Utz Brands, Inc. (NYSE:UTZ) Receives $17.69 Consensus Target Price from Analysts

Utz Brands, Inc. (NYSE:UTZ - Get Free Report) has been assigned an average recommendation of "Moderate Buy" from the eight analysts that are currently covering the stock, Marketbeat Ratings reports. Two analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. The average 12 month price objective among brokers that have issued a report on the stock in the last year is $17.69.

A number of analysts recently weighed in on the company. UBS Group decreased 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. DA Davidson raised shares of Utz Brands from a "neutral" rating to a "buy" rating and set a $16.00 price target on the stock in a research report on Thursday, April 24th. TD Cowen lowered Utz Brands from a "buy" rating to a "hold" rating and decreased their price objective for the stock from $17.00 to $15.00 in a report on Tuesday, April 22nd. Finally, Barclays dropped their target price on Utz Brands from $17.00 to $16.00 and set an "overweight" rating on the stock in a report on Friday, June 27th.

Insiders Place Their Bets

In other Utz Brands news, Director William Jr. Werzyn acquired 8,000 shares of Utz Brands stock in a transaction on Wednesday, May 7th. The stock was purchased at an average price of $11.81 per share, for a total transaction of $94,480.00. Following the purchase, 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 ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, Director Timothy Brown purchased 5,000 shares of the business's stock in a transaction that occurred on Monday, May 5th. The stock was bought at an average cost 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. The trade was a 7.99% increase in their position. The disclosure for this purchase can be found here. Company insiders own 16.32% of the company's stock.

Institutional Trading of Utz Brands

Large investors have recently bought and sold shares of the company. Charles Schwab Investment Management Inc. grew its stake in shares of Utz Brands by 1.0% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 576,730 shares of the company's stock worth $9,032,000 after acquiring an additional 5,569 shares during the period. M&T Bank Corp boosted its holdings in Utz Brands by 18.9% in the 4th quarter. M&T Bank Corp now owns 12,678 shares of the company's stock worth $198,000 after buying an additional 2,011 shares during the period. Raymond James Financial Inc. bought a new position in Utz Brands in the 4th quarter worth approximately $339,000. Swiss National Bank grew its stake in Utz Brands by 1.5% in the 4th quarter. Swiss National Bank now owns 138,000 shares of the company's stock valued at $2,161,000 after buying an additional 2,100 shares in the last quarter. Finally, First Eagle Investment Management LLC raised its holdings in Utz Brands by 3.9% during the 4th quarter. First Eagle Investment Management LLC now owns 470,996 shares of the company's stock valued at $7,376,000 after acquiring an additional 17,600 shares during the period. 95.97% of the stock is owned by hedge funds and other institutional investors.

Utz Brands Price Performance

Shares of UTZ traded up $0.23 during midday trading on Friday, hitting $13.93. The company's stock had a trading volume of 717,622 shares, compared to its average volume of 1,223,843. The company has a quick ratio of 0.91, a current ratio of 1.32 and a debt-to-equity ratio of 0.61. Utz Brands has a one year low of $11.53 and a one year high of $18.89. The stock has a market capitalization of $1.97 billion, a price-to-earnings ratio of 43.52, a price-to-earnings-growth ratio of 1.66 and a beta of 1.14. The company's fifty day simple moving average is $13.04 and its two-hundred day simple moving average is $13.45.

Utz Brands (NYSE:UTZ - Get Free Report) last released its earnings results on Thursday, May 1st. The company reported $0.16 earnings per share (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 firm had revenue of $352.08 million for the quarter, compared to analysts' expectations of $345.44 million. During the same quarter in the previous year, the business posted $0.14 earnings per share. The business's revenue for the quarter was up 1.6% on a year-over-year basis. As a group, equities analysts expect that Utz Brands will post 0.85 earnings per share for the current fiscal year.

Utz Brands Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, July 3rd. Investors of record on Monday, June 16th were given a dividend of $0.061 per share. This represents a $0.24 dividend on an annualized basis and a dividend yield of 1.75%. This is an increase from Utz Brands's previous quarterly dividend of $0.01. The ex-dividend date was Monday, June 16th. Utz Brands's dividend payout ratio (DPR) is presently 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.