Utz Brands (NYSE:UTZ) Cut to Sell at Wall Street Zen

by · The Cerbat Gem

Wall Street Zen lowered shares of Utz Brands (NYSE:UTZ – Free Report) from a hold rating to a sell rating in a report issued on Saturday.

Several other equities research analysts also recently issued reports on UTZ. TD Cowen dropped their price target on shares of Utz Brands from $11.00 to $9.00 and set a “hold” rating on the stock in a research note on Monday, April 20th. BTIG Research began coverage on Utz Brands in a research note on Monday, April 13th. They set a “buy” rating and a $10.00 target price for the company. Piper Sandler reaffirmed a “neutral” rating and set a $14.25 target price (up from $10.00) on shares of Utz Brands in a research report on Thursday, July 23rd. DA Davidson reaffirmed a “neutral” rating and set a $14.25 target price (down from $15.00) on shares of Utz Brands in a research report on Wednesday, July 22nd. Finally, Stephens set a $14.25 price target on Utz Brands in a research note on Tuesday, July 21st. One investment analyst has rated the stock with a Buy rating, nine have given a Hold rating and one has issued a Sell rating to the company. According to MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus target price of $13.39.

Get Our Latest Analysis on Utz Brands

Utz Brands Stock Down 0.1%

Shares of NYSE:UTZ opened at $14.09 on Friday. The company has a quick ratio of 0.75, a current ratio of 1.14 and a debt-to-equity ratio of 0.62. Utz Brands has a 52-week low of $6.78 and a 52-week high of $14.44. The company has a 50 day moving average of $8.11 and a two-hundred day moving average of $8.49. The company has a market capitalization of $2.03 billion, a price-to-earnings ratio of -140.84 and a beta of 0.82.

Utz Brands (NYSE:UTZ – Get Free Report) last posted its quarterly earnings data on Wednesday, May 6th. The company reported $0.15 earnings per share (EPS) for the quarter, beating 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 $361.76 million. Utz Brands had a negative net margin of 0.58% and a positive return on equity of 8.61%. The business’s quarterly revenue was up 2.6% on a year-over-year basis. During the same quarter last year, the firm posted $0.16 earnings per share. Utz Brands has set its FY 2026 guidance at 0.771-0.795 EPS. As a group, analysts forecast that Utz Brands will post 0.78 earnings per share for the current fiscal year.

Utz Brands Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, July 2nd. Stockholders of record on Monday, June 22nd were given a $0.063 dividend. The ex-dividend date of this dividend was Monday, June 22nd. This represents a $0.25 annualized dividend and a dividend yield of 1.8%. Utz Brands’s payout ratio is presently -250.00%.

Hedge Funds Weigh In On Utz Brands

Several large investors have recently modified their holdings of UTZ. Versant Capital Management Inc lifted its holdings in Utz Brands by 363.5% during the 2nd quarter. Versant Capital Management Inc now owns 6,086 shares of the company’s stock worth $47,000 after buying an additional 4,773 shares during the last quarter. Bank of America Corp DE increased its holdings in shares of 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 acquiring an additional 167,958 shares during the last quarter. Royal Bank of Canada increased its holdings in shares of Utz Brands by 61.4% in the 1st quarter. Royal Bank of Canada now owns 937,060 shares of the company’s stock valued at $7,421,000 after acquiring an additional 356,428 shares during the last quarter. Quantinno Capital Management LP raised its position in shares of Utz Brands by 140.9% during the 1st quarter. Quantinno Capital Management LP now owns 291,034 shares of the company’s stock valued at $2,305,000 after acquiring an additional 170,211 shares in the last quarter. Finally, Arrowstreet Capital Limited Partnership raised its position in shares of Utz Brands by 127.4% during the 1st quarter. Arrowstreet Capital Limited Partnership now owns 106,420 shares of the company’s stock valued at $843,000 after acquiring an additional 59,623 shares in the last quarter. Institutional investors own 95.97% of the company’s stock.

Utz Brands Company Profile

(Get Free Report)

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.

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