Utz Brands (NYSE:UTZ – Get Free Report) was downgraded by equities research analysts at Piper Sandler from a “strong-buy” rating to a “hold” rating in a note issued to investors on Wednesday,Zacks.com reports.
Other research analysts also recently issued research reports about the stock. TD Cowen dropped their price objective on shares of Utz Brands from $11.00 to $9.00 and set a “hold” rating for the company in a research note on Monday, April 20th. Zacks Research upgraded shares of Utz Brands from a “strong sell” rating to a “hold” rating in a report on Monday, April 20th. Jefferies Financial Group downgraded shares of Utz Brands from a “strong-buy” rating to a “hold” rating and set a $14.25 target price for the company. in a report on Tuesday. Barclays lowered shares of Utz Brands from an “overweight” rating to an “equal weight” rating and set a $14.00 price target for the company. in a research report on Tuesday. Finally, BTIG Research began coverage on shares of Utz Brands in a research note on Monday, April 13th. They set a “buy” rating and a $10.00 price target on the stock. Two equities research analysts have rated the stock with a Buy rating, eight have issued a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat, the company has a consensus rating of “Hold” and an average target price of $13.39.
View Our Latest Analysis on UTZ
Utz Brands Stock Performance
Utz Brands (NYSE:UTZ – Get Free Report) last released its earnings results on Wednesday, May 6th. The company reported $0.15 EPS for the quarter, topping the consensus estimate of $0.14 by $0.01. The firm had revenue of $361.30 million during the quarter, compared to analysts’ expectations of $361.76 million. Utz Brands had a negative net margin of 0.58% and a positive return on equity of 8.61%. Utz Brands’s revenue for the quarter was up 2.6% on a year-over-year basis. During the same period in the previous year, the company earned $0.16 EPS. Utz Brands has set its FY 2026 guidance at 0.771-0.795 EPS. On average, sell-side analysts predict that Utz Brands will post 0.78 EPS for the current year.
Hedge Funds Weigh In On Utz Brands
Institutional investors and hedge funds have recently bought and sold shares of the stock. NewEdge Advisors LLC acquired a new stake in Utz Brands in the second quarter valued at approximately $25,000. Global Retirement Partners LLC lifted its position in shares of Utz Brands by 431.5% during the fourth quarter. Global Retirement Partners LLC now owns 3,343 shares of the company’s stock worth $35,000 after purchasing an additional 2,714 shares in the last quarter. Farther Finance Advisors LLC boosted its stake in shares of Utz Brands by 118.5% in the fourth quarter. Farther Finance Advisors LLC now owns 4,356 shares of the company’s stock valued at $45,000 after purchasing an additional 2,362 shares during the period. Versant Capital Management Inc grew its holdings in Utz Brands by 363.5% during the 2nd quarter. Versant Capital Management Inc now owns 6,086 shares of the company’s stock valued at $47,000 after purchasing an additional 4,773 shares in the last quarter. Finally, Osaic Holdings Inc. increased its stake in Utz Brands by 76.1% during 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 during the period. Hedge funds and other institutional investors own 95.97% of the company’s stock.
More Utz Brands News
Here are the key news stories impacting Utz Brands this week:
- Positive Sentiment: Utz agreed to be acquired in a $2.9 billion take-private deal by Intersnack Group, giving shareholders a fixed cash exit near $14.25 per share and driving the stock closer to the deal price. Utz Will Go Private in $2.9B Deal With Intersnack
- Positive Sentiment: Piper Sandler reaffirmed a neutral rating but raised its price target to $14.25 from $10.00, suggesting the market may have already largely priced in the transaction value. Piper Sandler rating update
- Neutral Sentiment: Multiple law firms have announced investigations into whether the $14.25 buyout price is fair to current UTZ shareholders. These reviews do not change the deal itself, but they can add headline risk and uncertainty around the closing process. UTZ Notification: Utz Brands Investigated Over $14.25 per share Transaction
- Negative Sentiment: Several brokerages, including DA Davidson, Barclays, and Stephens, downgraded UTZ to weaker ratings after the deal announcement, reflecting limited upside beyond the takeover price and potential execution risk before closing. Barclays Downgrades Utz Brands to Equal Weight
About Utz Brands
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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