DF Dent & Co. Inc. Has $18.15 Million Holdings in Utz Brands, Inc. (NYSE:UTZ)

DF Dent & Co. Inc. cut its holdings in shares of Utz Brands, Inc. (NYSE:UTZ) by 4.8% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 1,159,031 shares of the company’s stock after selling 58,298 shares during the period. DF Dent & Co. Inc. owned approximately 0.82% of Utz Brands worth $18,150,000 at the end of the most recent reporting period.

Several other hedge funds have also recently modified their holdings of the company. Newton One Investments LLC purchased a new stake in Utz Brands during the fourth quarter valued at about $26,000. Venturi Wealth Management LLC bought a new position in shares of Utz Brands in the fourth quarter valued at approximately $54,000. Moody National Bank Trust Division purchased a new position in Utz Brands during the fourth quarter valued at approximately $169,000. M&T Bank Corp grew its stake in Utz Brands by 18.9% during the fourth quarter. M&T Bank Corp now owns 12,678 shares of the company’s stock valued at $198,000 after acquiring an additional 2,011 shares in the last quarter. Finally, Ballentine Partners LLC bought a new stake in Utz Brands during the 4th quarter worth approximately $220,000. Institutional investors own 95.97% of the company’s stock.

Insider Buying and Selling

In other news, insider Cc Collier Holdings, Llc sold 496,038 shares of the stock in a transaction that occurred on Thursday, March 6th. The stock was sold at an average price of $13.40, for a total transaction of $6,646,909.20. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Howard A. Friedman acquired 3,525 shares of the stock in a transaction dated Monday, February 24th. The shares were purchased at an average cost of $14.16 per share, with a total value of $49,914.00. Following the completion of the purchase, the chief executive officer now owns 265,729 shares of the company’s stock, valued at approximately $3,762,722.64. The trade was a 1.34 % increase in their position. The disclosure for this purchase can be found here. 16.32% of the stock is owned by corporate insiders.

Wall Street Analysts Forecast Growth

Several research firms have recently weighed in on UTZ. Royal Bank of Canada decreased their price target on shares of Utz Brands from $23.00 to $20.00 and set an “outperform” rating on the stock in a report on Monday, February 24th. Piper Sandler decreased their target price 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. TD Cowen dropped their price target on Utz Brands from $21.00 to $17.00 and set a “buy” rating for the company in a research report on Wednesday, January 8th. Mizuho cut their price objective on Utz Brands from $21.00 to $19.00 and set an “outperform” rating for the company in a report on Monday, February 10th. Finally, DA Davidson lowered their target price on shares of Utz Brands from $18.00 to $16.00 and set a “neutral” rating on the stock in a research note on Monday, February 24th. One equities research analyst has rated the stock with a hold rating and seven have assigned a buy rating to the company’s stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $19.25.

Utz Brands Price Performance

UTZ opened at $14.04 on Thursday. 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 stock has a market capitalization of $1.99 billion, a P/E ratio of 78.00, a PEG ratio of 0.86 and a beta of 1.05. The stock has a 50-day moving average price of $13.67 and a 200-day moving average price of $15.54. Utz Brands, Inc. has a 12-month low of $12.71 and a 12-month high of $20.04.

Utz Brands (NYSE:UTZ) last released its earnings results on Thursday, February 20th. The company reported $0.22 earnings per share for the quarter, topping analysts’ consensus estimates of $0.19 by $0.03. Utz Brands had a return on equity of 7.92% and a net margin of 1.13%. The company had revenue of $341.05 million during the quarter, compared to the consensus estimate of $349.93 million. During the same quarter in the previous year, the company posted $0.16 EPS. Equities analysts predict that Utz Brands, Inc. will post 0.85 earnings per share for the current fiscal year.

Utz Brands Cuts Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, April 24th. Investors of record on Monday, April 7th will be issued a dividend of $0.011 per share. This represents a $0.04 annualized dividend and a dividend yield of 0.31%. The ex-dividend date of this dividend is Monday, April 7th. Utz Brands’s dividend payout ratio is currently 133.33%.

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.