Utz Brands, Inc. $UTZ Shares Sold by Champlain Investment Partners LLC

Champlain Investment Partners LLC cut its stake in Utz Brands, Inc. (NYSE:UTZ) by 22.0% in the third quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 2,945,434 shares of the company’s stock after selling 832,683 shares during the period. Champlain Investment Partners LLC’s holdings in Utz Brands were worth $35,787,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds have also bought and sold shares of UTZ. Tributary Capital Management LLC raised its position in Utz Brands by 93.2% during the third quarter. Tributary Capital Management LLC now owns 1,688,976 shares of the company’s stock valued at $20,521,000 after acquiring an additional 814,555 shares in the last quarter. Universal Beteiligungs und Servicegesellschaft mbH increased its holdings in shares of Utz Brands by 560.6% during the 3rd quarter. Universal Beteiligungs und Servicegesellschaft mbH now owns 112,811 shares of the company’s stock valued at $1,371,000 after purchasing an additional 95,733 shares in the last quarter. Diamond Hill Capital Management Inc. boosted its holdings in Utz Brands by 42.2% during the third quarter. Diamond Hill Capital Management Inc. now owns 327,853 shares of the company’s stock worth $3,983,000 after buying an additional 97,271 shares in the last quarter. Bryce Point Capital LLC acquired a new stake in Utz Brands during the second quarter valued at $737,000. Finally, Copeland Capital Management LLC increased its holdings in Utz Brands by 10.8% in the third quarter. Copeland Capital Management LLC now owns 3,131,099 shares of the company’s stock valued at $38,043,000 after buying an additional 304,163 shares in the last quarter. Institutional investors and hedge funds own 95.97% of the company’s stock.

Utz Brands Trading Down 3.2%

Shares of UTZ stock opened at $8.72 on Wednesday. Utz Brands, Inc. has a fifty-two week low of $8.66 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’s fifty day moving average is $10.08 and its two-hundred day moving average is $11.03. The firm has a market capitalization of $1.25 billion, a P/E ratio of 872.87, a PEG ratio of 3.31 and a beta of 0.93.

Utz Brands (NYSE:UTZ) last issued its earnings results on Thursday, February 12th. The company reported $0.26 EPS for the quarter, meeting analysts’ consensus estimates of $0.26. The business had revenue of $342.20 million during the quarter, compared to analysts’ expectations of $346.99 million. Utz Brands had a net margin of 0.06% and a return on equity of 8.57%. The company’s quarterly revenue was up .4% compared to the same quarter last year. During the same period in the prior year, the business earned $0.22 earnings per share. Utz Brands has set its FY 2026 guidance at 0.771-0.795 EPS. Research analysts expect that Utz Brands, Inc. will post 0.85 earnings per share for the current fiscal year.

Utz Brands Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, January 2nd. Shareholders of record on Monday, December 15th were paid a $0.063 dividend. 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 15th. This represents a $0.25 dividend on an annualized basis and a yield of 2.9%. Utz Brands’s dividend payout ratio is 2,500.00%.

Analyst Ratings Changes

A number of research firms have recently commented on UTZ. UBS Group set a $10.00 target price on Utz Brands in a research report on Friday, February 13th. DA Davidson set a $15.00 target price on Utz Brands in a research report on Wednesday, January 14th. 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. Zacks Research cut shares of Utz Brands from a “hold” rating to a “strong sell” rating in a research report on Wednesday, January 14th. Finally, Bank of America dropped their target price on shares of Utz Brands from $15.00 to $14.00 and set a “buy” rating on the stock in a research report on Tuesday, January 13th. Four investment analysts have rated the stock with a Buy rating, two have issued a Hold rating and two have assigned a Sell rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus price target of $12.86.

Utz Brands Company 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.