Brokerages Set Utz Brands, Inc. (NYSE:UTZ) Price Target at $12.06

Utz Brands, Inc. (NYSE:UTZ) has been given an average rating of “Hold” by the eight ratings firms that are presently covering the stock, MarketBeat Ratings reports. One investment analyst has rated the stock with a sell recommendation, three have issued a hold recommendation and four have issued a buy recommendation on the company. The average 1-year target price among analysts that have issued a report on the stock in the last year is $12.0556.

UTZ has been the topic of a number of recent research reports. Barclays cut their target price on shares of Utz Brands from $12.00 to $10.00 and set an “overweight” rating on the stock in a report on Tuesday, April 14th. Mizuho set a $14.00 target price on shares of Utz Brands in a report on Monday, February 23rd. UBS Group cut their target price on shares of Utz Brands from $10.00 to $8.50 and set a “neutral” rating on the stock in a report on Tuesday, April 7th. Royal Bank Of Canada set a $15.00 price objective on shares of Utz Brands in a research report on Thursday, April 9th. Finally, TD Cowen lowered their price objective on shares of Utz Brands from $11.00 to $9.00 and set a “hold” rating on the stock in a research report on Monday, April 20th.

Hedge Funds Weigh In On Utz Brands

A number of hedge funds and other institutional investors have recently bought and sold shares of the company. Bank of America Corp DE grew its position in Utz Brands by 26.7% in the 1st quarter. Bank of America Corp DE now owns 796,586 shares of the company’s stock valued at $6,309,000 after buying an additional 167,958 shares during the last quarter. Royal Bank of Canada grew its position in Utz Brands by 61.4% in the 1st quarter. Royal Bank of Canada now owns 937,060 shares of the company’s stock valued at $7,421,000 after buying an additional 356,428 shares during the last quarter. Quantinno Capital Management LP grew its position in Utz Brands by 140.9% in the 1st quarter. Quantinno Capital Management LP now owns 291,034 shares of the company’s stock valued at $2,305,000 after buying an additional 170,211 shares during the last quarter. Arrowstreet Capital Limited Partnership grew its position in Utz Brands by 127.4% in the 1st quarter. Arrowstreet Capital Limited Partnership now owns 106,420 shares of the company’s stock valued at $843,000 after buying an additional 59,623 shares during the last quarter. Finally, Caxton Associates LLP grew its position in Utz Brands by 30.5% in the 1st quarter. Caxton Associates LLP now owns 29,880 shares of the company’s stock valued at $237,000 after buying an additional 6,986 shares during the last quarter. 95.97% of the stock is currently owned by hedge funds and other institutional investors.

Utz Brands Stock Performance

Shares of Utz Brands stock opened at $7.10 on Wednesday. The firm’s fifty day simple moving average is $7.56 and its 200-day simple moving average is $8.89. The stock has a market capitalization of $1.02 billion, a price-to-earnings ratio of -70.94, a PEG ratio of 2.58 and a beta of 0.83. Utz Brands has a 12 month low of $6.78 and a 12 month high of $14.67. The company has a debt-to-equity ratio of 0.62, a current ratio of 1.14 and a quick ratio of 0.75.

Utz Brands (NYSE:UTZ) last announced its earnings results on Wednesday, May 6th. The company reported $0.15 EPS for the quarter, beating analysts’ consensus estimates of $0.14 by $0.01. The business had revenue of $361.30 million for the quarter, compared to analysts’ expectations of $361.77 million. Utz Brands had a negative net margin of 0.58% and a positive return on equity of 8.61%. The company’s quarterly revenue was up 2.6% on a year-over-year basis. During the same period in the previous year, the company posted $0.16 EPS. Utz Brands has set its FY 2026 guidance at 0.771-0.795 EPS. As a group, equities analysts forecast that Utz Brands will post 0.78 earnings per share for the current year.

Utz Brands Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, April 23rd. Investors of record on Monday, April 13th were given a $0.063 dividend. This represents a $0.25 dividend on an annualized basis and a yield of 3.6%. The ex-dividend date was Monday, April 13th. Utz Brands’s dividend payout ratio (DPR) is -250.00%.

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.