Utz Brands (NYSE:UTZ) Given Equal Weight Rating at Barclays

Utz Brands (NYSE:UTZ)‘s stock had its “equal weight” rating reiterated by analysts at Barclays in a report released on Tuesday,Benzinga reports. They presently have a $14.00 price objective on the stock. Barclays‘s target price points to a potential downside of 0.74% from the stock’s current price.

A number of other equities analysts have also recently weighed in on the stock. TD Cowen decreased their price objective on shares of Utz Brands from $11.00 to $9.00 and set a “hold” rating for the company in a research report on Monday, April 20th. Weiss Ratings reiterated a “sell (d)” rating on shares of Utz Brands in a research note on Wednesday, June 24th. DA Davidson upgraded Utz Brands to a “strong-buy” rating in a research note on Monday, July 6th. BTIG Research assumed coverage on Utz Brands in a report on Monday, April 13th. They set a “buy” rating and a $10.00 price objective on the stock. Finally, UBS Group cut their target price on Utz Brands from $8.50 to $8.00 and set a “neutral” rating on the stock in a research report on Thursday. One equities research analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating, five have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat, Utz Brands presently has an average rating of “Hold” and an average target price of $12.62.

Utz Brands Stock Up 89.3%

NYSE UTZ traded up $6.66 during trading hours on Tuesday, hitting $14.11. The company had a trading volume of 47,632,783 shares, compared to its average volume of 2,201,291. The firm’s 50 day moving average is $7.42 and its 200 day moving average is $8.35. The company has a debt-to-equity ratio of 0.62, a current ratio of 1.14 and a quick ratio of 0.75. Utz Brands has a fifty-two week low of $6.78 and a fifty-two week high of $14.67. The company has a market capitalization of $2.03 billion, a price-to-earnings ratio of -141.04, a P/E/G ratio of 2.63 and a beta of 0.82.

Utz Brands (NYSE:UTZ) last announced its earnings results on Wednesday, May 6th. The company reported $0.15 earnings per share for the quarter, beating the consensus estimate of $0.14 by $0.01. The business had revenue of $361.30 million during the quarter, compared to the consensus estimate of $361.76 million. Utz Brands had a negative net margin of 0.58% and a positive return on equity of 8.61%. The business’s quarterly revenue was up 2.6% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.16 earnings per share. Utz Brands has set its FY 2026 guidance at 0.771-0.795 EPS. Sell-side analysts anticipate that Utz Brands will post 0.78 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

A number of large investors have recently bought and sold shares of UTZ. NewEdge Advisors LLC bought a new position in Utz Brands during the 2nd quarter worth approximately $25,000. Global Retirement Partners LLC increased its holdings in shares of Utz Brands by 431.5% in the 4th quarter. Global Retirement Partners LLC now owns 3,343 shares of the company’s stock valued at $35,000 after acquiring an additional 2,714 shares during the last quarter. Osaic Holdings Inc. increased its holdings in shares of Utz Brands by 76.1% in the 2nd quarter. Osaic Holdings Inc. now owns 3,756 shares of the company’s stock valued at $47,000 after acquiring an additional 1,623 shares during the last quarter. Farther Finance Advisors LLC raised its position in shares of Utz Brands by 118.5% during the 4th quarter. Farther Finance Advisors LLC now owns 4,356 shares of the company’s stock valued at $45,000 after acquiring an additional 2,362 shares in the last quarter. Finally, Versant Capital Management Inc lifted its stake in Utz Brands by 363.5% during the second quarter. Versant Capital Management Inc now owns 6,086 shares of the company’s stock worth $47,000 after purchasing an additional 4,773 shares during the last quarter. 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.