Utz Brands, Inc. (NYSE:UTZ – Get Free Report) shares saw strong trading volume on Wednesday . Approximately 2,308,178 shares were traded during mid-day trading, an increase of 0% from the previous session’s volume of 2,301,956 shares.The stock last traded at $14.0950 and had previously closed at $14.06.
Trending Headlines about Utz Brands
Here are the key news stories impacting Utz Brands this week:
- Positive Sentiment: Utz agreed to be acquired by Intersnack in an all-cash deal at $14.25 per share, implying a 91% premium and lifting the stock sharply. Utz Brands to Be Taken Private in $2.9 Billion Deal
- Positive Sentiment: The announced acquisition provides a clear takeover valuation and removes near-term uncertainty, which is typically supportive for the share price. Utz Brands to go private in $2.9 billion acquisition by Intersnack Group (UTZ)
- Neutral Sentiment: Several law firms announced investigations into whether the transaction price and process were fair to public shareholders; these headlines can create noise, but they do not change the deal terms on their own. UTZ Investigation Alert: BFA Law Announces an Investigation into the Utz Brands $14.25 Announced Acquisition
- Neutral Sentiment: Analyst downgrades from Barclays and Stephens to “equal weight” may temper enthusiasm, but they are secondary to the buyout news. Downgrade coverage
- Negative Sentiment: One commentary piece argued the investment thesis has played out and suggested exiting the stock, which could reflect a view that upside is now largely capped near the deal price. Utz Brands: The Buy Thesis Has Played Out – It’s Time To Exit
Analysts Set New Price Targets
UTZ has been the subject of a number of recent research reports. Weiss Ratings reaffirmed a “sell (d)” rating on shares of Utz Brands in a research report on Wednesday, June 24th. Stephens set a $14.25 target price on Utz Brands in a report on Tuesday. Barclays cut Utz Brands from an “overweight” rating to an “equal weight” rating and set a $14.00 price target for the company. in a research note on Tuesday. BTIG Research began coverage on Utz Brands in a report on Monday, April 13th. They set a “buy” rating and a $10.00 price target for the company. Finally, TD Cowen lowered their price objective on shares of Utz Brands from $11.00 to $9.00 and set a “hold” rating on the stock in a research report on Monday, April 20th. Three equities research analysts have rated the stock with a Buy rating, seven have given a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold” and an average target price of $12.70.
Utz Brands Trading Up 0.2%
The firm has a market capitalization of $2.03 billion, a price-to-earnings ratio of -140.84, a price-to-earnings-growth ratio of 2.72 and a beta of 0.82. The business’s 50 day moving average price is $7.55 and its 200-day moving average price is $8.38. The company has a debt-to-equity ratio of 0.62, a current ratio of 1.14 and a quick ratio of 0.75.
Utz Brands (NYSE:UTZ – Get Free Report) last announced its quarterly earnings data on Wednesday, May 6th. The company reported $0.15 EPS for the quarter, beating analysts’ consensus estimates of $0.14 by $0.01. Utz Brands had a negative net margin of 0.58% and a positive return on equity of 8.61%. The firm had revenue of $361.30 million during the quarter, compared to the consensus estimate of $361.76 million. During the same quarter last year, the firm earned $0.16 earnings per share. The firm’s revenue was up 2.6% compared to the same quarter last year. Utz Brands has set its FY 2026 guidance at 0.771-0.795 EPS. Equities analysts forecast that Utz Brands, Inc. will post 0.78 EPS for the current fiscal year.
Utz Brands Dividend Announcement
The firm also recently announced a quarterly dividend, which was paid on Thursday, July 2nd. Stockholders of record on Monday, June 22nd were paid a dividend of $0.063 per share. This represents a $0.25 dividend on an annualized basis and a dividend yield of 1.8%. The ex-dividend date of this dividend was Monday, June 22nd. Utz Brands’s dividend payout ratio is -250.00%.
Institutional Trading of Utz Brands
Institutional investors have recently modified their holdings of the business. Copeland Capital Management LLC lifted its holdings in Utz Brands by 17.8% in the first quarter. Copeland Capital Management LLC now owns 4,063,561 shares of the company’s stock valued at $32,183,000 after acquiring an additional 613,699 shares during the period. First Eagle Investment Management LLC boosted its position in shares of Utz Brands by 22.2% during the 4th quarter. First Eagle Investment Management LLC now owns 886,250 shares of the company’s stock worth $9,199,000 after purchasing an additional 160,720 shares in the last quarter. Jefferies Financial Group Inc. acquired a new position in shares of Utz Brands during the 4th quarter worth $2,336,000. Systematic Financial Management LP acquired a new position in shares of Utz Brands during the 4th quarter worth $2,984,000. Finally, Diamond Hill Capital Management Inc. increased its holdings in shares of Utz Brands by 78.7% in the 4th quarter. Diamond Hill Capital Management Inc. now owns 585,856 shares of the company’s stock valued at $6,081,000 after purchasing an additional 258,003 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.
Read More
- Five stocks we like better than Utz Brands
- Robotaxi Mode Engaged: Tesla Starts Monetizing Its Florida Fleet
- Velo3D Forges a New Reality After Its Sharp Stock Sell-Off
- Why Apple Could Be the Last One Standing in the Tech Wreck
- GE Sparks a High-Voltage Aviation Breakout
Receive News & Ratings for Utz Brands Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Utz Brands and related companies with MarketBeat.com's FREE daily email newsletter.
