35,298 Shares of Utz Brands, Inc. $UTZ Bought by ProShare Advisors LLC

ProShare Advisors LLC purchased a new stake in shares of Utz Brands, Inc. (NYSE:UTZ) in the third quarter, according to its most recent filing with the Securities & Exchange Commission. The firm purchased 35,298 shares of the company’s stock, valued at approximately $503,000.

A number of other institutional investors and hedge funds have also made changes to their positions in UTZ. Vise Technologies Inc. purchased a new position in shares of Utz Brands during the 3rd quarter worth approximately $159,000. Signaturefd LLC raised its position in Utz Brands by 3,524.2% in the third quarter. Signaturefd LLC now owns 2,247 shares of the company’s stock valued at $32,000 after purchasing an additional 2,185 shares during the period. GAMMA Investing LLC raised its position in Utz Brands by 318.5% in the third quarter. GAMMA Investing LLC now owns 3,783 shares of the company’s stock valued at $54,000 after purchasing an additional 2,879 shares during the period. Engineers Gate Manager LP raised its position in Utz Brands by 127.9% in the second quarter. Engineers Gate Manager LP now owns 117,107 shares of the company’s stock valued at $902,000 after purchasing an additional 65,712 shares during the period. Finally, Corient Private Wealth LP lifted its stake in Utz Brands by 61.0% during the second quarter. Corient Private Wealth LP now owns 356,997 shares of the company’s stock worth $2,749,000 after purchasing an additional 135,239 shares in the last quarter. 95.97% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

UTZ has been the subject of several research analyst reports. Piper Sandler lowered Utz Brands from an “overweight” rating to a “neutral” rating and raised their price target for the stock from $10.00 to $14.25 in a research report on Thursday, July 23rd. DA Davidson cut Utz Brands from a “buy” rating to a “neutral” rating and dropped their price objective for the company from $15.00 to $14.25 in a research note on Wednesday, July 22nd. Wall Street Zen downgraded Utz Brands from a “hold” rating to a “sell” rating in a report on Saturday, July 25th. UBS Group reissued a “neutral” rating and set a $14.25 target price on shares of Utz Brands in a research note on Wednesday, July 22nd. Finally, Weiss Ratings raised Utz Brands from a “sell (d)” rating to a “sell (d+)” rating in a research note on Monday, October 12th. One analyst has rated the stock with a Buy rating, nine have issued a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company presently has an average rating of “Hold” and an average price target of $13.39.

Utz Brands Trading Up 0.0%

NYSE UTZ opened at $14.24 on Tuesday. The company has a debt-to-equity ratio of 0.62, a quick ratio of 0.69 and a current ratio of 1.06. The firm has a market cap of $2.05 billion, a price-to-earnings ratio of -33.13 and a beta of 0.79. The firm has a 50 day simple moving average of $14.27 and a 200-day simple moving average of $10.53. Utz Brands, Inc. has a one year low of $6.78 and a one year high of $14.36.

Utz Brands (NYSE:UTZ) last released its earnings results on Friday, November 6th. The company reported $0.10 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.23 by ($0.13). Utz Brands had a negative net margin of 2.00% and a positive return on equity of 8.97%. The company had revenue of $369.20 million during the quarter, compared to analysts’ expectations of $384.60 million. During the same quarter last year, the business posted $0.23 earnings per share. The company’s revenue for the quarter was down 2.3% on a year-over-year basis. Equities research analysts anticipate that Utz Brands, Inc. will post 0.80 EPS for the current fiscal year.

Utz Brands Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, October 1st. Investors 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 dividend on an annualized basis and a dividend yield of 1.8%. Utz Brands’s dividend payout ratio (DPR) is currently -58.14%.

Utz Brands Company Profile

Utz Brands, Inc makes and markets snack foods, including potato chips, pretzels, tortilla chips, popcorn, pork rinds and cheese snacks. Its portfolio includes Utz, Zapp’s, Boulder Canyon, On The Border and Golden Flake, among other brands.

Founded in 1921 by William and Salie Utz in Hanover, Pennsylvania, the company began as a family-operated potato chip business and has grown through expansion and acquisitions. Utz is headquartered in Hanover.

The company sells its products across the United States, with a longstanding presence in the eastern U.S.