Utz Brands, Inc. (NYSE:UTZ) Given Average Rating of “Moderate Buy” by Brokerages

Utz Brands, Inc. (NYSE:UTZ) has been given a consensus recommendation of “Moderate Buy” by the nine ratings firms that are currently covering the stock, Marketbeat.com reports. One equities research analyst has rated the stock with a hold recommendation and eight have given a buy recommendation to the company. The average 12 month target price among analysts that have covered the stock in the last year is $19.56.

Several research firms have weighed in on UTZ. Mizuho cut their target price on shares of Utz Brands from $21.00 to $19.00 and set an “outperform” rating on the stock in a report on Monday, February 10th. DA Davidson cut their target price on shares of Utz Brands from $18.00 to $16.00 and set a “neutral” rating on the stock in a report on Monday, February 24th. Royal Bank of Canada cut their target price on shares of Utz Brands from $23.00 to $20.00 and set an “outperform” rating on the stock in a report on Monday, February 24th. Piper Sandler cut their target price on shares of Utz Brands from $24.00 to $20.00 and set an “overweight” rating on the stock in a report on Thursday, January 16th. Finally, TD Cowen cut their target price on shares of Utz Brands from $21.00 to $17.00 and set a “buy” rating on the stock in a report on Wednesday, January 8th.

Insider Buying and Selling

In related news, CEO Howard A. Friedman acquired 3,525 shares of the company’s stock in a transaction that occurred on Monday, February 24th. The shares were acquired at an average cost of $14.16 per share, for a total transaction of $49,914.00. Following the completion of the acquisition, the chief executive officer now directly owns 265,729 shares in the company, valued at approximately $3,762,722.64. The trade was a 1.34 % increase in their position. The purchase was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, insider Cc Collier Holdings, Llc sold 496,038 shares of the firm’s stock in a transaction on Thursday, March 6th. The shares were sold at an average price of $13.40, for a total transaction of $6,646,909.20. The disclosure for this sale can be found here. 17.00% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

A number of hedge funds have recently added to or reduced their stakes in the business. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its position in Utz Brands by 4.6% in the fourth quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 143,728 shares of the company’s stock valued at $2,251,000 after purchasing an additional 6,268 shares in the last quarter. Two Sigma Investments LP bought a new position in shares of Utz Brands in the 4th quarter valued at about $512,000. Snowden Capital Advisors LLC grew its position in shares of Utz Brands by 6.9% in the 4th quarter. Snowden Capital Advisors LLC now owns 35,318 shares of the company’s stock valued at $555,000 after acquiring an additional 2,282 shares during the period. ProShare Advisors LLC grew its position in shares of Utz Brands by 51.1% in the 4th quarter. ProShare Advisors LLC now owns 18,569 shares of the company’s stock valued at $291,000 after acquiring an additional 6,279 shares during the period. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its position 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 acquiring an additional 1,596 shares during the period. Institutional investors own 95.97% of the company’s stock.

Utz Brands Trading Up 1.8 %

Shares of NYSE UTZ opened at $14.03 on Monday. The company’s 50 day simple moving average is $13.90 and its 200 day simple moving average is $15.97. Utz Brands has a fifty-two week low of $12.71 and a fifty-two week high of $20.04. The firm has a market capitalization of $1.98 billion, a P/E ratio of 77.92, a P/E/G ratio of 0.86 and a beta of 1.05. 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 (NYSE:UTZ) last announced its quarterly earnings data on Thursday, February 20th. The company reported $0.22 earnings per share for the quarter, beating the consensus estimate of $0.19 by $0.03. Utz Brands had a net margin of 1.13% and a return on equity of 7.92%. The business had revenue of $341.05 million for the quarter, compared to analyst estimates of $349.93 million. During the same period in the prior year, the business posted $0.16 earnings per share. On average, analysts predict that Utz Brands will post 0.85 EPS for the current year.

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.