The stock of Utz Brands Inc. (NYSE:UTZ) last traded at $16.09, up 0.81% from the previous session.
Data from the available sources indicates that Utz Brands Inc. (NYSE:UTZ) is covered by 9 analysts. The consensus rating among analysts is ‘Hold’. As we calculate the median target price by taking the range between a high of $21.00 and a low of $18.00, we find $19.00. Given the previous closing price of $15.96, this indicates a potential upside of 19.05 percent. UTZ stock price is now -6.35% away from the 50-day moving average and 2.97% away from the 200-day moving average. The market capitalization of the company currently stands at $2.24B.
In total, 7 analysts have assigned it a hold rating, and 1 have given it a buy rating. Brokers who have rated the stock have averaged $19.13 as their price target over the next twelve months.
With the price target enhanced from $16 to $21, Goldman Downgraded its rating from Buy to Neutral for Utz Brands Inc. (NYSE: UTZ). On June 17, 2022, Goldman Upgraded its previous ‘Neutral’ rating to ‘Buy’ on the stock keeping its target price maintained at $16, while ‘Credit Suisse’ rates the stock as ‘Neutral’.
In other news, Lissette Dylan, Chief Executive Officer sold 76,815 shares of the company’s stock on Dec 07. The stock was sold for $1,410,969 at an average price of $18.37. Upon completion of the transaction, the Chief Executive Officer now directly owns 0 shares in the company, valued at $0.0. An SEC document containing details of the transaction can be found on the SEC’s website. On Dec 06, Chief Executive Officer Lissette Dylan sold 21,214 shares of the business’s stock. A total of $391,339 was realized by selling the stock at an average price of $18.45. This leaves the insider owning 76,815 shares of the company worth $1.24 million. Insiders disposed of 233,360 shares of company stock worth roughly $3.75 million over the past 1 year. A total of 0.60% of the company’s stock is owned by insiders.
There have been several recent changes in the stakes of large investors in UTZ stock. A new stake in Utz Brands Inc. shares was purchased by T. ROWE PRICE INVESTMENT MANAGEMENT, INC. during the first quarter worth $108,391,000. SCOPUS ASSET MANAGEMENT, L.P. invested $16,091,000 in shares of UTZ during the first quarter. In the first quarter, DRIEHAUS CAPITAL MANAGEMENT LLC acquired a new stake in Utz Brands Inc. valued at approximately $12,184,000. EMERALD MUTUAL FUND ADVISERS TRUST acquired a new stake in UTZ for approximately $4,940,000. PATHSTONE FAMILY OFFICE, LLC purchased a new stake in UTZ valued at around $4,773,000 in the second quarter. In total, there are 229 active investors with 83.20% ownership of the company’s stock.
With an opening price of $16.09 on Friday morning, Utz Brands Inc. (NYSE: UTZ) set off the trading day. During the past 12 months, Utz Brands Inc. has had a low of $12.06 and a high of $19.98. As of last week, the company has a debt-to-equity ratio of 1.32, a current ratio of 1.70, and a quick ratio of 1.20. The fifty day moving average price for UTZ is $17.18 and a two-hundred day moving average price translates $15.63 for the stock.
The latest earnings results from Utz Brands Inc. (NYSE: UTZ) was released for Jul, 2022. According to the Packaged Foods Company, earnings per share came in at $0.13, beating analysts’ expectations of $0.11 by 0.02. This compares to $0.39 EPS in the same period last year. The net profit margin was -1.70% and return on equity was -3.30% for UTZ. The company reported revenue of $362.82 million for the quarter, compared to $312.68 million a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 16.03 percent. For the current quarter, analysts expect UTZ to generate $340.6M in revenue.
Moreover, the firm recently paid out its quarterly dividend on 01/05/2023. Investors who held shares on 12/19/2022 were paid a $0.057 dividend. On an annualized basis, this represents a $0.23 dividend and a 1.42% percent yield. There was an ex-dividend date of 12/16/2022 for this dividend.
Utz Brands Inc.(UTZ) Company Profile
Utz Brands, Inc. operates as a snack food manufacturing company. It offers a range of salty snacks, including potato chips, kettle chips, tortilla chips, pretzels, cheese snacks, veggie snacks, pork skins, pub/party mixes, salsa and queso, ready-to-eat popcorn, and other snacks under the Utz, Zapp’s, ON THE BORDER, Golden Flake, Good Health, Boulder Canyon, Hawaiian, TGIF, TORTIYAHS!, and other brand names. The company distributes its products to grocery, mass, club, convenience, drug, and other retailers though direct shipments, distributors, and direct store delivery routes. Utz Brands, Inc. was founded in 1921 and is headquartered in Hanover, Pennsylvania.