Utz Brands, Inc. (NYSE:UTZ) Stock Has Average Price Target of $13.39

by · The Cerbat Gem

Utz Brands, Inc. (NYSE:UTZ – Get Free Report) has been assigned a consensus rating of “Hold” from the eleven ratings firms that are presently covering the company, Marketbeat reports. One investment 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 target among brokerages that have issued a report on the stock in the last year is $13.39.

UTZ has been the topic of a number of analyst reports. UBS Group restated a “neutral” rating and set a $14.25 target price on shares of Utz Brands in a research report on Wednesday, July 22nd. Piper Sandler cut Utz Brands from an “overweight” rating to a “neutral” rating and boosted their price objective for the company from $10.00 to $14.25 in a research note on Thursday, July 23rd. Jefferies Financial Group downgraded Utz Brands from a “strong-buy” rating to a “hold” rating and set a $14.25 target price for the company. in a report on Tuesday, July 21st. Weiss Ratings raised shares of Utz Brands from a “sell (d)” rating to a “sell (d+)” rating in a research note on Monday, October 12th. Finally, Barclays cut Utz Brands from an “overweight” rating to an “equal weight” rating and set a $14.00 price objective on the stock. in a research note on Tuesday, July 21st.

View Our Latest Stock Analysis on Utz Brands

Institutional Investors Weigh In On Utz Brands

Large investors have recently made changes to their positions in the stock. Copeland Capital Management LLC grew its stake in Utz Brands by 17.8% during the first quarter. Copeland Capital Management LLC now owns 4,063,561 shares of the company’s stock worth $32,183,000 after buying an additional 613,699 shares in the last quarter. Bank of America Corp DE boosted its holdings in Utz Brands by 26.7% in the 1st quarter. Bank of America Corp DE now owns 796,586 shares of the company’s stock valued at $6,309,000 after purchasing an additional 167,958 shares during the period. Systematic Financial Management LP increased its holdings in shares of Utz Brands by 195.5% in the first quarter. Systematic Financial Management LP now owns 849,461 shares of the company’s stock worth $6,728,000 after buying an additional 561,961 shares during the period. Ancora Advisors LLC purchased a new stake in Utz Brands in the second quarter worth about $1,068,000. Finally, Diamond Hill Capital Management LLC Investment Advisor purchased a new stake in Utz Brands during the 2nd quarter valued at about $14,462,000. Institutional investors own 95.97% of the company’s stock.

Utz Brands Stock Performance

Shares of UTZ stock opened at $14.24 on Friday. The company has a market capitalization of $2.05 billion, a P/E ratio of -43.17 and a beta of 0.79. 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 stock has a 50 day moving average price of $14.27 and a two-hundred day moving average price of $10.51. Utz Brands has a fifty-two week low of $6.78 and a fifty-two week high of $14.36.

Utz Brands (NYSE:UTZ – Get Free Report) last issued its earnings results on Friday, November 6th. The company reported $0.10 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.23 by ($0.13). The business had revenue of $369.20 million for the quarter, compared to the consensus estimate of $384.60 million. Utz Brands had a negative net margin of 2.00% and a positive return on equity of 8.97%. The firm’s revenue for the quarter was down 2.3% compared to the same quarter last year. During the same period last year, the business posted $0.23 EPS. Analysts expect that Utz Brands will post 0.80 earnings per share for the current year.

Utz Brands Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Thursday, October 1st. Stockholders of record on Monday, September 21st were paid a $0.0630 dividend. 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 is -75.76%.

About Utz Brands

(Get Free Report)

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.

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