Utz Brands (NYSE:UTZ – Get Free Report) was upgraded by research analysts at DA Davidson to a “strong-buy” rating in a research report issued to clients and investors on Monday,Zacks.com reports.
A number of other equities research analysts also recently weighed in on the company. Barclays dropped their price objective on Utz Brands from $12.00 to $10.00 and set an “overweight” rating on the stock in a research report on Tuesday, April 14th. TD Cowen decreased their price target on shares of Utz Brands from $11.00 to $9.00 and set a “hold” rating for the company in a research report on Monday, April 20th. Zacks Research raised shares of Utz Brands from a “strong sell” rating to a “hold” rating in a research report on Monday, April 20th. Weiss Ratings restated a “sell (d)” rating on shares of Utz Brands in a report on Wednesday, June 24th. Finally, BTIG Research initiated coverage on shares of Utz Brands in a research report on Monday, April 13th. They issued a “buy” rating and a $10.00 price objective on the stock. One research analyst has rated the stock with a Strong Buy rating, four have issued a Buy rating, three have given a Hold rating and one has issued a Sell rating to the company. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $12.06.
Check Out Our Latest Analysis on UTZ
Utz Brands Stock Up 2.8%
Utz Brands (NYSE:UTZ – Get Free Report) last announced its quarterly earnings results on Wednesday, May 6th. The company reported $0.15 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.14 by $0.01. The business had revenue of $361.30 million for the quarter, compared to the consensus estimate of $361.76 million. Utz Brands had a positive return on equity of 8.61% and a negative net margin of 0.58%.The business’s revenue was up 2.6% compared to the same quarter last year. During the same period last year, the business posted $0.16 EPS. Utz Brands has set its FY 2026 guidance at 0.771-0.795 EPS. Research analysts anticipate that Utz Brands will post 0.78 earnings per share for the current fiscal year.
Institutional Inflows and Outflows
Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Vanguard Group Inc. increased its position in Utz Brands by 3.4% during the 4th quarter. Vanguard Group Inc. now owns 7,679,985 shares of the company’s stock valued at $79,718,000 after buying an additional 252,876 shares in the last quarter. Ameriprise Financial Inc. boosted its holdings in Utz Brands by 7.3% in the second quarter. Ameriprise Financial Inc. now owns 6,085,250 shares of the company’s stock worth $76,370,000 after acquiring an additional 413,493 shares in the last quarter. Copeland Capital Management LLC grew its stake in shares of Utz Brands by 17.8% during the first quarter. Copeland Capital Management LLC now owns 4,063,561 shares of the company’s stock worth $32,183,000 after acquiring an additional 613,699 shares during the last quarter. Balyasny Asset Management L.P. grew its stake in shares of Utz Brands by 42.3% during the second 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 last quarter. Finally, Alyeska Investment Group L.P. increased its holdings in shares of Utz Brands by 105.2% during the fourth quarter. Alyeska Investment Group L.P. now owns 2,414,791 shares of the company’s stock valued at $25,066,000 after acquiring an additional 1,238,180 shares in the last quarter. 95.97% of the stock is currently owned by hedge funds and other institutional investors.
Utz Brands Company Profile
Utz Brands, Inc is a leading U.S. manufacturer and distributor of salty snack foods, offering a wide range of products including potato chips, pretzels, cheese snacks, popcorn and tortilla chips. Headquartered in Hanover, Pennsylvania, the company markets its snacks under several well-known brands and serves grocery, mass merchandise, club, convenience and online retailers throughout the United States.
Founded in 1921 by Bill and Salie Utz as a small country store operation, the business expanded gradually through direct delivery to local customers and sales to regional grocers.
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