Bank of America Issues Pessimistic Forecast for Utz Brands (NYSE:UTZ) Stock Price

Utz Brands (NYSE:UTZ) had its target price decreased by investment analysts at Bank of America from $15.00 to $14.00 in a report released on Tuesday,Benzinga reports. The firm presently has a “buy” rating on the stock. Bank of America‘s price target suggests a potential upside of 34.77% from the stock’s previous close.

Other equities research analysts also recently issued research reports about the stock. Mizuho set a $16.00 price objective on shares of Utz Brands in a report on Monday, November 3rd. Weiss Ratings restated a “sell (d)” rating on shares of Utz Brands in a research report on Monday, December 29th. Piper Sandler reduced their price target on shares of Utz Brands from $19.00 to $15.00 and set an “overweight” rating for the company in a research note on Friday, November 21st. UBS Group decreased their price objective on shares of Utz Brands from $13.50 to $11.50 and set a “neutral” rating for the company in a report on Friday, October 31st. Finally, Barclays reissued an “overweight” rating and set a $14.00 target price on shares of Utz Brands in a report on Friday, October 31st. Six equities research analysts have rated the stock with a Buy rating, two have issued a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $14.38.

Utz Brands Stock Up 0.4%

UTZ opened at $10.39 on Tuesday. Utz Brands has a 12 month low of $9.15 and a 12 month high of $14.67. The company has a debt-to-equity ratio of 0.62, a current ratio of 1.22 and a quick ratio of 0.80. The stock has a market cap of $1.48 billion, a P/E ratio of 148.40, a P/E/G ratio of 1.34 and a beta of 0.90. The stock’s 50 day moving average price is $10.03 and its 200 day moving average price is $11.87.

Utz Brands (NYSE:UTZ) last announced its earnings results on Thursday, October 30th. The company reported $0.23 earnings per share for the quarter, meeting the consensus estimate of $0.23. Utz Brands had a return on equity of 8.12% and a net margin of 0.39%.The firm had revenue of $377.80 million for the quarter, compared to the consensus estimate of $374.25 million. During the same quarter in the previous year, the business earned $0.21 EPS. The firm’s revenue for the quarter was up 3.4% on a year-over-year basis. Utz Brands has set its FY 2025 guidance at 0.824-0.847 EPS. As a group, research analysts predict that Utz Brands will post 0.85 earnings per share for the current year.

Insider Transactions at Utz Brands

In other Utz Brands news, CEO Howard A. Friedman bought 7,200 shares of the business’s stock in a transaction that occurred on Monday, November 3rd. The stock was acquired at an average cost of $10.58 per share, with a total value of $76,176.00. Following the completion of the purchase, the chief executive officer directly owned 66,298 shares in the company, valued at approximately $701,432.84. This trade represents a 12.18% increase in their ownership of the stock. The purchase was disclosed in a filing with the SEC, which is available through this link. Also, major shareholder Series R. Of Um Partners, Llc purchased 15,000 shares of the firm’s stock in a transaction on Monday, November 3rd. The stock was acquired at an average price of $10.48 per share, for a total transaction of $157,200.00. Following the transaction, the insider owned 615,000 shares of the company’s stock, valued at $6,445,200. The trade was a 2.50% increase in their position. Additional details regarding this purchase are available in the official SEC disclosure. Insiders have acquired 92,313 shares of company stock valued at $947,055 in the last quarter. Insiders own 16.32% of the company’s stock.

Institutional Trading of Utz Brands

Several hedge funds and other institutional investors have recently modified their holdings of the company. NewEdge Advisors LLC purchased a new position in Utz Brands in the second quarter valued at about $25,000. Aster Capital Management DIFC Ltd increased its position in Utz Brands by 194.8% in the 3rd quarter. Aster Capital Management DIFC Ltd now owns 2,618 shares of the company’s stock worth $32,000 after purchasing an additional 1,730 shares during the last quarter. Osaic Holdings Inc. raised its stake in shares of Utz Brands by 76.1% during the 2nd quarter. Osaic Holdings Inc. now owns 3,756 shares of the company’s stock worth $47,000 after purchasing an additional 1,623 shares in the last quarter. Harbor Investment Advisory LLC lifted its holdings in shares of Utz Brands by 37.6% during the 2nd quarter. Harbor Investment Advisory LLC now owns 5,481 shares of the company’s stock valued at $69,000 after buying an additional 1,497 shares during the last quarter. Finally, Ameritas Investment Partners Inc. lifted its holdings in shares of Utz Brands by 16.1% during the 2nd quarter. Ameritas Investment Partners Inc. now owns 7,394 shares of the company’s stock valued at $93,000 after buying an additional 1,023 shares during the last quarter. 95.97% of the stock is currently owned by hedge funds and other institutional investors.

Utz Brands Company Profile

Utz Brands, Inc is a leading U.S. manufacturer and distributor of salty snack foods, offering a wide range of products including potato chips, pretzels, cheese snacks, popcorn and tortilla chips. Headquartered in Hanover, Pennsylvania, the company markets its snacks under several well-known brands and serves grocery, mass merchandise, club, convenience and online retailers throughout the United States.

Founded in 1921 by Bill and Salie Utz as a small country store operation, the business expanded gradually through direct delivery to local customers and sales to regional grocers.