First Bank & Trust Sells 1,072 Shares of Utz Brands, Inc. (NYSE:UTZ)

First Bank & Trust reduced its holdings in Utz Brands, Inc. (NYSE:UTZ) by 8.5% in the fourth quarter, HoldingsChannel reports. The firm owned 11,588 shares of the company’s stock after selling 1,072 shares during the period. First Bank & Trust’s holdings in Utz Brands were worth $181,000 at the end of the most recent quarter.

A number of other hedge funds have also added to or reduced their stakes in the business. Handelsbanken Fonder AB increased its holdings in shares of Utz Brands by 18.0% during the fourth quarter. Handelsbanken Fonder AB now owns 22,300 shares of the company’s stock valued at $349,000 after acquiring an additional 3,400 shares in the last quarter. Venturi Wealth Management LLC bought a new stake in shares of Utz Brands during the fourth quarter valued at approximately $54,000. Truist Financial Corp increased its holdings in shares of Utz Brands by 11.0% during the fourth quarter. Truist Financial Corp now owns 26,917 shares of the company’s stock valued at $422,000 after acquiring an additional 2,667 shares in the last quarter. State of New Jersey Common Pension Fund D increased its holdings in shares of Utz Brands by 8.6% during the fourth quarter. State of New Jersey Common Pension Fund D now owns 126,532 shares of the company’s stock valued at $1,981,000 after acquiring an additional 9,988 shares in the last quarter. Finally, Rhumbline Advisers increased its holdings in shares of Utz Brands by 1.9% during the fourth quarter. Rhumbline Advisers now owns 95,103 shares of the company’s stock valued at $1,489,000 after acquiring an additional 1,757 shares in the last quarter. 95.97% of the stock is currently owned by institutional investors.

Utz Brands Stock Up 2.9 %

UTZ stock opened at $13.86 on Friday. The stock’s fifty day simple moving average is $14.42 and its two-hundred day simple moving average is $16.22. The company has a current ratio of 1.21, a quick ratio of 0.85 and a debt-to-equity ratio of 0.56. Utz Brands, Inc. has a 1-year low of $12.71 and a 1-year high of $20.04. The stock has a market cap of $1.95 billion, a P/E ratio of -72.92, a P/E/G ratio of 0.85 and a beta of 1.01.

Utz Brands (NYSE:UTZ) last posted its quarterly earnings data on Thursday, February 20th. The company reported $0.22 earnings per share for the quarter, topping the consensus estimate of $0.19 by $0.03. Utz Brands had a positive return on equity of 7.25% and a negative net margin of 0.99%. During the same period in the previous year, the company earned $0.16 EPS. Analysts expect that Utz Brands, Inc. will post 0.73 EPS for the current year.

Utz Brands Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, January 2nd. Shareholders of record on Monday, December 16th were given a $0.061 dividend. The ex-dividend date was Monday, December 16th. This represents a $0.24 annualized dividend and a yield of 1.76%. This is a boost from Utz Brands’s previous quarterly dividend of $0.06. Utz Brands’s payout ratio is currently -126.32%.

Analysts Set New Price Targets

Several equities research analysts have recently commented on UTZ shares. TD Cowen decreased their price objective on Utz Brands from $21.00 to $17.00 and set a “buy” rating for the company in a report on Wednesday, January 8th. Mizuho decreased their price objective on Utz Brands from $21.00 to $19.00 and set an “outperform” rating for the company in a report on Monday, February 10th. Piper Sandler decreased their price target on Utz Brands from $24.00 to $20.00 and set an “overweight” rating for the company in a report on Thursday, January 16th. Finally, Barclays decreased their price target on Utz Brands from $19.00 to $17.00 and set an “overweight” rating for the company in a report on Friday, January 17th. Two research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $20.00.

Utz Brands 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.