Utz Brands (NYSE:UTZ) Hits New 52-Week Low – Here’s What Happened

Utz Brands, Inc. (NYSE:UTZ)’s share price hit a new 52-week low during trading on Wednesday . The company traded as low as $7.07 and last traded at $7.1210, with a volume of 196387 shares. The stock had previously closed at $7.39.

Analysts Set New Price Targets

A number of analysts have recently weighed in on the stock. Zacks Research upgraded shares of Utz Brands from a “strong sell” rating to a “hold” rating in a report on Monday, April 20th. Royal Bank Of Canada set a $15.00 target price on shares of Utz Brands in a research report on Thursday, April 9th. BTIG Research started coverage on shares of Utz Brands in a research note on Monday, April 13th. They issued a “buy” rating and a $10.00 target price for the company. Weiss Ratings reaffirmed a “sell (d)” rating on shares of Utz Brands in a report on Friday, March 27th. Finally, TD Cowen reduced their price target on Utz Brands from $11.00 to $9.00 and set a “hold” rating on the stock in a research report on Monday, April 20th. Four research analysts have rated the stock with a Buy rating, three have issued a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat.com, Utz Brands currently has an average rating of “Hold” and an average target price of $12.06.

Utz Brands Stock Performance

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 stock has a market capitalization of $1.02 billion, a PE ratio of -70.83, a price-to-earnings-growth ratio of 2.53 and a beta of 0.87. The firm’s fifty day moving average price is $7.69 and its two-hundred day moving average price is $9.26.

Utz Brands (NYSE:UTZ) last announced its quarterly earnings results on Wednesday, May 6th. The company reported $0.15 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.14 by $0.01. Utz Brands had a negative net margin of 0.58% and a positive return on equity of 8.61%. The firm had revenue of $361.30 million for the quarter, compared to the consensus estimate of $361.77 million. During the same period in the prior year, the firm posted $0.16 earnings per share. The firm’s quarterly revenue was up 2.6% compared to the same quarter last year. Utz Brands has set its FY 2026 guidance at 0.771-0.795 EPS. As a group, equities research analysts forecast that Utz Brands, Inc. will post 0.78 EPS for the current year.

Utz Brands Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, April 23rd. Shareholders of record on Monday, April 13th were given a dividend of $0.063 per share. The ex-dividend date was Monday, April 13th. This represents a $0.25 dividend on an annualized basis and a yield of 3.6%. Utz Brands’s dividend payout ratio is currently -250.00%.

Hedge Funds Weigh In On Utz Brands

Hedge funds have recently made changes to their positions in the company. NewEdge Advisors LLC acquired a new stake in shares of Utz Brands in the second quarter worth approximately $25,000. Aster Capital Management DIFC Ltd raised its stake in Utz Brands by 194.8% in the 3rd quarter. Aster Capital Management DIFC Ltd now owns 2,618 shares of the company’s stock valued at $32,000 after purchasing an additional 1,730 shares during the last quarter. Global Retirement Partners LLC lifted its holdings in 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 purchasing an additional 2,714 shares in the last quarter. Farther Finance Advisors LLC lifted its holdings in Utz Brands by 118.5% in the 4th quarter. Farther Finance Advisors LLC now owns 4,356 shares of the company’s stock valued at $45,000 after purchasing an additional 2,362 shares in the last quarter. Finally, Osaic Holdings Inc. boosted its stake in Utz Brands by 76.1% during the 2nd quarter. Osaic Holdings Inc. now owns 3,756 shares of the company’s stock worth $47,000 after purchasing an additional 1,623 shares during the last quarter. Institutional investors and hedge funds own 95.97% of the company’s stock.

Utz Brands Company Profile

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.