DA Davidson Issues Pessimistic Forecast for Utz Brands (NYSE:UTZ) Stock Price

Utz Brands (NYSE:UTZ) had its price objective decreased by DA Davidson from $18.00 to $16.00 in a research note published on Monday,Benzinga reports. DA Davidson currently has a neutral rating on the stock.

A number of other research analysts also recently issued reports on UTZ. Barclays decreased their price objective on Utz Brands from $19.00 to $17.00 and set an “overweight” rating for the company in a report on Friday, January 17th. Royal Bank of Canada reduced their price target on Utz Brands from $23.00 to $20.00 and set an “outperform” rating for the company in a research report on Monday. TD Cowen lowered their price objective on shares of Utz Brands from $21.00 to $17.00 and set a “buy” rating on the stock in a report on Wednesday, January 8th. Mizuho reduced their target price on shares of Utz Brands from $21.00 to $19.00 and set an “outperform” rating for the company in a report on Monday, February 10th. Finally, Piper Sandler decreased their target price on shares of Utz Brands from $24.00 to $20.00 and set an “overweight” rating for the company in a research report on Thursday, January 16th. Two analysts have rated the stock with a hold rating and eight have issued a buy rating to the company. According to data from MarketBeat.com, Utz Brands currently has an average rating of “Moderate Buy” and a consensus price target of $19.30.

Utz Brands Stock Down 1.0 %

NYSE:UTZ opened at $13.96 on Monday. The company has a current ratio of 1.21, a quick ratio of 0.85 and a debt-to-equity ratio of 0.56. Utz Brands has a 1 year low of $12.71 and a 1 year high of $20.04. The stock has a 50-day moving average price of $14.28 and a two-hundred day moving average price of $16.17. The stock has a market cap of $1.97 billion, a price-to-earnings ratio of 77.54, a PEG ratio of 0.86 and a beta of 1.01.

Utz Brands (NYSE:UTZ) last posted its quarterly earnings data on Thursday, February 20th. The company reported $0.22 EPS for the quarter, beating the consensus estimate of $0.19 by $0.03. The business had revenue of $341.05 million for the quarter, compared to analysts’ expectations of $349.93 million. Utz Brands had a net margin of 1.13% and a return on equity of 7.92%. During the same period in the previous year, the firm posted $0.16 EPS. As a group, equities analysts expect that Utz Brands will post 0.85 earnings per share for the current year.

Utz Brands Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, January 2nd. Shareholders of record on Monday, December 16th were given a dividend of $0.061 per share. This is a positive change from Utz Brands’s previous quarterly dividend of $0.06. This represents a $0.24 annualized dividend and a yield of 1.75%. The ex-dividend date of this dividend was Monday, December 16th. Utz Brands’s dividend payout ratio is 133.33%.

Insider Buying and Selling at Utz Brands

In other Utz Brands news, CEO Howard A. Friedman purchased 3,525 shares of the stock in a transaction on Monday, February 24th. The shares were purchased at an average price of $14.16 per share, with a total value of $49,914.00. Following the completion of the transaction, the chief executive officer now directly owns 265,729 shares in the company, valued at $3,762,722.64. This represents a 1.34 % increase in their ownership of the stock. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Corporate insiders own 17.00% of the company’s stock.

Institutional Trading of Utz Brands

Hedge funds have recently made changes to their positions in the business. Newton One Investments LLC bought a new stake in Utz Brands in the 4th quarter valued at $26,000. Venturi Wealth Management LLC bought a new position in Utz Brands during the fourth quarter worth about $54,000. Tower Research Capital LLC TRC raised its stake in Utz Brands by 112.7% in the 4th quarter. Tower Research Capital LLC TRC now owns 7,697 shares of the company’s stock worth $121,000 after purchasing an additional 4,078 shares in the last quarter. Moody National Bank Trust Division bought a new stake in Utz Brands in the 4th quarter valued at about $169,000. Finally, Freestone Grove Partners LP acquired a new position in shares of Utz Brands during the 4th quarter worth approximately $183,000. 95.97% of the stock is owned by institutional investors and hedge funds.

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.