First Bank & Trust Sells 1,072 Shares of Utz Brands, Inc. (NYSE:UTZ)

First Bank & Trust lowered its stake in Utz Brands, Inc. (NYSE:UTZ) by 8.5% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm owned 11,588 shares of the company’s stock after selling 1,072 shares during the period. First Bank & Trust’s holdings in Utz Brands were worth $181,000 as of its most recent filing with the SEC.

A number of other hedge funds also recently modified their holdings of the stock. Victory Capital Management Inc. boosted its stake in Utz Brands by 19.0% in the third quarter. Victory Capital Management Inc. now owns 1,474,047 shares of the company’s stock valued at $26,091,000 after buying an additional 235,622 shares in the last quarter. State Street Corp boosted its stake in Utz Brands by 9.5% in the third quarter. State Street Corp now owns 1,758,961 shares of the company’s stock valued at $31,256,000 after buying an additional 152,868 shares in the last quarter. Barclays PLC boosted its stake in Utz Brands by 21.4% in the third quarter. Barclays PLC now owns 555,477 shares of the company’s stock valued at $9,831,000 after buying an additional 97,767 shares in the last quarter. NFJ Investment Group LLC acquired a new stake in Utz Brands in the third quarter valued at about $1,651,000. Finally, GSA Capital Partners LLP boosted its stake in Utz Brands by 100.0% in the third quarter. GSA Capital Partners LLP now owns 165,896 shares of the company’s stock valued at $2,936,000 after buying an additional 82,935 shares in the last quarter. Institutional investors own 95.97% of the company’s stock.

Utz Brands Price Performance

Utz Brands stock opened at $13.86 on Friday. The stock’s 50 day moving average is $14.42 and its 200 day moving average is $16.22. The company has a debt-to-equity ratio of 0.56, a current ratio of 1.21 and a quick ratio of 0.85. The firm has a market cap of $1.95 billion, a P/E ratio of -72.92, a P/E/G ratio of 0.85 and a beta of 1.01. Utz Brands, Inc. has a one year low of $12.71 and a one year high of $20.04.

Utz Brands (NYSE:UTZ) last posted its quarterly earnings data on Thursday, February 20th. The company reported $0.22 EPS for the quarter, topping analysts’ consensus estimates of $0.19 by $0.03. Utz Brands had a positive return on equity of 7.25% and a negative net margin of 0.99%. During the same period last year, the company earned $0.16 EPS. As a group, research analysts expect that Utz Brands, Inc. will post 0.73 EPS for the current year.

Utz Brands Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, January 2nd. Investors of record on Monday, December 16th were paid a $0.061 dividend. This is a positive change from Utz Brands’s previous quarterly dividend of $0.06. This represents a $0.24 dividend on an annualized basis and a dividend yield of 1.76%. The ex-dividend date of this dividend was Monday, December 16th. Utz Brands’s payout ratio is currently -126.32%.

Analysts Set New Price Targets

Several analysts recently weighed in on UTZ shares. Mizuho reduced their price objective on Utz Brands from $21.00 to $19.00 and set an “outperform” rating on the stock in a research note on Monday, February 10th. Barclays reduced their price objective on Utz Brands from $19.00 to $17.00 and set an “overweight” rating on the stock in a research note on Friday, January 17th. Piper Sandler cut their price target on Utz Brands from $24.00 to $20.00 and set an “overweight” rating on the stock in a research note on Thursday, January 16th. Finally, TD Cowen cut their price target 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. Two analysts have rated the stock with a hold rating and eight have given a buy rating to the stock. According to data from MarketBeat.com, Utz Brands presently has a consensus rating of “Moderate Buy” and a consensus price target of $20.00.

Utz Brands 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.