Teacher Retirement System of Texas Boosts Stock Holdings in Utz Brands, Inc. $UTZ

Teacher Retirement System of Texas grew its position in Utz Brands, Inc. (NYSE:UTZ) by 280.1% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 38,988 shares of the company’s stock after purchasing an additional 28,732 shares during the period. Teacher Retirement System of Texas’ holdings in Utz Brands were worth $489,000 at the end of the most recent reporting period.

A number of other large investors also recently made changes to their positions in UTZ. Vanguard Group Inc. grew its position in 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 in the last quarter. Ameriprise Financial Inc. boosted its stake in shares of Utz Brands by 38.0% in the 1st 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. Goldman Sachs Group Inc. grew its holdings in shares of Utz Brands by 40.8% in the first quarter. Goldman Sachs Group Inc. now owns 2,022,709 shares of the company’s stock valued at $28,480,000 after acquiring an additional 585,952 shares in the last quarter. GW&K Investment Management LLC grew its holdings in shares of Utz Brands by 19.7% in the first quarter. GW&K Investment Management LLC now owns 1,531,986 shares of the company’s stock valued at $21,570,000 after acquiring an additional 252,165 shares in the last quarter. Finally, Jennison Associates LLC increased its position in shares of Utz Brands by 1.5% during the first quarter. Jennison Associates LLC now owns 1,520,759 shares of the company’s stock valued at $21,412,000 after acquiring an additional 22,364 shares during the last quarter. 95.97% of the stock is owned by institutional investors.

Analyst Ratings Changes

A number of equities research analysts have recently commented on the company. Weiss Ratings reiterated a “sell (d+)” rating on shares of Utz Brands in a research note on Wednesday, October 8th. Barclays restated an “overweight” rating and set a $14.00 target price on shares of Utz Brands in a research report on Friday, October 31st. TD Cowen cut their price objective on shares of Utz Brands from $14.00 to $12.00 and set a “hold” 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 note on Monday, November 3rd. Finally, UBS Group dropped their target price 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. Five investment analysts have rated the stock with a Buy rating, two have assigned a Hold rating and one has issued a Sell rating to the company. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $15.64.

Utz Brands Stock Down 3.4%

Shares of NYSE:UTZ opened at $9.89 on Monday. The stock has a market capitalization of $1.41 billion, a P/E ratio of 141.24, a price-to-earnings-growth ratio of 1.33 and a beta of 1.00. The stock’s 50-day moving average price is $12.24 and its 200-day moving average price is $12.84. The company has a current ratio of 1.22, a quick ratio of 0.80 and a debt-to-equity ratio of 0.62. Utz Brands, Inc. has a 12-month low of $9.77 and a 12-month high of $17.82.

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

Utz Brands Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Thursday, October 2nd. Stockholders of record on Monday, September 15th were issued a dividend of $0.061 per share. This represents a $0.24 dividend on an annualized basis and a dividend yield of 2.5%. The ex-dividend date was Monday, September 15th. Utz Brands’s dividend payout ratio is currently 342.86%.

Insiders Place Their Bets

In other news, Director Dylan Lissette bought 31,750 shares of the 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 $335,915.00. Following the purchase, the director directly owned 145,783 shares in the company, valued at $1,542,384.14. This trade represents a 27.84% increase in their position. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Christina Choi sold 5,703 shares of the business’s stock in a transaction on Thursday, September 4th. The shares were sold at an average price of $13.63, for a total transaction of $77,731.89. Following the sale, the director owned 33,710 shares in the company, valued at approximately $459,467.30. This trade represents a 14.47% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders have bought a total of 55,392 shares of company stock valued at $584,273 in the last 90 days. 16.32% of the stock is owned by corporate insiders.

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.