King Luther Capital Management Corp Cuts Stake in Utz Brands, Inc. $UTZ

King Luther Capital Management Corp reduced its position in Utz Brands, Inc. (NYSE:UTZ) by 53.0% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 135,980 shares of the company’s stock after selling 153,214 shares during the quarter. King Luther Capital Management Corp owned about 0.10% of Utz Brands worth $1,411,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also bought and sold shares of UTZ. Balyasny Asset Management L.P. grew its holdings in Utz Brands by 42.3% in the second quarter. Balyasny Asset Management L.P. now owns 2,946,512 shares of the company’s stock worth $36,979,000 after purchasing an additional 875,847 shares during the last quarter. Goldman Sachs Group Inc. grew its holdings in Utz Brands by 40.8% in the first quarter. Goldman Sachs Group Inc. now owns 2,022,709 shares of the company’s stock worth $28,480,000 after purchasing an additional 585,952 shares during the last quarter. UBS Group AG grew its holdings in Utz Brands by 39.7% in the third quarter. UBS Group AG now owns 1,702,641 shares of the company’s stock worth $20,687,000 after purchasing an additional 483,638 shares during the last quarter. Ameriprise Financial Inc. grew its holdings in Utz Brands by 7.3% in the second quarter. Ameriprise Financial Inc. now owns 6,085,250 shares of the company’s stock worth $76,370,000 after purchasing an additional 413,493 shares during the last quarter. Finally, Copeland Capital Management LLC grew its holdings in Utz Brands by 10.2% in the fourth quarter. Copeland Capital Management LLC now owns 3,449,862 shares of the company’s stock worth $35,810,000 after purchasing an additional 318,763 shares during the last quarter. 95.97% of the stock is owned by hedge funds and other institutional investors.

Utz Brands Price Performance

Shares of UTZ opened at $7.33 on Friday. The firm has a market capitalization of $1.06 billion, a PE ratio of -73.32, a price-to-earnings-growth ratio of 2.74 and a beta of 0.87. The company has a debt-to-equity ratio of 0.62, a current ratio of 1.14 and a quick ratio of 0.75. Utz Brands, Inc. has a 1-year low of $6.92 and a 1-year high of $14.67. The company’s fifty day moving average price is $7.60 and its 200-day moving average price is $9.02.

Utz Brands (NYSE:UTZ) last posted its quarterly earnings results on Wednesday, May 6th. The company reported $0.15 EPS for the quarter, beating the consensus estimate of $0.14 by $0.01. Utz Brands had a negative net margin of 0.58% and a positive return on equity of 8.61%. The company had revenue of $361.30 million for the quarter, compared to analyst estimates of $361.77 million. During the same period in the prior year, the company earned $0.16 earnings per share. The firm’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. On average, equities research analysts predict that Utz Brands, Inc. will post 0.78 EPS for the current year.

Utz Brands Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Thursday, April 23rd. Shareholders of record on Monday, April 13th were issued a $0.063 dividend. This represents a $0.25 annualized dividend and a yield of 3.4%. The ex-dividend date of this dividend was Monday, April 13th. Utz Brands’s dividend payout ratio is presently -250.00%.

Analysts Set New Price Targets

Several research firms have issued reports on UTZ. UBS Group cut their price target on shares of Utz Brands from $10.00 to $8.50 and set a “neutral” rating on the stock in a report on Tuesday, April 7th. Zacks Research raised shares of Utz Brands from a “strong sell” rating to a “hold” rating in a report on Monday, April 20th. Barclays dropped their price objective on shares of Utz Brands from $12.00 to $10.00 and set an “overweight” rating on the stock in a report on Tuesday, April 14th. TD Cowen dropped their price objective on shares of Utz Brands from $11.00 to $9.00 and set a “hold” rating on the stock in a report on Monday, April 20th. Finally, BTIG Research started coverage on shares of Utz Brands in a report on Monday, April 13th. They set a “buy” rating and a $10.00 price objective on the stock. Four investment analysts have rated the stock with a Buy rating, three have given a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat, Utz Brands presently has a consensus rating of “Hold” and an average target price of $12.06.

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.