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

Utz Brands, Inc. (NYSE:UTZ) has been given a consensus rating of “Hold” by the eleven brokerages that are covering the firm, MarketBeat reports. One investment analyst has rated the stock with a sell rating, nine have assigned a hold rating and one has issued a buy rating on the company. The average 1-year price target among brokers that have issued ratings on the stock in the last year is $13.3864.

UTZ has been the topic of a number of recent research reports. Jefferies Financial Group lowered Utz Brands from a “strong-buy” rating to a “hold” rating and set a $14.25 price objective on the stock. in a research note on Tuesday, July 21st. Weiss Ratings reaffirmed a “sell (d)” rating on shares of Utz Brands in a research report on Wednesday, June 24th. Stephens set a $14.25 target price on shares of Utz Brands in a research report on Tuesday, July 21st. Piper Sandler reiterated a “neutral” rating and set a $14.25 price target (up from $10.00) on shares of Utz Brands in a research report on Thursday, July 23rd. Finally, DA Davidson reissued a “neutral” rating and issued a $14.25 price objective (down from $15.00) on shares of Utz Brands in a research note on Wednesday, July 22nd.

Institutional Investors Weigh In On Utz Brands

Hedge funds and other institutional investors have recently bought and sold shares of the company. Royal Bank of Canada boosted its position in Utz Brands by 39.7% during the 1st quarter. Royal Bank of Canada now owns 248,912 shares of the company’s stock worth $3,504,000 after buying an additional 70,739 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its position in Utz Brands by 5.9% in the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 39,470 shares of the company’s stock valued at $556,000 after acquiring an additional 2,190 shares during the period. Goldman Sachs Group Inc. raised its stake in shares of Utz Brands by 40.8% during the first quarter. Goldman Sachs Group Inc. now owns 2,022,709 shares of the company’s stock valued at $28,480,000 after acquiring an additional 585,952 shares during the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC raised its stake in shares of Utz Brands by 36.4% during the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 196,013 shares of the company’s stock valued at $2,760,000 after acquiring an additional 52,285 shares during the last quarter. Finally, Legal & General Group Plc lifted its holdings in shares of Utz Brands by 10.0% during the second quarter. Legal & General Group Plc now owns 77,578 shares of the company’s stock worth $974,000 after purchasing an additional 7,073 shares during the period. Institutional investors own 95.97% of the company’s stock.

Utz Brands Trading Up 0.1%

Shares of Utz Brands stock opened at $14.23 on Friday. The company has a debt-to-equity ratio of 0.62, a current ratio of 1.06 and a quick ratio of 0.69. The business has a fifty day simple moving average of $12.62 and a two-hundred day simple moving average of $9.42. Utz Brands has a 1 year low of $6.78 and a 1 year high of $14.27. The company has a market capitalization of $2.05 billion, a price-to-earnings ratio of -43.14 and a beta of 0.76.

Utz Brands (NYSE:UTZ) last issued its quarterly earnings data on Wednesday, August 5th. The company reported $0.19 earnings per share for the quarter, beating the consensus estimate of $0.18 by $0.01. The company had revenue of $371.80 million for the quarter, compared to analyst estimates of $374.18 million. Utz Brands had a negative net margin of 2.00% and a positive return on equity of 8.97%. The company’s revenue was up 1.4% on a year-over-year basis. During the same period in the prior year, the firm earned $0.17 earnings per share. Research analysts forecast that Utz Brands will post 0.8 EPS for the current year.

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.