Utz Brands, Inc. (NYSE:UTZ) Director Roger K. Deromedi Sells 66,027 Shares of Stock

Utz Brands, Inc. (NYSE:UTZ) Director Roger K. Deromedi sold 66,027 shares of the stock in a transaction dated Thursday, May 2nd. The shares were sold at an average price of $19.45, for a total value of $1,284,225.15. Following the completion of the transaction, the director now directly owns 2,315,693 shares in the company, valued at $45,040,228.85. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website.

Utz Brands Trading Up 0.1 %

Shares of UTZ opened at $19.26 on Tuesday. The firm’s fifty day moving average is $18.02 and its two-hundred day moving average is $16.28. The stock has a market cap of $2.71 billion, a PE ratio of -77.04, a price-to-earnings-growth ratio of 1.32 and a beta of 0.97. The company has a quick ratio of 0.95, a current ratio of 1.40 and a debt-to-equity ratio of 0.54. Utz Brands, Inc. has a 52-week low of $11.17 and a 52-week high of $20.04.

Utz Brands (NYSE:UTZ) last released its quarterly earnings data on Thursday, May 2nd. The company reported $0.14 EPS for the quarter, beating analysts’ consensus estimates of $0.13 by $0.01. The company had revenue of $346.50 million during the quarter, compared to the consensus estimate of $346.99 million. Utz Brands had a negative net margin of 1.38% and a positive return on equity of 6.16%. Utz Brands’s quarterly revenue was down 1.4% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.11 EPS. Research analysts forecast that Utz Brands, Inc. will post 0.72 earnings per share for the current fiscal year.

Utz Brands Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, May 2nd. Shareholders of record on Monday, April 15th were issued a $0.059 dividend. This is a boost from Utz Brands’s previous quarterly dividend of $0.06. This represents a $0.24 annualized dividend and a yield of 1.23%. The ex-dividend date was Friday, April 12th. Utz Brands’s dividend payout ratio is presently -96.00%.

Institutional Trading of Utz Brands

A number of hedge funds and other institutional investors have recently modified their holdings of the stock. SRS Capital Advisors Inc. grew its holdings in shares of Utz Brands by 120.2% in the fourth quarter. SRS Capital Advisors Inc. now owns 3,464 shares of the company’s stock valued at $56,000 after purchasing an additional 1,891 shares during the period. Delta Asset Management LLC TN raised its position in shares of Utz Brands by 100.0% during the 4th quarter. Delta Asset Management LLC TN now owns 5,000 shares of the company’s stock valued at $81,000 after buying an additional 2,500 shares during the period. International Assets Investment Management LLC lifted its holdings in Utz Brands by 1,428.8% in the fourth quarter. International Assets Investment Management LLC now owns 5,473 shares of the company’s stock valued at $89,000 after acquiring an additional 5,115 shares during the last quarter. Sherbrooke Park Advisers LLC acquired a new stake in Utz Brands during the third quarter worth $136,000. Finally, Parallel Advisors LLC raised its position in Utz Brands by 11.6% in the fourth quarter. Parallel Advisors LLC now owns 9,924 shares of the company’s stock valued at $161,000 after purchasing an additional 1,033 shares during the period. 95.97% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

UTZ has been the subject of a number of research reports. Royal Bank of Canada boosted their target price on shares of Utz Brands from $19.00 to $23.00 and gave the company an “outperform” rating in a research report on Friday. Piper Sandler upped their price objective on shares of Utz Brands from $18.00 to $21.00 and gave the stock an “overweight” rating in a research report on Friday, March 1st. Truist Financial increased their price target on Utz Brands from $13.00 to $17.00 and gave the stock a “hold” rating in a research report on Monday, March 4th. Mizuho boosted their price objective on Utz Brands from $22.00 to $24.00 and gave the company a “buy” rating in a research report on Friday. Finally, DA Davidson began coverage on shares of Utz Brands in a research note on Friday, March 1st. They issued a “neutral” rating and a $20.00 price target on the stock. Three investment analysts have rated the stock with a hold rating and nine have issued a buy rating to the company. According to MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $20.42.

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.