King Luther Capital Management Corp Grows Holdings in Utz Brands, Inc. (NYSE:UTZ)

King Luther Capital Management Corp grew its holdings in Utz Brands, Inc. (NYSE:UTZ) by 12.2% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 272,706 shares of the company’s stock after purchasing an additional 29,560 shares during the period. King Luther Capital Management Corp owned about 0.19% of Utz Brands worth $4,271,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Copeland Capital Management LLC grew its position in shares of Utz Brands by 1.9% during the 4th quarter. Copeland Capital Management LLC now owns 3,117,478 shares of the company’s stock worth $48,820,000 after buying an additional 59,429 shares in the last quarter. State Street Corp grew its position in shares of Utz Brands by 9.5% during the 3rd quarter. State Street Corp now owns 1,758,961 shares of the company’s stock worth $31,256,000 after buying an additional 152,868 shares in the last quarter. Geode Capital Management LLC grew its position in shares of Utz Brands by 3.2% during the 3rd quarter. Geode Capital Management LLC now owns 1,548,231 shares of the company’s stock worth $27,409,000 after buying an additional 47,320 shares in the last quarter. Victory Capital Management Inc. grew its position in shares of Utz Brands by 2.5% during the 4th quarter. Victory Capital Management Inc. now owns 1,510,472 shares of the company’s stock worth $23,654,000 after buying an additional 36,425 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. grew its position in shares of Utz Brands by 1.0% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 576,730 shares of the company’s stock worth $9,032,000 after buying an additional 5,569 shares in the last quarter. Hedge funds and other institutional investors own 95.97% of the company’s stock.

Utz Brands Price Performance

Shares of NYSE UTZ opened at $13.64 on Thursday. The company has a debt-to-equity ratio of 0.56, a quick ratio of 0.85 and a current ratio of 1.21. The company has a market cap of $1.93 billion, a PE ratio of 75.75, a P/E/G ratio of 0.86 and a beta of 1.05. The business has a 50-day simple moving average of $13.79 and a two-hundred day simple moving average of $15.91. Utz Brands, Inc. has a fifty-two week low of $12.71 and a fifty-two week high of $20.04.

Utz Brands (NYSE:UTZ) last issued its quarterly earnings results 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. The business had revenue of $341.05 million during the quarter, compared to the consensus estimate of $349.93 million. Utz Brands had a return on equity of 7.92% and a net margin of 1.13%. During the same quarter last year, the company earned $0.16 earnings per share. As a group, equities analysts expect that Utz Brands, Inc. will post 0.85 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

UTZ has been the topic of a number of recent research reports. Royal Bank of Canada dropped their price target on Utz Brands from $23.00 to $20.00 and set an “outperform” rating on the stock in a research report on Monday, February 24th. DA Davidson dropped their price objective on Utz Brands from $18.00 to $16.00 and set a “neutral” rating on the stock in a research report on Monday, February 24th. Barclays dropped their price objective on Utz Brands from $19.00 to $17.00 and set an “overweight” rating on the stock in a research report on Friday, January 17th. Piper Sandler dropped their price objective on Utz Brands from $24.00 to $20.00 and set an “overweight” rating on the stock in a research report on Thursday, January 16th. Finally, Mizuho dropped their price objective on Utz Brands from $21.00 to $19.00 and set an “outperform” rating on the stock in a research report on Monday, February 10th. One research analyst has rated the stock with a hold rating and eight have issued a buy rating to the company. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $19.56.

Insider Transactions at Utz Brands

In other news, CEO Howard A. Friedman acquired 3,525 shares of Utz Brands stock in a transaction dated Monday, February 24th. The stock was purchased at an average cost of $14.16 per share, for a total transaction of $49,914.00. Following the completion of the purchase, the chief executive officer now directly owns 265,729 shares in the company, valued at $3,762,722.64. This trade represents a 1.34 % increase in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, insider Cc Collier Holdings, Llc sold 496,038 shares of the firm’s stock in a transaction dated Thursday, March 6th. The stock was sold at an average price of $13.40, for a total value of $6,646,909.20. The disclosure for this sale can be found here. Company insiders own 17.00% of the company’s stock.

About Utz Brands

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.