Utz Brands, Inc. (NYSE:UTZ) Given Average Rating of “Hold” by Brokerages

Utz Brands, Inc. (NYSE:UTZ) has been given a consensus rating of “Hold” by the eleven analysts that are covering the firm, Marketbeat.com reports. One investment analyst has rated the stock with a sell recommendation, nine have given a hold recommendation and one has given a buy recommendation to the company. The average 12-month price target among brokers that have issued ratings on the stock in the last year is $13.3864.

Several equities analysts recently issued reports on UTZ shares. Royal Bank Of Canada set a $15.00 price target on shares of Utz Brands in a report on Thursday, April 9th. DA Davidson reiterated a “neutral” rating and issued a $14.25 price target (down from $15.00) on shares of Utz Brands in a report on Wednesday, July 22nd. TD Cowen lowered their target price on shares of Utz Brands from $11.00 to $9.00 and set a “hold” rating for the company in a report on Monday, April 20th. BTIG Research lowered Utz Brands from a “buy” rating to a “hold” rating in a research report on Monday. Finally, Weiss Ratings reissued a “sell (d)” rating on shares of Utz Brands in a report on Wednesday, June 24th.

Institutional Inflows and Outflows

Hedge funds have recently modified their holdings of the company. NewEdge Advisors LLC bought a new position in Utz Brands in the second quarter valued at $25,000. Global Retirement Partners LLC increased its holdings in shares of Utz Brands by 431.5% during the 4th quarter. Global Retirement Partners LLC now owns 3,343 shares of the company’s stock worth $35,000 after acquiring an additional 2,714 shares during the last quarter. Osaic Holdings Inc. raised its position in shares of Utz Brands by 76.1% in the second quarter. Osaic Holdings Inc. now owns 3,756 shares of the company’s stock valued at $47,000 after purchasing an additional 1,623 shares during the period. Farther Finance Advisors LLC raised its holdings in Utz Brands by 118.5% in the 4th quarter. Farther Finance Advisors LLC now owns 4,356 shares of the company’s stock valued at $45,000 after acquiring an additional 2,362 shares during the period. Finally, Versant Capital Management Inc lifted its holdings in Utz Brands by 363.5% during the 2nd quarter. Versant Capital Management Inc now owns 6,086 shares of the company’s stock worth $47,000 after purchasing an additional 4,773 shares during the last quarter. 95.97% of the stock is currently owned by institutional investors.

Utz Brands Stock Performance

Shares of NYSE:UTZ opened at $14.09 on Thursday. The company has a debt-to-equity ratio of 0.62, a current ratio of 1.14 and a quick ratio of 0.75. The business’s fifty day moving average price is $8.37 and its two-hundred day moving average price is $8.55. Utz Brands has a fifty-two week low of $6.78 and a fifty-two week high of $14.44. The stock has a market capitalization of $2.03 billion, a price-to-earnings ratio of -140.84 and a beta of 0.82.

Utz Brands (NYSE:UTZ) last issued its quarterly earnings data on Wednesday, May 6th. The company reported $0.15 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.14 by $0.01. Utz Brands had a positive return on equity of 8.61% and a negative net margin of 0.58%.The company had revenue of $361.30 million during the quarter, compared to analysts’ expectations of $361.76 million. During the same period last year, the business earned $0.16 earnings per share. The business’s revenue was up 2.6% on a year-over-year basis. Utz Brands has set its FY 2026 guidance at 0.771-0.795 EPS. As a group, analysts predict that Utz Brands will post 0.78 EPS for the current fiscal year.

Utz Brands Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Thursday, July 2nd. Stockholders of record on Monday, June 22nd were given a dividend of $0.063 per share. The ex-dividend date of this dividend was Monday, June 22nd. This represents a $0.25 annualized dividend and a dividend yield of 1.8%. Utz Brands’s dividend payout ratio is currently -250.00%.

About Utz Brands

Utz Brands, Inc is a leading U.S. manufacturer and distributor of salty snack foods, offering a wide range of products including potato chips, pretzels, cheese snacks, popcorn and tortilla chips. Headquartered in Hanover, Pennsylvania, the company markets its snacks under several well-known brands and serves grocery, mass merchandise, club, convenience and online retailers throughout the United States.

Founded in 1921 by Bill and Salie Utz as a small country store operation, the business expanded gradually through direct delivery to local customers and sales to regional grocers.