Hudson Bay Capital Management LP Has $616,000 Position in Utz Brands, Inc. $UTZ

Hudson Bay Capital Management LP cut its holdings in Utz Brands, Inc. (NYSE:UTZ) by 63.7% in the 3rd quarter, Holdings Channel.com reports. The firm owned 50,730 shares of the company’s stock after selling 89,183 shares during the quarter. Hudson Bay Capital Management LP’s holdings in Utz Brands were worth $616,000 as of its most recent SEC filing.

A number of other large investors have also bought and sold shares of UTZ. Dark Forest Capital Management LP lifted its stake in Utz Brands by 627.5% in the third quarter. Dark Forest Capital Management LP now owns 88,337 shares of the company’s stock valued at $1,073,000 after buying an additional 76,194 shares in the last quarter. XTX Topco Ltd bought a new stake in shares of Utz Brands during the third quarter worth $752,000. Alyeska Investment Group L.P. raised its holdings in shares of Utz Brands by 3.4% during the third quarter. Alyeska Investment Group L.P. now owns 1,176,611 shares of the company’s stock worth $14,296,000 after acquiring an additional 39,110 shares during the period. Prelude Capital Management LLC bought a new stake in Utz Brands in the 3rd quarter valued at $200,000. Finally, Holocene Advisors LP increased its holdings in Utz Brands by 1,674.6% during the 3rd quarter. Holocene Advisors LP now owns 180,812 shares of the company’s stock worth $2,197,000 after purchasing an additional 170,623 shares in the last quarter. 95.97% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of brokerages have recently commented on UTZ. UBS Group set a $10.00 price target on Utz Brands in a report on Friday, February 13th. DA Davidson set a $15.00 price target on Utz Brands in a research report on Wednesday, January 14th. Barclays lowered their price objective on shares of Utz Brands from $13.00 to $12.00 and set an “overweight” rating on the stock in a report on Friday, February 13th. Piper Sandler reduced their target price on shares of Utz Brands from $15.00 to $13.00 and set an “overweight” rating for the company in a report on Tuesday, January 13th. Finally, Mizuho set a $14.00 target price on shares of Utz Brands in a research report on Monday, February 23rd. Four analysts have rated the stock with a Buy rating, two have given a Hold rating and two have given a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus price target of $12.86.

Utz Brands Trading Down 2.0%

Shares of Utz Brands stock opened at $7.54 on Monday. The company has a debt-to-equity ratio of 0.62, a current ratio of 1.19 and a quick ratio of 0.82. The business has a fifty day simple moving average of $9.48 and a two-hundred day simple moving average of $10.54. Utz Brands, Inc. has a 1 year low of $7.26 and a 1 year high of $14.67. The company has a market capitalization of $1.08 billion, a price-to-earnings ratio of 755.06, a P/E/G ratio of 2.77 and a beta of 0.93.

Utz Brands (NYSE:UTZ) last released its quarterly earnings data on Thursday, February 12th. The company reported $0.26 EPS for the quarter, meeting the consensus estimate of $0.26. The firm had revenue of $342.20 million for the quarter, compared to the consensus estimate of $346.99 million. Utz Brands had a net margin of 0.06% and a return on equity of 8.57%. The company’s quarterly revenue was up .4% on a year-over-year basis. During the same period in the previous year, the company earned $0.22 earnings per share. Utz Brands has set its FY 2026 guidance at 0.771-0.795 EPS. Research analysts forecast that Utz Brands, Inc. will post 0.85 EPS for the current year.

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.