Insider Buying: Utz Brands, Inc. (NYSE:UTZ) EVP Purchases 1,395 Shares of Stock

Utz Brands, Inc. (NYSE:UTZ) EVP Theresa Robbins Shea purchased 1,395 shares of the firm’s stock in a transaction on Tuesday, February 25th. The stock was bought at an average cost of $14.31 per share, with a total value of $19,962.45. Following the completion of the acquisition, the executive vice president now directly owns 51,271 shares of the company’s stock, valued at $733,688.01. This trade represents a 2.80 % increase in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link.

Utz Brands Trading Down 2.8 %

Shares of Utz Brands stock opened at $13.75 on Thursday. 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 firm’s 50-day moving average price is $14.17 and its 200 day moving average price is $16.13. The firm has a market capitalization of $1.94 billion, a PE ratio of 76.39, a P/E/G ratio of 0.86 and a beta of 1.02. Utz Brands, Inc. has a twelve month low of $12.71 and a twelve month high of $20.04.

Utz Brands (NYSE:UTZ) last announced its quarterly earnings data on Thursday, February 20th. The company reported $0.22 earnings per share for the quarter, beating 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 analyst estimates of $349.93 million. During the same quarter last year, the firm posted $0.16 EPS. On average, sell-side analysts predict that Utz Brands, Inc. will post 0.85 EPS for the current fiscal year.

Utz Brands Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, January 2nd. Investors of record on Monday, December 16th were given a dividend of $0.061 per share. The ex-dividend date of this dividend was Monday, December 16th. This is a positive change from Utz Brands’s previous quarterly dividend of $0.06. This represents a $0.24 dividend on an annualized basis and a yield of 1.77%. Utz Brands’s payout ratio is presently 133.33%.

Institutional Trading of Utz Brands

Hedge funds have recently bought and sold shares of the business. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its stake in shares of Utz Brands by 4.6% in the 4th quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 143,728 shares of the company’s stock worth $2,251,000 after acquiring an additional 6,268 shares during the last quarter. Two Sigma Investments LP acquired a new position in Utz Brands in the 4th quarter valued at about $512,000. Snowden Capital Advisors LLC grew its stake in shares of Utz Brands by 6.9% in the 4th quarter. Snowden Capital Advisors LLC now owns 35,318 shares of the company’s stock valued at $555,000 after buying an additional 2,282 shares during the period. ProShare Advisors LLC increased its holdings in shares of Utz Brands by 51.1% during the 4th quarter. ProShare Advisors LLC now owns 18,569 shares of the company’s stock worth $291,000 after buying an additional 6,279 shares during the last quarter. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its position in shares of Utz Brands by 4.5% during the 4th quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 37,280 shares of the company’s stock valued at $584,000 after buying an additional 1,596 shares during the period. Institutional investors and hedge funds own 95.97% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities analysts have 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 for the company in a report on Wednesday, January 8th. Mizuho cut their price objective on shares of Utz Brands from $21.00 to $19.00 and set an “outperform” rating for the company in a report on Monday, February 10th. Barclays lowered 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. DA Davidson cut their price target on Utz Brands from $18.00 to $16.00 and set a “neutral” rating for the company in a research note on Monday. Finally, Piper Sandler reduced 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. Two research analysts have rated the stock with a hold rating and eight have given a buy rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average 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.