Teacher Retirement System of Texas Boosts Holdings in Utz Brands, Inc. $UTZ

Teacher Retirement System of Texas increased its position in Utz Brands, Inc. (NYSE:UTZ) by 280.1% in the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 38,988 shares of the company’s stock after acquiring an additional 28,732 shares during the period. Teacher Retirement System of Texas’ holdings in Utz Brands were worth $489,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently modified their holdings of UTZ. Caitong International Asset Management Co. Ltd bought a new position in shares of Utz Brands in the 1st quarter worth approximately $32,000. Harbor Investment Advisory LLC increased its holdings in Utz Brands by 37.6% in the 2nd quarter. Harbor Investment Advisory LLC now owns 5,481 shares of the company’s stock valued at $69,000 after acquiring an additional 1,497 shares during the last quarter. SPC Financial Inc. purchased a new stake in shares of Utz Brands in the second quarter worth about $149,000. Ballentine Partners LLC purchased a new stake in shares of Utz Brands during the 2nd quarter worth approximately $169,000. Finally, US Bancorp DE raised its stake in Utz Brands by 2,462.5% during the first quarter. US Bancorp DE now owns 13,171 shares of the company’s stock valued at $185,000 after purchasing an additional 12,657 shares in the last quarter. 95.97% of the stock is owned by institutional investors.

Utz Brands Stock Down 3.4%

Shares of Utz Brands stock opened at $9.89 on Monday. The company has a debt-to-equity ratio of 0.62, a current ratio of 1.22 and a quick ratio of 0.80. Utz Brands, Inc. has a 1 year low of $9.77 and a 1 year high of $17.82. The firm’s 50-day moving average is $12.24 and its two-hundred day moving average is $12.84. The stock has a market cap of $1.41 billion, a price-to-earnings ratio of 141.24, a PEG ratio of 1.33 and a beta of 1.00.

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

Utz Brands Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Thursday, October 2nd. Stockholders of record on Monday, September 15th were issued a $0.061 dividend. The ex-dividend date was Monday, September 15th. This represents a $0.24 dividend on an annualized basis and a dividend yield of 2.5%. Utz Brands’s dividend payout ratio (DPR) is currently 342.86%.

Insider Buying and Selling

In other news, Director Dylan Lissette bought 31,750 shares of Utz Brands stock in a transaction on Monday, November 3rd. The stock was acquired at an average cost of $10.58 per share, for a total transaction of $335,915.00. Following the completion of the acquisition, the director owned 145,783 shares of the company’s stock, valued at $1,542,384.14. This trade represents a 27.84% increase in their position. The purchase was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, major shareholder Series R. Of Um Partners, Llc purchased 15,000 shares of the firm’s stock in a transaction on Monday, November 3rd. The shares were purchased at an average cost of $10.48 per share, with a total value of $157,200.00. Following the completion of the transaction, the insider owned 615,000 shares of the company’s stock, valued at approximately $6,445,200. The trade was a 2.50% increase in their position. The SEC filing for this purchase provides additional information. In the last quarter, insiders bought 55,392 shares of company stock valued at $584,273. 16.32% of the stock is currently owned by insiders.

Wall Street Analyst Weigh In

Several research firms have recently issued reports on UTZ. UBS Group lowered their price objective on Utz Brands from $13.50 to $11.50 and set a “neutral” rating for the company in a research note on Friday, October 31st. TD Cowen dropped their price objective on Utz Brands from $14.00 to $12.00 and set a “hold” rating for the company in a report on Friday, October 31st. Mizuho set a $16.00 target price on Utz Brands in a research note on Monday, November 3rd. Weiss Ratings reiterated a “sell (d+)” rating on shares of Utz Brands in a research report on Wednesday, October 8th. Finally, Barclays restated an “overweight” rating and issued a $14.00 price target on shares of Utz Brands in a report on Friday, October 31st. Five equities research analysts have rated the stock with a Buy rating, two have issued a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $15.64.

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.