Utz Brands (NYSE:UTZ) Major Shareholder Buys $13,371.06 in Stock

Utz Brands, Inc. (NYSE:UTZ) major shareholder Series Of Um Partners, Llc purchased 1,406 shares of the firm’s stock in a transaction dated Monday, November 24th. The shares were bought at an average price of $9.51 per share, with a total value of $13,371.06. Following the purchase, the insider owned 630,000 shares in the company, valued at $5,991,300. This represents a 0.22% increase in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Major shareholders that own more than 10% of a company’s stock are required to disclose their sales and purchases with the SEC.

Utz Brands Stock Performance

Shares of Utz Brands stock traded down $0.32 on Monday, reaching $9.21. The stock had a trading volume of 1,523,335 shares, compared to its average volume of 1,162,151. The company has a debt-to-equity ratio of 0.62, a quick ratio of 0.80 and a current ratio of 1.22. The business’s 50-day moving average price is $11.58 and its two-hundred day moving average price is $12.66. The stock has a market cap of $1.32 billion, a P/E ratio of 131.60, a price-to-earnings-growth ratio of 1.29 and a beta of 1.00. Utz Brands, Inc. has a fifty-two week low of $9.19 and a fifty-two week high of $17.78.

Utz Brands (NYSE:UTZ) last posted its earnings results on Thursday, October 30th. The company reported $0.23 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.23. The business had revenue of $377.80 million for the quarter, compared to analyst estimates of $374.25 million. Utz Brands had a net margin of 0.39% and a return on equity of 8.12%. Utz Brands’s revenue was up 3.4% compared to the same quarter last year. During the same period last year, the business posted $0.21 EPS. Utz Brands has set its FY 2025 guidance at 0.824-0.847 EPS. On average, sell-side analysts forecast that Utz Brands, Inc. will post 0.85 EPS for the current year.

Utz Brands Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, October 2nd. Investors of record on Monday, September 15th were given a dividend of $0.061 per share. This represents a $0.24 annualized dividend and a dividend yield of 2.6%. The ex-dividend date of this dividend was Monday, September 15th. Utz Brands’s payout ratio is currently 342.86%.

Analysts Set New Price Targets

Several research analysts have commented on the company. TD Cowen dropped their price target on Utz Brands from $14.00 to $12.00 and set a “hold” rating on the stock in a research report on Friday, October 31st. Piper Sandler cut their target price on shares of Utz Brands from $19.00 to $15.00 and set an “overweight” rating for the company in a research note on Friday. Mizuho set a $16.00 price target on shares of Utz Brands in a research report on Monday, November 3rd. UBS Group cut their price objective on shares of Utz Brands from $13.50 to $11.50 and set a “neutral” rating for the company in a research report on Friday, October 31st. Finally, Barclays reiterated an “overweight” rating and issued a $14.00 target price on shares of Utz Brands in a research note on Friday, October 31st. Five analysts have rated the stock with a Buy rating, two have given a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $14.93.

Institutional Investors Weigh In On Utz Brands

Institutional investors have recently added to or reduced their stakes in the stock. Vanguard Group Inc. grew its holdings in shares of Utz Brands by 7.2% in the 1st quarter. Vanguard Group Inc. now owns 7,439,869 shares of the company’s stock worth $104,753,000 after purchasing an additional 501,374 shares during the last quarter. Bryce Point Capital LLC bought a new position in Utz Brands during the 2nd quarter valued at about $737,000. Astra Wealth Partners LLC acquired a new position in Utz Brands in the second quarter valued at about $1,155,000. Ameriprise Financial Inc. grew its stake in Utz Brands by 38.0% during the first quarter. Ameriprise Financial Inc. now owns 5,671,757 shares of the company’s stock worth $79,858,000 after buying an additional 1,560,884 shares during the last quarter. Finally, Natixis Advisors LLC bought a new stake in Utz Brands during the first quarter worth about $602,000. 95.97% of the stock is owned by institutional investors and hedge funds.

About Utz Brands

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.