William Jr. Werzyn Acquires 8,000 Shares of Utz Brands, Inc. (NYSE:UTZ) Stock

Utz Brands, Inc. (NYSE:UTZ) Director William Jr. Werzyn acquired 8,000 shares of the business’s stock in a transaction that occurred on Wednesday, May 7th. The shares were purchased at an average cost of $11.81 per share, for a total transaction of $94,480.00. Following the acquisition, the director now owns 22,970 shares in the company, valued at $271,275.70. This represents a 53.44 % increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link.

Utz Brands Stock Performance

Shares of UTZ opened at $12.47 on Friday. The company has a current ratio of 1.21, a quick ratio of 0.85 and a debt-to-equity ratio of 0.56. The firm’s fifty day simple moving average is $13.38 and its two-hundred day simple moving average is $14.69. Utz Brands, Inc. has a 12 month low of $11.53 and a 12 month high of $18.89. The stock has a market capitalization of $1.76 billion, a P/E ratio of 69.28, a price-to-earnings-growth ratio of 0.86 and a beta of 1.20.

Utz Brands (NYSE:UTZ) last released its earnings results on Thursday, May 1st. The company reported $0.16 EPS for the quarter, hitting the consensus estimate of $0.16. The business had revenue of $352.08 million during the quarter, compared to analysts’ expectations of $345.44 million. Utz Brands had a return on equity of 7.92% and a net margin of 1.13%. The firm’s revenue was up 1.6% on a year-over-year basis. During the same quarter last year, the firm posted $0.14 earnings per share. As a group, analysts predict that Utz Brands, Inc. will post 0.85 EPS for the current year.

Utz Brands Cuts Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, April 24th. Investors of record on Monday, April 7th were given a dividend of $0.011 per share. The ex-dividend date of this dividend was Monday, April 7th. This represents a $0.04 dividend on an annualized basis and a dividend yield of 0.35%. Utz Brands’s payout ratio is presently 75.00%.

Wall Street Analyst Weigh In

UTZ has been the subject of several research reports. UBS Group dropped their target price on Utz Brands from $15.00 to $13.50 and set a “neutral” rating for the company in a research report on Friday, May 2nd. Piper Sandler cut their target price on shares of Utz Brands from $24.00 to $20.00 and set an “overweight” rating on the stock in a research report on Thursday, January 16th. Royal Bank of Canada decreased their price target on shares of Utz Brands from $23.00 to $20.00 and set an “outperform” rating for the company in a research report on Monday, February 24th. TD Cowen lowered shares of Utz Brands from a “buy” rating to a “hold” rating and cut their price target for the stock from $17.00 to $15.00 in a report on Tuesday, April 22nd. Finally, 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. Two investment analysts have rated the stock with a hold rating and six have assigned a buy rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $17.81.

Institutional Investors Weigh In On Utz Brands

A number of large investors have recently bought and sold shares of the stock. Newton One Investments LLC acquired a new position in shares of Utz Brands during the fourth quarter valued at about $26,000. Venturi Wealth Management LLC acquired a new position in Utz Brands during the 4th quarter worth approximately $54,000. First Horizon Advisors Inc. boosted its holdings in Utz Brands by 44.8% in the first quarter. First Horizon Advisors Inc. now owns 7,887 shares of the company’s stock worth $111,000 after acquiring an additional 2,441 shares in the last quarter. Tower Research Capital LLC TRC grew its stake in Utz Brands by 112.7% in the fourth quarter. Tower Research Capital LLC TRC now owns 7,697 shares of the company’s stock valued at $121,000 after acquiring an additional 4,078 shares during the period. Finally, Teacher Retirement System of Texas bought a new stake in shares of Utz Brands during the first quarter valued at approximately $144,000. 95.97% of the stock is currently owned by institutional investors and hedge funds.

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.