Utz Brands (NYSE:UTZ) Shares Down 3.9% – Time to Sell?

Utz Brands, Inc. (NYSE:UTZ)’s stock price dropped 3.9% during trading on Tuesday . The company traded as low as $12.78 and last traded at $12.73. Approximately 150,851 shares were traded during trading, a decline of 88% from the average daily volume of 1,209,491 shares. The stock had previously closed at $13.25.

Wall Street Analysts Forecast Growth

A number of research analysts have weighed in on the company. TD Cowen reduced 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. Mizuho reduced their price target on Utz Brands from $24.00 to $21.00 and set an “outperform” rating on the stock in a research note on Monday, November 4th. Barclays reduced their price target 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. Finally, Piper Sandler reduced 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. Two analysts have rated the stock with a hold rating and eight have issued a buy rating to the company’s stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $20.20.

Utz Brands Stock Down 1.0 %

The firm has a 50-day simple moving average of $15.37 and a 200 day simple moving average of $16.37. 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 company has a market capitalization of $1.85 billion, a PE ratio of -69.04, a price-to-earnings-growth ratio of 0.85 and a beta of 1.02.

Utz Brands Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, January 2nd. Shareholders of record on Monday, December 16th were given a $0.061 dividend. The ex-dividend date was Monday, December 16th. This is a positive change from Utz Brands’s previous quarterly dividend of $0.06. This represents a $0.24 annualized dividend and a yield of 1.86%. Utz Brands’s dividend payout ratio (DPR) is -126.32%.

Insider Buying and Selling at Utz Brands

In other news, insider Cc Collier Holdings, Llc sold 2,815,404 shares of the firm’s stock in a transaction dated Wednesday, November 6th. The stock was sold at an average price of $17.29, for a total transaction of $48,678,335.16. Following the completion of the sale, the insider now directly owns 496,038 shares in the company, valued at $8,576,497.02. This trade represents a 85.02 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. 17.00% of the stock is currently owned by corporate insiders.

Institutional Trading of Utz Brands

Large investors have recently modified their holdings of the business. Newton One Investments LLC acquired a new stake in shares of Utz Brands during the fourth quarter valued at about $26,000. Venturi Wealth Management LLC acquired a new position in Utz Brands in the fourth quarter worth about $54,000. nVerses Capital LLC acquired a new position in Utz Brands in the third quarter worth about $142,000. Moody National Bank Trust Division acquired a new position in Utz Brands in the fourth quarter worth about $169,000. Finally, Ballentine Partners LLC acquired a new position in Utz Brands in the fourth quarter worth about $220,000. 95.97% of the stock is currently owned by institutional investors and hedge funds.

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.