Utz Brands, Inc. (NYSE:UTZ) Receives $14.00 Average PT from Brokerages

Utz Brands, Inc. (NYSE:UTZ) has been assigned an average rating of “Hold” from the eight analysts that are presently covering the stock, MarketBeat reports. Two investment analysts have rated the stock with a sell rating, two have issued a hold rating and four have given a buy rating to the company. The average 1 year price target among brokers that have issued ratings on the stock in the last year is $12.8571.

A number of research firms have recently weighed in on UTZ. Barclays cut their price target on Utz Brands from $13.00 to $12.00 and set an “overweight” rating on the stock in a report on Friday, February 13th. TD Cowen cut their target price on Utz Brands from $14.00 to $12.00 and set a “hold” rating on the stock in a research note on Friday, October 31st. UBS Group set a $10.00 price target on Utz Brands in a research report on Friday, February 13th. DA Davidson set a $15.00 price target on Utz Brands in a report on Wednesday, January 14th. Finally, Mizuho set a $14.00 price objective on shares of Utz Brands in a report on Monday.

Utz Brands Stock Performance

UTZ stock opened at $9.30 on Monday. The company has a debt-to-equity ratio of 0.62, a quick ratio of 0.82 and a current ratio of 1.19. The stock has a market capitalization of $1.34 billion, a price-to-earnings ratio of 930.43, a PEG ratio of 3.45 and a beta of 0.92. Utz Brands has a 1 year low of $8.72 and a 1 year high of $14.67. The stock’s fifty day moving average is $10.14 and its two-hundred day moving average is $11.11.

Utz Brands (NYSE:UTZ) last released its quarterly earnings results on Thursday, February 12th. The company reported $0.26 EPS for the quarter, hitting the consensus estimate of $0.26. The business had revenue of $342.20 million during the quarter, compared to analyst estimates of $346.99 million. Utz Brands had a net margin of 0.06% and a return on equity of 8.57%. The company’s quarterly revenue was up .4% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.22 earnings per share. Utz Brands has set its FY 2026 guidance at 0.771-0.795 EPS. On average, research analysts predict that Utz Brands will post 0.85 EPS for the current year.

Utz Brands Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, January 2nd. Stockholders of record on Monday, December 15th were paid a $0.063 dividend. The ex-dividend date of this dividend was Monday, December 15th. This represents a $0.25 dividend on an annualized basis and a dividend yield of 2.7%. This is an increase from Utz Brands’s previous quarterly dividend of $0.06. Utz Brands’s dividend payout ratio (DPR) is currently 2,500.00%.

Institutional Inflows and Outflows

A number of hedge funds have recently made changes to their positions in UTZ. Alyeska Investment Group L.P. lifted its position in Utz Brands by 105.2% in the fourth quarter. Alyeska Investment Group L.P. now owns 2,414,791 shares of the company’s stock worth $25,066,000 after purchasing an additional 1,238,180 shares during the period. Marshall Wace LLP increased its position in shares of Utz Brands by 249.9% during the 4th quarter. Marshall Wace LLP now owns 1,658,502 shares of the company’s stock valued at $17,215,000 after purchasing an additional 1,184,571 shares during the period. Balyasny Asset Management L.P. raised its stake in shares of Utz Brands by 42.3% in the 2nd quarter. Balyasny Asset Management L.P. now owns 2,946,512 shares of the company’s stock worth $36,979,000 after buying an additional 875,847 shares in the last quarter. Tributary Capital Management LLC lifted its holdings in shares of Utz Brands by 93.2% in the third quarter. Tributary Capital Management LLC now owns 1,688,976 shares of the company’s stock valued at $20,521,000 after buying an additional 814,555 shares during the period. Finally, Squarepoint Ops LLC boosted its stake in Utz Brands by 261.5% during the fourth quarter. Squarepoint Ops LLC now owns 994,418 shares of the company’s stock valued at $10,322,000 after buying an additional 719,361 shares in the last quarter. Institutional investors and hedge funds own 95.97% of the company’s stock.

Utz Brands Company Profile

Utz Brands, Inc is a leading U.S. manufacturer and distributor of salty snack foods, offering a wide range of products including potato chips, pretzels, cheese snacks, popcorn and tortilla chips. Headquartered in Hanover, Pennsylvania, the company markets its snacks under several well-known brands and serves grocery, mass merchandise, club, convenience and online retailers throughout the United States.

Founded in 1921 by Bill and Salie Utz as a small country store operation, the business expanded gradually through direct delivery to local customers and sales to regional grocers.