Utz Brands, Inc. (NYSE:UTZ) Receives $20.36 Consensus Target Price from Analysts

Utz Brands, Inc. (NYSE:UTZ) has received an average rating of “Moderate Buy” from the eleven analysts that are currently covering the firm, MarketBeat reports. Three investment analysts have rated the stock with a hold recommendation and eight have assigned a buy recommendation to the company. The average 12-month target price among analysts that have covered the stock in the last year is $20.36.

UTZ has been the topic of several analyst reports. Barclays dropped their price target on shares of Utz Brands from $23.00 to $19.00 and set an “overweight” rating on the stock in a research note on Friday, July 19th. Piper Sandler restated an “overweight” rating and issued a $22.00 target price on shares of Utz Brands in a research report on Wednesday, August 21st. Finally, Needham & Company LLC reiterated a “buy” rating and set a $22.00 price target on shares of Utz Brands in a research report on Friday, August 2nd.

Utz Brands Trading Up 2.2 %

Shares of NYSE UTZ opened at $18.60 on Monday. Utz Brands has a 12-month low of $11.17 and a 12-month high of $20.04. The company has a market cap of $2.62 billion, a price-to-earnings ratio of -74.38, a price-to-earnings-growth ratio of 1.18 and a beta of 1.01. The company has a current ratio of 1.69, a quick ratio of 1.21 and a debt-to-equity ratio of 0.57. The stock’s 50 day simple moving average is $16.53 and its 200 day simple moving average is $17.39.

Utz Brands (NYSE:UTZ) last posted its earnings results on Thursday, August 1st. The company reported $0.19 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.16 by $0.03. Utz Brands had a return on equity of 6.79% and a net margin of 0.29%. The company had revenue of $356.20 million for the quarter, compared to analysts’ expectations of $356.23 million. During the same period last year, the business posted $0.13 earnings per share. The firm’s quarterly revenue was down 1.8% compared to the same quarter last year. Equities research analysts expect that Utz Brands will post 0.74 EPS for the current year.

Utz Brands Announces Dividend

The company also recently disclosed a None dividend, which will be paid on Thursday, October 3rd. Stockholders of record on Monday, September 16th will be issued a $0.011 dividend. The ex-dividend date of this dividend is Monday, September 16th. This represents a dividend yield of 1.3%. Utz Brands’s dividend payout ratio (DPR) is -92.00%.

Insider Activity at Utz Brands

In other Utz Brands news, Director Bruce John Lindeman acquired 4,000 shares of Utz Brands stock in a transaction dated Monday, August 5th. The stock was bought at an average price of $16.11 per share, for a total transaction of $64,440.00. Following the transaction, the director now owns 42,480 shares in the company, valued at approximately $684,352.80. The acquisition was disclosed in a document filed with the SEC, which is accessible through the SEC website. Company insiders own 17.00% of the company’s stock.

Institutional Trading of Utz Brands

Several institutional investors and hedge funds have recently bought and sold shares of the stock. Fifth Third Bancorp acquired a new stake in Utz Brands during the 2nd quarter valued at $44,000. Canada Pension Plan Investment Board acquired a new position in Utz Brands during the second quarter valued at $80,000. Delta Asset Management LLC TN lifted its stake in Utz Brands by 100.0% in the 4th quarter. Delta Asset Management LLC TN now owns 5,000 shares of the company’s stock worth $81,000 after acquiring an additional 2,500 shares in the last quarter. SG Americas Securities LLC acquired a new stake in Utz Brands during the 2nd quarter worth about $103,000. Finally, Parallel Advisors LLC grew its stake in Utz Brands by 11.6% during the 4th quarter. Parallel Advisors LLC now owns 9,924 shares of the company’s stock valued at $161,000 after acquiring an additional 1,033 shares in the last quarter. Institutional investors and hedge funds own 95.97% of the company’s stock.

Utz Brands Company Profile

Utz Brands, Inc engages in manufacture, marketing, and distribution of snack foods. It offers a range of salty snacks, including salty snacks, including potato chips, tortilla chips, pretzels, cheese snacks, pork skins, veggie snacks, pub/party mixes, tortilla chips, salsa and dips, ready-to-eat popcorn, and other snacks under the Utz, Zapp's, ON THE BORDER, Golden Flake, Boulder Canyon, Hawaiian, TORTIYAHS!, etc.