Utz Brands, Inc. (NYSE:UTZ) Given Average Recommendation of “Moderate Buy” by Analysts

Shares of Utz Brands, Inc. (NYSE:UTZ) have been assigned a consensus rating of “Moderate Buy” from the nine research firms that are covering the company, MarketBeat reports. One research analyst has rated the stock with a hold recommendation and eight have issued a buy recommendation on the company. The average 12 month price objective among analysts that have issued ratings on the stock in the last year is $19.56.

UTZ has been the topic of several recent research reports. TD Cowen decreased their price target on shares of Utz Brands from $21.00 to $17.00 and set a “buy” rating on the stock in a research report on Wednesday, January 8th. Piper Sandler decreased their price target on shares of Utz Brands from $24.00 to $20.00 and set an “overweight” rating on the stock in a research report on Thursday, January 16th. Mizuho decreased their price objective on shares of Utz Brands from $21.00 to $19.00 and set an “outperform” rating for the company in a research note on Monday, February 10th. Barclays decreased their price objective on shares of Utz Brands from $19.00 to $17.00 and set an “overweight” rating for the company in a research note on Friday, January 17th. Finally, DA Davidson decreased their price objective on shares of Utz Brands from $18.00 to $16.00 and set a “neutral” rating for the company in a research note on Monday, February 24th.

Utz Brands Price Performance

Shares of NYSE:UTZ opened at $14.03 on Monday. Utz Brands has a 52 week low of $12.71 and a 52 week high of $20.04. The company has a current ratio of 1.21, a quick ratio of 0.85 and a debt-to-equity ratio of 0.56. The firm has a market capitalization of $1.98 billion, a P/E ratio of 77.92, a PEG ratio of 0.86 and a beta of 1.05. The firm’s 50 day moving average is $13.90 and its two-hundred day moving average is $15.97.

Utz Brands (NYSE:UTZ) last posted its quarterly earnings data on Thursday, February 20th. The company reported $0.22 EPS for the quarter, beating analysts’ consensus estimates of $0.19 by $0.03. Utz Brands had a net margin of 1.13% and a return on equity of 7.92%. The business had revenue of $341.05 million for the quarter, compared to analyst estimates of $349.93 million. During the same quarter last year, the business earned $0.16 earnings per share. Analysts anticipate that Utz Brands will post 0.85 earnings per share for the current year.

Insider Activity at Utz Brands

In related news, insider Cc Collier Holdings, Llc sold 496,038 shares of Utz Brands stock in a transaction on Thursday, March 6th. The shares were sold at an average price of $13.40, for a total value of $6,646,909.20. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, CEO Howard A. Friedman acquired 3,525 shares of the company’s stock in a transaction dated Monday, February 24th. The shares were bought at an average price of $14.16 per share, for a total transaction of $49,914.00. Following the acquisition, the chief executive officer now owns 265,729 shares in the company, valued at approximately $3,762,722.64. This trade represents a 1.34 % increase in their position. The disclosure for this purchase can be found here. 17.00% of the stock is owned by company insiders.

Institutional Inflows and Outflows

Large investors have recently made changes to their positions in the stock. Newton One Investments LLC acquired a new position in Utz Brands in the fourth quarter worth about $26,000. Venturi Wealth Management LLC bought a new stake in Utz Brands during the fourth quarter worth about $54,000. Tower Research Capital LLC TRC grew its stake in Utz Brands by 112.7% during the fourth quarter. Tower Research Capital LLC TRC now owns 7,697 shares of the company’s stock worth $121,000 after buying an additional 4,078 shares during the last quarter. Moody National Bank Trust Division bought a new stake in Utz Brands during the fourth quarter worth about $169,000. Finally, Freestone Grove Partners LP bought a new stake in Utz Brands during the fourth quarter worth about $183,000. Institutional investors and hedge funds own 95.97% of the company’s stock.

About Utz Brands

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.