Mizuho Cuts Utz Brands (NYSE:UTZ) Price Target to $19.00

Utz Brands (NYSE:UTZ) had its price target trimmed by Mizuho from $21.00 to $19.00 in a research note released on Monday morning,Benzinga reports. The firm currently has an outperform rating on the stock.

UTZ has been the subject of a number of other research reports. Piper Sandler cut their price objective on shares of 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 cut their price objective on shares of 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, TD Cowen cut their price objective on shares of Utz Brands from $21.00 to $17.00 and set a “buy” rating for the company in a research report on Wednesday, January 8th. Two research analysts have rated the stock with a hold rating and eight have issued a buy rating to the stock. According to MarketBeat, Utz Brands has an average rating of “Moderate Buy” and an average target price of $20.00.

Utz Brands Stock Down 0.4 %

UTZ stock opened at $13.70 on Monday. The company has a 50-day moving average of $14.93 and a two-hundred day moving average of $16.31. The stock has a market capitalization of $1.93 billion, a price-to-earnings ratio of -72.11, a price-to-earnings-growth ratio of 0.87 and a beta of 1.01. The company has a debt-to-equity ratio of 0.56, a current ratio of 1.21 and a quick ratio of 0.85. Utz Brands has a 52-week low of $12.71 and a 52-week high of $20.04.

Utz Brands Increases Dividend

The business also recently declared 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 represents a $0.24 dividend on an annualized basis and a yield of 1.78%. This is a positive change from Utz Brands’s previous quarterly dividend of $0.06. Utz Brands’s dividend payout ratio is -126.32%.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently made changes to their positions in the business. Newton One Investments LLC bought a new stake in shares of Utz Brands during the 4th quarter worth approximately $26,000. Venturi Wealth Management LLC bought a new stake in shares of Utz Brands during the 4th quarter worth approximately $54,000. nVerses Capital LLC bought a new stake in shares of Utz Brands during the 3rd quarter worth approximately $142,000. Moody National Bank Trust Division bought a new stake in shares of Utz Brands during the 4th quarter worth approximately $169,000. Finally, M&T Bank Corp lifted its holdings in shares of 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. 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.