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

Utz Brands, Inc. (NYSE:UTZ) has received an average recommendation of “Moderate Buy” from the eight analysts that are covering the stock, Marketbeat Ratings reports. One analyst has rated the stock with a sell rating, two have given a hold rating and five have issued a buy rating on the company. The average 12-month target price among analysts that have issued a report on the stock in the last year is $17.0714.

UTZ has been the subject of several recent analyst reports. Weiss Ratings restated a “sell (d+)” rating on shares of Utz Brands in a research report on Friday. UBS Group decreased their price objective on Utz Brands from $15.00 to $13.50 and set a “neutral” rating for the company in a report on Wednesday, October 8th.

Utz Brands Price Performance

Shares of UTZ opened at $12.44 on Tuesday. Utz Brands has a 12 month low of $11.53 and a 12 month high of $18.29. The company has a debt-to-equity ratio of 0.62, a current ratio of 1.29 and a quick ratio of 0.87. The stock has a fifty day moving average price of $12.71 and a 200 day moving average price of $13.03. The company has a market cap of $1.76 billion, a P/E ratio of 59.23, a PEG ratio of 1.68 and a beta of 1.02.

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

Utz Brands Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Thursday, October 2nd. Stockholders of record on Monday, September 15th were issued a dividend of $0.061 per share. This represents a $0.24 dividend on an annualized basis and a dividend yield of 2.0%. The ex-dividend date of this dividend was Monday, September 15th. Utz Brands’s dividend payout ratio (DPR) is 114.29%.

Insider Buying and Selling at Utz Brands

In related news, Director Christina Choi sold 5,703 shares of the company’s stock in a transaction dated Thursday, September 4th. The shares were sold at an average price of $13.63, for a total value of $77,731.89. Following the completion of the sale, the director owned 33,710 shares of the company’s stock, valued at $459,467.30. This represents a 14.47% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. 16.32% of the stock is currently owned by corporate insiders.

Institutional Trading of Utz Brands

A number of institutional investors have recently made changes to their positions in the stock. NewEdge Advisors LLC acquired a new position in shares of Utz Brands during the second quarter valued at approximately $25,000. Caitong International Asset Management Co. Ltd acquired a new position in shares of Utz Brands during the 1st quarter valued at $32,000. Osaic Holdings Inc. raised its stake in shares of Utz Brands by 76.1% in the 2nd quarter. Osaic Holdings Inc. now owns 3,756 shares of the company’s stock worth $47,000 after buying an additional 1,623 shares in the last quarter. Harbor Investment Advisory LLC lifted its holdings in shares of Utz Brands by 37.6% in the second quarter. Harbor Investment Advisory LLC now owns 5,481 shares of the company’s stock valued at $69,000 after buying an additional 1,497 shares during the period. Finally, Ameritas Investment Partners Inc. boosted its stake in Utz Brands by 16.1% during the second quarter. Ameritas Investment Partners Inc. now owns 7,394 shares of the company’s stock valued at $93,000 after buying an additional 1,023 shares in the last quarter. 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.