Utz Brands, Inc. (NYSE:UTZ) Receives Average Rating of “Hold” from Brokerages

Shares of Utz Brands, Inc. (NYSE:UTZ) have been given a consensus rating of “Hold” by the eight analysts that are presently covering the company, MarketBeat.com reports. One equities research analyst has rated the stock with a sell recommendation, three have given a hold recommendation and four have issued a buy recommendation on the company. The average 1-year price objective among brokers that have issued ratings on the stock in the last year is $12.0556.

UTZ has been the subject of a number of recent research reports. BTIG Research initiated coverage on Utz Brands in a report on Monday, April 13th. They set a “buy” rating and a $10.00 price objective for the company. Weiss Ratings reissued a “sell (d)” rating on shares of Utz Brands in a report on Friday, March 27th. UBS Group decreased their price objective on Utz Brands from $10.00 to $8.50 and set a “neutral” rating for the company in a report on Tuesday, April 7th. TD Cowen decreased their price objective on Utz Brands from $11.00 to $9.00 and set a “hold” rating for the company in a report on Monday, April 20th. Finally, Barclays cut their target price on Utz Brands from $12.00 to $10.00 and set an “overweight” rating on the stock in a research note on Tuesday, April 14th.

Hedge Funds Weigh In On Utz Brands

Hedge funds and other institutional investors have recently modified their holdings of the business. NewEdge Advisors LLC purchased a new position in shares of Utz Brands in the 2nd quarter worth approximately $25,000. Aster Capital Management DIFC Ltd boosted its stake in shares of Utz Brands by 194.8% in the 3rd quarter. Aster Capital Management DIFC Ltd now owns 2,618 shares of the company’s stock worth $32,000 after buying an additional 1,730 shares during the last quarter. Global Retirement Partners LLC boosted its stake in shares of Utz Brands by 431.5% in the 4th quarter. Global Retirement Partners LLC now owns 3,343 shares of the company’s stock worth $35,000 after buying an additional 2,714 shares during the last quarter. Farther Finance Advisors LLC boosted its stake in shares of Utz Brands by 118.5% in the 4th quarter. Farther Finance Advisors LLC now owns 4,356 shares of the company’s stock worth $45,000 after buying an additional 2,362 shares during the last quarter. Finally, Osaic Holdings Inc. boosted its stake in shares of Utz Brands by 76.1% in the 2nd quarter. Osaic Holdings Inc. now owns 3,756 shares of the company’s stock worth $47,000 after buying an additional 1,623 shares during the last quarter. Hedge funds and other institutional investors own 95.97% of the company’s stock.

Utz Brands Stock Performance

Shares of UTZ opened at $7.06 on Wednesday. The company has a debt-to-equity ratio of 0.62, a quick ratio of 0.75 and a current ratio of 1.14. The stock has a 50 day moving average price of $7.59 and a two-hundred day moving average price of $8.99. The firm has a market capitalization of $1.02 billion, a P/E ratio of -70.59, a P/E/G ratio of 2.64 and a beta of 0.83. Utz Brands has a 52 week low of $6.92 and a 52 week high of $14.67.

Utz Brands (NYSE:UTZ) last issued its quarterly earnings data on Wednesday, May 6th. The company reported $0.15 EPS for the quarter, topping analysts’ consensus estimates of $0.14 by $0.01. The firm had revenue of $361.30 million during the quarter, compared to analyst estimates of $361.77 million. Utz Brands had a positive return on equity of 8.61% and a negative net margin of 0.58%.The company’s revenue for the quarter was up 2.6% on a year-over-year basis. During the same period in the previous year, the company posted $0.16 EPS. Utz Brands has set its FY 2026 guidance at 0.771-0.795 EPS. Equities analysts forecast that Utz Brands will post 0.78 earnings per share for the current fiscal year.

Utz Brands Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Thursday, April 23rd. Stockholders of record on Monday, April 13th were paid a $0.063 dividend. This represents a $0.25 dividend on an annualized basis and a dividend yield of 3.6%. The ex-dividend date was Monday, April 13th. Utz Brands’s payout ratio is presently -250.00%.

About Utz Brands

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.