Utz Brands, Inc. (NYSE:UTZ) Given Consensus Rating of “Hold” by Analysts

Utz Brands, Inc. (NYSE:UTZ) has earned a consensus rating of “Hold” from the eight research firms that are covering the firm, MarketBeat reports. One analyst has rated the stock with a sell rating, three have issued a hold rating and four have issued a buy rating on the company. The average 12 month price objective among analysts that have covered the stock in the last year is $12.0556.

A number of research analysts have weighed in on UTZ shares. Zacks Research upgraded Utz Brands from a “strong sell” rating to a “hold” rating in a report on Monday, April 20th. TD Cowen reduced their price objective on Utz Brands from $11.00 to $9.00 and set a “hold” rating for the company in a research report on Monday, April 20th. BTIG Research started coverage on Utz Brands in a research report on Monday, April 13th. They set a “buy” rating and a $10.00 price objective for the company. Barclays reduced their price objective on Utz Brands from $12.00 to $10.00 and set an “overweight” rating for the company in a research report on Tuesday, April 14th. Finally, Royal Bank Of Canada set a $15.00 price objective on Utz Brands in a research report on Thursday, April 9th.

Institutional Trading of Utz Brands

Institutional investors have recently added to or reduced their stakes in the business. NewEdge Advisors LLC purchased a new stake in Utz Brands during the 2nd quarter valued at $25,000. Aster Capital Management DIFC Ltd boosted its stake in Utz Brands by 194.8% during the 3rd quarter. Aster Capital Management DIFC Ltd now owns 2,618 shares of the company’s stock valued at $32,000 after purchasing an additional 1,730 shares during the last quarter. Global Retirement Partners LLC boosted its stake in Utz Brands by 431.5% during the 4th quarter. Global Retirement Partners LLC now owns 3,343 shares of the company’s stock valued at $35,000 after purchasing an additional 2,714 shares during the last quarter. Osaic Holdings Inc. boosted its stake in Utz Brands by 76.1% during the 2nd quarter. Osaic Holdings Inc. now owns 3,756 shares of the company’s stock valued at $47,000 after purchasing an additional 1,623 shares during the last quarter. Finally, Farther Finance Advisors LLC boosted its stake in Utz Brands by 118.5% during the 4th quarter. Farther Finance Advisors LLC now owns 4,356 shares of the company’s stock valued at $45,000 after purchasing an additional 2,362 shares during the last quarter. 95.97% of the stock is currently owned by hedge funds and other institutional investors.

Utz Brands Trading Up 6.7%

UTZ opened at $7.71 on Friday. The business has a 50 day simple moving average of $7.39 and a two-hundred day simple moving average of $8.64. The firm has a market capitalization of $1.11 billion, a price-to-earnings ratio of -77.05, a PEG ratio of 2.81 and a beta of 0.83. 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 has a one year low of $6.78 and a one year high of $14.67.

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

Utz Brands Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Thursday, July 2nd. Shareholders of record on Monday, June 22nd will be paid a dividend of $0.063 per share. This represents a $0.25 annualized dividend and a yield of 3.3%. The ex-dividend date is Monday, June 22nd. Utz Brands’s dividend payout ratio (DPR) is currently -250.00%.

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.