Utz Brands (UTZ) Stock Forecast, Price & News

3 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Utz Brands in the last year. There are currently 2 hold ratings and 1 buy rating for the stock. The consensus among Wall Street analysts is that investors should "hold" UTZ shares. A hold rating indicates that analysts believe investors should maintain any existing positions they have in UTZ, but not buy additional shares or sell existing shares.
View UTZ analyst ratings or view top-rated stocks.

3 brokers have issued 1-year price objectives for Utz Brands' stock. Their UTZ share price forecasts range from $18.00 to $20.00. On average, they anticipate the company's stock price to reach $19.00 in the next twelve months. This suggests a possible upside of 34.1% from the stock's current price.
View analysts price targets for UTZ or view top-rated stocks among Wall Street analysts.

Utz Brands' stock was trading at $15.86 at the beginning of the year. Since then, UTZ stock has decreased by 10.7% and is now trading at $14.17.
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The company is scheduled to release its next quarterly earnings announcement on Thursday, November 9th 2023.
View our UTZ earnings forecast.

Utz Brands, Inc. (NYSE:UTZ) announced its quarterly earnings results on Thursday, August, 10th. The company reported $0.13 EPS for the quarter, hitting analysts' consensus estimates of $0.13. The company had revenue of $362.90 million for the quarter, compared to analyst estimates of $360.59 million. Utz Brands had a net margin of 0.05% and a trailing twelve-month return on equity of 5.77%. The company's quarterly revenue was up 3.7% on a year-over-year basis. During the same period in the previous year, the firm posted $0.13 EPS.

Utz Brands declared a quarterly dividend on Thursday, September 7th. Stockholders of record on Monday, September 18th will be paid a dividend of $0.057 per share on Thursday, October 5th. This represents a $0.23 dividend on an annualized basis and a dividend yield of 1.61%. The ex-dividend date of this dividend is Friday, September 15th.
Read our dividend analysis for UTZ.

ETFs with the largest weight of Utz Brands (NYSE:UTZ) stock in their portfolio include Invesco Dorsey Wright Consumer Staples Momentum ETF (PSL).Ranger Equity Bear ETF (HDGE).

Utz Brands (NYSE:UTZ) pays an annual dividend of $0.23 per share and currently has a dividend yield of 1.56%. The company has been increasing its dividend for 2 consecutive year(s), indicating that it does not yet have a strong track record of dividend growth. The dividend payout ratio is 2,300.00%. Payout ratios above 75% are not desirable because they may not be sustainable. Based on earnings estimates, UTZ will have a dividend payout ratio of 35.94% next year. This indicates that the company will be able to sustain or increase its dividend.
Read our dividend analysis for UTZ.

Utz Brands issued an update on its FY 2023 earnings guidance on Thursday, August, 10th. The company provided EPS guidance of for the period. The company issued revenue guidance of $1.45 billion-$1.48 billion, compared to the consensus revenue estimate of $1.46 billion.

Based on aggregate information from My MarketBeat watchlists, some companies that other Utz Brands investors own include Advanced Micro Devices (AMD), NVIDIA (NVDA), QUALCOMM (QCOM), CrowdStrike (CRWD), Marvell Technology (MRVL), PENN Entertainment (PENN), AbbVie (ABBV), Abbott Laboratories (ABT), Alibaba Group (BABA) and DocuSign (DOCU).

Utz Brands trades on the New York Stock Exchange (NYSE) under the ticker symbol "UTZ."

Utz Brands' stock is owned by many different retail and institutional investors. Top institutional shareholders include Champlain Investment Partners LLC (4.21%), JPMorgan Chase & Co. (3.80%), BlackRock Inc. (3.47%), Goldman Sachs Group Inc. (2.34%), Copeland Capital Management LLC (1.70%) and Jennison Associates LLC (1.29%). Insiders that own company stock include Ajay Kataria, Antonio F Fernandez, Cary Devore, Cc Collier Holdings, Llc, Chad Whyte, Chinh Chu, Dylan Lissette, Jason K Giordano, John W Altmeyer, Pamela J Stewart, Roger K Deromedi, Theresa Robbins Shea, Timothy Brown and Todd Staub.
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Shares of UTZ stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
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One share of UTZ stock can currently be purchased for approximately $14.17.

Utz Brands (NYSE:UTZ) has a market capitalization of $1.99 billion and generates $1.41 billion in revenue each year. The company earns $-390,000.00 in net income (profit) each year or $0.01 on an earnings per share basis.

The company employs 3,800 workers across the globe.

Utz Brands' mailing address is 200 PARK AVENUE 58TH FLOOR, NEW YORK NY, 10166. The official website for the company is www.colliercreekholdings.com. The company can be reached via phone at (717) 637-6644 or via email at utz@icrinc.com.