Utz Brands Inc (NYSE:UTZ) shares traded unchanged at $17.03 on Wall Street last session.
UTZ stock price is now -0.68% away from the 50-day moving average and -2.02% away from the 200-day moving average. The market capitalization of the company currently stands at $2.40B.
With the price target enhanced from $19 to $22, BofA Securities Upgraded its rating from Neutral to Buy for Utz Brands Inc (NYSE: UTZ). On March 01, 2024, DA Davidson recently initiated its ‘Neutral’ rating on the stock quoting a target price of $20, while ‘Needham’ rates the stock as ‘Buy’
In other news, CC Collier Holdings, LLC, sold 2,815,404 shares of the company’s stock on Nov 06 ’24. The stock was sold for $48,678,335 at an average price of $17.29. Upon completion of the transaction, the now directly owns 496,038 shares in the company, valued at $8.45 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Nov 06 ’24, Affiliate CC Collier Holdings, LLC bought 2,815,404 shares of the business’s stock. A total of $48,819,105 was incurred on buying the stock at an average price of $17.34. A total of 16.36% of the company’s stock is owned by insiders.
During the past 12 months, Utz Brands Inc has had a low of $12.97 and a high of $20.00. As of last week, the company has a debt-to-equity ratio of 1.26, a current ratio of 1.21, and a quick ratio of 0.85. The fifty day moving average price for UTZ is $17.178 and a two-hundred day moving average price translates $17.40605 for the stock.
The latest earnings results from Utz Brands Inc (NYSE: UTZ) was released for 2024-09-29. The net profit margin was -0.99% and return on equity was -2.01% for UTZ. The company reported revenue of $365.52 million for the quarter, compared to $371.85 million a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue fell -1.7 percent.
