Shares of Utz Brands, Inc. (NYSE:UTZ – Get Free Report) have received a consensus rating of “Hold” from the eleven research firms that are currently covering the company, MarketBeat.com reports. One analyst has rated the stock with a sell rating, nine have issued a hold rating and one has assigned a buy rating to the company. The average 12 month price target among analysts that have updated their coverage on the stock in the last year is $13.3864.
A number of analysts have commented on the company. Wall Street Zen cut Utz Brands from a “hold” rating to a “sell” rating in a research report on Saturday, July 25th. Barclays lowered Utz Brands from an “overweight” rating to an “equal weight” rating and set a $14.00 price objective for the company. in a research note on Tuesday, July 21st. Piper Sandler reaffirmed a “neutral” rating and set a $14.25 price objective (up from $10.00) on shares of Utz Brands in a report on Thursday, July 23rd. Jefferies Financial Group cut shares of Utz Brands from a “strong-buy” rating to a “hold” rating and set a $14.25 target price for the company. in a research note on Tuesday, July 21st. Finally, Weiss Ratings restated a “sell (d)” rating on shares of Utz Brands in a research report on Wednesday, June 24th.
Check Out Our Latest Stock Report on Utz Brands
Hedge Funds Weigh In On Utz Brands
Utz Brands Stock Up 0.1%
NYSE:UTZ opened at $14.28 on Friday. The firm has a 50-day simple moving average of $13.24 and a two-hundred day simple moving average of $9.59. The firm has a market cap of $2.06 billion, a P/E ratio of -43.26 and a beta of 0.76. Utz Brands has a fifty-two week low of $6.78 and a fifty-two week high of $14.33. 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 (NYSE:UTZ – Get Free Report) last issued its quarterly earnings data 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. Utz Brands had a negative net margin of 2.00% and a positive return on equity of 8.97%. The company had revenue of $371.80 million for the quarter, compared to the consensus estimate of $374.18 million. During the same quarter in the prior year, the firm earned $0.17 earnings per share. The firm’s revenue for the quarter was up 1.4% compared to the same quarter last year. Analysts predict that Utz Brands will post 0.8 earnings per share for the current fiscal year.
Utz Brands Announces Dividend
The firm also recently announced a quarterly dividend, which will be paid on Thursday, October 1st. Stockholders of record on Monday, September 21st will be issued a $0.063 dividend. The ex-dividend date is Monday, September 21st. This represents a $0.25 dividend on an annualized basis and a dividend yield of 1.8%. Utz Brands’s payout ratio is -75.76%.
About Utz Brands
Utz Brands, Inc is a U.S.-based snack food manufacturer and distributor headquartered in Hanover, Pennsylvania. The company produces and sells a broad range of branded salty snacks, including potato chips, tortilla chips, pretzels, cheese snacks, popcorn, pork rinds and other snack foods.
Its portfolio includes the Utz, Zapp’s, Boulder Canyon, On The Border and other regional and specialty snack brands. Utz products are sold through grocery stores, mass merchants, club retailers, convenience stores and other retail channels, as well as through e-commerce and foodservice distributors.
Founded in 1921 as a family-operated potato chip business in Hanover, Utz expanded through organic growth and acquisitions into a national snack food company.
Featured Articles
- Five stocks we like better than Utz Brands
- Aeluma’s Selloff Could Be Setting Up Its Next Big Move
- Crypto Bill Stalls, Smart Money Calls: Time to Buy the Dip?
- The September Scramble: Find Sanctuary in These 3 Defensive Dividend Stocks
- The Fed’s Rate Hike Could Backfire If Oil Prices Collapse
Receive News & Ratings for Utz Brands Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Utz Brands and related companies with MarketBeat.com's FREE daily email newsletter.
