Utz Brands, Inc. (NYSE:UTZ) Stock Now Rated “Hold” by Wall Street Analysts

Utz Brands, Inc. (NYSE:UTZ) has received an average rating of “Hold” from the eleven analysts that are presently covering the company, MarketBeat reports. One research analyst has rated the stock with a sell rating, nine have issued a hold rating and one has given a buy rating to the company. The average 1 year price objective among analysts that have issued a report on the stock in the last year is $13.39.

A number of equities research analysts have weighed in on the stock. Barclays lowered shares of Utz Brands from an “overweight” rating to an “equal weight” rating and set a $14.00 target price on the stock. in a report on Tuesday, July 21st. Stephens set a $14.25 price target on shares of Utz Brands in a report on Tuesday, July 21st. DA Davidson lowered shares of Utz Brands from a “buy” rating to a “neutral” rating and cut their price target for the stock from $15.00 to $14.25 in a report on Wednesday, July 22nd. Jefferies Financial Group cut shares of Utz Brands from a “strong-buy” rating to a “hold” rating and set a $14.25 price objective on the stock. in a research note on Tuesday, July 21st. Finally, UBS Group restated a “neutral” rating and issued a $14.25 price objective on shares of Utz Brands in a report on Wednesday, July 22nd.

Institutional Trading of Utz Brands

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Signaturefd LLC raised its holdings in Utz Brands by 3,524.2% during the 3rd quarter. Signaturefd LLC now owns 2,247 shares of the company’s stock worth $32,000 after purchasing an additional 2,185 shares during the last quarter. GAMMA Investing LLC lifted its position in shares of Utz Brands by 318.5% in the 3rd quarter. GAMMA Investing LLC now owns 3,783 shares of the company’s stock worth $54,000 after purchasing an additional 2,879 shares during the period. Versant Capital Management Inc boosted its stake in shares of Utz Brands by 363.5% in the 2nd quarter. Versant Capital Management Inc now owns 6,086 shares of the company’s stock valued at $47,000 after purchasing an additional 4,773 shares during the last quarter. AXQ Capital LP bought a new stake in shares of Utz Brands in the 2nd quarter valued at $80,000. Finally, Vise Technologies Inc. bought a new stake in shares of Utz Brands in the 3rd quarter valued at $159,000. Institutional investors and hedge funds own 95.97% of the company’s stock.

Utz Brands Stock Performance

NYSE:UTZ opened at $14.25 on Friday. The stock’s 50-day moving average is $14.26 and its 200-day moving average is $10.41. Utz Brands has a 1-year low of $6.78 and a 1-year high of $14.36. The company has a current ratio of 1.06, a quick ratio of 0.69 and a debt-to-equity ratio of 0.62. The stock has a market cap of $2.05 billion, a P/E ratio of -43.18 and a beta of 0.72.

Utz Brands (NYSE:UTZ) last issued its quarterly earnings data on Wednesday, August 5th. The company reported $0.19 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.18 by $0.01. Utz Brands had a negative net margin of 2.00% and a positive return on equity of 8.97%. The business had revenue of $371.80 million during the quarter, compared to analyst estimates of $374.18 million. During the same quarter last year, the business earned $0.17 EPS. The firm’s quarterly revenue was up 1.4% on a year-over-year basis. Equities research analysts anticipate that Utz Brands will post 0.80 earnings per share for the current year.

Utz Brands Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Thursday, October 1st. Shareholders of record on Monday, September 21st were issued a dividend of $0.0630 per share. The ex-dividend date of this dividend was Monday, September 21st. This represents a $0.25 annualized dividend and a yield of 1.8%. Utz Brands’s payout ratio is presently -75.76%.

About Utz Brands

Utz Brands, Inc is a U.S.-based snack food company that manufactures, markets and distributes a broad portfolio of branded salty snacks. Its products include potato chips, tortilla chips, pretzels, cheese snacks, pork rinds, popcorn and other snack items sold through grocery stores, mass merchants, club stores, convenience stores and e-commerce channels.

The company’s brand portfolio includes Utz, Zapp’s, Boulder Canyon, On the Border, Golden Flake, Good Health and Hawaiian, among others.