Series U. Of Um Partners, Llc Sells 397,885 Shares of Utz Brands, Inc. (NYSE:UTZ) Stock

Utz Brands, Inc. (NYSE:UTZ) major shareholder Series U. Of Um Partners, Llc sold 397,885 shares of the business’s stock in a transaction that occurred on Monday, May 6th. The stock was sold at an average price of $18.76, for a total transaction of $7,464,322.60. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Major shareholders that own 10% or more of a company’s stock are required to disclose their sales and purchases with the SEC.

Utz Brands Stock Down 2.2 %

UTZ stock opened at $18.55 on Thursday. Utz Brands, Inc. has a one year low of $11.17 and a one year high of $20.04. The company has a debt-to-equity ratio of 0.54, a quick ratio of 0.95 and a current ratio of 1.40. The company has a fifty day moving average of $18.03 and a 200-day moving average of $16.33. The stock has a market capitalization of $2.61 billion, a PE ratio of -74.18, a price-to-earnings-growth ratio of 1.32 and a beta of 0.97.

Utz Brands (NYSE:UTZ) last announced its quarterly earnings data on Thursday, May 2nd. The company reported $0.14 EPS for the quarter, beating analysts’ consensus estimates of $0.13 by $0.01. Utz Brands had a negative net margin of 1.38% and a positive return on equity of 6.16%. The firm had revenue of $346.50 million during the quarter, compared to the consensus estimate of $346.99 million. During the same quarter last year, the firm earned $0.11 earnings per share. The firm’s revenue was down 1.4% compared to the same quarter last year. As a group, analysts expect that Utz Brands, Inc. will post 0.72 EPS for the current year.

Utz Brands Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, May 2nd. Shareholders of record on Monday, April 15th were given a $0.059 dividend. This is a boost from Utz Brands’s previous quarterly dividend of $0.06. The ex-dividend date was Friday, April 12th. This represents a $0.24 annualized dividend and a yield of 1.27%. Utz Brands’s dividend payout ratio is presently -96.00%.

Wall Street Analysts Forecast Growth

Several equities analysts have issued reports on the stock. Barclays upped their price objective on shares of Utz Brands from $20.00 to $23.00 and gave the company an “overweight” rating in a research note on Monday. Stephens raised their price target on Utz Brands from $21.00 to $23.00 and gave the stock an “overweight” rating in a research note on Friday, May 3rd. Mizuho boosted their price objective on Utz Brands from $22.00 to $24.00 and gave the company a “buy” rating in a research note on Friday, May 3rd. Needham & Company LLC raised their target price on shares of Utz Brands from $20.50 to $22.00 and gave the stock a “buy” rating in a research report on Friday, May 3rd. Finally, Truist Financial upped their price target on shares of Utz Brands from $13.00 to $17.00 and gave the company a “hold” rating in a research report on Monday, March 4th. Three investment analysts have rated the stock with a hold rating and nine have assigned a buy rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $20.42.

Institutional Investors Weigh In On Utz Brands

Several institutional investors have recently made changes to their positions in the stock. Gratus Capital LLC purchased a new stake in Utz Brands during the third quarter worth about $6,468,000. Readystate Asset Management LP purchased a new stake in shares of Utz Brands during the 4th quarter worth approximately $7,302,000. Envestnet Asset Management Inc. grew its holdings in shares of Utz Brands by 72.0% in the 3rd quarter. Envestnet Asset Management Inc. now owns 710,165 shares of the company’s stock worth $9,538,000 after acquiring an additional 297,395 shares during the period. Dimensional Fund Advisors LP increased its stake in Utz Brands by 26.0% in the 4th quarter. Dimensional Fund Advisors LP now owns 1,212,493 shares of the company’s stock valued at $19,691,000 after purchasing an additional 250,557 shares in the last quarter. Finally, First Eagle Investment Management LLC raised its holdings in Utz Brands by 96.5% during the third quarter. First Eagle Investment Management LLC now owns 409,027 shares of the company’s stock worth $5,493,000 after purchasing an additional 200,850 shares during the last quarter. 95.97% of the stock is currently owned by hedge funds and other institutional investors.

About Utz Brands

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.