Dynamic Technology Lab Private Ltd Sells 43,692 Shares of Utz Brands, Inc. (NYSE:UTZ)

Dynamic Technology Lab Private Ltd lowered its position in shares of Utz Brands, Inc. (NYSE:UTZ) by 73.3% during the third quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 15,877 shares of the company’s stock after selling 43,692 shares during the period. Dynamic Technology Lab Private Ltd’s holdings in Utz Brands were worth $281,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also bought and sold shares of the company. Comerica Bank grew its holdings in shares of Utz Brands by 5.4% during the first quarter. Comerica Bank now owns 16,491 shares of the company’s stock worth $304,000 after purchasing an additional 848 shares during the last quarter. Envestnet Portfolio Solutions Inc. increased its position in Utz Brands by 11.6% in the 2nd quarter. Envestnet Portfolio Solutions Inc. now owns 11,838 shares of the company’s stock valued at $197,000 after acquiring an additional 1,228 shares during the period. Diversified Trust Co raised its stake in shares of Utz Brands by 4.5% during the second quarter. Diversified Trust Co now owns 44,870 shares of the company’s stock valued at $747,000 after acquiring an additional 1,925 shares during the last quarter. Price T Rowe Associates Inc. MD lifted its holdings in shares of Utz Brands by 4.6% during the first quarter. Price T Rowe Associates Inc. MD now owns 57,879 shares of the company’s stock worth $1,068,000 after purchasing an additional 2,540 shares during the period. Finally, Fifth Third Bancorp bought a new stake in shares of Utz Brands in the second quarter worth $44,000. Institutional investors and hedge funds own 95.97% of the company’s stock.

Utz Brands Stock Performance

UTZ stock opened at $17.41 on Monday. The firm has a market cap of $2.45 billion, a PE ratio of -91.63, a price-to-earnings-growth ratio of 1.20 and a beta of 1.01. The company has a current ratio of 1.21, a quick ratio of 0.85 and a debt-to-equity ratio of 0.56. The stock has a 50-day moving average price of $17.12 and a 200-day moving average price of $17.04. Utz Brands, Inc. has a 1-year low of $13.05 and a 1-year high of $20.04.

Utz Brands (NYSE:UTZ) last issued its earnings results on Thursday, October 31st. The company reported $0.21 earnings per share for the quarter, topping analysts’ consensus estimates of $0.20 by $0.01. The business had revenue of $365.50 million during the quarter, compared to the consensus estimate of $363.98 million. Utz Brands had a positive return on equity of 7.25% and a negative net margin of 0.99%. The firm’s revenue for the quarter was down 1.7% on a year-over-year basis. During the same period in the previous year, the company posted $0.17 earnings per share. As a group, equities research analysts expect that Utz Brands, Inc. will post 0.73 earnings per share for the current year.

Utz Brands Dividend Announcement

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

Wall Street Analyst Weigh In

Several research analysts recently issued reports on UTZ shares. Mizuho lowered their target price on Utz Brands from $24.00 to $21.00 and set an “outperform” rating for the company in a research report on Monday, November 4th. Piper Sandler raised their price objective on Utz Brands from $22.00 to $24.00 and gave the stock an “overweight” rating in a research report on Friday, November 1st. Two research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company’s stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $21.22.

Insiders Place Their Bets

In related news, EVP Cary Devore sold 30,000 shares of Utz Brands stock in a transaction on Monday, November 4th. The shares were sold at an average price of $17.32, for a total value of $519,600.00. Following the completion of the sale, the executive vice president now owns 451,117 shares of the company’s stock, valued at approximately $7,813,346.44. This trade represents a 6.24 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, insider Cc Collier Holdings, Llc sold 2,815,404 shares of the company’s stock in a transaction on Wednesday, November 6th. The stock was sold at an average price of $17.29, for a total transaction of $48,678,335.16. Following the transaction, the insider now owns 496,038 shares in the company, valued at approximately $8,576,497.02. The trade was a 85.02 % decrease in their position. The disclosure for this sale can be found here. Corporate insiders own 17.00% 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.