Utz Brands, Inc. $UTZ Shares Bought by Sei Investments Co.

Sei Investments Co. raised its stake in Utz Brands, Inc. (NYSE:UTZ) by 15.2% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 352,228 shares of the company’s stock after purchasing an additional 46,599 shares during the period. Sei Investments Co. owned about 0.24% of Utz Brands worth $2,790,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds and other institutional investors have also made changes to their positions in the stock. ProShare Advisors LLC lifted its holdings in shares of Utz Brands by 8.7% in the 4th quarter. ProShare Advisors LLC now owns 13,457 shares of the company’s stock valued at $140,000 after purchasing an additional 1,074 shares during the last quarter. Pathstone Holdings LLC lifted its stake in Utz Brands by 0.8% in the third quarter. Pathstone Holdings LLC now owns 140,831 shares of the company’s stock valued at $1,711,000 after buying an additional 1,075 shares during the last quarter. Orion Porfolio Solutions LLC lifted its stake in Utz Brands by 1.0% in the second quarter. Orion Porfolio Solutions LLC now owns 109,921 shares of the company’s stock valued at $1,380,000 after buying an additional 1,137 shares during the last quarter. Osaic Holdings Inc. boosted its holdings in shares of Utz Brands by 76.1% in the second 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 period. Finally, NewEdge Advisors LLC acquired a new stake in shares of Utz Brands in the second quarter valued at approximately $25,000. Hedge funds and other institutional investors own 95.97% of the company’s stock.

Analyst Upgrades and Downgrades

UTZ has been the topic of a number of recent research reports. Piper Sandler reaffirmed a “neutral” rating and issued a $14.25 target price (up from $10.00) on shares of Utz Brands in a report on Thursday, July 23rd. Zacks Research upgraded shares of Utz Brands from a “strong sell” rating to a “hold” rating in a research note on Monday, April 20th. DA Davidson reissued a “neutral” rating and set a $14.25 price objective (down from $15.00) on shares of Utz Brands in a research report on Wednesday, July 22nd. TD Cowen dropped their price objective on shares of Utz Brands from $11.00 to $9.00 and set a “hold” rating on the stock in a research note on Monday, April 20th. Finally, Weiss Ratings reaffirmed a “sell (d)” rating on shares of Utz Brands in a report on Wednesday, June 24th. One equities research analyst has rated the stock with a Buy rating, nine have given a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold” and an average target price of $13.39.

Utz Brands Trading Down 0.0%

Shares of UTZ stock opened at $14.15 on Friday. The company has a market capitalization of $2.04 billion, a P/E ratio of -42.89 and a beta of 0.74. The company has a current ratio of 1.14, a quick ratio of 0.75 and a debt-to-equity ratio of 0.62. The business’s 50 day moving average is $9.29 and its two-hundred day moving average is $8.75. Utz Brands, Inc. has a twelve month low of $6.78 and a twelve month high of $14.19.

Utz Brands (NYSE:UTZ) last released its quarterly earnings results on Wednesday, August 5th. The company reported $0.19 EPS for the quarter, topping the consensus estimate of $0.18 by $0.01. Utz Brands had a positive return on equity of 8.92% and a negative net margin of 2.00%.The business had revenue of $371.80 million during the quarter, compared to analysts’ expectations of $374.18 million. During the same quarter in the prior year, the business earned $0.17 earnings per share. The company’s quarterly revenue was up 1.4% compared to the same quarter last year. Equities analysts forecast that Utz Brands, Inc. will post 0.78 EPS for the current year.

Utz Brands Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, July 2nd. Shareholders of record on Monday, June 22nd were given a dividend of $0.063 per share. The ex-dividend date was Monday, June 22nd. This represents a $0.25 dividend on an annualized basis and a yield of 1.8%. Utz Brands’s dividend payout ratio is presently -250.00%.

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.