Utz Brands (UTZ) Expected to Announce Earnings on Thursday

Utz Brands (NYSE:UTZ - Get Free Report) is projected to issue its Q2 2025 quarterly earnings data before the market opens on Thursday, July 31st. Analysts expect the company to announce earnings of $0.20 per share and revenue of $360.55 million for the quarter.

Utz Brands (NYSE:UTZ - Get Free Report) last posted its quarterly earnings data on Thursday, May 1st. The company reported $0.16 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.16. The business had revenue of $352.08 million during the quarter, compared to the consensus estimate of $345.44 million. Utz Brands had a net margin of 1.94% and a return on equity of 8.05%. Utz Brands's quarterly revenue was up 1.6% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.14 EPS. On average, analysts expect Utz Brands to post $1 EPS for the current fiscal year and $1 EPS for the next fiscal year.

Utz Brands Stock Performance

UTZ traded down $0.15 during trading on Friday, hitting $14.32. The stock had a trading volume of 810,921 shares, compared to its average volume of 1,125,368. The firm has a market cap of $2.02 billion, a PE ratio of 44.74, a P/E/G ratio of 1.65 and a beta of 1.14. The company has a 50 day simple moving average of $13.30 and a 200-day simple moving average of $13.41. Utz Brands has a 12 month low of $11.53 and a 12 month high of $18.89. The company has a current ratio of 1.32, a quick ratio of 0.91 and a debt-to-equity ratio of 0.61.

Utz Brands Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, July 3rd. Shareholders of record on Monday, June 16th were issued a $0.061 dividend. The ex-dividend date was Monday, June 16th. This is an increase from Utz Brands's previous quarterly dividend of $0.01. This represents a $0.24 dividend on an annualized basis and a yield of 1.70%. Utz Brands's dividend payout ratio is 75.00%.

Insiders Place Their Bets

In related news, Director William Jr. Werzyn acquired 8,000 shares of the company's stock in a transaction that occurred on Wednesday, May 7th. The shares were acquired at an average cost of $11.81 per share, for a total transaction of $94,480.00. Following the completion of the acquisition, the director directly owned 22,970 shares in the company, valued at approximately $271,275.70. The trade was a 53.44% increase in their position. The purchase was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, Director Timothy Brown purchased 5,000 shares of the company's stock in a transaction on Monday, May 5th. The stock was purchased at an average cost of $11.96 per share, for a total transaction of $59,800.00. Following the purchase, the director directly owned 67,573 shares in the company, valued at approximately $808,173.08. This trade represents a 7.99% increase in their ownership of the stock. The disclosure for this purchase can be found here. 16.32% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On Utz Brands

Several hedge funds have recently made changes to their positions in the business. Goldman Sachs Group Inc. boosted 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 purchasing an additional 585,952 shares during the last quarter. Royal Bank of Canada boosted its stake in shares of Utz Brands by 39.7% during the 1st quarter. Royal Bank of Canada now owns 248,912 shares of the company's stock worth $3,504,000 after buying an additional 70,739 shares during the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC grew its holdings in shares of Utz Brands by 36.4% in the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 196,013 shares of the company's stock valued at $2,760,000 after acquiring an additional 52,285 shares in the last quarter. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its position in shares of Utz Brands by 5.9% in the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 39,470 shares of the company's stock valued at $556,000 after acquiring an additional 2,190 shares during the last quarter. 95.97% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of analysts have commented on the company. Barclays reduced their price objective on Utz Brands from $17.00 to $16.00 and set an "overweight" rating for the company in a research report on Friday, June 27th. UBS Group increased their price target on shares of Utz Brands from $13.50 to $15.00 and gave the stock a "neutral" rating in a research report on Thursday, July 17th. DA Davidson upgraded shares of Utz Brands from a "neutral" rating to a "buy" rating and set a $16.00 target price on the stock in a research note on Thursday, April 24th. Finally, TD Cowen downgraded Utz Brands from a "buy" rating to a "hold" rating and reduced their target price for the stock from $17.00 to $15.00 in a report on Tuesday, April 22nd. Two research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company's stock. According to data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and an average price target of $17.88.

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.