Analysts Set Utz Brands, Inc. (NYSE:UTZ) PT at $19.56

Shares of Utz Brands, Inc. (NYSE:UTZ) have received a consensus rating of “Moderate Buy” from the eight analysts that are covering the company, Marketbeat.com reports. One research analyst has rated the stock with a hold recommendation and seven have assigned a buy recommendation to the company. The average 1 year target price among analysts that have issued ratings on the stock in the last year is $19.25.

UTZ has been the subject of several research analyst reports. Barclays decreased their price objective on Utz Brands from $19.00 to $17.00 and set an “overweight” rating for the company in a report on Friday, January 17th. Mizuho lowered their price target on Utz Brands from $21.00 to $19.00 and set an “outperform” rating on the stock in a report on Monday, February 10th. Royal Bank of Canada dropped their target price on 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 price target on Utz Brands from $24.00 to $20.00 and set an “overweight” rating for the company in a report on Thursday, January 16th. Finally, TD Cowen cut their price objective on shares of Utz Brands from $21.00 to $17.00 and set a “buy” rating for the company in a research report on Wednesday, January 8th.

Utz Brands Price Performance

Shares of NYSE UTZ opened at $13.29 on Monday. The stock’s 50-day simple moving average is $13.72 and its 200-day simple moving average is $15.87. The firm has a market capitalization of $1.88 billion, a PE ratio of 73.82, a price-to-earnings-growth ratio of 0.86 and a beta of 1.05. Utz Brands has a fifty-two week low of $12.71 and a fifty-two week high of $20.04. The company has a debt-to-equity ratio of 0.56, a quick ratio of 0.85 and a current ratio of 1.21.

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

Insider Buying and Selling at Utz Brands

In other news, CEO Howard A. Friedman bought 3,525 shares of the firm’s stock in a transaction that occurred on Monday, February 24th. The shares were purchased at an average price of $14.16 per share, for a total transaction of $49,914.00. Following the completion of the transaction, the chief executive officer now owns 265,729 shares in the company, valued at $3,762,722.64. The trade was a 1.34 % increase in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, insider Cc Collier Holdings, Llc sold 496,038 shares of the firm’s stock in a transaction on Thursday, March 6th. The stock was sold at an average price of $13.40, for a total value of $6,646,909.20. The disclosure for this sale can be found here. 17.00% of the stock is owned by corporate insiders.

Institutional Trading of Utz Brands

A number of hedge funds have recently added to or reduced their stakes in UTZ. JPMorgan Chase & Co. grew its stake in shares of Utz Brands by 14.9% during the 4th quarter. JPMorgan Chase & Co. now owns 7,923,292 shares of the company’s stock valued at $124,079,000 after buying an additional 1,025,656 shares during the period. Champlain Investment Partners LLC raised its holdings in shares of Utz Brands by 13.5% during the 4th quarter. Champlain Investment Partners LLC now owns 5,208,402 shares of the company’s stock valued at $81,564,000 after buying an additional 620,196 shares during the period. Ameriprise Financial Inc. lifted its position in Utz Brands by 20.5% during the 4th quarter. Ameriprise Financial Inc. now owns 4,110,873 shares of the company’s stock worth $64,376,000 after acquiring an additional 698,589 shares in the last quarter. Copeland Capital Management LLC grew its position in Utz Brands by 1.9% in the fourth quarter. Copeland Capital Management LLC now owns 3,117,478 shares of the company’s stock valued at $48,820,000 after acquiring an additional 59,429 shares in the last quarter. Finally, State Street Corp lifted its position in shares of Utz Brands by 9.5% during the third quarter. State Street Corp now owns 1,758,961 shares of the company’s stock worth $31,256,000 after purchasing an additional 152,868 shares in the last quarter. 95.97% of the stock is owned by institutional investors and hedge funds.

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.