Utz Brands, Inc. (NYSE:UTZ) EVP Theresa Robbins Shea Buys 1,395 Shares

Utz Brands, Inc. (NYSE:UTZ) EVP Theresa Robbins Shea purchased 1,395 shares of the firm’s stock in a transaction that occurred on Tuesday, February 25th. The shares were acquired at an average price of $14.31 per share, with a total value of $19,962.45. Following the purchase, the executive vice president now owns 51,271 shares in the company, valued at $733,688.01. This trade represents a 2.80 % increase in their ownership of the stock. The acquisition was disclosed in a document filed with the SEC, which can be accessed through the SEC website.

Utz Brands Stock Performance

Shares of UTZ opened at $13.56 on Friday. The company has a 50-day simple moving average of $14.12 and a 200-day simple moving average of $16.11. The company has a quick ratio of 0.85, a current ratio of 1.21 and a debt-to-equity ratio of 0.56. The company has a market capitalization of $1.91 billion, a PE ratio of 75.31, a P/E/G ratio of 0.86 and a beta of 1.02. Utz Brands, Inc. has a 52-week low of $12.71 and a 52-week high of $20.04.

Utz Brands (NYSE:UTZ) last announced its quarterly earnings results on Thursday, February 20th. The company reported $0.22 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.19 by $0.03. The business had revenue of $341.05 million during the quarter, compared to the consensus estimate of $349.93 million. Utz Brands had a net margin of 1.13% and a return on equity of 7.92%. During the same quarter last year, the firm posted $0.16 EPS. Equities research analysts predict that Utz Brands, Inc. will post 0.85 earnings per share for the current fiscal year.

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 issued a $0.061 dividend. This represents a $0.24 dividend on an annualized basis and a dividend yield of 1.80%. The ex-dividend date was Monday, December 16th. This is an increase from Utz Brands’s previous quarterly dividend of $0.06. Utz Brands’s dividend payout ratio (DPR) is currently 133.33%.

Hedge Funds Weigh In On Utz Brands

A number of large investors have recently made changes to their positions in the stock. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its holdings in shares of Utz Brands by 4.5% in the 4th quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 37,280 shares of the company’s stock valued at $584,000 after purchasing an additional 1,596 shares in the last quarter. Newton One Investments LLC purchased a new position in Utz Brands during the 4th quarter valued at about $26,000. Rhumbline Advisers increased its holdings in Utz Brands by 1.9% during the 4th 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. LPL Financial LLC increased its holdings in Utz Brands by 4.7% during the 4th quarter. LPL Financial LLC now owns 39,879 shares of the company’s stock valued at $624,000 after acquiring an additional 1,789 shares in the last quarter. Finally, M&T Bank Corp increased its holdings in Utz Brands by 18.9% during the 4th quarter. M&T Bank Corp now owns 12,678 shares of the company’s stock valued at $198,000 after acquiring an additional 2,011 shares in the last quarter. Hedge funds and other institutional investors own 95.97% of the company’s stock.

Wall Street Analyst Weigh In

A number of analysts recently weighed in on the stock. DA Davidson decreased their price target on shares of Utz Brands from $18.00 to $16.00 and set a “neutral” rating for the company in a research note on Monday. Piper Sandler decreased their price target 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. Royal Bank of Canada cut their price objective on shares of Utz Brands from $23.00 to $20.00 and set an “outperform” rating for the company in a research report on Monday. Barclays cut their price objective on shares of Utz Brands from $19.00 to $17.00 and set an “overweight” rating for the company in a research report on Friday, January 17th. Finally, Mizuho cut their price objective on shares of Utz Brands from $21.00 to $19.00 and set an “outperform” rating for the company in a research report on Monday, February 10th. Two investment analysts have rated the stock with a hold rating and eight have given a buy rating to the company. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $19.30.

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.