Sei Investments Co. raised its holdings in Utz Brands, Inc. (NYSE:UTZ – Free Report) by 15.2% during the first quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 352,228 shares of the company’s stock after purchasing an additional 46,599 shares during the quarter. Sei Investments Co.’s holdings in Utz Brands were worth $2,790,000 as of its most recent filing with the Securities and Exchange Commission.
Other large investors have also modified their holdings of the company. NewEdge Advisors LLC acquired a new stake in shares of Utz Brands in the 2nd quarter valued at approximately $25,000. Global Retirement Partners LLC grew its holdings in 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 acquiring an additional 2,714 shares during the period. Farther Finance Advisors LLC grew its holdings in Utz Brands by 118.5% during the fourth quarter. Farther Finance Advisors LLC now owns 4,356 shares of the company’s stock worth $45,000 after acquiring an additional 2,362 shares during the period. Osaic Holdings Inc. raised its position in Utz Brands by 76.1% in the second quarter. Osaic Holdings Inc. now owns 3,756 shares of the company’s stock worth $47,000 after acquiring an additional 1,623 shares in the last quarter. Finally, Aster Capital Management DIFC Ltd raised its position in Utz Brands by 134.0% in the fourth quarter. Aster Capital Management DIFC Ltd now owns 6,125 shares of the company’s stock worth $64,000 after acquiring an additional 3,507 shares in the last quarter. 95.97% of the stock is owned by hedge funds and other institutional investors.
Wall Street Analysts Forecast Growth
Several equities research analysts have commented on UTZ shares. Jefferies Financial Group lowered shares of Utz Brands from a “strong-buy” rating to a “hold” rating and set a $14.25 target price on the stock. in a research report on Tuesday, July 21st. Piper Sandler reiterated a “neutral” rating and issued a $14.25 price target (up from $10.00) on shares of Utz Brands in a report on Thursday, July 23rd. Stephens set a $14.25 price objective on shares of Utz Brands in a research note on Tuesday, July 21st. TD Cowen lowered their target price 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. Finally, DA Davidson reaffirmed a “neutral” rating and issued a $14.25 target price (down from $15.00) on shares of Utz Brands in a report on Wednesday, July 22nd. One equities research analyst has rated the stock with a Buy rating, nine have issued a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat, Utz Brands has an average rating of “Hold” and a consensus price target of $13.39.
Utz Brands Stock Down 0.0%
UTZ opened at $14.15 on Friday. The company has a debt-to-equity ratio of 0.62, a quick ratio of 0.75 and a current ratio of 1.14. The company has a market cap of $2.04 billion, a price-to-earnings ratio of -42.89 and a beta of 0.74. Utz Brands, Inc. has a one year low of $6.78 and a one year high of $14.19. The business’s fifty day moving average is $9.29 and its two-hundred day moving average is $8.75.
Utz Brands (NYSE:UTZ – Get Free Report) last announced its quarterly earnings results on Wednesday, August 5th. The company reported $0.19 earnings per share for the quarter, beating analysts’ consensus estimates of $0.18 by $0.01. The business had revenue of $371.80 million during the quarter, compared to analysts’ expectations of $374.18 million. Utz Brands had a positive return on equity of 8.92% and a negative net margin of 2.00%.The business’s revenue for the quarter was up 1.4% on a year-over-year basis. During the same quarter last year, the business posted $0.17 earnings per share. Analysts anticipate 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. Shareholders of record on Monday, June 22nd were issued a dividend of $0.063 per share. This represents a $0.25 annualized dividend and a yield of 1.8%. The ex-dividend date was Monday, June 22nd. Utz Brands’s dividend payout ratio (DPR) is -250.00%.
Utz Brands 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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