Utz Brands (NYSE:UTZ) Director Purchases $78,930.99 in Stock

by · The Cerbat Gem

Utz Brands, Inc. (NYSE:UTZ – Get Free Report) Director Dylan Lissette bought 7,901 shares of the stock in a transaction on Friday, November 7th. The shares were acquired at an average price of $9.99 per share, with a total value of $78,930.99. Following the purchase, the director owned 153,684 shares of the company’s stock, valued at $1,535,303.16. The trade was a 5.42% increase in their ownership of the stock. The acquisition was disclosed in a filing with the SEC, which can be accessed through this hyperlink.

Dylan Lissette also recently made the following trade(s):

  • On Monday, November 3rd, Dylan Lissette bought 31,750 shares of Utz Brands stock. The stock was bought at an average price of $10.58 per share, with a total value of $335,915.00.

Utz Brands Stock Performance

NYSE:UTZ traded up $0.07 during midday trading on Monday, reaching $9.98. 1,282,495 shares of the company traded hands, compared to its average volume of 1,151,280. The firm has a market capitalization of $1.43 billion, a price-to-earnings ratio of 142.57, a price-to-earnings-growth ratio of 1.33 and a beta of 1.00. The company has a fifty day moving average price of $12.24 and a 200 day moving average price of $12.84. The company has a debt-to-equity ratio of 0.62, a current ratio of 1.22 and a quick ratio of 0.80. Utz Brands, Inc. has a twelve month low of $9.77 and a twelve month high of $17.82.

Utz Brands (NYSE:UTZ – Get Free Report) last posted its earnings results on Thursday, October 30th. The company reported $0.23 EPS for the quarter, hitting the consensus estimate of $0.23. Utz Brands had a net margin of 0.39% and a return on equity of 8.12%. The firm had revenue of $377.80 million during the quarter, compared to analysts’ expectations of $374.25 million. During the same quarter in the prior year, the firm earned $0.21 EPS. Utz Brands’s quarterly revenue was up 3.4% on a year-over-year basis. Utz Brands has set its FY 2025 guidance at 0.824-0.847 EPS. On average, analysts expect that Utz Brands, Inc. will post 0.85 EPS for the current fiscal year.

Utz Brands Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Thursday, October 2nd. Shareholders of record on Monday, September 15th were given a $0.061 dividend. The ex-dividend date was Monday, September 15th. This represents a $0.24 annualized dividend and a yield of 2.4%. Utz Brands’s payout ratio is 342.86%.

Wall Street Analyst Weigh In

A number of analysts recently weighed in on the stock. UBS Group reduced their target price on shares of Utz Brands from $13.50 to $11.50 and set a “neutral” rating for the company in a report on Friday, October 31st. Barclays reissued an “overweight” rating and set a $14.00 price objective on shares of Utz Brands in a research note on Friday, October 31st. TD Cowen decreased their target price on Utz Brands from $14.00 to $12.00 and set a “hold” rating on the stock in a report on Friday, October 31st. Weiss Ratings reaffirmed a “sell (d+)” rating on shares of Utz Brands in a report on Wednesday, October 8th. Finally, Mizuho set a $16.00 price target on Utz Brands in a research report on Monday, November 3rd. Five investment analysts have rated the stock with a Buy rating, two have issued a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $15.64.

Read Our Latest Stock Analysis on UTZ

Institutional Trading of Utz Brands

A number of hedge funds have recently made changes to their positions in the stock. Vanguard Group Inc. increased its stake in Utz Brands by 7.2% in the 1st quarter. Vanguard Group Inc. now owns 7,439,869 shares of the company’s stock valued at $104,753,000 after buying an additional 501,374 shares during the period. Ameriprise Financial Inc. grew its holdings in shares of Utz Brands by 7.3% during the 2nd quarter. Ameriprise Financial Inc. now owns 6,085,250 shares of the company’s stock valued at $76,370,000 after acquiring an additional 413,493 shares in the last quarter. Copeland Capital Management LLC increased its stake in shares of Utz Brands by 10.8% in the third quarter. Copeland Capital Management LLC now owns 3,131,099 shares of the company’s stock worth $38,043,000 after acquiring an additional 304,163 shares during the last quarter. Balyasny Asset Management L.P. raised its holdings in shares of Utz Brands by 42.3% during the second quarter. Balyasny Asset Management L.P. now owns 2,946,512 shares of the company’s stock worth $36,979,000 after acquiring an additional 875,847 shares in the last quarter. Finally, Goldman Sachs Group Inc. raised its holdings in shares of Utz Brands by 40.8% during the first quarter. Goldman Sachs Group Inc. now owns 2,022,709 shares of the company’s stock worth $28,480,000 after acquiring an additional 585,952 shares in the last quarter. 95.97% of the stock is owned by hedge funds and other institutional investors.

About Utz Brands

(Get Free Report)

Utz Brands, Inc engages in manufacture, marketing, and distribution of snack foods. It offers a range of salty snacks, including salty snacks, including potato chips, tortilla chips, pretzels, cheese snacks, pork skins, veggie snacks, pub/party mixes, tortilla chips, salsa and dips, ready-to-eat popcorn, and other snacks under the Utz, Zapp’s, ON THE BORDER, Golden Flake, Boulder Canyon, Hawaiian, TORTIYAHS!, etc.

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