First Eagle Investment Management LLC Buys 17,600 Shares of Utz Brands, Inc. (NYSE:UTZ)

First Eagle Investment Management LLC grew its holdings in shares of Utz Brands, Inc. (NYSE:UTZ) by 3.9% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 470,996 shares of the company’s stock after acquiring an additional 17,600 shares during the period. First Eagle Investment Management LLC owned 0.33% of Utz Brands worth $7,376,000 as of its most recent SEC filing.

Other large investors have also recently bought and sold shares of the company. Newton One Investments LLC acquired a new stake in Utz Brands during the 4th quarter worth about $26,000. Venturi Wealth Management LLC acquired a new stake in Utz Brands during the 4th quarter worth about $54,000. Moody National Bank Trust Division acquired a new stake in Utz Brands during the 4th quarter worth about $169,000. M&T Bank Corp grew its holdings in Utz Brands by 18.9% during the 4th quarter. M&T Bank Corp now owns 12,678 shares of the company’s stock worth $198,000 after acquiring an additional 2,011 shares during the period. Finally, Ballentine Partners LLC acquired a new stake in Utz Brands during the 4th quarter worth about $220,000. 95.97% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity

In other Utz Brands news, CEO Howard A. Friedman bought 3,525 shares of Utz Brands stock in a transaction dated Monday, February 24th. The stock was bought at an average cost of $14.16 per share, with a total value of $49,914.00. Following the completion of the acquisition, the chief executive officer now directly owns 265,729 shares in the company, valued at approximately $3,762,722.64. The trade was a 1.34 % increase in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, insider Cc Collier Holdings, Llc sold 496,038 shares of the company’s stock in a transaction that occurred on Thursday, March 6th. The shares were sold at an average price of $13.40, for a total value of $6,646,909.20. The disclosure for this sale can be found here. 17.00% of the stock is currently owned by corporate insiders.

Utz Brands Stock Performance

Shares of UTZ opened at $13.29 on Friday. The company has a debt-to-equity ratio of 0.56, a quick ratio of 0.85 and a current ratio of 1.21. The stock has a 50 day moving average price of $13.72 and a two-hundred day moving average price of $15.86. The firm has a market capitalization of $1.88 billion, a P/E ratio of 73.82, a P/E/G ratio of 0.86 and a beta of 1.05. Utz Brands, Inc. has a 52 week low of $12.71 and a 52 week high of $20.04.

Utz Brands (NYSE:UTZ) last issued its quarterly earnings data on Thursday, February 20th. The company reported $0.22 EPS for the quarter, topping analysts’ consensus estimates of $0.19 by $0.03. The firm had revenue of $341.05 million during the quarter, compared to analyst estimates of $349.93 million. Utz Brands had a return on equity of 7.92% and a net margin of 1.13%. During the same period in the previous year, the company posted $0.16 EPS. Equities analysts forecast that Utz Brands, Inc. will post 0.85 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

A number of analysts recently commented on the company. Royal Bank of Canada decreased their target price on Utz Brands from $23.00 to $20.00 and set an “outperform” rating for the company in a research report on Monday, February 24th. Mizuho decreased their target price 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. Piper Sandler decreased their target price on Utz Brands from $24.00 to $20.00 and set an “overweight” rating for the company in a research report on Thursday, January 16th. Barclays decreased their target price on Utz Brands from $19.00 to $17.00 and set an “overweight” rating for the company in a research report on Friday, January 17th. Finally, DA Davidson decreased their target price on Utz Brands from $18.00 to $16.00 and set a “neutral” rating for the company in a research report on Monday, February 24th. One equities research analyst has rated the stock with a hold rating and seven have assigned a buy rating to the company’s stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $19.25.

Utz Brands 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.