72,600 Utz Brands, Inc. $UTZ Shares Sold by Kimelman & Baird LLC

Kimelman & Baird LLC lowered its stake in shares of Utz Brands, Inc. (NYSE:UTZ) by 56.5% in the third quarter, HoldingsChannel reports. The firm owned 55,984 shares of the company’s stock after selling 72,600 shares during the quarter. Kimelman & Baird LLC’s holdings in Utz Brands were worth $798,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors have also recently added to or reduced their stakes in the company. Signaturefd LLC increased its position in Utz Brands by 3,524.2% in the third quarter. Signaturefd LLC now owns 2,247 shares of the company’s stock worth $32,000 after buying an additional 2,185 shares during the period. GAMMA Investing LLC lifted its stake in Utz Brands by 318.5% in the third quarter. GAMMA Investing LLC now owns 3,783 shares of the company’s stock valued at $54,000 after buying an additional 2,879 shares during the last quarter. Versant Capital Management Inc lifted its stake in Utz Brands by 363.5% in the second quarter. Versant Capital Management Inc now owns 6,086 shares of the company’s stock valued at $47,000 after buying an additional 4,773 shares during the last quarter. AXQ Capital LP acquired a new position in shares of Utz Brands during the second quarter valued at $80,000. Finally, Vise Technologies Inc. acquired a new position in shares of Utz Brands during the third quarter valued at $159,000. 95.97% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

UTZ has been the subject of several recent research reports. Weiss Ratings upgraded shares of Utz Brands from a “sell (d)” rating to a “sell (d+)” rating in a research report on Monday, October 12th. DA Davidson cut shares of Utz Brands from a “buy” rating to a “neutral” rating and dropped their price objective for the stock from $15.00 to $14.25 in a report on Wednesday, July 22nd. BTIG Research downgraded shares of Utz Brands from a “buy” rating to a “hold” rating in a research report on Monday, July 27th. Piper Sandler lowered shares of Utz Brands from an “overweight” rating to a “neutral” rating and boosted their target price for the company from $10.00 to $14.25 in a research note on Thursday, July 23rd. Finally, Jefferies Financial Group lowered shares of Utz Brands from a “strong-buy” rating to a “hold” rating and set a $14.25 target price for the company. in a research note on Tuesday, July 21st. One analyst has rated the stock with a Buy rating, nine have assigned a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat.com, Utz Brands has a consensus rating of “Hold” and a consensus target price of $13.39.

Utz Brands Stock Down 0.2%

UTZ opened at $14.24 on Friday. Utz Brands, Inc. has a 12 month low of $6.78 and a 12 month high of $14.36. The company has a debt-to-equity ratio of 0.62, a current ratio of 1.06 and a quick ratio of 0.69. The stock has a market cap of $2.05 billion, a P/E ratio of -33.13 and a beta of 0.79. The stock’s 50 day moving average price is $14.27 and its 200 day moving average price is $10.51.

Utz Brands (NYSE:UTZ) last announced its earnings results on Friday, November 6th. The company reported $0.10 earnings per share for the quarter, missing the consensus estimate of $0.23 by ($0.13). Utz Brands had a negative net margin of 2.00% and a positive return on equity of 8.97%. The business had revenue of $369.20 million for the quarter, compared to the consensus estimate of $384.60 million. During the same period in the previous year, the firm earned $0.23 EPS. The firm’s revenue was down 2.3% on a year-over-year basis. As a group, research analysts predict that Utz Brands, Inc. will post 0.80 earnings per share for the current year.

Utz Brands Announces Dividend

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

Utz Brands Company Profile

Utz Brands, Inc is a U.S.-based snack food company that manufactures, markets and distributes a broad portfolio of branded salty snacks. Its products include potato chips, tortilla chips, pretzels, cheese snacks, pork rinds, popcorn and other snack items sold through grocery stores, mass merchants, club stores, convenience stores and e-commerce channels.

The company’s brand portfolio includes Utz, Zapp’s, Boulder Canyon, On the Border, Golden Flake, Good Health and Hawaiian, among others.