Utz Brands, Inc. (NYSE:UTZ) Declares $0.06 Quarterly Dividend

Utz Brands, Inc. (NYSE:UTZ) announced a quarterly dividend on Thursday, June 11th. Shareholders of record on Monday, June 22nd will be paid a dividend of 0.063 per share on Thursday, July 2nd. This represents a c) annualized dividend and a yield of 3.5%. The ex-dividend date of this dividend is Monday, June 22nd.

Utz Brands has increased its dividend by an average of 0.2%annually over the last three years and has increased its dividend annually for the last 3 consecutive years. Utz Brands has a payout ratio of 26.0% indicating that its dividend is sufficiently covered by earnings. Research analysts expect Utz Brands to earn $0.83 per share next year, which means the company should continue to be able to cover its $0.25 annual dividend with an expected future payout ratio of 30.1%.

Utz Brands Trading Up 0.4%

Shares of Utz Brands stock opened at $7.12 on Friday. The business has a fifty day simple moving average of $7.51 and a two-hundred day simple moving average of $8.82. Utz Brands has a 1 year low of $6.78 and a 1 year high of $14.67. The company has a market capitalization of $1.02 billion, a price-to-earnings ratio of -71.14, a P/E/G ratio of 2.59 and a beta of 0.83. The company has a debt-to-equity ratio of 0.62, a current ratio of 1.14 and a quick ratio of 0.75.

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

Analysts Set New Price Targets

UTZ has been the subject of a number of research reports. UBS Group dropped their target price on Utz Brands from $10.00 to $8.50 and set a “neutral” rating for the company in a report on Tuesday, April 7th. Zacks Research raised Utz Brands from a “strong sell” rating to a “hold” rating in a report on Monday, April 20th. Royal Bank Of Canada set a $15.00 target price on Utz Brands in a report on Thursday, April 9th. Barclays dropped their target price on Utz Brands from $12.00 to $10.00 and set an “overweight” rating for the company in a report on Tuesday, April 14th. Finally, Mizuho set a $14.00 target price on Utz Brands in a report on Monday, February 23rd. Four investment analysts have rated the stock with a Buy rating, three have issued a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat, Utz Brands presently has a consensus rating of “Hold” and a consensus price target of $12.06.

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.