Utz Brands, Inc. (NYSE:UTZ) Insider Cc Collier Holdings, Llc Sells 2,815,404 Shares

Utz Brands, Inc. (NYSE:UTZ) insider Cc Collier Holdings, Llc sold 2,815,404 shares of the firm’s stock in a transaction that occurred on Wednesday, November 6th. The shares were sold at an average price of $17.29, for a total value of $48,678,335.16. Following the completion of the sale, the insider now directly owns 496,038 shares of the company’s stock, valued at $8,576,497.02. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at the SEC website.

Utz Brands Price Performance

Shares of UTZ opened at $18.02 on Thursday. The stock has a market capitalization of $2.54 billion, a PE ratio of -94.84, a PEG ratio of 1.19 and a beta of 1.01. The company has a debt-to-equity ratio of 0.56, a quick ratio of 0.85 and a current ratio of 1.21. Utz Brands, Inc. has a fifty-two week low of $11.67 and a fifty-two week high of $20.04. The company has a 50 day moving average price of $17.32 and a 200-day moving average price of $17.24.

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

Utz Brands Dividend Announcement

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

Analyst Ratings Changes

A number of equities research analysts recently commented on UTZ shares. Mizuho lowered their price target on Utz Brands from $24.00 to $21.00 and set an “outperform” rating for the company in a research report on Monday. Barclays reduced their price target on shares of Utz Brands from $23.00 to $19.00 and set an “overweight” rating for the company in a research report on Friday, July 19th. Piper Sandler boosted their target price on Utz Brands from $22.00 to $24.00 and gave the company an “overweight” rating in a research note on Friday, November 1st. Finally, Needham & Company LLC restated a “buy” rating and set a $22.00 target price on shares of Utz Brands in a research report on Friday, August 2nd. Three equities research analysts have rated the stock with a hold rating and seven have given a buy rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $20.80.

Institutional Investors Weigh In On Utz Brands

Several large investors have recently bought and sold shares of the company. Victory Capital Management Inc. increased its stake in shares of Utz Brands by 19.0% in the 3rd quarter. Victory Capital Management Inc. now owns 1,474,047 shares of the company’s stock worth $26,091,000 after acquiring an additional 235,622 shares during the last quarter. Jennison Associates LLC lifted its position in Utz Brands by 15.2% in the first quarter. Jennison Associates LLC now owns 1,331,581 shares of the company’s stock valued at $24,554,000 after buying an additional 175,956 shares during the last quarter. Clearbridge Investments LLC boosted its position in shares of Utz Brands by 2.2% during the 1st quarter. Clearbridge Investments LLC now owns 874,124 shares of the company’s stock worth $16,119,000 after purchasing an additional 18,786 shares during the period. Envestnet Asset Management Inc. grew its stake in shares of Utz Brands by 2.1% in the second quarter. Envestnet Asset Management Inc. now owns 696,019 shares of the company’s stock valued at $11,582,000 after buying an additional 14,647 shares in the last quarter. Finally, Bank of New York Mellon Corp increased its stake in Utz Brands by 2.6% during the second quarter. Bank of New York Mellon Corp now owns 446,918 shares of the company’s stock worth $7,437,000 after purchasing an additional 11,492 shares during the period. 95.97% of the stock is currently owned by hedge funds and other institutional investors.

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.