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

Utz Brands, Inc. (NYSE:UTZ) EVP Theresa Robbins Shea purchased 1,395 shares of the firm’s stock in a transaction on Tuesday, February 25th. The stock was bought at an average cost of $14.31 per share, with a total value of $19,962.45. Following the acquisition, the executive vice president now owns 51,271 shares of the company’s stock, valued at approximately $733,688.01. The trade was a 2.80 % increase in their position. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website.

Utz Brands Trading Up 2.0 %

NYSE UTZ opened at $14.19 on Wednesday. The stock has a market cap of $2.00 billion, a P/E ratio of 78.81, a PEG ratio of 0.86 and a beta of 1.02. The company’s fifty day simple moving average is $14.22 and its 200-day simple moving average is $16.15. The company has a current ratio of 1.21, a quick ratio of 0.85 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.

Utz Brands (NYSE:UTZ) last announced its earnings results on Thursday, February 20th. The company reported $0.22 earnings per share (EPS) for the quarter, beating 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 during the quarter, compared to analyst estimates of $349.93 million. During the same quarter in the prior year, the firm posted $0.16 EPS. Equities research analysts predict that Utz Brands, Inc. will post 0.85 EPS for the current fiscal year.

Utz Brands Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, January 2nd. Stockholders of record on Monday, December 16th were issued a dividend of $0.061 per share. This is a positive change from Utz Brands’s previous quarterly dividend of $0.06. The ex-dividend date of this dividend was Monday, December 16th. This represents a $0.24 dividend on an annualized basis and a dividend yield of 1.72%. Utz Brands’s dividend payout ratio is currently 133.33%.

Institutional Trading of Utz Brands

A number of hedge funds have recently modified their holdings of UTZ. State Street Corp increased its stake in shares of Utz Brands by 9.5% in the 3rd quarter. State Street Corp now owns 1,758,961 shares of the company’s stock valued at $31,256,000 after buying an additional 152,868 shares during the period. Vestcor Inc lifted its position in shares of Utz Brands by 11.4% in the third quarter. Vestcor Inc now owns 296,100 shares of the company’s stock valued at $5,241,000 after buying an additional 30,400 shares during the last quarter. Geode Capital Management LLC increased its stake in shares of Utz Brands by 3.2% during the third quarter. Geode Capital Management LLC now owns 1,548,231 shares of the company’s stock worth $27,409,000 after purchasing an additional 47,320 shares during the period. Barclays PLC increased its stake in shares of Utz Brands by 21.4% during the third quarter. Barclays PLC now owns 555,477 shares of the company’s stock worth $9,831,000 after purchasing an additional 97,767 shares during the period. Finally, Charles Schwab Investment Management Inc. boosted its holdings in shares of Utz Brands by 5.2% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 571,161 shares of the company’s stock valued at $10,110,000 after purchasing an additional 28,484 shares in the last quarter. Institutional investors own 95.97% of the company’s stock.

Analyst Ratings Changes

UTZ has been the subject of a number of recent analyst 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 report on Thursday, January 16th. TD Cowen dropped 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 note on Wednesday, January 8th. DA Davidson dropped their price target on shares of Utz Brands from $18.00 to $16.00 and set a “neutral” rating for the company in a research note on Monday. Barclays dropped their price target on shares of Utz Brands from $19.00 to $17.00 and set an “overweight” rating for the company in a research note on Friday, January 17th. Finally, Mizuho decreased their price objective on shares of Utz Brands from $21.00 to $19.00 and set an “outperform” rating on the stock in a 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 company. Based on data from MarketBeat, the stock 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.