Utz Brands (NYSE:UTZ) Shares Down 4.8% – Should You Sell?

Utz Brands, Inc. (NYSE:UTZ) shares fell 4.8% on Wednesday . The company traded as low as $7.45 and last traded at $7.5050. 442,054 shares changed hands during mid-day trading, a decline of 74% from the average session volume of 1,728,111 shares. The stock had previously closed at $7.88.

Analysts Set New Price Targets

Several research firms recently commented on UTZ. DA Davidson set a $15.00 target price on Utz Brands in a report on Wednesday, January 14th. Piper Sandler dropped their price objective on Utz Brands from $15.00 to $13.00 and set an “overweight” rating on the stock in a report on Tuesday, January 13th. Barclays cut their target price on Utz Brands from $13.00 to $12.00 and set an “overweight” rating on the stock in a research report on Friday, February 13th. UBS Group set a $10.00 price target on shares of Utz Brands in a research note on Friday, February 13th. Finally, Zacks Research downgraded shares of Utz Brands from a “hold” rating to a “strong sell” rating in a research report on Wednesday, January 14th. Four equities research analysts have rated the stock with a Buy rating, two have given a Hold rating and two have assigned a Sell rating to the stock. According to MarketBeat, Utz Brands has a consensus rating of “Hold” and an average target price of $12.86.

Utz Brands Stock Performance

The firm has a fifty day simple moving average of $9.88 and a 200-day simple moving average of $10.87. 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 company has a market cap of $1.09 billion, a PE ratio of 760.06, a price-to-earnings-growth ratio of 3.02 and a beta of 0.93.

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

Institutional Investors Weigh In On Utz Brands

Large investors have recently modified their holdings of the company. NewEdge Advisors LLC purchased a new position in shares of Utz Brands during the second quarter worth approximately $25,000. Aster Capital Management DIFC Ltd raised its position in 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 boosted its stake in Utz Brands by 431.5% during the 4th quarter. Global Retirement Partners LLC now owns 3,343 shares of the company’s stock worth $35,000 after purchasing an additional 2,714 shares during the period. Osaic Holdings Inc. boosted its stake in Utz Brands by 76.1% during the 2nd quarter. Osaic Holdings Inc. now owns 3,756 shares of the company’s stock worth $47,000 after purchasing an additional 1,623 shares during the period. Finally, Farther Finance Advisors LLC grew its position in Utz Brands by 118.5% during the 4th quarter. Farther Finance Advisors LLC now owns 4,356 shares of the company’s stock worth $45,000 after purchasing an additional 2,362 shares during the last quarter. 95.97% of the stock is owned by institutional investors and hedge funds.

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.