Insider Selling: Utz Brands, Inc. (NYSE:UTZ) EVP Sells $519,600.00 in Stock

Utz Brands, Inc. (NYSE:UTZ) EVP Cary Devore sold 30,000 shares of the stock in a transaction that occurred on Monday, November 4th. The stock was sold at an average price of $17.32, for a total value of $519,600.00. Following the sale, the executive vice president now directly owns 451,117 shares of the company’s stock, valued at $7,813,346.44. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website.

Utz Brands Trading Up 4.6 %

Shares of UTZ stock opened at $18.02 on Thursday. The stock has a market cap of $2.54 billion, a P/E ratio of -94.84, a P/E/G ratio of 1.19 and a beta of 1.01. The company has a quick ratio of 0.85, a current ratio of 1.21 and a debt-to-equity ratio of 0.56. Utz Brands, Inc. has a fifty-two week low of $11.67 and a fifty-two week high of $20.04. The business has a fifty day simple moving average of $17.32 and a 200-day simple moving average of $17.24.

Utz Brands (NYSE:UTZ) last posted its earnings results on Thursday, October 31st. The company reported $0.21 earnings per share for the quarter, beating the consensus estimate of $0.20 by $0.01. Utz Brands had a negative net margin of 0.99% and a positive return on equity of 7.25%. The firm had revenue of $365.50 million during the quarter, compared to the consensus estimate of $363.98 million. During the same period last year, the firm posted $0.17 EPS. The firm’s revenue for the quarter was down 1.7% on a year-over-year basis. On average, analysts forecast that Utz Brands, Inc. will post 0.74 earnings per share for the current fiscal year.

Utz Brands Dividend Announcement

The business also recently announced a None dividend, which was paid on Thursday, October 3rd. Investors of record on Monday, September 16th were paid a $0.011 dividend. This represents a yield of 1.3%. The ex-dividend date was Monday, September 16th. Utz Brands’s payout ratio is currently -121.05%.

Wall Street Analysts Forecast Growth

Several research analysts recently issued reports on UTZ shares. Mizuho cut their price target on shares of Utz Brands from $24.00 to $21.00 and set an “outperform” rating for the company in a report on Monday. Piper Sandler raised their price target on Utz Brands from $22.00 to $24.00 and gave the company an “overweight” rating in a report on Friday, November 1st. Needham & Company LLC reaffirmed a “buy” rating and set a $22.00 price objective on shares of Utz Brands in a report on Friday, August 2nd. Finally, Barclays decreased their target price on shares of Utz Brands from $23.00 to $19.00 and set an “overweight” rating on the stock in a research report on Friday, July 19th. Three research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company. Based on data from MarketBeat, Utz Brands has an average rating of “Moderate Buy” and an average price target of $20.80.

Institutional Investors Weigh In On Utz Brands

A number of large investors have recently bought and sold shares of the stock. Orion Portfolio Solutions LLC lifted its position in shares of Utz Brands by 64.5% in the first quarter. Orion Portfolio Solutions LLC now owns 96,992 shares of the company’s stock valued at $1,789,000 after acquiring an additional 38,047 shares in the last quarter. Price T Rowe Associates Inc. MD lifted its holdings in Utz Brands by 4.6% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 57,879 shares of the company’s stock valued at $1,068,000 after purchasing an additional 2,540 shares in the last quarter. Principal Financial Group Inc. acquired a new stake in shares of Utz Brands during the 2nd quarter worth about $914,000. Kimelman & Baird LLC purchased a new stake in shares of Utz Brands during the second quarter worth about $907,000. Finally, Bahl & Gaynor Inc. raised its position in shares of Utz Brands by 45.1% in the second quarter. Bahl & Gaynor Inc. now owns 239,961 shares of the company’s stock valued at $3,993,000 after buying an additional 74,633 shares during the last quarter. Institutional investors and hedge funds own 95.97% of the company’s stock.

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.