Utz Brands, Inc. (NYSE:UTZ) Receives Consensus Rating of “Hold” from Analysts

Utz Brands, Inc. (NYSE:UTZ) has earned an average rating of “Hold” from the eight analysts that are presently covering the firm, MarketBeat.com reports. One research analyst has rated the stock with a sell rating, three have given a hold rating and four have issued a buy rating on the company. The average 12-month price target among brokers that have issued ratings on the stock in the last year is $12.0556.

A number of equities analysts have recently commented on UTZ shares. UBS Group lowered their price objective on Utz Brands from $10.00 to $8.50 and set a “neutral” rating for the company in a research report on Tuesday, April 7th. Zacks Research raised Utz Brands from a “strong sell” rating to a “hold” rating in a research report on Monday, April 20th. BTIG Research started coverage on Utz Brands in a research report on Monday, April 13th. They set a “buy” rating and a $10.00 price objective for the company. TD Cowen lowered their price objective on Utz Brands from $11.00 to $9.00 and set a “hold” rating for the company in a research report on Monday, April 20th. Finally, Royal Bank Of Canada set a $15.00 price objective on Utz Brands in a research report on Thursday, April 9th.

Hedge Funds Weigh In On Utz Brands

A number of institutional investors and hedge funds have recently made changes to their positions in UTZ. NewEdge Advisors LLC acquired a new position in Utz Brands in the second quarter valued at approximately $25,000. Aster Capital Management DIFC Ltd lifted its stake in Utz Brands by 194.8% in the third quarter. Aster Capital Management DIFC Ltd now owns 2,618 shares of the company’s stock valued at $32,000 after buying an additional 1,730 shares during the last quarter. Global Retirement Partners LLC lifted its stake in Utz Brands by 431.5% in the fourth quarter. Global Retirement Partners LLC now owns 3,343 shares of the company’s stock valued at $35,000 after buying an additional 2,714 shares during the last quarter. Osaic Holdings Inc. lifted its stake in 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 buying an additional 1,623 shares during the last quarter. Finally, Farther Finance Advisors LLC lifted its stake in Utz Brands by 118.5% in the fourth quarter. Farther Finance Advisors LLC now owns 4,356 shares of the company’s stock valued at $45,000 after buying an additional 2,362 shares during the last quarter. 95.97% of the stock is owned by institutional investors and hedge funds.

Utz Brands Stock Down 0.6%

Shares of NYSE:UTZ opened at $7.05 on Friday. The company has a debt-to-equity ratio of 0.62, a current ratio of 1.14 and a quick ratio of 0.75. The firm has a market capitalization of $1.01 billion, a PE ratio of -70.44, a price-to-earnings-growth ratio of 2.59 and a beta of 0.87. The firm’s 50-day moving average is $7.66 and its two-hundred day moving average is $9.25. Utz Brands has a 1 year low of $6.92 and a 1 year high of $14.67.

Utz Brands (NYSE:UTZ) last issued 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. The company had revenue of $361.30 million for the quarter, compared to analyst estimates of $361.77 million. Utz Brands had a negative net margin of 0.58% and a positive return on equity of 8.61%. The business’s revenue for the quarter 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. Analysts predict that Utz Brands will post 0.78 EPS for the current year.

Utz Brands Dividend Announcement

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