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 3 hold ratings 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 analysts have issued twelve-month price targets for Utz Brands' shares. Their UTZ share price forecasts range from $19.00 to $20.00. On average, they anticipate the company's share price to reach $19.33 in the next twelve months. This suggests a possible upside of 18.2% 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 start of the year. Since then, UTZ shares have increased by 3.1% and is now trading at $16.3550.
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Utz Brands saw a decline in short interest in April. As of April 30th, there was short interest totaling 4,650,000 shares, a decline of 15.0% from the April 15th total of 5,470,000 shares. Based on an average trading volume of 468,100 shares, the days-to-cover ratio is presently 9.9 days. Currently, 7.1% of the shares of the company are sold short.
View Utz Brands' Short Interest.

The company is scheduled to release its next quarterly earnings announcement on Thursday, August 10th 2023.
View our UTZ earnings forecast.

Utz Brands, Inc. (NYSE:UTZ) posted its earnings results on Thursday, March, 2nd. The company reported $0.15 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.12 by $0.03. The business earned $354.70 million during the quarter, compared to the consensus estimate of $336.71 million. Utz Brands had a net margin of 0.57% and a trailing twelve-month return on equity of 5.71%. The company's revenue was up 17.9% on a year-over-year basis. During the same quarter last year, the company posted $0.11 earnings per share.

Utz Brands announced a quarterly dividend on Thursday, April 6th. Investors of record on Monday, April 17th will be paid a dividend of $0.057 per share on Thursday, May 4th. This represents a $0.23 annualized dividend and a yield of 1.39%. The ex-dividend date is Friday, April 14th.
Read our dividend analysis for UTZ.

ETFs with the largest weight of Utz Brands (NYSE:UTZ) stock in their portfolio include Invesco DWA Consumer Staples Momentum ETF (PSL), First Trust Small Cap Growth AlphaDEX Fund (FYC), Small Cap US Equity Select ETF (RNSC), First Trust Small Cap Core AlphaDEX Fund (FYX), JPMorgan Diversified Return U.S. Small Cap Equity ETF (JPSE), Timothy Plan US Small Cap Core ETF (TPSC) and Fidelity MSCI Consumer Staples Index ETF (FSTA).Vanguard Consumer Staples ETF (VDC).

Utz Brands (NYSE:UTZ) pays an annual dividend of $0.23 per share and currently has a dividend yield of 1.37%. 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 230.00%. 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 37.70% 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 Friday, May, 12th. 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 $1.47 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 investors include Champlain Investment Partners LLC (4.07%), JPMorgan Chase & Co. (3.68%), BlackRock Inc. (3.03%), DF Dent & Co. Inc. (2.31%), Copeland Capital Management LLC (1.69%) 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 $16.36.

Utz Brands (NYSE:UTZ) has a market capitalization of $2.30 billion and generates $1.41 billion in revenue each year. The company earns $-390,000.00 in net income (profit) each year or $0.10 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.