Tributary Capital Management LLC Purchases 43,699 Shares of Utz Brands, Inc. $UTZ

Tributary Capital Management LLC boosted its stake in Utz Brands, Inc. (NYSE:UTZ) by 5.3% during the 2nd quarter, Holdings Channel.com reports. The institutional investor owned 874,421 shares of the company’s stock after buying an additional 43,699 shares during the period. Tributary Capital Management LLC’s holdings in Utz Brands were worth $10,974,000 at the end of the most recent reporting period.

Several other institutional investors have also bought and sold shares of UTZ. Janney Montgomery Scott LLC acquired a new stake in Utz Brands in the 1st quarter valued at $196,000. Envestnet Portfolio Solutions Inc. boosted its stake in Utz Brands by 20.1% in the first quarter. Envestnet Portfolio Solutions Inc. now owns 14,376 shares of the company’s stock worth $202,000 after purchasing an additional 2,408 shares in the last quarter. First Bank & Trust boosted its stake in Utz Brands by 22.5% in the first quarter. First Bank & Trust now owns 14,198 shares of the company’s stock worth $200,000 after purchasing an additional 2,610 shares in the last quarter. First Horizon Advisors Inc. boosted its stake in Utz Brands by 44.8% in the first quarter. First Horizon Advisors Inc. now owns 7,887 shares of the company’s stock worth $111,000 after purchasing an additional 2,441 shares in the last quarter. Finally, Teacher Retirement System of Texas acquired a new position in Utz Brands in the first quarter worth $144,000. Institutional investors and hedge funds own 95.97% of the company’s stock.

Insiders Place Their Bets

In other Utz Brands news, Director Christina Choi sold 5,703 shares of the stock in a transaction dated Thursday, September 4th. The stock was 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 approximately $459,467.30. This represents a 14.47% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Insiders own 16.32% of the company’s stock.

Analysts Set New Price Targets

A number of research firms have commented on UTZ. Weiss Ratings reissued a “sell (d+)” rating on shares of Utz Brands in a research note on Wednesday, October 8th. Barclays reduced their price objective on Utz Brands from $17.00 to $16.00 and set an “overweight” rating on the stock in a research note on Friday, June 27th. Finally, UBS Group reduced their price objective on Utz Brands from $15.00 to $13.50 and set a “neutral” rating on the stock in a research note on Wednesday, October 8th. Five equities research analysts have rated the stock with a Buy rating, two have assigned a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $17.07.

Utz Brands Trading Up 1.1%

Shares of UTZ opened at $12.61 on Thursday. The company has a quick ratio of 0.87, a current ratio of 1.29 and a debt-to-equity ratio of 0.62. Utz Brands, Inc. has a 12-month low of $11.53 and a 12-month high of $18.29. The firm has a market capitalization of $1.79 billion, a PE ratio of 60.07, a price-to-earnings-growth ratio of 1.68 and a beta of 1.02. The stock’s fifty day simple moving average is $12.74 and its 200-day simple moving average is $13.04.

Utz Brands (NYSE:UTZ) last released 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 net margin of 1.27% and a return on equity of 7.81%. The company 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 posted $0.19 EPS. The company’s quarterly revenue was up 2.9% compared to the same quarter last year. Utz Brands has set its FY 2025 guidance at 0.820-0.850 EPS. As a group, research analysts predict that Utz Brands, Inc. will post 0.85 earnings per share for the current year.

Utz Brands Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Thursday, October 2nd. Shareholders of record on Monday, September 15th were paid a $0.061 dividend. The ex-dividend date of this dividend was Monday, September 15th. This represents a $0.24 annualized dividend and a yield of 1.9%. Utz Brands’s dividend payout ratio is presently 114.29%.

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.