Utz Brands, Inc. (UTZ) To Go Ex-Dividend on June 22nd

Utz Brands, Inc. (NYSE:UTZ) announced a quarterly dividend on Thursday, June 11th. Shareholders of record on Monday, June 22nd will be paid a dividend of 0.063 per share on Thursday, July 2nd. This represents a c) dividend on an annualized basis and a yield of 3.6%. The ex-dividend date is Monday, June 22nd.

Utz Brands has raised its dividend by an average of 0.2%annually over the last three years and has raised its dividend every year for the last 3 years. Utz Brands has a payout ratio of 26.0% meaning its dividend is sufficiently covered by earnings. Analysts expect Utz Brands to earn $0.83 per share next year, which means the company should continue to be able to cover its $0.25 annual dividend with an expected future payout ratio of 30.1%.

Utz Brands Price Performance

Shares of NYSE UTZ opened at $7.05 on Friday. The company has a 50 day simple moving average of $7.44 and a two-hundred day simple moving average of $8.72. Utz Brands has a fifty-two week low of $6.78 and a fifty-two week high of $14.67. The company has a market capitalization of $1.01 billion, a price-to-earnings ratio of -70.47, a P/E/G ratio of 2.57 and a beta of 0.83. The company has a debt-to-equity ratio of 0.62, a quick ratio of 0.75 and a current ratio of 1.14.

Utz Brands (NYSE:UTZ) last issued its quarterly earnings results on Wednesday, May 6th. The company reported $0.15 EPS for the quarter, topping analysts’ consensus estimates of $0.14 by $0.01. The firm had revenue of $361.30 million for the quarter, compared to analysts’ expectations of $361.76 million. Utz Brands had a positive return on equity of 8.61% and a negative net margin of 0.58%.The business’s revenue for the quarter was up 2.6% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.16 EPS. Utz Brands has set its FY 2026 guidance at 0.771-0.795 EPS. Analysts expect that Utz Brands will post 0.78 EPS for the current fiscal year.

Analyst Ratings Changes

A number of research analysts have issued reports on the company. UBS Group lowered their price objective on Utz Brands from $10.00 to $8.50 and set a “neutral” rating for the company in a research note on Tuesday, April 7th. TD Cowen cut their target price on Utz Brands from $11.00 to $9.00 and set a “hold” rating on the stock in a research note on Monday, April 20th. Royal Bank Of Canada set a $15.00 price target on Utz Brands in a report on Thursday, April 9th. BTIG Research initiated coverage on Utz Brands in a research report on Monday, April 13th. They issued a “buy” rating and a $10.00 price target for the company. Finally, Barclays dropped their price target on shares of Utz Brands from $12.00 to $10.00 and set an “overweight” rating on the stock in a research note on Tuesday, April 14th. Four 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.com, Utz Brands currently has an average rating of “Hold” and an average price target of $12.06.

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.