Utz Brands, Inc. (NYSE:UTZ) Receives Consensus Rating of “Moderate Buy” from Analysts

Shares of Utz Brands, Inc. (NYSE:UTZ) have been given a consensus rating of “Moderate Buy” by the ten brokerages that are presently covering the firm, MarketBeat.com reports. Two analysts have rated the stock with a hold recommendation and eight have assigned a buy recommendation to the company. The average 1-year target price among brokerages that have covered the stock in the last year is $20.00.

Several research firms recently commented on UTZ. Piper Sandler lowered their target price on Utz Brands from $24.00 to $20.00 and set an “overweight” rating for the company in a research note on Thursday, January 16th. TD Cowen cut their target price on shares of Utz Brands from $21.00 to $17.00 and set a “buy” rating on the stock in a research note on Wednesday, January 8th. Mizuho decreased their price target on shares of Utz Brands from $21.00 to $19.00 and set an “outperform” rating for the company in a research note on Monday. Finally, Barclays dropped their price objective on shares of Utz Brands from $19.00 to $17.00 and set an “overweight” rating on the stock in a research report on Friday, January 17th.

Utz Brands Stock Performance

NYSE:UTZ opened at $13.70 on Thursday. The company has a market cap of $1.93 billion, a price-to-earnings ratio of -72.11, a price-to-earnings-growth ratio of 0.87 and a beta of 1.01. The company has a quick ratio of 0.85, a current ratio of 1.21 and a debt-to-equity ratio of 0.56. Utz Brands has a 52 week low of $12.71 and a 52 week high of $20.04. The company has a fifty day simple moving average of $14.93 and a two-hundred day simple moving average of $16.31.

Utz Brands Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, January 2nd. Investors of record on Monday, December 16th were paid a dividend of $0.061 per share. This is a positive change from Utz Brands’s previous quarterly dividend of $0.06. This represents a $0.24 annualized dividend and a yield of 1.78%. The ex-dividend date was Monday, December 16th. Utz Brands’s dividend payout ratio (DPR) is currently -126.32%.

Hedge Funds Weigh In On Utz Brands

Hedge funds have recently made changes to their positions in the company. State Street Corp lifted its holdings in shares of Utz Brands by 9.5% in the 3rd quarter. State Street Corp now owns 1,758,961 shares of the company’s stock valued at $31,256,000 after purchasing an additional 152,868 shares during the last quarter. Vestcor Inc lifted its stake in Utz Brands by 11.4% in the third quarter. Vestcor Inc now owns 296,100 shares of the company’s stock valued at $5,241,000 after buying an additional 30,400 shares during the last quarter. Geode Capital Management LLC boosted its holdings in shares of Utz Brands by 3.2% in the third quarter. Geode Capital Management LLC now owns 1,548,231 shares of the company’s stock valued at $27,409,000 after acquiring an additional 47,320 shares during the period. Barclays PLC grew its position in shares of Utz Brands by 21.4% during the third quarter. Barclays PLC now owns 555,477 shares of the company’s stock worth $9,831,000 after acquiring an additional 97,767 shares during the last quarter. Finally, Truist Financial Corp increased its stake in Utz Brands by 20.8% in the second quarter. Truist Financial Corp now owns 24,209 shares of the company’s stock valued at $403,000 after purchasing an additional 4,176 shares during the period. Hedge funds and other institutional investors own 95.97% of the company’s stock.

Utz Brands Company Profile

Utz Brands, Inc engages in manufacture, marketing, and distribution of snack foods. It offers a range of salty snacks, including salty snacks, including potato chips, tortilla chips, pretzels, cheese snacks, pork skins, veggie snacks, pub/party mixes, tortilla chips, salsa and dips, ready-to-eat popcorn, and other snacks under the Utz, Zapp’s, ON THE BORDER, Golden Flake, Boulder Canyon, Hawaiian, TORTIYAHS!, etc.