Diamond Hill Capital Management Inc. Acquires 258,003 Shares of Utz Brands, Inc. $UTZ

Diamond Hill Capital Management Inc. increased its holdings in shares of Utz Brands, Inc. (NYSE:UTZ) by 78.7% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 585,856 shares of the company’s stock after acquiring an additional 258,003 shares during the quarter. Diamond Hill Capital Management Inc.’s holdings in Utz Brands were worth $6,081,000 as of its most recent SEC filing.

A number of other hedge funds have also bought and sold shares of UTZ. NewEdge Advisors LLC bought a new stake in Utz Brands during the second quarter worth $25,000. Aster Capital Management DIFC Ltd lifted its holdings in Utz Brands by 194.8% during the third quarter. Aster Capital Management DIFC Ltd now owns 2,618 shares of the company’s stock worth $32,000 after acquiring an additional 1,730 shares during the period. Global Retirement Partners LLC lifted its holdings in Utz Brands by 431.5% during the fourth 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 period. Farther Finance Advisors LLC lifted its holdings in Utz Brands by 118.5% during the fourth quarter. Farther Finance Advisors LLC now owns 4,356 shares of the company’s stock worth $45,000 after acquiring an additional 2,362 shares during the period. Finally, Osaic Holdings Inc. raised its stake 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 buying an additional 1,623 shares during the period. 95.97% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

Several analysts have issued reports on the company. TD Cowen lowered their target price on Utz Brands from $11.00 to $9.00 and set a “hold” rating on the stock in a research note on Monday, April 20th. Weiss Ratings restated a “sell (d)” rating on shares of Utz Brands in a research note on Friday, March 27th. Barclays lowered their target price on Utz Brands from $12.00 to $10.00 and set an “overweight” rating on the stock in a research note on Tuesday, April 14th. BTIG Research assumed coverage on Utz Brands in a research note on Monday, April 13th. They issued a “buy” rating and a $10.00 target price on the stock. Finally, Royal Bank Of Canada set a $15.00 target price on Utz Brands in a research note on Thursday, April 9th. Four research analysts have rated the stock with a Buy rating, three have given a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of “Hold” and an average price target of $12.06.

Utz Brands Stock Performance

Shares of UTZ opened at $7.79 on Friday. The firm has a market cap of $1.12 billion, a PE ratio of -77.86, a PEG ratio of 2.81 and a beta of 0.87. Utz Brands, Inc. has a 1 year low of $6.92 and a 1 year high of $14.67. 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 stock’s fifty day moving average price is $7.61 and its two-hundred day moving average price is $9.11.

Utz Brands (NYSE:UTZ) last announced its quarterly earnings results on Wednesday, May 6th. The company reported $0.15 earnings per share for the quarter, beating the consensus estimate of $0.14 by $0.01. The company had revenue of $361.30 million during the quarter, compared to analysts’ expectations of $361.77 million. Utz Brands had a positive return on equity of 8.61% and a negative net margin of 0.58%.The firm’s quarterly revenue was up 2.6% compared to the same quarter last year. During the same period in the previous year, the business earned $0.16 earnings per share. Utz Brands has set its FY 2026 guidance at 0.771-0.795 EPS. On average, equities research analysts forecast that Utz Brands, Inc. will post 0.78 EPS for the current year.

Utz Brands Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Thursday, April 23rd. Stockholders of record on Monday, April 13th were given a $0.063 dividend. The ex-dividend date was Monday, April 13th. This represents a $0.25 annualized dividend and a dividend yield of 3.2%. Utz Brands’s payout ratio is -250.00%.

Utz Brands Profile

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.