Utz Brands (NYSE:UTZ) Coverage Initiated by Analysts at BTIG Research

BTIG Research assumed coverage on shares of Utz Brands (NYSE:UTZ) in a research report sent to investors on Monday morning, Marketbeat.com reports. The firm issued a buy rating and a $10.00 target price on the stock.

Other equities research analysts have also issued research reports about the company. Mizuho set a $14.00 target price on Utz Brands in a research report on Monday, February 23rd. UBS Group reduced their price objective on Utz Brands from $10.00 to $8.50 and set a “neutral” rating for the company in a research note on Tuesday, April 7th. Bank of America cut their target price on Utz Brands from $15.00 to $14.00 and set a “buy” rating on the stock in a report on Tuesday, January 13th. Piper Sandler lowered their price objective on shares of Utz Brands from $15.00 to $13.00 and set an “overweight” rating on the stock in a report on Tuesday, January 13th. Finally, DA Davidson set a $15.00 price objective on shares of Utz Brands in a report on Wednesday, January 14th. Five investment analysts have rated the stock with a Buy rating, two have given a Hold rating and two have issued a Sell rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Hold” and an average target price of $12.39.

Utz Brands Stock Up 3.7%

Shares of UTZ opened at $7.83 on Monday. Utz Brands has a 12 month low of $7.11 and a 12 month high of $14.67. The stock has a market capitalization of $1.13 billion, a PE ratio of 783.78, a P/E/G ratio of 2.78 and a beta of 0.98. The company has a current ratio of 1.19, a quick ratio of 0.82 and a debt-to-equity ratio of 0.62. The firm’s 50 day moving average is $8.55 and its 200-day moving average is $9.91.

Utz Brands (NYSE:UTZ) last posted its quarterly earnings data on Thursday, February 12th. The company reported $0.26 EPS for the quarter, hitting analysts’ consensus estimates of $0.26. Utz Brands had a return on equity of 8.57% and a net margin of 0.06%.The company had revenue of $342.20 million for the quarter, compared to analyst estimates of $346.99 million. During the same period in the previous year, the firm earned $0.22 earnings per share. The firm’s quarterly revenue was up .4% on a year-over-year basis. Utz Brands has set its FY 2026 guidance at 0.771-0.795 EPS. Equities research analysts forecast that Utz Brands will post 0.85 EPS for the current year.

Utz Brands Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, April 23rd. Shareholders of record on Monday, April 13th will be paid a dividend of $0.063 per share. The ex-dividend date is Monday, April 13th. This represents a $0.25 annualized dividend and a yield of 3.2%. Utz Brands’s dividend payout ratio (DPR) is 2,500.00%.

Institutional Trading of Utz Brands

Institutional investors have recently made changes to their positions in the company. Hsbc Holdings PLC lifted its position in shares of Utz Brands by 27.1% during the fourth quarter. Hsbc Holdings PLC now owns 27,757 shares of the company’s stock valued at $290,000 after purchasing an additional 5,918 shares in the last quarter. Alpine Global Management LLC bought a new stake in Utz Brands in the 4th quarter worth about $183,000. Virtu Financial LLC purchased a new stake in Utz Brands in the 4th quarter valued at about $111,000. Invesco Ltd. increased its stake in Utz Brands by 22.4% in the 4th quarter. Invesco Ltd. now owns 132,000 shares of the company’s stock valued at $1,370,000 after buying an additional 24,167 shares during the last quarter. Finally, Mercer Global Advisors Inc. ADV bought a new position in shares of Utz Brands during the 4th quarter worth approximately $1,061,000. Institutional investors own 95.97% of the company’s stock.

About Utz Brands

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.