Cc Collier Holdings, Llc Sells 496,038 Shares of Utz Brands, Inc. (NYSE:UTZ) Stock

Utz Brands, Inc. (NYSE:UTZ) insider Cc Collier Holdings, Llc sold 496,038 shares of the firm’s stock in a transaction dated Thursday, March 6th. The stock was sold at an average price of $13.40, for a total transaction of $6,646,909.20. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink.

Utz Brands Stock Up 1.8 %

Shares of Utz Brands stock opened at $14.03 on Friday. The firm’s 50 day moving average price is $13.90 and its 200-day moving average price is $15.99. 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 52-week low of $12.71 and a 52-week high of $20.04. The company has a market cap of $1.98 billion, a P/E ratio of 77.92, a PEG ratio of 0.86 and a beta of 1.05.

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 net margin of 1.13% and a return on equity of 7.92%. The firm had revenue of $341.05 million for the quarter, compared to the consensus estimate of $349.93 million. During the same quarter in the previous year, the firm earned $0.16 EPS. On average, sell-side analysts predict that Utz Brands, Inc. will post 0.85 EPS for the current fiscal year.

Institutional Trading of Utz Brands

A number of institutional investors have recently bought and sold shares of the stock. JPMorgan Chase & Co. lifted its stake in Utz Brands by 14.9% during the 4th quarter. JPMorgan Chase & Co. now owns 7,923,292 shares of the company’s stock valued at $124,079,000 after acquiring an additional 1,025,656 shares during the period. Ameriprise Financial Inc. lifted its stake in 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 acquiring an additional 698,589 shares during the period. Champlain Investment Partners LLC lifted its stake in 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 acquiring an additional 620,196 shares during the period. Alyeska Investment Group L.P. lifted its stake in Utz Brands by 157.9% during the 4th quarter. Alyeska Investment Group L.P. now owns 612,441 shares of the company’s stock valued at $9,591,000 after acquiring an additional 375,000 shares during the period. Finally, Victory Capital Management Inc. lifted its stake in Utz Brands by 19.0% during the 3rd quarter. Victory Capital Management Inc. now owns 1,474,047 shares of the company’s stock valued at $26,091,000 after acquiring an additional 235,622 shares during the period. 95.97% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of equities research analysts recently weighed in on the stock. Mizuho decreased their price objective on shares of Utz Brands from $21.00 to $19.00 and set an “outperform” rating for the company in a report on Monday, February 10th. Barclays decreased their price objective on shares of Utz Brands from $19.00 to $17.00 and set an “overweight” rating for the company in a report on Friday, January 17th. Royal Bank of Canada decreased their price objective on shares of Utz Brands from $23.00 to $20.00 and set an “outperform” rating for the company in a report on Monday, February 24th. TD Cowen decreased their price objective on shares of Utz Brands from $21.00 to $17.00 and set a “buy” rating for the company in a report on Wednesday, January 8th. Finally, Piper Sandler decreased their price objective on shares of Utz Brands from $24.00 to $20.00 and set an “overweight” rating for the company in a report on Thursday, January 16th. One equities research analyst has rated the stock with a hold rating and eight have given a buy rating to the company. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $19.56.

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.