Charles Schwab Investment Management Inc. Has $9.03 Million Stake in Utz Brands, Inc. (NYSE:UTZ)

Charles Schwab Investment Management Inc. boosted its stake in Utz Brands, Inc. (NYSE:UTZ) by 1.0% during the 4th quarter, Holdings Channel.com reports. The institutional investor owned 576,730 shares of the company’s stock after buying an additional 5,569 shares during the period. Charles Schwab Investment Management Inc.’s holdings in Utz Brands were worth $9,032,000 at the end of the most recent reporting period.

Other institutional investors have also bought and sold shares of the company. State Street Corp raised its position in Utz Brands by 9.5% in the 3rd quarter. State Street Corp now owns 1,758,961 shares of the company’s stock valued at $31,256,000 after purchasing an additional 152,868 shares during the last quarter. Vestcor Inc raised its position in Utz Brands by 11.4% in the 3rd quarter. Vestcor Inc now owns 296,100 shares of the company’s stock valued at $5,241,000 after purchasing an additional 30,400 shares during the last quarter. Geode Capital Management LLC raised its position in Utz Brands by 3.2% in the 3rd quarter. Geode Capital Management LLC now owns 1,548,231 shares of the company’s stock valued at $27,409,000 after purchasing an additional 47,320 shares during the last quarter. Barclays PLC raised its position in Utz Brands by 21.4% in the 3rd quarter. Barclays PLC now owns 555,477 shares of the company’s stock valued at $9,831,000 after purchasing an additional 97,767 shares during the last quarter. Finally, NFJ Investment Group LLC bought a new position in Utz Brands in the 3rd quarter valued at $1,651,000. Institutional investors and hedge funds own 95.97% of the company’s stock.

Insider Activity at Utz Brands

In other news, CEO Howard A. Friedman acquired 3,525 shares of Utz Brands stock in a transaction dated Monday, February 24th. The stock was bought at an average cost 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 of the company’s stock, valued at approximately $3,762,722.64. This represents a 1.34 % increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Cc Collier Holdings, Llc sold 496,038 shares of the company’s stock in a transaction dated Thursday, March 6th. The stock was sold at an average price of $13.40, for a total value of $6,646,909.20. The disclosure for this sale can be found here. 17.00% of the stock is currently owned by corporate insiders.

Wall Street Analyst Weigh In

Several equities analysts have issued reports on UTZ shares. Piper Sandler cut their price objective on Utz Brands from $24.00 to $20.00 and set an “overweight” rating for the company in a research report on Thursday, January 16th. Barclays dropped their target price on Utz Brands from $19.00 to $17.00 and set an “overweight” rating for the company in a research report on Friday, January 17th. Mizuho dropped their target price on Utz Brands from $21.00 to $19.00 and set an “outperform” rating for the company in a research report on Monday, February 10th. Royal Bank of Canada dropped their target price on Utz Brands from $23.00 to $20.00 and set an “outperform” rating for the company in a research report on Monday, February 24th. Finally, TD Cowen dropped their target price on Utz Brands from $21.00 to $17.00 and set a “buy” rating for the company in a research report on Wednesday, January 8th. One analyst has rated the stock with a hold rating and seven have issued a buy rating to the company. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $19.25.

Utz Brands Trading Up 1.0 %

NYSE UTZ opened at $13.73 on Friday. The stock has a 50-day simple moving average of $13.66 and a 200 day simple moving average of $15.74. The company has a market capitalization of $1.94 billion, a PE ratio of 76.25, a P/E/G ratio of 0.86 and a beta of 1.05. 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, Inc. has a 12 month low of $12.71 and a 12 month high of $20.04.

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

Utz Brands 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.