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

Utz Brands, Inc. (NYSE:UTZGet Free Report)’s stock price fell 3.9% during trading on Tuesday . The company traded as low as $12.78 and last traded at $12.73. 150,851 shares traded hands during mid-day trading, a decline of 88% from the average session volume of 1,209,491 shares. The stock had previously closed at $13.25.

Wall Street Analysts Forecast Growth

A number of research firms have commented on UTZ. Barclays reduced their target price on Utz Brands from $19.00 to $17.00 and set an “overweight” rating on the stock in a research report on Friday, January 17th. Piper Sandler dropped their price objective on Utz Brands from $24.00 to $20.00 and set an “overweight” rating for the company in a research note on Thursday, January 16th. Mizuho dropped their price objective on Utz Brands from $24.00 to $21.00 and set an “outperform” rating for the company in a research note on Monday, November 4th. Finally, TD Cowen dropped their price objective on Utz Brands from $21.00 to $17.00 and set a “buy” rating for the company in a research note on Wednesday, January 8th. Two equities research analysts have rated the stock with a hold rating and eight have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $20.20.

Get Our Latest Report on Utz Brands

Utz Brands Price Performance

The company has a 50 day moving average of $15.37 and a 200 day moving average of $16.37. The stock has a market capitalization of $1.85 billion, a price-to-earnings ratio of -69.04, a PEG ratio of 0.85 and a beta of 1.02. 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 Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, January 2nd. Stockholders of record on Monday, December 16th were given a dividend of $0.061 per share. This is a boost from Utz Brands’s previous quarterly dividend of $0.06. This represents a $0.24 annualized dividend and a dividend yield of 1.86%. The ex-dividend date of this dividend was Monday, December 16th. Utz Brands’s dividend payout ratio is currently -126.32%.

Insider Transactions at Utz Brands

In other Utz Brands news, insider Cc Collier Holdings, Llc sold 2,815,404 shares of the company’s stock in a transaction that occurred on 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 of the company’s stock, valued at $8,576,497.02. This represents a 85.02 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Insiders own 17.00% of the company’s stock.

Hedge Funds Weigh In On Utz Brands

A number of large investors have recently modified their holdings of the business. Renaissance Technologies LLC acquired a new stake in shares of Utz Brands in the 2nd quarter worth approximately $890,000. Creative Planning grew its holdings in shares of Utz Brands by 8.2% in the 2nd quarter. Creative Planning now owns 37,155 shares of the company’s stock worth $618,000 after acquiring an additional 2,802 shares during the period. Truist Financial Corp grew its holdings in shares of Utz Brands by 20.8% in the 2nd quarter. Truist Financial Corp now owns 24,209 shares of the company’s stock worth $403,000 after acquiring an additional 4,176 shares during the period. SG Americas Securities LLC grew its holdings in shares of Utz Brands by 279.2% in the 3rd quarter. SG Americas Securities LLC now owns 23,510 shares of the company’s stock worth $416,000 after acquiring an additional 17,310 shares during the period. Finally, nVerses Capital LLC acquired a new stake in shares of Utz Brands in the 3rd quarter worth approximately $142,000. 95.97% of the stock is owned by hedge funds and other institutional investors.

Utz Brands Company Profile

(Get Free Report)

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.

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