Utz Brands, Inc. (NYSE:UTZ) Receives $14.00 Consensus Price Target from Brokerages

Utz Brands, Inc. (NYSE:UTZ) has received an average rating of “Hold” from the eight analysts that are currently covering the company, Marketbeat.com reports. Two investment analysts have rated the stock with a sell recommendation, two have issued a hold recommendation and four have assigned a buy recommendation to the company. The average 1-year target price among brokers that have updated their coverage on the stock in the last year is $12.8571.

Several research firms recently commented on UTZ. Barclays decreased their price target on shares of Utz Brands from $13.00 to $12.00 and set an “overweight” rating for the company in a report on Friday, February 13th. Weiss Ratings reissued a “sell (d)” rating on shares of Utz Brands in a research note on Monday, December 29th. Piper Sandler dropped their price target on shares of Utz Brands from $15.00 to $13.00 and set an “overweight” rating on the stock in a research note on Tuesday, January 13th. Mizuho set a $14.00 price objective on Utz Brands in a report on Monday. Finally, UBS Group set a $10.00 price objective on Utz Brands in a research report on Friday, February 13th.

Hedge Funds Weigh In On Utz Brands

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the business. NewEdge Advisors LLC bought a new stake in Utz Brands in the second quarter worth approximately $25,000. Aster Capital Management DIFC Ltd lifted its stake in shares of Utz Brands by 194.8% in the 3rd quarter. Aster Capital Management DIFC Ltd now owns 2,618 shares of the company’s stock valued at $32,000 after purchasing an additional 1,730 shares during the last quarter. Global Retirement Partners LLC lifted its stake in shares of Utz Brands by 431.5% in the 4th quarter. Global Retirement Partners LLC now owns 3,343 shares of the company’s stock valued at $35,000 after purchasing an additional 2,714 shares during the last quarter. Osaic Holdings Inc. boosted its holdings in Utz Brands by 76.1% in the second quarter. Osaic Holdings Inc. now owns 3,756 shares of the company’s stock worth $47,000 after purchasing an additional 1,623 shares in the last quarter. Finally, Farther Finance Advisors LLC increased its position in Utz Brands by 118.5% during the fourth quarter. Farther Finance Advisors LLC now owns 4,356 shares of the company’s stock worth $45,000 after buying an additional 2,362 shares during the last quarter. Institutional investors own 95.97% of the company’s stock.

Utz Brands Stock Performance

Shares of Utz Brands stock opened at $9.44 on Monday. Utz Brands has a 12 month low of $8.72 and a 12 month high of $14.67. The company has a quick ratio of 0.82, a current ratio of 1.19 and a debt-to-equity ratio of 0.62. The stock has a market cap of $1.36 billion, a PE ratio of 944.44, a price-to-earnings-growth ratio of 3.53 and a beta of 0.92. The business has a fifty day simple moving average of $10.18 and a 200-day simple moving average of $11.15.

Utz Brands (NYSE:UTZ) last announced its quarterly earnings data on Thursday, February 12th. The company reported $0.26 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.26. Utz Brands had a return on equity of 8.57% and a net margin of 0.06%.The firm had revenue of $342.20 million during the quarter, compared to the consensus estimate of $346.99 million. During the same period in the prior year, the business earned $0.22 EPS. The business’s revenue for the quarter was up .4% on a year-over-year basis. Utz Brands has set its FY 2026 guidance at 0.771-0.795 EPS. On average, sell-side analysts anticipate that Utz Brands will post 0.85 EPS for the current fiscal year.

Utz Brands Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, January 2nd. Investors of record on Monday, December 15th were paid a $0.063 dividend. This represents a $0.25 annualized dividend and a dividend yield of 2.7%. The ex-dividend date of this dividend was Monday, December 15th. This is a positive change from Utz Brands’s previous quarterly dividend of $0.06. Utz Brands’s dividend payout ratio (DPR) is presently 2,500.00%.

About Utz Brands

Utz Brands, Inc is a leading U.S. manufacturer and distributor of salty snack foods, offering a wide range of products including potato chips, pretzels, cheese snacks, popcorn and tortilla chips. Headquartered in Hanover, Pennsylvania, the company markets its snacks under several well-known brands and serves grocery, mass merchandise, club, convenience and online retailers throughout the United States.

Founded in 1921 by Bill and Salie Utz as a small country store operation, the business expanded gradually through direct delivery to local customers and sales to regional grocers.