Capital Impact Advisors LLC Cuts Stake in Utz Brands, Inc. (NYSE:UTZ)

Capital Impact Advisors LLC lowered its position in shares of Utz Brands, Inc. (NYSE:UTZ – Get Rating) by 31.1% in the third quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 40,502 shares of the company’s stock after selling 18,265 shares during the quarter. Capital Impact Advisors LLC’s holdings in Utz Brands were worth $725,000 as of its most recent filing with the SEC.

Other large investors also recently bought and sold shares of the company. Arizona State Retirement System increased its holdings in shares of Utz Brands by 4.4% in the 3rd quarter. Arizona State Retirement System now owns 17,550 shares of the company’s stock valued at $265,000 after purchasing an additional 733 shares in the last quarter. Principal Financial Group Inc. increased its holdings in shares of Utz Brands by 7.7% in the 1st quarter. Principal Financial Group Inc. now owns 10,808 shares of the company’s stock valued at $160,000 after purchasing an additional 769 shares in the last quarter. Outfitter Financial LLC increased its holdings in shares of Utz Brands by 1.7% in the 3rd quarter. Outfitter Financial LLC now owns 47,245 shares of the company’s stock valued at $713,000 after purchasing an additional 805 shares in the last quarter. Oppenheimer Asset Management Inc. increased its holdings in shares of Utz Brands by 2.5% in the 2nd quarter. Oppenheimer Asset Management Inc. now owns 34,189 shares of the company’s stock valued at $472,000 after purchasing an additional 830 shares in the last quarter. Finally, Captrust Financial Advisors increased its holdings in shares of Utz Brands by 10.9% in the 2nd quarter. Captrust Financial Advisors now owns 9,146 shares of the company’s stock valued at $126,000 after purchasing an additional 899 shares in the last quarter. Hedge funds and other institutional investors own 46.66% of the company’s stock.

Wall Street Analysts Forecast Growth

Separately, The Goldman Sachs Group raised their target price on shares of Utz Brands from $18.00 to $20.00 and gave the company a “neutral” rating in a report on Friday, March 3rd.

Utz Brands Stock Performance

NYSE:UTZ opened at $17.54 on Friday. The company has a current ratio of 1.57, a quick ratio of 1.07 and a debt-to-equity ratio of 0.63. The firm has a 50-day moving average price of $16.56 and a two-hundred day moving average price of $16.46. Utz Brands, Inc. has a twelve month low of $12.06 and a twelve month high of $19.98. The company has a market capitalization of $2.46 billion, a P/E ratio of -1,754.00, a price-to-earnings-growth ratio of 2.94 and a beta of 0.82.

Utz Brands (NYSE:UTZ – Get Rating) last posted its earnings results on Thursday, March 2nd. The company reported $0.15 earnings per share for the quarter, beating the consensus estimate of $0.12 by $0.03. Utz Brands had a negative net margin of 0.03% and a positive return on equity of 5.37%. The firm had revenue of $354.70 million during the quarter, compared to the consensus estimate of $336.71 million. During the same period last year, the firm posted $0.11 EPS. The firm’s revenue for the quarter was up 17.9% on a year-over-year basis. As a group, research analysts expect that Utz Brands, Inc. will post 0.54 earnings per share for the current fiscal year.

Utz Brands Company Profile

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UTZ Brands, Inc manufactures, markets, and distributes branded snacking products. It offers a broad range of salty snacks, including potato chips, pretzels, cheese, veggie, other snacks and pork skins. The firm’s brands include Utz, Zapp’s, Golden Flake, Good Health, Boulder Canyon and Hawaiian. The company was founded in 1921 and is headquartered in Hanover, PA.