Brokerages Set Utz Brands, Inc. (NYSE:UTZ) Target Price at $17.29

Key Points

• Utz Brands, Inc. has received a consensus recommendation of "Moderate Buy" from analysts, with five out of seven ratings indicating a buy.
• The company reported $0.17 earnings per share for the last quarter, missing estimates, but achieved a revenue of $366.70 million, surpassing forecasts.
• Utz Brands recently declared a quarterly dividend of $0.061, an increase from the previous dividend of $0.01, marking a dividend yield of 1.8%.

Utz Brands, Inc. (NYSE:UTZ - Get Free Report) has earned an average recommendation of "Moderate Buy" from the seven research firms that are covering the company, Marketbeat.com reports. Two equities research analysts have rated the stock with a hold rating and five have given a buy rating to the company. The average 12-month target price among analysts that have issued ratings on the stock in the last year is $17.2857.

A number of analysts recently weighed in on UTZ shares. UBS Group lifted 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. Barclays reduced their price objective on Utz Brands from $17.00 to $16.00 and set an "overweight" rating on the stock in a research report on Friday, June 27th.

Utz Brands Trading Up 2.1%

UTZ traded up $0.29 during mid-day trading on Monday, hitting $13.68. 228,359 shares of the stock were exchanged, compared to its average volume of 1,165,673. The firm's fifty day moving average is $13.40 and its two-hundred day moving average is $13.34. Utz Brands has a 1-year low of $11.53 and a 1-year high of $18.89. The company has a current ratio of 1.29, a quick ratio of 0.87 and a debt-to-equity ratio of 0.62. The company has a market cap of $1.94 billion, a PE ratio of 65.14, a PEG ratio of 1.80 and a beta of 1.03.

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

Institutional Trading of Utz Brands

Several large investors have recently added to or reduced their stakes in the business. Janney Montgomery Scott LLC bought a new stake in shares of Utz Brands during the 1st quarter worth $196,000. Vanguard Group Inc. grew its position in Utz Brands by 7.2% during the first quarter. Vanguard Group Inc. now owns 7,439,869 shares of the company's stock worth $104,753,000 after buying an additional 501,374 shares in the last quarter. Raymond James Financial Inc. acquired a new stake in Utz Brands during the fourth quarter valued at approximately $339,000. D. E. Shaw & Co. Inc. boosted its holdings in shares of Utz Brands by 250.8% in the 4th quarter. D. E. Shaw & Co. Inc. now owns 89,083 shares of the company's stock worth $1,395,000 after acquiring an additional 63,692 shares in the last quarter. Finally, Two Sigma Investments LP bought a new position in Utz Brands in the 4th quarter worth approximately $512,000. 95.97% of the stock is currently owned by institutional investors and hedge funds.

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.