TD Cowen Cuts Utz Brands (NYSE:UTZ) Price Target to $9.00

Utz Brands (NYSE:UTZ) had its price objective reduced by equities researchers at TD Cowen from $11.00 to $9.00 in a report released on Monday, MarketBeat Ratings reports. The firm currently has a “hold” rating on the stock. TD Cowen’s price target suggests a potential upside of 19.44% from the stock’s previous close.

Several other equities analysts have also commented on UTZ. Bank of America lowered their price target on shares of Utz Brands from $15.00 to $14.00 and set a “buy” rating for the company in a research report on Tuesday, January 13th. Zacks Research cut Utz Brands from a “hold” rating to a “strong sell” rating in a report on Wednesday, January 14th. Weiss Ratings reiterated a “sell (d)” rating on shares of Utz Brands in a research report on Friday, March 27th. DA Davidson set a $15.00 target price on Utz Brands in a research report on Wednesday, January 14th. Finally, UBS Group reduced their price target on Utz Brands from $10.00 to $8.50 and set a “neutral” rating for the company in a research report on Tuesday, April 7th. Five research analysts have rated the stock with a Buy rating, two have assigned a Hold rating and two have issued a Sell rating to the stock. According to data from MarketBeat, Utz Brands presently has a consensus rating of “Hold” and an average target price of $12.06.

Utz Brands Stock Down 0.5%

Shares of NYSE UTZ traded down $0.04 during trading on Monday, reaching $7.54. 84,574 shares of the stock were exchanged, compared to its average volume of 1,789,369. The company has a market capitalization of $1.08 billion, a price-to-earnings ratio of 753.95, a price-to-earnings-growth ratio of 2.79 and a beta of 0.98. The business’s 50-day moving average price is $8.36 and its 200 day moving average price is $9.82. The company has a quick ratio of 0.82, a current ratio of 1.19 and a debt-to-equity ratio of 0.62. Utz Brands has a twelve month low of $7.11 and a twelve month high of $14.67.

Utz Brands (NYSE:UTZ) last posted its quarterly earnings data on Thursday, February 12th. The company reported $0.26 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.26. The company had revenue of $342.20 million for the quarter, compared to the consensus estimate of $346.99 million. Utz Brands had a return on equity of 8.57% and a net margin of 0.06%.Utz Brands’s revenue for the quarter was up .4% compared to the same quarter last year. During the same period in the previous year, the business earned $0.22 EPS. Utz Brands has set its FY 2026 guidance at 0.771-0.795 EPS. As a group, equities analysts forecast that Utz Brands will post 0.85 EPS for the current fiscal year.

Hedge Funds Weigh In On Utz Brands

Hedge funds have recently made changes to their positions in the business. NewEdge Advisors LLC bought a new stake in Utz Brands during the second quarter worth approximately $25,000. Aster Capital Management DIFC Ltd boosted its position in shares of Utz Brands by 194.8% in the 3rd quarter. Aster Capital Management DIFC Ltd now owns 2,618 shares of the company’s stock valued at $32,000 after purchasing an additional 1,730 shares during the period. Global Retirement Partners LLC increased its stake in Utz Brands by 431.5% in the 4th 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. Osaic Holdings Inc. raised its holdings 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. Finally, Farther Finance Advisors LLC boosted its holdings 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 worth $45,000 after buying an additional 2,362 shares during the period. Institutional investors and hedge funds own 95.97% of the company’s stock.

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.