Utz Brands (NYSE:UTZ) Issues FY 2025 Earnings Guidance

Key Points

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Utz Brands (NYSE:UTZ - Get Free Report) issued an update on its FY 2025 earnings guidance on Thursday morning. The company provided earnings per share (EPS) guidance of 0.820-0.850 for the period, compared to the consensus estimate of 0.846. The company issued revenue guidance of -.

Utz Brands Stock Up 0.6%

Utz Brands stock traded up $0.08 during trading hours on Monday, reaching $13.72. The stock had a trading volume of 71,337 shares, compared to its average volume of 1,217,004. Utz Brands has a 52 week low of $11.53 and a 52 week high of $18.89. The company has a debt-to-equity ratio of 0.62, a current ratio of 1.29 and a quick ratio of 0.87. The company has a market cap of $1.94 billion, a price-to-earnings ratio of 65.48, a PEG ratio of 1.83 and a beta of 1.17. The business's 50 day moving average price is $13.44 and its 200-day moving average price is $13.41.

Utz Brands (NYSE:UTZ - Get Free Report) last issued its quarterly earnings results on Thursday, July 31st. The company reported $0.17 earnings per share for the quarter, missing the consensus estimate of $0.19 by ($0.02). Utz Brands had a return on equity of 7.81% and a net margin of 1.27%. The business had revenue of $366.70 million during the quarter, compared to analyst estimates of $360.55 million. During the same quarter last year, the company posted $0.19 EPS. Utz Brands's quarterly revenue was up 2.9% compared to the same quarter last year. Sell-side analysts anticipate that Utz Brands will post 0.85 EPS for the current year.

Utz Brands Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, July 3rd. Investors of record on Monday, June 16th were paid a $0.061 dividend. The ex-dividend date of this dividend was Monday, June 16th. This represents a $0.24 annualized dividend and a yield of 1.8%. This is an increase from Utz Brands's previous quarterly dividend of $0.01. Utz Brands's dividend payout ratio is currently 114.29%.

Wall Street Analyst Weigh In

A number of analysts have issued reports on the company. Barclays cut their target price on Utz Brands from $17.00 to $16.00 and set an "overweight" rating for the company in a research note on Friday, June 27th. TD Cowen cut Utz Brands from a "buy" rating to a "hold" rating and decreased their price objective for the company from $17.00 to $15.00 in a research note on Tuesday, April 22nd. DA Davidson upgraded Utz Brands from a "neutral" rating to a "buy" rating and set a $16.00 price objective for the company in a research note on Thursday, April 24th. Finally, UBS Group boosted their target price on Utz Brands from $13.50 to $15.00 and gave the stock a "neutral" rating in a research note on Thursday, July 17th. Two research analysts have rated the stock with a hold rating and five have issued a buy rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and an average price target of $17.29.

Insider Activity

In related news, Director William Jr. Werzyn bought 8,000 shares of the company's stock in a transaction dated Wednesday, May 7th. The shares were acquired at an average price of $11.81 per share, with a total value of $94,480.00. Following the completion of the acquisition, the director owned 22,970 shares in the company, valued at approximately $271,275.70. This trade represents a 53.44% increase in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders own 16.32% of the company's stock.

Institutional Inflows and Outflows

A number of institutional investors have recently modified their holdings of UTZ. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its holdings in Utz Brands by 5.9% during the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 39,470 shares of the company's stock worth $556,000 after acquiring an additional 2,190 shares during the period. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC grew its holdings in Utz Brands by 36.4% during the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 196,013 shares of the company's stock worth $2,760,000 after acquiring an additional 52,285 shares during the period. Royal Bank of Canada grew its holdings in Utz Brands by 39.7% during the first quarter. Royal Bank of Canada now owns 248,912 shares of the company's stock worth $3,504,000 after acquiring an additional 70,739 shares during the period. Finally, Goldman Sachs Group Inc. grew its holdings in Utz Brands by 40.8% during the first quarter. Goldman Sachs Group Inc. now owns 2,022,709 shares of the company's stock worth $28,480,000 after acquiring an additional 585,952 shares during the period. Institutional investors and hedge funds own 95.97% of the company's stock.

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.