Utz Brands, Inc. (NYSE:UTZ) EVP Theresa Robbins Shea Purchases 1,395 Shares

Utz Brands, Inc. (NYSE:UTZ) EVP Theresa Robbins Shea bought 1,395 shares of the business’s stock in a transaction on Tuesday, February 25th. The stock was bought at an average price of $14.31 per share, with a total value of $19,962.45. Following the transaction, the executive vice president now owns 51,271 shares in the company, valued at approximately $733,688.01. This represents a 2.80 % increase in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link.

Utz Brands Stock Performance

UTZ stock opened at $14.19 on Wednesday. The business has a 50 day moving average of $14.22 and a 200-day moving average of $16.15. Utz Brands, Inc. has a 12-month low of $12.71 and a 12-month high of $20.04. The firm has a market cap of $2.00 billion, a PE ratio of 78.81, a P/E/G ratio of 0.86 and a beta of 1.02. 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 (NYSE:UTZ) last issued its quarterly earnings data on Thursday, February 20th. The company reported $0.22 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.19 by $0.03. Utz Brands had a return on equity of 7.92% and a net margin of 1.13%. The company had revenue of $341.05 million for the quarter, compared to the consensus estimate of $349.93 million. During the same quarter last year, the business posted $0.16 earnings per share. As a group, sell-side analysts expect that Utz Brands, Inc. will post 0.85 earnings per share for the current year.

Utz Brands Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, January 2nd. Investors of record on Monday, December 16th were paid a $0.061 dividend. The ex-dividend date was Monday, December 16th. This is a boost from Utz Brands’s previous quarterly dividend of $0.06. This represents a $0.24 annualized dividend and a dividend yield of 1.72%. Utz Brands’s dividend payout ratio (DPR) is presently 133.33%.

Institutional Trading of Utz Brands

Several large investors have recently bought and sold shares of UTZ. JPMorgan Chase & Co. lifted its holdings in shares of Utz Brands by 14.9% during the fourth quarter. JPMorgan Chase & Co. now owns 7,923,292 shares of the company’s stock valued at $124,079,000 after purchasing an additional 1,025,656 shares during the last quarter. Champlain Investment Partners LLC boosted its holdings in shares of Utz Brands by 13.5% during the 4th quarter. Champlain Investment Partners LLC now owns 5,208,402 shares of the company’s stock valued at $81,564,000 after purchasing an additional 620,196 shares during the last quarter. Ameriprise Financial Inc. raised its position in shares of Utz Brands by 20.5% during the 4th quarter. Ameriprise Financial Inc. now owns 4,110,873 shares of the company’s stock valued at $64,376,000 after buying an additional 698,589 shares in the last quarter. Copeland Capital Management LLC raised its position in Utz Brands by 1.9% in the 4th quarter. Copeland Capital Management LLC now owns 3,117,478 shares of the company’s stock worth $48,820,000 after purchasing an additional 59,429 shares during the period. Finally, State Street Corp raised its position in Utz Brands by 9.5% in the 3rd quarter. State Street Corp now owns 1,758,961 shares of the company’s stock worth $31,256,000 after purchasing an additional 152,868 shares during the period. 95.97% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

UTZ has been the topic of a number of recent analyst reports. DA Davidson cut their price objective on Utz Brands from $18.00 to $16.00 and set a “neutral” rating on the stock in a research note on Monday. Royal Bank of Canada cut their price target on Utz Brands from $23.00 to $20.00 and set an “outperform” rating on the stock in a research note on Monday. TD Cowen dropped their price objective on Utz Brands from $21.00 to $17.00 and set a “buy” rating for the company in a report on Wednesday, January 8th. Piper Sandler lowered their price target on Utz Brands from $24.00 to $20.00 and set an “overweight” rating for the company in a report on Thursday, January 16th. Finally, Mizuho reduced their price objective on Utz Brands from $21.00 to $19.00 and set an “outperform” rating for the company in a research report on Monday, February 10th. Two investment analysts have rated the stock with a hold rating and eight have assigned a buy rating to the stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $19.30.

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.