Utz Brands, Inc. (NYSE:UTZ) Insider Sells $48,678,335.16 in Stock

Utz Brands, Inc. (NYSE:UTZ) insider Cc Collier Holdings, Llc sold 2,815,404 shares of the firm’s stock in a transaction that occurred on Wednesday, November 6th. The shares were sold at an average price of $17.29, for a total transaction of $48,678,335.16. Following the completion of the sale, the insider now owns 496,038 shares in the company, valued at approximately $8,576,497.02. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this link.

Utz Brands Stock Performance

Shares of UTZ stock opened at $17.43 on Friday. The company has a debt-to-equity ratio of 0.56, a current ratio of 1.21 and a quick ratio of 0.85. Utz Brands, Inc. has a one year low of $11.67 and a one year high of $20.04. The business’s 50 day simple moving average is $17.35 and its 200 day simple moving average is $17.24. The stock has a market capitalization of $2.46 billion, a PE ratio of -90.26, a PEG ratio of 1.19 and a beta of 1.01.

Utz Brands (NYSE:UTZ) last posted its quarterly earnings data on Thursday, October 31st. The company reported $0.21 earnings per share for the quarter, topping the consensus estimate of $0.20 by $0.01. Utz Brands had a negative net margin of 0.99% and a positive return on equity of 7.25%. The company had revenue of $365.50 million during the quarter, compared to analysts’ expectations of $363.98 million. During the same period in the prior year, the company posted $0.17 earnings per share. Utz Brands’s revenue for the quarter was down 1.7% compared to the same quarter last year. As a group, research analysts forecast that Utz Brands, Inc. will post 0.73 earnings per share for the current year.

Utz Brands Announces Dividend

The firm also recently disclosed a None dividend, which was paid on Thursday, October 3rd. Stockholders of record on Monday, September 16th were paid a $0.011 dividend. This represents a dividend yield of 1.3%. The ex-dividend date was Monday, September 16th. Utz Brands’s dividend payout ratio is -126.32%.

Analysts Set New Price Targets

A number of analysts have weighed in on UTZ shares. Piper Sandler raised their target price on shares of Utz Brands from $22.00 to $24.00 and gave the company an “overweight” rating in a research report on Friday, November 1st. Mizuho reduced their price objective on Utz Brands from $24.00 to $21.00 and set an “outperform” rating on the stock in a research report on Monday, November 4th. Needham & Company LLC reiterated a “buy” rating and issued a $22.00 target price on shares of Utz Brands in a research report on Friday, August 2nd. Finally, Barclays cut their price target on Utz Brands from $23.00 to $19.00 and set an “overweight” rating on the stock in a research note on Friday, July 19th. Three research analysts have rated the stock with a hold rating and seven have issued a buy rating to the stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $20.80.

Institutional Investors Weigh In On Utz Brands

Institutional investors and hedge funds have recently made changes to their positions in the business. Fifth Third Bancorp bought a new stake in Utz Brands in the second quarter worth approximately $44,000. Canada Pension Plan Investment Board acquired a new stake in shares of Utz Brands during the 2nd quarter worth approximately $80,000. SG Americas Securities LLC bought a new stake in shares of Utz Brands in the 2nd quarter valued at $103,000. nVerses Capital LLC acquired a new position in shares of Utz Brands during the 3rd quarter valued at $142,000. Finally, XTX Topco Ltd bought a new position in Utz Brands during the second quarter worth $185,000. Institutional investors 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.