Utz Brands, Inc. $UTZ Shares Newly Purchased by ProShare Advisors LLC

ProShare Advisors LLC purchased a new stake in shares of Utz Brands, Inc. (NYSE:UTZ – Free Report) in the third quarter, according to its most recent filing with the SEC. The firm purchased 35,298 shares of the company’s stock, valued at approximately $503,000.

Several other institutional investors have also modified their holdings of UTZ. Signaturefd LLC boosted its stake in shares of Utz Brands by 3,524.2% during the 3rd quarter. Signaturefd LLC now owns 2,247 shares of the company’s stock worth $32,000 after acquiring an additional 2,185 shares in the last quarter. GAMMA Investing LLC increased its stake in Utz Brands by 318.5% in the 3rd quarter. GAMMA Investing LLC now owns 3,783 shares of the company’s stock valued at $54,000 after purchasing an additional 2,879 shares in the last quarter. Versant Capital Management Inc raised its holdings in Utz Brands by 363.5% during the second quarter. Versant Capital Management Inc now owns 6,086 shares of the company’s stock worth $47,000 after purchasing an additional 4,773 shares during the last quarter. AXQ Capital LP acquired a new position in Utz Brands during the second quarter worth $80,000. Finally, Vise Technologies Inc. acquired a new position in Utz Brands during the third quarter worth $159,000. Hedge funds and other institutional investors own 95.97% of the company’s stock.

Analysts Set New Price Targets

Several analysts have weighed in on UTZ shares. Weiss Ratings raised Utz Brands from a “sell (d)” rating to a “sell (d+)” rating in a report on Monday, October 12th. UBS Group reaffirmed a “neutral” rating and set a $14.25 price target on shares of Utz Brands in a research note on Wednesday, July 22nd. Stephens set a $14.25 price objective on shares of Utz Brands in a research report on Tuesday, July 21st. DA Davidson cut shares of Utz Brands from a “buy” rating to a “neutral” rating and lowered their price objective for the company from $15.00 to $14.25 in a research note on Wednesday, July 22nd. Finally, BTIG Research downgraded shares of Utz Brands from a “buy” rating to a “hold” rating in a report on Monday, July 27th. One equities research analyst has rated the stock with a Buy rating, nine have given a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average target price of $13.39.

Get Our Latest Stock Report on UTZ

Utz Brands Trading Up 0.0%

Shares of Utz Brands stock opened at $14.24 on Tuesday. Utz Brands, Inc. has a 1 year low of $6.78 and a 1 year high of $14.36. The company has a debt-to-equity ratio of 0.62, a current ratio of 1.06 and a quick ratio of 0.69. The business has a 50 day moving average price of $14.27 and a 200 day moving average price of $10.53. The company has a market capitalization of $2.05 billion, a P/E ratio of -33.13 and a beta of 0.79.

Utz Brands (NYSE:UTZ – Get Free Report) last announced its earnings results on Friday, November 6th. The company reported $0.10 EPS for the quarter, missing analysts’ consensus estimates of $0.23 by ($0.13). The company had revenue of $369.20 million for the quarter, compared to analyst estimates of $384.60 million. Utz Brands had a negative net margin of 2.00% and a positive return on equity of 8.97%. Utz Brands’s quarterly revenue was down 2.3% compared to the same quarter last year. During the same quarter last year, the company posted $0.23 EPS. Sell-side analysts anticipate that Utz Brands, Inc. will post 0.80 EPS for the current fiscal year.

Utz Brands Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, October 1st. Stockholders of record on Monday, September 21st were given a $0.0630 dividend. This represents a $0.25 annualized dividend and a dividend yield of 1.8%. The ex-dividend date was Monday, September 21st. Utz Brands’s dividend payout ratio is currently -58.14%.

About Utz Brands

(Free Report)

Utz Brands, Inc makes and markets snack foods, including potato chips, pretzels, tortilla chips, popcorn, pork rinds and cheese snacks. Its portfolio includes Utz, Zapp’s, Boulder Canyon, On The Border and Golden Flake, among other brands.

Founded in 1921 by William and Salie Utz in Hanover, Pennsylvania, the company began as a family-operated potato chip business and has grown through expansion and acquisitions. Utz is headquartered in Hanover.

The company sells its products across the United States, with a longstanding presence in the eastern U.S.

See Also

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Institutional Ownership by Quarter for Utz Brands (NYSE:UTZ)

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