Utz Brands, Inc. (NYSE:UTZ – Get Free Report) announced a quarterly dividend on Thursday, September 10th. Stockholders of record on Monday, September 21st will be given a dividend of 0.063 per share on Thursday, October 1st. This represents a c) dividend on an annualized basis and a dividend yield of 1.8%. The ex-dividend date is Monday, September 21st.
Utz Brands has raised its dividend by an average of 0.2%per year over the last three years and has increased its dividend every year for the last 3 years. Utz Brands has a dividend payout ratio of 26.0% indicating that its dividend is sufficiently covered by earnings. Analysts expect Utz Brands to earn $0.86 per share next year, which means the company should continue to be able to cover its $0.25 annual dividend with an expected future payout ratio of 29.1%.
Utz Brands Stock Up 0.1%
Shares of Utz Brands stock opened at $14.23 on Friday. The company has a debt-to-equity ratio of 0.62, a quick ratio of 0.69 and a current ratio of 1.06. Utz Brands has a 52-week low of $6.78 and a 52-week high of $14.27. The stock has a market capitalization of $2.05 billion, a price-to-earnings ratio of -43.14 and a beta of 0.76. The company’s 50 day moving average price is $12.62 and its 200-day moving average price is $9.42.
Wall Street Analysts Forecast Growth
UTZ has been the subject of a number of analyst reports. Wall Street Zen lowered shares of Utz Brands from a “hold” rating to a “sell” rating in a report on Saturday, July 25th. Stephens set a $14.25 price target on Utz Brands in a research report on Tuesday, July 21st. BTIG Research cut Utz Brands from a “buy” rating to a “hold” rating in a report on Monday, July 27th. Jefferies Financial Group lowered Utz Brands from a “strong-buy” rating to a “hold” rating and set a $14.25 price objective on the stock. in a research report on Tuesday, July 21st. Finally, DA Davidson reissued a “neutral” rating and set a $14.25 target price (down from $15.00) on shares of Utz Brands in a research note on Wednesday, July 22nd. One equities research analyst has rated the stock with a Buy rating, nine have given a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat.com, the company has a consensus rating of “Hold” and an average price target of $13.39.
View Our Latest Stock Report on UTZ
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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