Utz Brands (NYSE:UTZ) Hits New 1-Year Low – Time to Sell?

Shares of Utz Brands, Inc. (NYSE:UTZ) reached a new 52-week low during mid-day trading on Monday . The stock traded as low as $13.00 and last traded at $13.03, with a volume of 30915 shares changing hands. The stock had previously closed at $13.36.

Analyst Upgrades and Downgrades

Several equities analysts recently issued reports on UTZ shares. TD Cowen dropped their target price 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 dropped their target price on shares of Utz Brands from $24.00 to $21.00 and set an “outperform” rating on the stock in a report on Monday, November 4th. Piper Sandler dropped their target price on shares of Utz Brands from $24.00 to $20.00 and set an “overweight” rating on the stock in a report on Thursday, January 16th. Finally, Barclays decreased their price target on shares of Utz Brands from $19.00 to $17.00 and set an “overweight” rating for the company in a research note on Friday, January 17th. Two investment analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company. Based on data from MarketBeat.com, Utz Brands has a consensus rating of “Moderate Buy” and a consensus price target of $20.20.

Utz Brands Trading Down 0.9 %

The company has a quick ratio of 0.85, a current ratio of 1.21 and a debt-to-equity ratio of 0.56. The firm’s 50-day moving average price is $15.45 and its 200 day moving average price is $16.39. The company has a market capitalization of $1.87 billion, a P/E ratio of -69.62, a P/E/G ratio of 0.85 and a beta of 1.02.

Utz Brands (NYSE:UTZ) last released its quarterly earnings results 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 business had revenue of $365.50 million for the quarter, compared to analysts’ expectations of $363.98 million. During the same period in the previous year, the company earned $0.17 earnings per share. The firm’s revenue for the quarter was down 1.7% compared to the same quarter last year. As a group, equities research analysts predict that Utz Brands, Inc. will post 0.74 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. Investors of record on Monday, December 16th were issued a dividend of $0.061 per share. The ex-dividend date was Monday, December 16th. This is a boost from Utz Brands’s previous quarterly dividend of $0.06. This represents a $0.24 annualized dividend and a yield of 1.84%. Utz Brands’s payout ratio is -126.32%.

Insider Buying and Selling at Utz Brands

In other Utz Brands news, insider Cc Collier Holdings, Llc sold 2,815,404 shares of the business’s stock in a transaction dated Wednesday, November 6th. The shares were sold at an average price of $17.29, for a total value of $48,678,335.16. Following the transaction, the insider now directly owns 496,038 shares in the company, valued at $8,576,497.02. The trade was a 85.02 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Corporate insiders own 17.00% of the company’s stock.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Newton One Investments LLC purchased a new stake in shares of Utz Brands during the 4th quarter valued at approximately $26,000. Venturi Wealth Management LLC purchased a new stake in shares of Utz Brands during the 4th quarter valued at approximately $54,000. nVerses Capital LLC purchased a new stake in shares of Utz Brands during the 3rd quarter valued at approximately $142,000. Moody National Bank Trust Division purchased a new stake in shares of Utz Brands during the 4th quarter valued at approximately $169,000. Finally, Ballentine Partners LLC purchased a new stake in shares of Utz Brands during the 4th quarter valued at approximately $220,000. 95.97% of the stock is currently owned by hedge funds and other institutional investors.

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.