Utz Brands (NYSE:UTZ) Sets New 52-Week Low – Should You Sell?

Utz Brands, Inc. (NYSE:UTZ)’s share price reached a new 52-week low during trading on Monday . The stock traded as low as $13.00 and last traded at $13.03, with a volume of 30915 shares. The stock had previously closed at $13.36.

Wall Street Analyst Weigh In

Several brokerages recently weighed in on UTZ. Mizuho decreased their price target on Utz Brands from $24.00 to $21.00 and set an “outperform” rating for the company in a report on Monday, November 4th. Piper Sandler reduced their target price on shares of Utz Brands from $24.00 to $20.00 and set an “overweight” rating for the company in a research note on Thursday, January 16th. Barclays dropped their price target on shares of Utz Brands from $19.00 to $17.00 and set an “overweight” rating on the stock in a research note on Friday, January 17th. Finally, TD Cowen cut their price target on shares of Utz Brands from $21.00 to $17.00 and set a “buy” rating for the company in a report on Wednesday, January 8th. Two research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the stock. According to data from MarketBeat.com, Utz Brands presently has an average rating of “Moderate Buy” and a consensus target price of $20.20.

Utz Brands Price Performance

The stock has a market cap of $1.86 billion, a price-to-earnings ratio of -69.61, a PEG ratio of 0.85 and a beta of 1.02. The company’s 50 day moving average is $15.37 and its 200 day moving average is $16.37. The company has a debt-to-equity ratio of 0.56, a current ratio of 1.21 and a quick ratio of 0.85.

Utz Brands Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, January 2nd. Stockholders of record on Monday, December 16th were given a dividend of $0.061 per share. This represents a $0.24 dividend on an annualized basis and a dividend yield of 1.84%. This is an increase from Utz Brands’s previous quarterly dividend of $0.06. The ex-dividend date was Monday, December 16th. Utz Brands’s dividend payout ratio (DPR) is presently -126.32%.

Institutional Investors Weigh In On Utz Brands

Several institutional investors have recently modified their holdings of UTZ. Newton One Investments LLC purchased a new position in Utz Brands in the 4th quarter valued at approximately $26,000. Venturi Wealth Management LLC acquired a new stake in Utz Brands in the fourth quarter valued at $54,000. nVerses Capital LLC acquired a new stake in Utz Brands in the third quarter valued at $142,000. Moody National Bank Trust Division purchased a new position in shares of Utz Brands in the fourth quarter valued at $169,000. Finally, Ballentine Partners LLC acquired a new position in shares of Utz Brands during the 4th quarter worth $220,000. Hedge funds and other institutional investors own 95.97% of the company’s stock.

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.