Utz Brands (NYSE:UTZ) CEO Acquires $76,176.00 in Stock

Utz Brands, Inc. (NYSE:UTZ) CEO Howard Friedman acquired 7,200 shares of the firm’s stock in a transaction dated Monday, November 3rd. The stock was bought at an average price of $10.58 per share, for a total transaction of $76,176.00. Following the acquisition, the chief executive officer owned 66,298 shares of the company’s stock, valued at approximately $701,432.84. This trade represents a 12.18% increase in their position. The purchase was disclosed in a legal filing with the SEC, which can be accessed through this link.

Utz Brands Trading Down 2.3%

Shares of UTZ stock opened at $10.23 on Friday. The business has a 50-day moving average of $12.31 and a 200 day moving average of $12.88. The company has a debt-to-equity ratio of 0.62, a current ratio of 1.22 and a quick ratio of 0.80. Utz Brands, Inc. has a 1-year low of $10.06 and a 1-year high of $17.82. The stock has a market capitalization of $1.45 billion, a PE ratio of 146.14, a P/E/G ratio of 1.40 and a beta of 1.00.

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

Utz Brands Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, October 2nd. Shareholders of record on Monday, September 15th were given a dividend of $0.061 per share. The ex-dividend date of this dividend was Monday, September 15th. This represents a $0.24 annualized dividend and a yield of 2.4%. Utz Brands’s dividend payout ratio is presently 342.86%.

Wall Street Analyst Weigh In

A number of research firms have issued reports on UTZ. Weiss Ratings restated a “sell (d+)” rating on shares of Utz Brands in a research report on Wednesday, October 8th. Barclays restated an “overweight” rating and set a $14.00 price target on shares of Utz Brands in a report on Friday, October 31st. UBS Group lowered their price target on Utz Brands from $13.50 to $11.50 and set a “neutral” rating for the company in a research report on Friday, October 31st. Mizuho set a $16.00 price objective on Utz Brands in a research report on Monday. Finally, TD Cowen decreased their target price on Utz Brands from $14.00 to $12.00 and set a “hold” rating for the company in a report on Friday, October 31st. Five investment analysts have rated the stock with a Buy rating, two have issued a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $15.64.

Institutional Trading of Utz Brands

Several institutional investors have recently bought and sold shares of the company. Janney Montgomery Scott LLC bought a new stake in shares of Utz Brands in the 1st quarter worth $196,000. First Horizon Advisors Inc. boosted its position in shares of Utz Brands by 44.8% during the first quarter. First Horizon Advisors Inc. now owns 7,887 shares of the company’s stock valued at $111,000 after buying an additional 2,441 shares during the last quarter. Teacher Retirement System of Texas bought a new stake in Utz Brands in the 1st quarter worth about $144,000. Bank of New York Mellon Corp raised its position in Utz Brands by 4.3% in the 1st quarter. Bank of New York Mellon Corp now owns 380,650 shares of the company’s stock worth $5,360,000 after buying an additional 15,624 shares during the last quarter. Finally, Envestnet Asset Management Inc. lifted its stake in Utz Brands by 27.5% during the 1st quarter. Envestnet Asset Management Inc. now owns 850,210 shares of the company’s stock valued at $11,971,000 after acquiring an additional 183,159 shares during the period. 95.97% of the stock is owned by hedge funds and other institutional investors.

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.