Utz Brands, Inc. (NYSE:UTZ) Director Buys $64,440.00 in Stock

Utz Brands, Inc. (NYSE:UTZ) Director Bruce John Lindeman acquired 4,000 shares of Utz Brands stock in a transaction that occurred on Monday, August 5th. The stock was acquired at an average price of $16.11 per share, with a total value of $64,440.00. Following the completion of the acquisition, the director now directly owns 42,480 shares in the company, valued at approximately $684,352.80. The purchase was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website.

Utz Brands Trading Down 1.0 %

NYSE UTZ traded down $0.17 on Friday, reaching $17.23. 1,519,159 shares of the company were exchanged, compared to its average volume of 804,218. The company has a current ratio of 1.40, a quick ratio of 0.95 and a debt-to-equity ratio of 0.54. Utz Brands, Inc. has a fifty-two week low of $11.17 and a fifty-two week high of $20.04. The business’s fifty day moving average price is $16.53 and its 200 day moving average price is $17.58. The stock has a market capitalization of $2.43 billion, a P/E ratio of -68.92, a price-to-earnings-growth ratio of 1.07 and a beta of 1.00.

Utz Brands (NYSE:UTZ) last posted its earnings results on Thursday, August 1st. The company reported $0.19 EPS for the quarter, beating analysts’ consensus estimates of $0.16 by $0.03. Utz Brands had a net margin of 0.29% and a return on equity of 6.80%. The company had revenue of $356.20 million for the quarter, compared to analysts’ expectations of $356.23 million. During the same quarter in the prior year, the company posted $0.13 earnings per share. Utz Brands’s revenue for the quarter was down 1.8% compared to the same quarter last year. Analysts forecast that Utz Brands, Inc. will post 0.73 earnings per share for the current year.

Utz Brands Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Wednesday, July 3rd. Shareholders of record on Monday, June 17th were paid a dividend of $0.059 per share. The ex-dividend date was Monday, June 17th. This represents a $0.24 dividend on an annualized basis and a yield of 1.37%. Utz Brands’s dividend payout ratio (DPR) is presently -92.00%.

Institutional Trading of Utz Brands

Several hedge funds have recently made changes to their positions in the business. Fifth Third Bancorp purchased a new position in Utz Brands in the 2nd quarter valued at approximately $44,000. SRS Capital Advisors Inc. boosted its stake in Utz Brands by 120.2% during the 4th quarter. SRS Capital Advisors Inc. now owns 3,464 shares of the company’s stock worth $56,000 after purchasing an additional 1,891 shares during the period. Delta Asset Management LLC TN grew its holdings in shares of Utz Brands by 100.0% during the fourth quarter. Delta Asset Management LLC TN now owns 5,000 shares of the company’s stock worth $81,000 after buying an additional 2,500 shares during the last quarter. International Assets Investment Management LLC increased its stake in Utz Brands by 1,428.8% in the 4th quarter. International Assets Investment Management LLC now owns 5,473 shares of the company’s stock valued at $89,000 after buying an additional 5,115 shares during the period. Finally, SG Americas Securities LLC purchased a new position in Utz Brands during the 2nd quarter worth $103,000. Institutional investors and hedge funds own 95.97% of the company’s stock.

Wall Street Analysts Forecast Growth

UTZ has been the subject of a number of research analyst reports. Royal Bank of Canada lifted their price target on shares of Utz Brands from $19.00 to $23.00 and gave the stock an “outperform” rating in a research note on Friday, May 3rd. Mizuho increased their target price on Utz Brands from $22.00 to $24.00 and gave the company a “buy” rating in a report on Friday, May 3rd. Stephens boosted their price target on Utz Brands from $21.00 to $23.00 and gave the company an “overweight” rating in a research note on Friday, May 3rd. Barclays cut their price objective on shares of Utz Brands from $23.00 to $19.00 and set an “overweight” rating for the company in a research report on Friday, July 19th. Finally, Needham & Company LLC reissued a “buy” rating and issued a $22.00 target price on shares of Utz Brands in a report on Friday, August 2nd. Three equities research analysts have rated the stock with a hold rating and nine have issued a buy rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $20.08.

Utz Brands Company Profile

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.