Utz Brands, Inc. (NYSE:UTZ) Stock Has Average Price Target of $13.39 According to Analysts

Shares of Utz Brands, Inc. (NYSE:UTZ) have been assigned an average rating of “Hold” from the eleven analysts that are presently covering the stock, Marketbeat Ratings reports. One research analyst has rated the stock with a sell rating, nine have given a hold rating and one has issued a buy rating on the company. The average 12-month price objective among brokerages that have updated their coverage on the stock in the last year is $13.39.

A number of analysts recently commented on the company. Weiss Ratings reiterated a “sell (d)” rating on shares of Utz Brands in a research report on Monday, September 21st. Stephens set a $14.25 target price on shares of Utz Brands in a research report on Tuesday, July 21st. Jefferies Financial Group lowered shares of Utz Brands from a “strong-buy” rating to a “hold” rating and set a $14.25 target price on the stock. in a research note on Tuesday, July 21st. BTIG Research cut shares of Utz Brands from a “buy” rating to a “hold” rating in a research report on Monday, July 27th. Finally, DA Davidson reiterated a “neutral” rating and set a $14.25 price target (down from $15.00) on shares of Utz Brands in a research report on Wednesday, July 22nd.

Institutional Trading of Utz Brands

A number of institutional investors have recently bought and sold shares of UTZ. Hsbc Holdings PLC raised its position in shares of Utz Brands by 8.2% during the 1st quarter. Hsbc Holdings PLC now owns 30,021 shares of the company’s stock valued at $231,000 after acquiring an additional 2,264 shares during the last quarter. GAMMA Investing LLC boosted its position in shares of Utz Brands by 318.5% in the 3rd quarter. GAMMA Investing LLC now owns 3,783 shares of the company’s stock worth $54,000 after purchasing an additional 2,879 shares during the last quarter. Diversify Wealth Management LLC boosted its position in shares of Utz Brands by 23.6% in the 1st quarter. Diversify Wealth Management LLC now owns 20,628 shares of the company’s stock worth $160,000 after purchasing an additional 3,936 shares during the last quarter. Personal CFO Solutions LLC boosted its position in shares of Utz Brands by 22.2% in the 1st quarter. Personal CFO Solutions LLC now owns 26,212 shares of the company’s stock worth $208,000 after purchasing an additional 4,759 shares during the last quarter. Finally, Versant Capital Management Inc boosted its position in shares of Utz Brands by 363.5% in 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. Institutional investors and hedge funds own 95.97% of the company’s stock.

Utz Brands Stock Up 0.0%

NYSE UTZ opened at $14.30 on Tuesday. The stock has a fifty day moving average of $14.22 and a 200-day moving average of $10.34. The stock has a market capitalization of $2.06 billion, a P/E ratio of -43.35 and a beta of 0.72. Utz Brands has a 52 week low of $6.78 and a 52 week high of $14.33. The company has a debt-to-equity ratio of 0.62, a quick ratio of 0.69 and a current ratio of 1.06.

Utz Brands (NYSE:UTZ) last released its earnings results on Wednesday, August 5th. The company reported $0.19 earnings per share for the quarter, topping analysts’ consensus estimates of $0.18 by $0.01. Utz Brands had a positive return on equity of 8.97% and a negative net margin of 2.00%. The company had revenue of $371.80 million during the quarter, compared to the consensus estimate of $374.18 million. During the same quarter in the previous year, the company posted $0.17 earnings per share. The firm’s quarterly revenue was up 1.4% on a year-over-year basis. On average, equities research analysts forecast that Utz Brands will post 0.80 EPS for the current year.

Utz Brands Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, October 1st. Investors of record on Monday, September 21st were issued a $0.0630 dividend. This represents a $0.25 annualized dividend and a yield of 1.8%. The ex-dividend date was Monday, September 21st. Utz Brands’s dividend payout ratio is currently -75.76%.

Utz Brands Company Profile

Utz Brands, Inc is a U.S.-based manufacturer and distributor of branded snack foods. The company produces and markets potato chips, tortilla chips, cheese snacks, pretzels, popcorn, pork snacks, and other salty snacks through a portfolio of brands that includes Utz, Zapp’s, Boulder Canyon, Golden Flake, Bachman, and Tim’s Cascade Snacks.

Utz products are sold through grocery stores, mass merchants, club stores, convenience stores, drugstores, and e-commerce channels. The company serves consumers primarily in the United States and distributes its snacks through a combination of direct-store delivery, warehouse distribution, and third-party arrangements.

Founded in 1921 by William and Salie Utz in Hanover, Pennsylvania, the company has expanded through organic growth and acquisitions of established regional snack businesses.