Utz Brands, Inc. (NYSE:UTZ) EVP Buys $19,962.45 in Stock

Utz Brands, Inc. (NYSE:UTZ) EVP Theresa Robbins Shea bought 1,395 shares of the business’s stock in a transaction that occurred on Tuesday, February 25th. The shares were acquired at an average cost of $14.31 per share, for a total transaction of $19,962.45. Following the completion of the purchase, the executive vice president now owns 51,271 shares in the company, valued at $733,688.01. This trade represents a 2.80 % increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the SEC, which is available at this hyperlink.

Utz Brands Trading Down 1.3 %

Shares of NYSE:UTZ opened at $13.56 on Friday. Utz Brands, Inc. has a 52 week low of $12.71 and a 52 week high of $20.04. The company’s 50 day moving average is $14.12 and its two-hundred day moving average is $16.11. 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 company has a market cap of $1.91 billion, a PE ratio of 75.31, a P/E/G ratio of 0.86 and a beta of 1.02.

Utz Brands (NYSE:UTZ) last announced 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 company had revenue of $341.05 million for the quarter, compared to the consensus estimate of $349.93 million. During the same period in the prior year, the firm 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 Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, January 2nd. Stockholders of record on Monday, December 16th were issued a $0.061 dividend. This is a boost from Utz Brands’s previous quarterly dividend of $0.06. The ex-dividend date of this dividend was Monday, December 16th. This represents a $0.24 annualized dividend and a dividend yield of 1.80%. Utz Brands’s dividend payout ratio is presently 133.33%.

Institutional Inflows and Outflows

Several large investors have recently modified their holdings of UTZ. Smith Group Asset Management LLC boosted its holdings in shares of Utz Brands by 24.2% in the 3rd quarter. Smith Group Asset Management LLC now owns 27,093 shares of the company’s stock valued at $480,000 after buying an additional 5,278 shares in the last quarter. State of New Jersey Common Pension Fund D boosted its holdings in shares of Utz Brands by 16.1% in the 3rd quarter. State of New Jersey Common Pension Fund D now owns 116,544 shares of the company’s stock valued at $2,063,000 after buying an additional 16,201 shares in the last quarter. GSA Capital Partners LLP boosted its holdings in shares of Utz Brands by 100.0% in the 3rd 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. Victory Capital Management Inc. boosted its holdings in shares of Utz Brands by 19.0% in the 3rd 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. Finally, King Luther Capital Management Corp boosted its holdings in shares of Utz Brands by 42.7% in the 3rd quarter. King Luther Capital Management Corp now owns 243,146 shares of the company’s stock valued at $4,304,000 after buying an additional 72,756 shares in the last quarter. Institutional investors and hedge funds own 95.97% of the company’s stock.

Analyst Ratings Changes

Several equities research analysts recently weighed in on UTZ shares. TD Cowen cut their target price on shares of Utz Brands from $21.00 to $17.00 and set a “buy” rating on the stock in a research note on Wednesday, January 8th. Barclays cut their target price on shares of Utz Brands from $19.00 to $17.00 and set an “overweight” rating on the stock in a research note on Friday, January 17th. Royal Bank of Canada cut their target price on shares of Utz Brands from $23.00 to $20.00 and set an “outperform” rating on the stock in a research note on Monday. DA Davidson cut 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. Finally, Piper Sandler cut their target price on shares of Utz Brands from $24.00 to $20.00 and set an “overweight” rating on the stock in a research note on Thursday, January 16th. Two analysts have rated the stock with a hold rating and eight have issued a buy rating to the company. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $19.30.

Utz Brands Company 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.