Utz Brands, Inc. (NYSE:UTZ – Get Rating) major shareholder Chinh Chu sold 1,500,000 shares of the company’s stock in a transaction that occurred on Friday, March 17th. The stock was sold at an average price of $16.66, for a total value of $24,990,000.00. Following the sale, the insider now owns 3,648,380 shares of the company’s stock, valued at approximately $60,782,010.80. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Major shareholders that own more than 10% of a company’s shares are required to disclose their transactions with the SEC.
Utz Brands Trading Down 8.1 %
NYSE:UTZ opened at $16.12 on Friday. The stock has a fifty day moving average price of $16.56 and a two-hundred day moving average price of $16.46. The company has a current ratio of 1.57, a quick ratio of 1.07 and a debt-to-equity ratio of 0.63. Utz Brands, Inc. has a 1 year low of $12.06 and a 1 year high of $19.98.
Utz Brands (NYSE:UTZ – Get Rating) last released its quarterly earnings data on Thursday, March 2nd. The company reported $0.15 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.12 by $0.03. The firm had revenue of $354.70 million during the quarter, compared to analysts’ expectations of $336.71 million. Utz Brands had a positive return on equity of 5.37% and a negative net margin of 0.03%. Utz Brands’s revenue was up 17.9% compared to the same quarter last year. During the same quarter in the prior year, the business posted $0.11 earnings per share. As a group, equities research analysts forecast that Utz Brands, Inc. will post 0.54 earnings per share for the current fiscal year.
Institutional Inflows and Outflows
Wall Street Analysts Forecast Growth
Separately, The Goldman Sachs Group upped their price target on Utz Brands from $18.00 to $20.00 and gave the stock a “neutral” rating in a research note on Friday, March 3rd.
About Utz Brands
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.
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