Public Employees Retirement Association of Colorado Sells 4,736 Shares of Utz Brands, Inc. (NYSE:UTZ)

Public Employees Retirement Association of Colorado lowered its holdings in Utz Brands, Inc. (NYSE:UTZ) by 27.1% in the second quarter, Holdings Channel reports. The firm owned 12,759 shares of the company’s stock after selling 4,736 shares during the quarter. Public Employees Retirement Association of Colorado’s holdings in Utz Brands were worth $212,000 as of its most recent SEC filing.

A number of other hedge funds have also added to or reduced their stakes in UTZ. Comerica Bank raised its stake in Utz Brands by 5.4% in the first quarter. Comerica Bank now owns 16,491 shares of the company’s stock valued at $304,000 after buying an additional 848 shares during the period. ProShare Advisors LLC raised its stake in Utz Brands by 8.5% in the first quarter. ProShare Advisors LLC now owns 12,944 shares of the company’s stock valued at $239,000 after buying an additional 1,017 shares during the period. Parallel Advisors LLC raised its stake in Utz Brands by 11.6% in the fourth quarter. Parallel Advisors LLC now owns 9,924 shares of the company’s stock valued at $161,000 after buying an additional 1,033 shares during the period. Envestnet Portfolio Solutions Inc. raised its stake in Utz Brands by 11.6% in the second quarter. Envestnet Portfolio Solutions Inc. now owns 11,838 shares of the company’s stock valued at $197,000 after buying an additional 1,228 shares during the period. Finally, Personal CFO Solutions LLC raised its stake in Utz Brands by 8.8% in the fourth quarter. Personal CFO Solutions LLC now owns 20,572 shares of the company’s stock valued at $334,000 after buying an additional 1,664 shares during the period. Institutional investors own 95.97% of the company’s stock.

Insider Buying and Selling

In other Utz Brands news, Director Bruce John Lindeman purchased 4,000 shares of the company’s stock in a transaction on Monday, August 5th. The shares were purchased at an average cost of $16.11 per share, with a total value of $64,440.00. Following the completion of the purchase, the director now owns 42,480 shares in the company, valued at $684,352.80. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. 17.00% of the stock is currently owned by insiders.

Analyst Ratings Changes

Several equities analysts have recently commented on UTZ shares. 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. Barclays lowered their target price on Utz Brands from $23.00 to $19.00 and set an “overweight” rating for the company in a research note on Friday, July 19th. Finally, Needham & Company LLC restated a “buy” rating and issued a $22.00 target price on shares of Utz Brands in a research report on Friday, August 2nd. Three analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company’s stock. According to data from MarketBeat, Utz Brands has a consensus rating of “Moderate Buy” and a consensus target price of $20.36.

Utz Brands Trading Up 2.3 %

Shares of UTZ stock opened at $17.89 on Monday. Utz Brands, Inc. has a 1-year low of $11.17 and a 1-year high of $20.04. 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 has a market cap of $2.52 billion, a price-to-earnings ratio of -71.56, a PEG ratio of 1.18 and a beta of 1.01. The stock has a 50-day moving average of $16.82 and a 200-day moving average of $17.38.

Utz Brands (NYSE:UTZ) last issued its quarterly earnings results on Thursday, August 1st. The company reported $0.19 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.16 by $0.03. Utz Brands had a net margin of 0.29% and a return on equity of 6.79%. The firm had revenue of $356.20 million for the quarter, compared to the consensus estimate of $356.23 million. During the same quarter in the previous year, the company earned $0.13 EPS. The company’s revenue for the quarter was down 1.8% on a year-over-year basis. On average, equities research analysts forecast that Utz Brands, Inc. will post 0.74 earnings per share for the current year.

Utz Brands Announces Dividend

The firm also recently announced a None dividend, which will be paid on Thursday, October 3rd. Investors of record on Monday, September 16th will be given a dividend of $0.011 per share. The ex-dividend date of this dividend is Monday, September 16th. This represents a dividend yield of 1.3%. Utz Brands’s payout ratio is -92.00%.

About Utz Brands

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.