Utz Brands, Inc. (NYSE:UTZ) Shares Sold by Emerald Mutual Fund Advisers Trust

Emerald Mutual Fund Advisers Trust trimmed its holdings in Utz Brands, Inc. (NYSE:UTZ) by 32.6% during the fourth quarter, HoldingsChannel.com reports. The firm owned 217,010 shares of the company’s stock after selling 104,941 shares during the period. Emerald Mutual Fund Advisers Trust’s holdings in Utz Brands were worth $3,398,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently made changes to their positions in the business. Barclays PLC increased its position in shares of Utz Brands by 21.4% in the 3rd quarter. Barclays PLC now owns 555,477 shares of the company’s stock worth $9,831,000 after purchasing an additional 97,767 shares during the last quarter. Victory Capital Management Inc. grew its position in shares of Utz Brands by 2.5% in the 4th quarter. Victory Capital Management Inc. now owns 1,510,472 shares of the company’s stock worth $23,654,000 after acquiring an additional 36,425 shares in the last quarter. Boston Partners increased its holdings in shares of Utz Brands by 3.5% in the 4th quarter. Boston Partners now owns 885,316 shares of the company’s stock valued at $13,422,000 after acquiring an additional 30,156 shares during the last quarter. Raymond James Financial Inc. acquired a new stake in shares of Utz Brands during the 4th quarter valued at approximately $339,000. Finally, PARK CIRCLE Co bought a new position in Utz Brands during the fourth quarter worth $591,000. 95.97% of the stock is currently owned by hedge funds and other institutional investors.

Utz Brands Stock Down 1.4 %

UTZ stock opened at $13.19 on Tuesday. The company has a 50 day moving average of $13.65 and a two-hundred day moving average of $14.97. The company has a quick ratio of 0.85, a current ratio of 1.21 and a debt-to-equity ratio of 0.56. Utz Brands, Inc. has a 12-month low of $12.15 and a 12-month high of $20.04. The company has a market cap of $1.87 billion, a price-to-earnings ratio of 73.28, a PEG ratio of 0.86 and a beta of 1.10.

Utz Brands (NYSE:UTZ) last announced its quarterly earnings results on Thursday, February 20th. The company reported $0.22 EPS for the quarter, topping the consensus estimate of $0.19 by $0.03. The company had revenue of $341.05 million for the quarter, compared to analyst estimates of $349.93 million. Utz Brands had a net margin of 1.13% and a return on equity of 7.92%. During the same quarter in the prior year, the business posted $0.16 EPS. On average, equities analysts anticipate that Utz Brands, Inc. will post 0.85 earnings per share for the current fiscal year.

Utz Brands Cuts Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, April 24th. Investors of record on Monday, April 7th were given a dividend of $0.011 per share. The ex-dividend date of this dividend was Monday, April 7th. This represents a $0.04 annualized dividend and a dividend yield of 0.33%. Utz Brands’s dividend payout ratio is presently 133.33%.

Insider Activity

In other Utz Brands news, CEO Howard A. Friedman acquired 3,525 shares of the business’s stock in a transaction on Monday, February 24th. The stock was purchased at an average price of $14.16 per share, for a total transaction of $49,914.00. Following the transaction, the chief executive officer now owns 265,729 shares in the company, valued at $3,762,722.64. This trade represents a 1.34 % increase in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Cc Collier Holdings, Llc sold 496,038 shares of the firm’s stock in a transaction on Thursday, March 6th. The shares were sold at an average price of $13.40, for a total value of $6,646,909.20. The disclosure for this sale can be found here. 16.32% of the stock is owned by company insiders.

Analysts Set New Price Targets

Several research firms recently weighed in on UTZ. DA Davidson upgraded shares of Utz Brands from a “neutral” rating to a “buy” rating and set a $16.00 price objective on the stock in a research note on Thursday, April 24th. Mizuho lowered their price objective on Utz Brands from $21.00 to $19.00 and set an “outperform” rating for the company in a research note on Monday, February 10th. TD Cowen downgraded shares of Utz Brands from a “buy” rating to a “hold” rating and cut their price objective for the company from $17.00 to $15.00 in a research report on Tuesday, April 22nd. UBS Group began coverage on shares of Utz Brands in a research note on Wednesday, April 23rd. They issued a “neutral” rating and a $15.00 price target on the stock. Finally, Piper Sandler decreased their price objective on Utz Brands from $24.00 to $20.00 and set an “overweight” rating for the company in a report on Thursday, January 16th. Two equities research analysts have rated the stock with a hold rating and seven have issued a buy rating to the company. According to MarketBeat, Utz Brands presently has a consensus rating of “Moderate Buy” and a consensus price target of $18.56.

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.