Utz Brands (NYSE:UTZ) Upgraded at DA Davidson

Utz Brands (NYSE:UTZ) was upgraded by equities researchers at DA Davidson to a “strong-buy” rating in a note issued to investors on Monday,Zacks.com reports.

Other analysts have also recently issued research reports about the company. Zacks Research raised Utz Brands from a “strong sell” rating to a “hold” rating in a research report on Monday, April 20th. Barclays dropped their price target on Utz Brands from $12.00 to $10.00 and set an “overweight” rating on the stock in a research note on Tuesday, April 14th. UBS Group cut their price objective on Utz Brands from $10.00 to $8.50 and set a “neutral” rating on the stock in a report on Tuesday, April 7th. BTIG Research initiated coverage on Utz Brands in a research note on Monday, April 13th. They issued a “buy” rating and a $10.00 price objective for the company. Finally, Royal Bank Of Canada set a $15.00 target price on Utz Brands in a report on Thursday, April 9th. One analyst has rated the stock with a Strong Buy rating, four have issued a Buy rating, three have assigned a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $12.06.

Utz Brands Stock Performance

Shares of NYSE UTZ traded up $0.23 during midday trading on Monday, reaching $8.35. The company had a trading volume of 104,139 shares, compared to its average volume of 1,857,127. The business’s 50-day simple moving average is $7.45 and its 200 day simple moving average is $8.55. The stock has a market cap of $1.20 billion, a P/E ratio of -83.34, a P/E/G ratio of 3.02 and a beta of 0.82. Utz Brands has a 1 year low of $6.78 and a 1 year high of $14.67. The company has a current ratio of 1.14, a quick ratio of 0.75 and a debt-to-equity ratio of 0.62.

Utz Brands (NYSE:UTZ) last posted its quarterly earnings data on Wednesday, May 6th. The company reported $0.15 EPS for the quarter, topping the consensus estimate of $0.14 by $0.01. The business had revenue of $361.30 million during the quarter, compared to the consensus estimate of $361.76 million. Utz Brands had a negative net margin of 0.58% and a positive return on equity of 8.61%. The business’s revenue for the quarter was up 2.6% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.16 earnings per share. Utz Brands has set its FY 2026 guidance at 0.771-0.795 EPS. On average, analysts forecast that Utz Brands will post 0.78 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently added to or reduced their stakes in UTZ. NewEdge Advisors LLC purchased a new stake in Utz Brands in the second quarter valued at $25,000. Global Retirement Partners LLC raised its stake in shares of Utz Brands by 431.5% during the 4th quarter. Global Retirement Partners LLC now owns 3,343 shares of the company’s stock valued at $35,000 after buying an additional 2,714 shares during the last quarter. Farther Finance Advisors LLC raised its stake in shares of Utz Brands by 118.5% during the 4th quarter. Farther Finance Advisors LLC now owns 4,356 shares of the company’s stock valued at $45,000 after buying an additional 2,362 shares during the last quarter. Versant Capital Management Inc raised its stake in shares of Utz Brands by 363.5% during the 2nd quarter. Versant Capital Management Inc now owns 6,086 shares of the company’s stock valued at $47,000 after buying an additional 4,773 shares during the last quarter. Finally, Osaic Holdings Inc. lifted its holdings in shares of Utz Brands by 76.1% in the 2nd quarter. Osaic Holdings Inc. now owns 3,756 shares of the company’s stock valued at $47,000 after buying an additional 1,623 shares during the period. 95.97% of the stock is currently owned by institutional investors and hedge funds.

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.