DF Dent & Co. Inc. Sells 58,298 Shares of Utz Brands, Inc. (NYSE:UTZ)

DF Dent & Co. Inc. cut its position in shares of Utz Brands, Inc. (NYSE:UTZ) by 4.8% during the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 1,159,031 shares of the company’s stock after selling 58,298 shares during the quarter. DF Dent & Co. Inc.’s holdings in Utz Brands were worth $18,150,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Newton One Investments LLC bought a new stake in shares of Utz Brands during the 4th quarter valued at $26,000. Venturi Wealth Management LLC bought a new position in shares of Utz Brands in the 4th quarter worth about $54,000. Moody National Bank Trust Division purchased a new position in Utz Brands during the 4th quarter valued at about $169,000. M&T Bank Corp grew its stake in shares of Utz Brands by 18.9% in the 4th quarter. M&T Bank Corp now owns 12,678 shares of the company’s stock worth $198,000 after buying an additional 2,011 shares during the last quarter. Finally, Ballentine Partners LLC bought a new position in Utz Brands during the 4th quarter valued at approximately $220,000. 95.97% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

UTZ has been the topic of a number of recent research reports. TD Cowen cut their target price on Utz Brands from $21.00 to $17.00 and set a “buy” rating on the stock in a research note on Wednesday, January 8th. Royal Bank of Canada cut their price objective on shares of Utz Brands from $23.00 to $20.00 and set an “outperform” rating on the stock in a research report on Monday, February 24th. Piper Sandler decreased their target price on shares of Utz Brands from $24.00 to $20.00 and set an “overweight” rating for the company in a report on Thursday, January 16th. DA Davidson cut their price target 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. Finally, Barclays decreased their price objective on shares of Utz Brands from $19.00 to $17.00 and set an “overweight” rating for the company in a report on Friday, January 17th. One investment analyst has rated the stock with a hold rating and seven have given a buy rating to the company’s stock. According to data from MarketBeat.com, Utz Brands presently has a consensus rating of “Moderate Buy” and an average target price of $19.25.

Insider Activity at Utz Brands

In related news, insider Cc Collier Holdings, Llc sold 496,038 shares of the stock in a transaction that occurred on Thursday, March 6th. The shares were sold at an average price of $13.40, for a total value of $6,646,909.20. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO Howard A. Friedman bought 3,525 shares of the firm’s stock in a transaction on Monday, February 24th. The shares were purchased at an average price of $14.16 per share, for a total transaction of $49,914.00. Following the purchase, the chief executive officer now owns 265,729 shares in the company, valued at $3,762,722.64. This trade represents a 1.34 % increase in their position. The disclosure for this purchase can be found here. 16.32% of the stock is owned by company insiders.

Utz Brands Trading Down 1.3 %

Shares of NYSE:UTZ opened at $14.04 on Thursday. The stock’s 50-day simple moving average is $13.67 and its two-hundred day simple moving average is $15.54. The stock has a market capitalization of $1.99 billion, a price-to-earnings ratio of 78.00, a PEG ratio of 0.86 and a beta of 1.05. Utz Brands, Inc. has a 52-week low of $12.71 and a 52-week high of $20.04. The company has a debt-to-equity ratio of 0.56, a quick ratio of 0.85 and a current ratio of 1.21.

Utz Brands (NYSE:UTZ) last announced its earnings results on Thursday, February 20th. The company reported $0.22 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 analysts’ expectations of $349.93 million. Utz Brands had a net margin of 1.13% and a return on equity of 7.92%. During the same period in the prior year, the company earned $0.16 earnings per share. Analysts expect that Utz Brands, Inc. will post 0.85 EPS for the current year.

Utz Brands Cuts Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, April 24th. Investors of record on Monday, April 7th will be given a dividend of $0.011 per share. The ex-dividend date of this dividend is Monday, April 7th. This represents a $0.04 annualized dividend and a yield of 0.31%. Utz Brands’s dividend payout ratio (DPR) is presently 133.33%.

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.