Utz Brands, Inc. (NYSE:UTZ - Get Free Report) EVP Cary Devore sold 30,000 shares of the business's stock in a transaction on Monday, November 4th. The shares were sold at an average price of $17.32, for a total value of $519,600.00. Following the completion of the sale, the executive vice president now directly owns 451,117 shares in the company, valued at approximately $7,813,346.44. This represents a 0.00 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link.
Utz Brands Stock Performance
UTZ stock opened at $17.34 on Tuesday. The company has a 50 day moving average price of $17.31 and a 200 day moving average price of $17.24. Utz Brands, Inc. has a fifty-two week low of $11.67 and a fifty-two week high of $20.04. The company has a debt-to-equity ratio of 0.57, a current ratio of 1.69 and a quick ratio of 1.21. The stock has a market capitalization of $2.44 billion, a PE ratio of -91.26, a price-to-earnings-growth ratio of 1.18 and a beta of 1.01.
Utz Brands (NYSE:UTZ - Get Free Report) last issued its quarterly earnings results on Thursday, October 31st. The company reported $0.21 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.20 by $0.01. The business had revenue of $365.50 million for the quarter, compared to analyst estimates of $363.98 million. Utz Brands had a positive return on equity of 7.24% and a negative net margin of 0.99%. The firm's revenue for the quarter was down 1.7% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.17 earnings per share. Analysts forecast that Utz Brands, Inc. will post 0.74 EPS for the current year.
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The firm also recently announced a None dividend, which was paid on Thursday, October 3rd. Stockholders of record on Monday, September 16th were paid a $0.011 dividend. This represents a dividend yield of 1.3%. The ex-dividend date of this dividend was Monday, September 16th. Utz Brands's dividend payout ratio (DPR) is presently -126.32%.
Wall Street Analyst Weigh In
Several equities research analysts have recently commented on UTZ shares. Barclays reduced their target price on shares of Utz Brands from $23.00 to $19.00 and set an "overweight" rating on the stock in a research note on Friday, July 19th. Piper Sandler boosted their price target on shares of Utz Brands from $22.00 to $24.00 and gave the company an "overweight" rating in a research report on Friday. Needham & Company LLC reaffirmed a "buy" rating and set a $22.00 price objective on shares of Utz Brands in a report on Friday, August 2nd. Finally, Mizuho cut their target price on shares of Utz Brands from $24.00 to $21.00 and set an "outperform" rating for the company in a research note on Monday. Three analysts have rated the stock with a hold rating and seven have given a buy rating to the company's stock. Based on data from MarketBeat.com, Utz Brands currently has a consensus rating of "Moderate Buy" and a consensus target price of $20.80.
Get Our Latest Stock Report on Utz Brands
Institutional Investors Weigh In On Utz Brands
Several institutional investors have recently modified their holdings of UTZ. Fifth Third Bancorp acquired a new position in Utz Brands in the second quarter valued at approximately $44,000. Canada Pension Plan Investment Board acquired a new position in shares of Utz Brands in the 2nd quarter valued at $80,000. SG Americas Securities LLC bought a new position in shares of Utz Brands in the 2nd quarter worth $103,000. nVerses Capital LLC acquired a new stake in shares of Utz Brands during the third quarter worth $142,000. Finally, XTX Topco Ltd acquired a new stake in shares of Utz Brands during the second quarter worth $185,000. Institutional investors and hedge funds own 95.97% of the company's stock.
Utz Brands Company Profile
(
Get Free Report)
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.
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