Weiss Ratings Reaffirms "Sell (D+)" Rating for Utz Brands (NYSE:UTZ)

Key Points

• Weiss Ratings has reaffirmed a "Sell (D+)" rating for Utz Brands (NYSE:UTZ), indicating continued caution regarding the stock's performance.
• Utz Brands' stock price decreased to $12.03, reflecting a shift in analyst ratings with UBS Group lowering their price objective from $15.00 to $13.50.
• The company reported earnings of $0.17 per share for the last quarter, missing analysts' expectations while achieving revenue of $366.70 million, a 2.9% increase year-over-year.

Utz Brands (NYSE:UTZ - Get Free Report)'s stock had its "sell (d+)" rating reissued by equities research analysts at Weiss Ratings in a research report issued to clients and investors on Wednesday,Weiss Ratings reports.

Other equities analysts also recently issued research reports about the stock. UBS Group decreased their price objective on shares of Utz Brands from $15.00 to $13.50 and set a "neutral" rating for the company in a report on Wednesday. Barclays cut their target price on Utz Brands from $17.00 to $16.00 and set an "overweight" rating on the stock in a research note on Friday, June 27th. Five research analysts have rated the stock with a Buy rating, two have assigned a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and an average target price of $17.07.

Utz Brands Stock Performance

Utz Brands stock traded down $0.17 during mid-day trading on Wednesday, reaching $12.03. The company's stock had a trading volume of 485,070 shares, compared to its average volume of 1,123,940. The firm has a market cap of $1.70 billion, a price-to-earnings ratio of 57.17, a PEG ratio of 1.64 and a beta of 1.02. The business has a 50 day moving average price of $12.93 and a 200-day moving average price of $13.16. The company has a current ratio of 1.29, a quick ratio of 0.87 and a debt-to-equity ratio of 0.62. Utz Brands has a twelve month low of $11.53 and a twelve month high of $18.29.

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

Insider Buying and Selling at Utz Brands

In related news, Director Christina Choi sold 5,703 shares of Utz Brands stock in a transaction dated Thursday, September 4th. The shares were sold at an average price of $13.63, for a total transaction of $77,731.89. Following the sale, the director directly owned 33,710 shares in the company, valued at $459,467.30. The trade was a 14.47% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. 16.32% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On Utz Brands

Hedge funds and other institutional investors have recently modified their holdings of the stock. NewEdge Advisors LLC bought a new stake in Utz Brands in the second quarter worth about $25,000. Caitong International Asset Management Co. Ltd bought a new stake in Utz Brands in the first quarter worth about $32,000. Osaic Holdings Inc. raised its position in Utz Brands by 76.1% in the second quarter. Osaic Holdings Inc. now owns 3,756 shares of the company's stock worth $47,000 after acquiring an additional 1,623 shares in the last quarter. Harbor Investment Advisory LLC raised its position in Utz Brands by 37.6% in the second quarter. Harbor Investment Advisory LLC now owns 5,481 shares of the company's stock worth $69,000 after acquiring an additional 1,497 shares in the last quarter. Finally, Ameritas Investment Partners Inc. raised its position in Utz Brands by 16.1% in the second quarter. Ameritas Investment Partners Inc. now owns 7,394 shares of the company's stock worth $93,000 after acquiring an additional 1,023 shares in the last quarter. 95.97% of the stock is currently owned by institutional investors.

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.

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