Astra Wealth Partners LLC Invests $1.16 Million in Utz Brands, Inc. $UTZ

Astra Wealth Partners LLC acquired a new position in shares of Utz Brands, Inc. (NYSE:UTZ) during the 2nd quarter, according to its most recent 13F filing with the SEC. The firm acquired 92,000 shares of the company’s stock, valued at approximately $1,155,000. Utz Brands accounts for 0.9% of Astra Wealth Partners LLC’s investment portfolio, making the stock its 26th biggest position. Astra Wealth Partners LLC owned about 0.07% of Utz Brands as of its most recent filing with the SEC.

Other institutional investors also recently bought and sold shares of the company. Caitong International Asset Management Co. Ltd purchased a new position in Utz Brands during the 1st quarter worth $32,000. Harbor Investment Advisory LLC increased its holdings in Utz Brands by 37.6% during the 2nd quarter. Harbor Investment Advisory LLC now owns 5,481 shares of the company’s stock worth $69,000 after purchasing an additional 1,497 shares during the period. First Horizon Advisors Inc. increased its holdings in Utz Brands by 44.8% during the 1st quarter. First Horizon Advisors Inc. now owns 7,887 shares of the company’s stock worth $111,000 after purchasing an additional 2,441 shares during the period. Teacher Retirement System of Texas purchased a new position in Utz Brands during the 1st quarter worth $144,000. Finally, SPC Financial Inc. purchased a new position in Utz Brands during the 2nd quarter worth $149,000. 95.97% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several research analysts have commented on the company. Barclays restated an “overweight” rating and set a $14.00 price objective on shares of Utz Brands in a report on Friday. TD Cowen dropped their target price on Utz Brands from $14.00 to $12.00 and set a “hold” rating on the stock in a research report on Friday. UBS Group dropped their target price on Utz Brands from $13.50 to $11.50 and set a “neutral” rating on the stock in a research report on Friday. Finally, Weiss Ratings reaffirmed a “sell (d+)” rating on shares of Utz Brands in a research report on Wednesday, October 8th. Five research analysts have rated the stock with a Buy rating, two have issued a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $16.07.

Utz Brands Stock Up 0.8%

Shares of NYSE UTZ opened at $10.52 on Monday. The company has a current ratio of 1.22, a quick ratio of 0.80 and a debt-to-equity ratio of 0.62. The stock has a market capitalization of $1.49 billion, a PE ratio of 150.34, a price-to-earnings-growth ratio of 1.41 and a beta of 1.00. The stock’s fifty day simple moving average is $12.56 and its two-hundred day simple moving average is $12.96. Utz Brands, Inc. has a 12-month low of $10.19 and a 12-month high of $18.29.

Utz Brands (NYSE:UTZ) last posted its quarterly earnings data on Thursday, October 30th. The company reported $0.23 earnings per share for the quarter, hitting analysts’ consensus estimates of $0.23. The firm had revenue of $377.80 million during the quarter, compared to analysts’ expectations of $374.25 million. Utz Brands had a return on equity of 8.12% and a net margin of 0.39%.The business’s quarterly revenue was up 3.4% on a year-over-year basis. During the same quarter last year, the firm earned $0.21 EPS. Utz Brands has set its FY 2025 guidance at 0.824-0.847 EPS. As a group, analysts expect that Utz Brands, Inc. will post 0.85 EPS for the current fiscal year.

Utz Brands Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, October 2nd. Stockholders of record on Monday, September 15th were given a $0.061 dividend. The ex-dividend date of this dividend was Monday, September 15th. This represents a $0.24 dividend on an annualized basis and a dividend yield of 2.3%. Utz Brands’s dividend payout ratio (DPR) is presently 342.86%.

Insider Buying and Selling at Utz Brands

In other news, Director Christina Choi sold 5,703 shares of the firm’s stock in a transaction on Thursday, September 4th. The stock was 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 trade represents a 14.47% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. 16.32% of the stock is owned by insiders.

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.