Utz Brands (NYSE:UTZ – Get Free Report) was downgraded by analysts at DA Davidson from a “strong-buy” rating to a “hold” rating in a research note issued on Wednesday,Zacks.com reports.
UTZ has been the topic of a number of other research reports. Jefferies Financial Group cut shares of Utz Brands from a “strong-buy” rating to a “hold” rating and set a $14.25 price target on the stock. in a research note on Tuesday. Royal Bank Of Canada set a $15.00 price objective on shares of Utz Brands in a research report on Thursday, April 9th. Stephens set a $14.25 price objective on shares of Utz Brands in a report on Tuesday. UBS Group reiterated a “neutral” rating and issued a $14.25 target price on shares of Utz Brands in a research report on Wednesday. Finally, Barclays cut shares of Utz Brands from an “overweight” rating to an “equal weight” rating and set a $14.00 target price for the company. in a research note on Tuesday. Three analysts have rated the stock with a Buy rating, seven have assigned a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, Utz Brands presently has an average rating of “Hold” and a consensus target price of $13.27.
Check Out Our Latest Report on Utz Brands
Utz Brands Stock Performance
Utz Brands (NYSE:UTZ – Get Free Report) last issued its quarterly earnings data on Wednesday, May 6th. The company reported $0.15 EPS for the quarter, beating the consensus estimate of $0.14 by $0.01. The company had revenue of $361.30 million for the quarter, compared to analyst estimates of $361.76 million. Utz Brands had a positive return on equity of 8.61% and a negative net margin of 0.58%.Utz Brands’s quarterly revenue was up 2.6% compared to the same quarter last year. During the same period last year, the company earned $0.16 earnings per share. Utz Brands has set its FY 2026 guidance at 0.771-0.795 EPS. Sell-side analysts anticipate that Utz Brands will post 0.78 EPS for the current fiscal year.
Institutional Inflows and Outflows
A number of institutional investors have recently bought and sold shares of UTZ. NewEdge Advisors LLC purchased a new position in Utz Brands in the 2nd quarter worth approximately $25,000. Global Retirement Partners LLC grew its position in shares of Utz Brands by 431.5% in the fourth quarter. Global Retirement Partners LLC now owns 3,343 shares of the company’s stock valued at $35,000 after purchasing an additional 2,714 shares in the last quarter. Osaic Holdings Inc. increased its holdings in shares of Utz Brands by 76.1% in the second quarter. Osaic Holdings Inc. now owns 3,756 shares of the company’s stock valued at $47,000 after purchasing an additional 1,623 shares during the last quarter. Farther Finance Advisors LLC increased 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 valued at $45,000 after purchasing an additional 2,362 shares during the last quarter. Finally, Versant Capital Management Inc increased its holdings in shares of Utz Brands by 363.5% in the second 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 during the last quarter. 95.97% of the stock is owned by hedge funds and other institutional investors.
Utz Brands News Roundup
Here are the key news stories impacting Utz Brands this week:
- Positive Sentiment: Utz Brands agreed to be acquired by Intersnack Group for $14.25 per share in cash, sending the stock sharply higher on the takeover premium. Utz Brands to be taken private by Germany’s Intersnack Group
- Positive Sentiment: The deal price implies a roughly 91% premium, which is driving heavy trading and optimism that shareholders will receive a sizable cash payout if the transaction closes. Utz Brands to Be Taken Private in $2.9 Billion Deal
- Positive Sentiment: Several market reports highlighted that packaged-food peers also benefited from the buyout news, reinforcing the view that the transaction confirms strategic value in the snack category. Packaged food stocks perk up after Utz Brands buyout
- Neutral Sentiment: Law firms have launched investigations into whether the sale process and price were fair to public shareholders, which is common in take-private deals but could create headline risk. Shareholder Alert: The M&A Class Action Firm Announces An Investigation of Utz Brands, Inc.
- Negative Sentiment: Analyst downgrades from Barclays and Stephens to “equal weight” suggest limited upside from here given the deal price is near the expected value. Utz Brands was downgraded by Barclays PLC
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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