DA Davidson Has Lowered Expectations for Utz Brands (NYSE:UTZ) Stock Price

Utz Brands (NYSE:UTZ) had its target price cut by stock analysts at DA Davidson from $18.00 to $16.00 in a research note issued to investors on Monday,Benzinga reports. The firm presently has a “neutral” rating on the stock. DA Davidson’s price objective would indicate a potential upside of 12.12% from the company’s previous close.

UTZ has been the topic of several other research reports. TD Cowen reduced their price target on shares of Utz Brands from $21.00 to $17.00 and set a “buy” rating on the stock in a research report on Wednesday, January 8th. Barclays dropped their price target on shares of Utz Brands from $19.00 to $17.00 and set an “overweight” rating on the stock in a research report on Friday, January 17th. Mizuho decreased their price target on Utz Brands from $21.00 to $19.00 and set an “outperform” rating for the company in a report on Monday, February 10th. Royal Bank of Canada lowered their price objective on Utz Brands from $23.00 to $20.00 and set an “outperform” rating for the company in a research report on Monday. Finally, Piper Sandler decreased their target price 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. Two research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company’s stock. According to data from MarketBeat, Utz Brands presently has a consensus rating of “Moderate Buy” and an average price target of $19.30.

Utz Brands Stock Performance

Shares of Utz Brands stock traded up $0.17 during trading on Monday, reaching $14.27. The company’s stock had a trading volume of 143,301 shares, compared to its average volume of 1,132,337. The business’s 50-day moving average price is $14.35 and its 200-day moving average price is $16.19. Utz Brands has a 52 week low of $12.71 and a 52 week high of $20.04. The firm has a market cap of $2.01 billion, a PE ratio of 79.33, a P/E/G ratio of 0.86 and a beta of 1.01. The company has a quick ratio of 0.85, a current ratio of 1.21 and a debt-to-equity ratio of 0.56.

Utz Brands (NYSE:UTZ) last issued its quarterly earnings results on Thursday, February 20th. The company reported $0.22 EPS 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 for the quarter, compared to analysts’ expectations of $349.93 million. During the same quarter last year, the business earned $0.16 earnings per share. Equities analysts forecast that Utz Brands will post 0.85 earnings per share for the current year.

Institutional Trading of Utz Brands

Hedge funds have recently bought and sold shares of the business. Newton One Investments LLC bought a new position in shares of Utz Brands in the fourth quarter valued at $26,000. Venturi Wealth Management LLC bought a new position in Utz Brands in the 4th quarter valued at about $54,000. Tower Research Capital LLC TRC increased its holdings in Utz Brands by 112.7% during the 4th quarter. Tower Research Capital LLC TRC now owns 7,697 shares of the company’s stock worth $121,000 after purchasing an additional 4,078 shares in the last quarter. Moody National Bank Trust Division purchased a new stake in shares of Utz Brands during the fourth quarter valued at approximately $169,000. Finally, Freestone Grove Partners LP purchased a new position in Utz Brands in the fourth quarter worth $183,000. Institutional investors and hedge funds own 95.97% of the company’s stock.

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.