Savoir Faire Capital Management L.P. Trims Position in Utz Brands, Inc. $UTZ

Savoir Faire Capital Management L.P. cut its stake in shares of Utz Brands, Inc. (NYSE:UTZ) by 81.7% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 49,255 shares of the company’s stock after selling 220,213 shares during the period. Savoir Faire Capital Management L.P.’s holdings in Utz Brands were worth $511,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently modified their holdings of UTZ. R Squared Ltd purchased a new position in Utz Brands during the fourth quarter valued at approximately $165,000. Comerica Bank lifted its stake in Utz Brands by 31.0% in the 4th quarter. Comerica Bank now owns 30,394 shares of the company’s stock worth $315,000 after purchasing an additional 7,191 shares in the last quarter. Vanguard Group Inc. lifted its stake in Utz Brands by 3.4% in the 4th quarter. Vanguard Group Inc. now owns 7,679,985 shares of the company’s stock worth $79,718,000 after purchasing an additional 252,876 shares in the last quarter. Copeland Capital Management LLC boosted its holdings in Utz Brands by 10.2% in the 4th quarter. Copeland Capital Management LLC now owns 3,449,862 shares of the company’s stock valued at $35,810,000 after purchasing an additional 318,763 shares during the period. Finally, Tributary Capital Management LLC boosted its holdings in Utz Brands by 10.3% in the 4th quarter. Tributary Capital Management LLC now owns 931,650 shares of the company’s stock valued at $9,671,000 after purchasing an additional 87,162 shares during the period. 95.97% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several research firms have recently weighed in on UTZ. Piper Sandler decreased their price target on shares of Utz Brands from $15.00 to $13.00 and set an “overweight” rating on the stock in a report on Tuesday, January 13th. Zacks Research upgraded Utz Brands from a “strong sell” rating to a “hold” rating in a research report on Monday, April 20th. UBS Group decreased their target price on Utz Brands from $10.00 to $8.50 and set a “neutral” rating on the stock in a research note on Tuesday, April 7th. Barclays lowered their price target on Utz Brands from $12.00 to $10.00 and set an “overweight” rating on the stock in a report on Tuesday, April 14th. Finally, Mizuho set a $14.00 price target on Utz Brands in a research report on Monday, February 23rd. Four investment analysts have rated the stock with a Buy rating, three have given a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat, the company currently has an average rating of “Hold” and an average target price of $12.06.

Utz Brands Stock Performance

Utz Brands stock opened at $7.98 on Friday. Utz Brands, Inc. has a fifty-two week low of $7.11 and a fifty-two week high of $14.67. The company has a debt-to-equity ratio of 0.62, a quick ratio of 0.82 and a current ratio of 1.19. The stock has a market cap of $1.15 billion, a P/E ratio of 798.30, a price-to-earnings-growth ratio of 2.85 and a beta of 0.98. The firm’s fifty day moving average price is $7.99 and its 200-day moving average price is $9.58.

Utz Brands (NYSE:UTZ) last announced its earnings results 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 net margin of 0.06% and a return on equity of 8.57%. The company had revenue of $342.20 million during the quarter, compared to analyst estimates of $346.99 million. During the same period in the previous year, the business earned $0.22 earnings per share. The firm’s quarterly revenue was up .4% compared to the same quarter last year. Utz Brands has set its FY 2026 guidance at 0.771-0.795 EPS. On average, equities research analysts expect that Utz Brands, Inc. will post 0.77 earnings per share for the current fiscal year.

Utz Brands Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, April 23rd. Stockholders of record on Monday, April 13th were given a dividend of $0.063 per share. The ex-dividend date was Monday, April 13th. This represents a $0.25 annualized dividend and a dividend yield of 3.2%. Utz Brands’s dividend payout ratio is 2,500.00%.

Utz Brands Profile

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.