Utz Brands, Inc. (NYSE:UTZ) EVP Mark Schreiber Sells 20,103 Shares

Utz Brands, Inc. (NYSE:UTZ) EVP Mark Schreiber sold 20,103 shares of the company’s stock in a transaction dated Monday, May 6th. The shares were sold at an average price of $19.47, for a total transaction of $391,405.41. Following the completion of the sale, the executive vice president now owns 108,126 shares in the company, valued at approximately $2,105,213.22. The sale was disclosed in a filing with the SEC, which is accessible through this link.

Utz Brands Stock Down 1.5 %

NYSE UTZ opened at $18.98 on Wednesday. Utz Brands, Inc. has a 12 month low of $11.17 and a 12 month high of $20.04. The company has a market capitalization of $2.67 billion, a P/E ratio of -75.92, a PEG ratio of 1.32 and a beta of 0.97. The company’s 50 day simple moving average is $18.02 and its 200 day simple moving average is $16.28. The company has a debt-to-equity ratio of 0.54, a current ratio of 1.40 and a quick ratio of 0.95.

Utz Brands (NYSE:UTZ) last posted its quarterly earnings results on Thursday, May 2nd. The company reported $0.14 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.13 by $0.01. The company had revenue of $346.50 million for the quarter, compared to analysts’ expectations of $346.99 million. Utz Brands had a positive return on equity of 6.16% and a negative net margin of 1.38%. The firm’s revenue was down 1.4% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.11 earnings per share. Equities research analysts expect 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. Stockholders of record on Monday, April 15th were issued a dividend of $0.059 per share. This represents a $0.24 annualized dividend and a dividend yield of 1.24%. This is an increase from Utz Brands’s previous quarterly dividend of $0.06. The ex-dividend date of this dividend was Friday, April 12th. Utz Brands’s dividend payout ratio is currently -96.00%.

Analyst Ratings Changes

A number of equities research analysts recently weighed in on the stock. Royal Bank of Canada boosted their price objective on shares of Utz Brands from $19.00 to $23.00 and gave the company an “outperform” rating in a research report on Friday, May 3rd. Stephens boosted their price target on shares of Utz Brands from $21.00 to $23.00 and gave the company an “overweight” rating in a report on Friday, May 3rd. Bank of America raised shares of Utz Brands from a “neutral” rating to a “buy” rating and increased their price objective for the stock from $19.00 to $22.00 in a report on Thursday, March 14th. Needham & Company LLC raised their target price on Utz Brands from $20.50 to $22.00 and gave the company a “buy” rating in a research report on Friday, May 3rd. Finally, Mizuho boosted their price target on Utz Brands from $22.00 to $24.00 and gave the stock a “buy” rating in a research report on Friday, May 3rd. Three research analysts have rated the stock with a hold rating and nine have given a buy rating to the company. According to data from MarketBeat.com, Utz Brands currently has an average rating of “Moderate Buy” and an average price target of $20.42.

Hedge Funds Weigh In On Utz Brands

Institutional investors have recently bought and sold shares of the stock. Cambridge Investment Research Advisors Inc. purchased a new position in shares of Utz Brands in the third quarter worth approximately $268,000. Raymond James & Associates grew its position in Utz Brands by 27.4% during the 3rd quarter. Raymond James & Associates now owns 17,835 shares of the company’s stock worth $240,000 after purchasing an additional 3,833 shares in the last quarter. Raymond James Financial Services Advisors Inc. raised its stake in Utz Brands by 3.9% during the 3rd quarter. Raymond James Financial Services Advisors Inc. now owns 51,183 shares of the company’s stock valued at $687,000 after purchasing an additional 1,918 shares during the period. Bank of New York Mellon Corp lifted its holdings in shares of Utz Brands by 0.9% in the third quarter. Bank of New York Mellon Corp now owns 389,397 shares of the company’s stock valued at $5,230,000 after purchasing an additional 3,315 shares in the last quarter. Finally, Verdence Capital Advisors LLC lifted its holdings in shares of Utz Brands by 92.2% in the third quarter. Verdence Capital Advisors LLC now owns 21,420 shares of the company’s stock valued at $288,000 after purchasing an additional 10,278 shares in the last quarter. Hedge funds and other institutional investors own 95.97% of the company’s stock.

About Utz Brands

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.