UBS Group Has Lowered Expectations for Utz Brands (NYSE:UTZ) Stock Price

Utz Brands (NYSE:UTZ) had its target price reduced by stock analysts at UBS Group from $10.00 to $8.50 in a research report issued on Tuesday,Benzinga reports. The brokerage presently has a “neutral” rating on the stock. UBS Group’s price objective indicates a potential upside of 12.17% from the company’s previous close.

Several other equities analysts have also weighed in on UTZ. Piper Sandler dropped their price objective on shares of Utz Brands from $15.00 to $13.00 and set an “overweight” rating on the stock in a report on Tuesday, January 13th. Zacks Research lowered shares of Utz Brands from a “hold” rating to a “strong sell” rating in a report on Wednesday, January 14th. Barclays reduced their price objective on Utz Brands from $13.00 to $12.00 and set an “overweight” rating for the company in a research note on Friday, February 13th. Mizuho set a $14.00 price objective on Utz Brands in a research note on Monday, February 23rd. Finally, Bank of America reduced their price objective on Utz Brands from $15.00 to $14.00 and set a “buy” rating for the company in a research note on Tuesday, January 13th. Four investment 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. Based on data from MarketBeat, the stock has a consensus rating of “Hold” and an average price target of $12.64.

Utz Brands Stock Performance

Shares of UTZ stock opened at $7.58 on Tuesday. The company has a market cap of $1.09 billion, a price-to-earnings ratio of 758.56, a price-to-earnings-growth ratio of 2.84 and a beta of 0.98. Utz Brands has a 52 week low of $7.11 and a 52 week high of $14.67. The company has a quick ratio of 0.82, a current ratio of 1.19 and a debt-to-equity ratio of 0.62. The firm has a 50 day moving average of $8.77 and a 200-day moving average of $10.06.

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

Hedge Funds Weigh In On Utz Brands

A number of hedge funds have recently added to or reduced their stakes in the stock. Hsbc Holdings PLC boosted its stake in Utz Brands by 27.1% during the 4th quarter. Hsbc Holdings PLC now owns 27,757 shares of the company’s stock valued at $290,000 after purchasing an additional 5,918 shares during the last quarter. Alpine Global Management LLC purchased a new stake in Utz Brands in the 4th quarter valued at $183,000. Virtu Financial LLC purchased a new stake in Utz Brands in the 4th quarter valued at $111,000. Invesco Ltd. raised its position in Utz Brands by 22.4% in the 4th quarter. Invesco Ltd. now owns 132,000 shares of the company’s stock valued at $1,370,000 after buying an additional 24,167 shares during the last quarter. Finally, Mercer Global Advisors Inc. ADV purchased a new stake in Utz Brands in the 4th quarter valued at $1,061,000. Institutional investors and hedge funds own 95.97% of the company’s stock.

About Utz Brands

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.