Analysts Set Utz Brands, Inc. (NYSE:UTZ) Price Target at $17.29

Utz Brands, Inc. (NYSE:UTZ) has been assigned an average rating of “Moderate Buy” from the seven analysts that are covering the stock, MarketBeat Ratings reports. Two research analysts have rated the stock with a hold recommendation and five have issued a buy recommendation on the company. The average 1 year price target among brokerages that have covered the stock in the last year is $17.2857.

Several brokerages have recently commented on UTZ. UBS Group increased their price target on shares of Utz Brands from $13.50 to $15.00 and gave the stock a “neutral” rating in a research note on Thursday, July 17th. Barclays decreased their price objective on shares of Utz Brands from $17.00 to $16.00 and set an “overweight” rating for the company in a report on Friday, June 27th.

Utz Brands Price Performance

Shares of NYSE:UTZ opened at $12.15 on Friday. The company has a current ratio of 1.29, a quick ratio of 0.87 and a debt-to-equity ratio of 0.62. Utz Brands has a 1 year low of $11.53 and a 1 year high of $18.29. The business has a fifty day simple moving average of $13.14 and a 200 day simple moving average of $13.21. The firm has a market cap of $1.72 billion, a price-to-earnings ratio of 57.86, a P/E/G ratio of 1.59 and a beta of 1.03.

Utz Brands (NYSE:UTZ) last issued its earnings results on Thursday, July 31st. The company reported $0.17 earnings per share for the quarter, missing the consensus estimate of $0.19 by ($0.02). Utz Brands had a return on equity of 7.81% and a net margin of 1.27%.The firm had revenue of $366.70 million during the quarter, compared to analyst estimates of $360.55 million. During the same period in the previous year, the company earned $0.19 earnings per share. The business’s revenue for the quarter was up 2.9% on a year-over-year basis. Utz Brands has set its FY 2025 guidance at 0.820-0.850 EPS. As a group, sell-side analysts predict that Utz Brands will post 0.85 earnings per share for the current fiscal year.

Utz Brands Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Thursday, October 2nd. Shareholders of record on Monday, September 15th will be given a dividend of $0.061 per share. The ex-dividend date of this dividend is Monday, September 15th. This represents a $0.24 dividend on an annualized basis and a yield of 2.0%. Utz Brands’s dividend payout ratio is presently 114.29%.

Insider Activity at Utz Brands

In other news, Director Christina Choi sold 5,703 shares of Utz Brands stock in a transaction that occurred on Thursday, September 4th. The shares were sold at an average price of $13.63, for a total value of $77,731.89. Following the transaction, the director owned 33,710 shares of the company’s stock, valued at $459,467.30. This trade represents a 14.47% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 16.32% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently bought and sold shares of UTZ. Ameriprise Financial Inc. grew its position in shares of Utz Brands by 38.0% in the first quarter. Ameriprise Financial Inc. now owns 5,671,757 shares of the company’s stock valued at $79,858,000 after purchasing an additional 1,560,884 shares during the last quarter. Balyasny Asset Management L.P. boosted its stake in Utz Brands by 42.3% during the 2nd quarter. Balyasny Asset Management L.P. now owns 2,946,512 shares of the company’s stock valued at $36,979,000 after purchasing an additional 875,847 shares during the period. Tributary Capital Management LLC bought a new stake in Utz Brands during the 1st quarter valued at approximately $11,697,000. Bahl & Gaynor Inc. grew its holdings in Utz Brands by 221.7% in the 1st quarter. Bahl & Gaynor Inc. now owns 914,325 shares of the company’s stock valued at $12,874,000 after buying an additional 630,149 shares during the last quarter. Finally, Goldman Sachs Group Inc. increased its position in Utz Brands by 40.8% in the 1st quarter. Goldman Sachs Group Inc. now owns 2,022,709 shares of the company’s stock worth $28,480,000 after buying an additional 585,952 shares during the period. Institutional investors and hedge funds own 95.97% of the company’s stock.

Utz Brands Company Profile

Utz Brands, Inc engages in manufacture, marketing, and distribution of snack foods. It offers a range of salty snacks, including salty snacks, including potato chips, tortilla chips, pretzels, cheese snacks, pork skins, veggie snacks, pub/party mixes, tortilla chips, salsa and dips, ready-to-eat popcorn, and other snacks under the Utz, Zapp’s, ON THE BORDER, Golden Flake, Boulder Canyon, Hawaiian, TORTIYAHS!, etc.