Insider Selling: Utz Brands, Inc. (NYSE:UTZ) EVP Sells $72,880.00 in Stock

Utz Brands, Inc. (NYSE:UTZGet Rating) EVP Chad Whyte sold 4,000 shares of the business’s stock in a transaction dated Monday, November 21st. The shares were sold at an average price of $18.22, for a total value of $72,880.00. Following the completion of the sale, the executive vice president now directly owns 4,319 shares of the company’s stock, valued at $78,692.18. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink.

Utz Brands Stock Down 1.7 %

UTZ opened at $18.05 on Friday. The business has a 50 day moving average price of $15.91 and a two-hundred day moving average price of $15.38. The company has a quick ratio of 1.16, a current ratio of 1.68 and a debt-to-equity ratio of 0.62. The company has a market cap of $2.53 billion, a PE ratio of -62.24, a P/E/G ratio of 9.17 and a beta of 0.73. Utz Brands, Inc. has a 52 week low of $12.06 and a 52 week high of $19.98.

Utz Brands Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, October 6th. Shareholders of record on Monday, September 19th were paid a dividend of $0.054 per share. This represents a $0.22 annualized dividend and a yield of 1.20%. The ex-dividend date of this dividend was Friday, September 16th. Utz Brands’s dividend payout ratio is presently -75.86%.

Wall Street Analysts Forecast Growth

Several analysts have recently weighed in on the company. Credit Suisse Group boosted their target price on Utz Brands to $19.00 in a report on Monday, August 15th. Stephens boosted their target price on Utz Brands from $16.00 to $19.00 and gave the company an “equal weight” rating in a report on Friday, August 12th. Finally, The Goldman Sachs Group reduced their target price on Utz Brands from $21.00 to $18.00 and set a “neutral” rating for the company in a report on Monday, October 10th. Five equities research analysts have rated the stock with a hold rating, According to MarketBeat.com, the company presently has an average rating of “Hold” and an average price target of $18.75.

Hedge Funds Weigh In On Utz Brands

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Envestnet Asset Management Inc. raised its stake in shares of Utz Brands by 84.8% during the 1st quarter. Envestnet Asset Management Inc. now owns 182,355 shares of the company’s stock worth $2,695,000 after buying an additional 83,677 shares in the last quarter. Victory Capital Management Inc. purchased a new position in shares of Utz Brands during the 1st quarter worth approximately $286,000. Advisor Group Holdings Inc. raised its stake in shares of Utz Brands by 61.1% during the 1st quarter. Advisor Group Holdings Inc. now owns 25,190 shares of the company’s stock worth $507,000 after buying an additional 9,551 shares in the last quarter. Russell Investments Group Ltd. purchased a new position in shares of Utz Brands during the 1st quarter worth approximately $182,000. Finally, Papp L Roy & Associates purchased a new position in shares of Utz Brands during the 1st quarter worth approximately $542,000. Institutional investors and hedge funds own 45.14% of the company’s stock.

About Utz Brands

(Get Rating)

Utz Brands, Inc operates as a snack food manufacturing company. It offers a range of salty snacks, including potato chips, kettle chips, tortilla chips, pretzels, cheese snacks, veggie snacks, pork skins, pub/party mixes, salsa and queso, ready-to-eat popcorn, and other snacks under the Utz, Zapp's, ON THE BORDER, Golden Flake, Good Health, Boulder Canyon, Hawaiian, TGIF, TORTIYAHS!, and other brand names.

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Insider Buying and Selling by Quarter for Utz Brands (NYSE:UTZ)

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