Utz Brands, Inc. (NYSE:UTZ) Receives $17.29 Consensus Price Target from Brokerages

Utz Brands, Inc. (NYSE:UTZ) has been given a consensus recommendation of “Moderate Buy” by the seven research firms that are currently covering the company, Marketbeat Ratings reports. Two investment analysts have rated the stock with a hold rating and five have issued a buy rating on the company. The average 1-year target price among brokers that have covered the stock in the last year is $17.2857.

A number of equities analysts have issued reports on UTZ shares. UBS Group increased their price target on Utz Brands from $13.50 to $15.00 and gave the company a “neutral” rating in a research note on Thursday, July 17th. Barclays decreased their target price on Utz Brands from $17.00 to $16.00 and set an “overweight” rating for the company in a research note on Friday, June 27th.

Utz Brands Trading Up 2.5%

NYSE:UTZ opened at $12.15 on Friday. The stock has a market cap of $1.72 billion, a price-to-earnings ratio of 57.86, a PEG ratio of 1.59 and a beta of 1.03. The company has a debt-to-equity ratio of 0.62, a quick ratio of 0.87 and a current ratio of 1.29. Utz Brands has a 1 year low of $11.53 and a 1 year high of $18.29. The business has a fifty day moving average of $13.14 and a 200-day moving average of $13.21.

Utz Brands (NYSE:UTZ) last posted its quarterly earnings data on Thursday, July 31st. The company reported $0.17 earnings per share for the quarter, missing the consensus estimate of $0.19 by ($0.02). The company had revenue of $366.70 million during the quarter, compared to analyst estimates of $360.55 million. Utz Brands had a return on equity of 7.81% and a net margin of 1.27%.The business’s revenue for the quarter was up 2.9% compared to the same quarter last year. During the same period in the previous year, the company earned $0.19 EPS. Utz Brands has set its FY 2025 guidance at 0.820-0.850 EPS. Equities analysts predict that Utz Brands will post 0.85 earnings per share for the current year.

Utz Brands Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, October 2nd. Investors of record on Monday, September 15th will be issued a $0.061 dividend. This represents a $0.24 dividend on an annualized basis and a dividend yield of 2.0%. The ex-dividend date is Monday, September 15th. Utz Brands’s payout ratio is presently 114.29%.

Insiders Place Their Bets

In other Utz Brands news, Director Christina Choi sold 5,703 shares of Utz Brands stock in a transaction that occurred on Thursday, September 4th. The shares were sold at an average price of $13.63, for a total value of $77,731.89. Following the transaction, the director owned 33,710 shares in the company, valued at approximately $459,467.30. The trade was a 14.47% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Insiders own 16.32% of the company’s stock.

Institutional Trading of Utz Brands

Several large investors have recently added to or reduced their stakes in UTZ. Ameriprise Financial Inc. grew its holdings in shares of Utz Brands by 38.0% during the first quarter. Ameriprise Financial Inc. now owns 5,671,757 shares of the company’s stock valued at $79,858,000 after buying an additional 1,560,884 shares in the last quarter. Balyasny Asset Management L.P. boosted its position in Utz Brands by 42.3% during the 2nd quarter. Balyasny Asset Management L.P. now owns 2,946,512 shares of the company’s stock worth $36,979,000 after acquiring an additional 875,847 shares during the period. Tributary Capital Management LLC purchased a new position in Utz Brands during the 1st quarter valued at about $11,697,000. Bahl & Gaynor Inc. increased its holdings in shares of Utz Brands by 221.7% in the 1st quarter. Bahl & Gaynor Inc. now owns 914,325 shares of the company’s stock valued at $12,874,000 after purchasing an additional 630,149 shares during the period. Finally, Goldman Sachs Group Inc. increased its holdings in shares of Utz Brands by 40.8% in the 1st quarter. Goldman Sachs Group Inc. now owns 2,022,709 shares of the company’s stock valued at $28,480,000 after purchasing an additional 585,952 shares during the period. 95.97% of the stock is 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.