Utz Brands, Inc. (NYSE:UTZ) Receives Average Recommendation of “Moderate Buy” from Brokerages

Shares of Utz Brands, Inc. (NYSE:UTZ) have been assigned an average recommendation of “Moderate Buy” from the eight analysts that are presently covering the company, MarketBeat.com reports. One investment analyst has rated the stock with a hold rating and seven have issued a buy rating on the company. The average 1 year price target among analysts that have covered the stock in the last year is $19.25.

Several research firms have weighed in on UTZ. Mizuho dropped their price objective on Utz Brands from $21.00 to $19.00 and set an “outperform” rating for the company in a report on Monday, February 10th. Barclays dropped 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. Piper Sandler dropped their price objective on Utz Brands from $24.00 to $20.00 and set an “overweight” rating for the company in a report on Thursday, January 16th. DA Davidson dropped their price objective on Utz Brands from $18.00 to $16.00 and set a “neutral” rating for the company in a report on Monday, February 24th. Finally, TD Cowen dropped their price objective on Utz Brands from $21.00 to $17.00 and set a “buy” rating for the company in a report on Wednesday, January 8th.

Utz Brands Trading Down 1.0 %

Shares of UTZ stock opened at $13.29 on Monday. The stock has a market capitalization of $1.88 billion, a PE ratio of 73.82, a P/E/G ratio of 0.86 and a beta of 1.05. Utz Brands has a 1-year low of $12.71 and a 1-year high of $20.04. The business has a 50-day moving average of $13.72 and a 200 day moving average of $15.86. 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 (NYSE:UTZ) last issued its earnings results on Thursday, February 20th. The company reported $0.22 earnings per share for the quarter, beating the consensus estimate of $0.19 by $0.03. Utz Brands had a return on equity of 7.92% and a net margin of 1.13%. The company had revenue of $341.05 million during the quarter, compared to analysts’ expectations of $349.93 million. During the same period in the prior year, the business posted $0.16 EPS. As a group, sell-side analysts anticipate that Utz Brands will post 0.85 earnings per share for the current year.

Insider Transactions at Utz Brands

In related news, insider Cc Collier Holdings, Llc sold 496,038 shares of the firm’s stock in a transaction that occurred on Thursday, March 6th. The stock was sold at an average price of $13.40, for a total transaction of $6,646,909.20. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Howard A. Friedman acquired 3,525 shares of Utz Brands stock in a transaction that occurred on Monday, February 24th. The shares were bought at an average cost of $14.16 per share, with a total value of $49,914.00. Following the transaction, the chief executive officer now 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 disclosure for this purchase can be found here. Corporate insiders own 17.00% of the company’s stock.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its holdings in shares of Utz Brands by 4.5% in the 4th quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 37,280 shares of the company’s stock worth $584,000 after purchasing an additional 1,596 shares in the last quarter. Newton One Investments LLC bought a new stake in shares of Utz Brands in the 4th quarter worth $26,000. Rhumbline Advisers increased its holdings in shares of Utz Brands by 1.9% in the 4th quarter. Rhumbline Advisers now owns 95,103 shares of the company’s stock worth $1,489,000 after purchasing an additional 1,757 shares in the last quarter. LPL Financial LLC increased its holdings in shares of Utz Brands by 4.7% in the 4th quarter. LPL Financial LLC now owns 39,879 shares of the company’s stock worth $624,000 after purchasing an additional 1,789 shares in the last quarter. Finally, M&T Bank Corp increased its holdings in shares of Utz Brands by 18.9% in the 4th quarter. M&T Bank Corp now owns 12,678 shares of the company’s stock worth $198,000 after purchasing an additional 2,011 shares in the last quarter. Institutional investors own 95.97% of the company’s stock.

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.