Holdings Inc. grew its holdings in shares of Utz Brands by 76.1% during the 2nd quarter. Osaic Holdings Inc. now owns 3,756 shares of the company's stock valued at $47,000 after acquiring an additional 1,623 shares in the last quarter. 95.97% of the stock is currently owned by institutional investors and hedge funds.

Utz Brands Trading Down 0.0%

NYSE:UTZ opened at $14.16 on Monday. The stock has a fifty day simple moving average of $10.00 and a 200 day simple moving average of $8.87. The firm has a market capitalization of $2.04 billion, a price-to-earnings ratio of -42.92 and a beta of 0.73. Utz Brands has a 1-year low of $6.78 and a 1-year high of $14.19. The company has a quick ratio of 0.69, a current ratio of 1.06 and a debt-to-equity ratio of 0.62.

Utz Brands (NYSE:UTZ - Get Free Report) last posted its quarterly earnings data on Wednesday, August 5th. The company reported $0.19 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.18 by $0.01. Utz Brands had a positive return on equity of 8.97% and a negative net margin of 2.00%.The firm had revenue of $371.80 million for the quarter, compared to the consensus estimate of $374.18 million. During the same quarter in the previous year, the company earned $0.17 EPS. The business's revenue for the quarter was up 1.4% compared to the same quarter last year. Sell-side analysts forecast that Utz Brands will post 0.8 earnings per share for the current year.

Utz Brands Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Thursday, July 2nd. Stockholders of record on Monday, June 22nd were given a $0.063 dividend. This represents a $0.25 dividend on an annualized basis and a dividend yield of 1.8%. The ex-dividend date of this dividend was Monday, June 22nd. Utz Brands's dividend payout ratio is -75.76%.

About Utz Brands

Utz Brands, Inc is a leading U.S. manufacturer and distributor of salty snack foods, offering a wide range of products including potato chips, pretzels, cheese snacks, popcorn and tortilla chips. Headquartered in Hanover, Pennsylvania, the company markets its snacks under several well-known brands and serves grocery, mass merchandise, club, convenience and online retailers throughout the United States.

Founded in 1921 by Bill and Salie Utz as a small country store operation, the business expanded gradually through direct delivery to local customers and sales to regional grocers.

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