Utz Brands (UTZ) Stock Forecast, Price & News

3 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Utz Brands in the last twelve months. 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.
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3 brokerages have issued 12 month price objectives for Utz Brands' shares. Their UTZ share price forecasts range from $19.00 to $20.00. On average, they predict the company's share price to reach $19.33 in the next year. This suggests a possible upside of 15.9% 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 5.2% and is now trading at $16.6850.
View the best growth stocks for 2023 here.

Utz Brands saw a decline in short interest in the month of 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. Approximately 7.1% of the company's shares are short sold.
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) announced its earnings results on Thursday, March, 2nd. The company reported $0.15 earnings per share for the quarter, topping the consensus estimate of $0.12 by $0.03. The firm had revenue of $354.70 million for the quarter, compared to analyst estimates of $336.71 million. Utz Brands had a trailing twelve-month return on equity of 5.71% and a net margin of 0.57%. The company's revenue for the quarter was up 17.9% compared to the same quarter last year. During the same period in the previous year, the business posted $0.11 EPS.

Utz Brands announced a quarterly dividend on Thursday, April 6th. Shareholders 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 dividend yield of 1.37%. The ex-dividend date of this dividend 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), ERShares Entrepreneurs ETF (ENTR), 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),

Utz Brands (NYSE:UTZ) pays an annual dividend of $0.23 per share and currently has a dividend yield of 1.42%. 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 updated its FY 2023 earnings guidance on Friday, May, 12th. The company provided earnings per share 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 a number of retail and institutional investors. Top institutional shareholders 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 $16.69.

Utz Brands (NYSE:UTZ) has a market capitalization of $2.34 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.