Utz Brands, Inc. (NYSE:UTZ – Get Rating) Director Pamela J. Stewart purchased 977 shares of the firm’s stock in a transaction on Friday, May 20th. The stock was acquired at an average price of $12.79 per share, with a total value of $12,495.83. Following the completion of the purchase, the director now owns 11,920 shares of the company’s stock, valued at approximately $152,456.80. The purchase was disclosed in a filing with the SEC, which can be accessed through the SEC website.
UTZ stock traded up $0.25 during trading on Thursday, hitting $13.76. 810,140 shares of the company traded hands, compared to its average volume of 565,721. The stock’s 50-day simple moving average is $14.30 and its 200 day simple moving average is $15.34. The company has a debt-to-equity ratio of 0.61, a current ratio of 1.53 and a quick ratio of 1.02. The company has a market cap of $1.90 billion, a PE ratio of 46.59, a P/E/G ratio of 4.26 and a beta of 0.64. Utz Brands, Inc. has a 1 year low of $12.06 and a 1 year high of $25.42.
Utz Brands (NYSE:UTZ – Get Rating) last announced its quarterly earnings results on Thursday, May 12th. The company reported $0.11 earnings per share for the quarter, beating the consensus estimate of $0.09 by $0.02. The company had revenue of $340.80 million during the quarter, compared to analysts’ expectations of $311.08 million. Utz Brands had a return on equity of 5.20% and a net margin of 2.04%. Utz Brands’s quarterly revenue was up 26.6% on a year-over-year basis. During the same period last year, the business earned $0.13 earnings per share. Research analysts expect that Utz Brands, Inc. will post 0.5 earnings per share for the current year.
Institutional investors and hedge funds have recently modified their holdings of the business. Rockefeller Capital Management L.P. grew its holdings in Utz Brands by 80.1% in the third quarter. Rockefeller Capital Management L.P. now owns 971,215 shares of the company’s stock valued at $16,636,000 after purchasing an additional 431,933 shares during the period. Allspring Global Investments Holdings LLC acquired a new stake in Utz Brands in the fourth quarter valued at approximately $34,695,000. Advisor Group Holdings Inc. grew its holdings in Utz Brands by 23.0% in the third quarter. Advisor Group Holdings Inc. now owns 18,303 shares of the company’s stock valued at $313,000 after purchasing an additional 3,428 shares during the period. Citigroup Inc. grew its holdings in Utz Brands by 93.2% in the third quarter. Citigroup Inc. now owns 8,511 shares of the company’s stock valued at $146,000 after purchasing an additional 4,106 shares during the period. Finally, UBS Group AG grew its holdings in Utz Brands by 17.4% in the third quarter. UBS Group AG now owns 545,978 shares of the company’s stock valued at $9,353,000 after purchasing an additional 81,048 shares during the period. 44.28% of the stock is currently owned by institutional investors.
UTZ has been the subject of a number of research analyst reports. Zacks Investment Research upgraded Utz Brands from a “sell” rating to a “hold” rating in a research note on Wednesday, May 18th. Credit Suisse Group cut Utz Brands from an “outperform” rating to a “neutral” rating and decreased their price target for the company from $20.00 to $16.50 in a research note on Tuesday, April 12th. Finally, Oppenheimer cut Utz Brands from an “outperform” rating to a “market perform” rating in a research note on Tuesday, February 8th. Six equities research analysts have rated the stock with a hold rating and one has issued a buy rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus target price of $19.17.
About Utz Brands (Get Rating)
Utz Brands, Inc operates as a snack food manufacturing company. It offers a range of salty snacks, including potato chips, kettle chips, tortilla chips, pretzels, cheese snacks, veggie snacks, pork skins, pub/party mixes, salsa and queso, ready-to-eat popcorn, and other snacks under the Utz, Zapp's, ON THE BORDER, Golden Flake, Good Health, Boulder Canyon, Hawaiian, TGIF, TORTIYAHS!, and other brand names.
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