Waterloo Capital L.P. Invests $169,000 in Utz Brands, Inc. (NYSE:UTZ)

Waterloo Capital L.P. purchased a new position in shares of Utz Brands, Inc. (NYSE:UTZFree Report) during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor purchased 10,435 shares of the company’s stock, valued at approximately $169,000.

Other institutional investors and hedge funds have also made changes to their positions in the company. SRS Capital Advisors Inc. increased its position in Utz Brands by 120.2% in the 4th quarter. SRS Capital Advisors Inc. now owns 3,464 shares of the company’s stock valued at $56,000 after acquiring an additional 1,891 shares during the period. Delta Asset Management LLC TN increased its position in Utz Brands by 100.0% in the 4th quarter. Delta Asset Management LLC TN now owns 5,000 shares of the company’s stock valued at $81,000 after acquiring an additional 2,500 shares during the period. International Assets Investment Management LLC increased its position in Utz Brands by 1,428.8% in the 4th quarter. International Assets Investment Management LLC now owns 5,473 shares of the company’s stock valued at $89,000 after acquiring an additional 5,115 shares during the period. Parallel Advisors LLC increased its position in Utz Brands by 11.6% in the 4th quarter. Parallel Advisors LLC now owns 9,924 shares of the company’s stock valued at $161,000 after acquiring an additional 1,033 shares during the period. Finally, Sherbrooke Park Advisers LLC bought a new position in Utz Brands during the 3rd quarter valued at $136,000. 95.97% of the stock is currently owned by institutional investors and hedge funds.

Utz Brands Stock Performance

UTZ opened at $18.14 on Tuesday. The firm has a market cap of $2.55 billion, a PE ratio of -72.54, a P/E/G ratio of 1.27 and a beta of 0.99. The company has a quick ratio of 0.95, a current ratio of 1.40 and a debt-to-equity ratio of 0.54. The business has a fifty day simple moving average of $18.14 and a 200-day simple moving average of $17.30. Utz Brands, Inc. has a fifty-two week low of $11.17 and a fifty-two week high of $20.04.

Utz Brands (NYSE:UTZGet Free Report) last issued its earnings results on Thursday, May 2nd. The company reported $0.14 EPS for the quarter, topping the consensus estimate of $0.13 by $0.01. The business had revenue of $346.50 million during the quarter, compared to analysts’ expectations of $346.99 million. Utz Brands had a positive return on equity of 6.16% and a negative net margin of 1.38%. Utz Brands’s revenue was down 1.4% compared to the same quarter last year. During the same quarter last year, the firm posted $0.11 earnings per share. As a group, equities analysts predict that Utz Brands, Inc. will post 0.72 EPS for the current fiscal year.

Utz Brands Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, July 3rd. Stockholders of record on Monday, June 17th will be given a $0.059 dividend. The ex-dividend date of this dividend is Monday, June 17th. This represents a $0.24 annualized dividend and a dividend yield of 1.30%. Utz Brands’s dividend payout ratio (DPR) is presently -96.00%.

Insider Transactions at Utz Brands

In other news, major shareholder Chinh Chu sold 92,226 shares of the firm’s stock in a transaction on Wednesday, March 13th. The stock was sold at an average price of $17.80, for a total value of $1,641,622.80. Following the completion of the sale, the insider now owns 3,556,154 shares of the company’s stock, valued at $63,299,541.20. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. In related news, Director Roger K. Deromedi sold 66,027 shares of the stock in a transaction on Thursday, May 2nd. The stock was sold at an average price of $19.45, for a total transaction of $1,284,225.15. Following the completion of the sale, the director now directly owns 2,315,693 shares in the company, valued at $45,040,228.85. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. Also, major shareholder Chinh Chu sold 92,226 shares of the stock in a transaction on Wednesday, March 13th. The stock was sold at an average price of $17.80, for a total value of $1,641,622.80. Following the sale, the insider now owns 3,556,154 shares of the company’s stock, valued at $63,299,541.20. The disclosure for this sale can be found here. Insiders sold a total of 589,404 shares of company stock valued at $11,029,550 over the last quarter. Company insiders own 17.00% of the company’s stock.

Analyst Ratings Changes

A number of brokerages have issued reports on UTZ. Piper Sandler increased their price target on Utz Brands from $18.00 to $21.00 and gave the company an “overweight” rating in a research note on Friday, March 1st. DA Davidson began coverage on Utz Brands in a research note on Friday, March 1st. They set a “neutral” rating and a $20.00 price target for the company. Barclays increased their price target on Utz Brands from $20.00 to $23.00 and gave the company an “overweight” rating in a research note on Monday, May 6th. Needham & Company LLC increased their price target on Utz Brands from $20.50 to $22.00 and gave the company a “buy” rating in a research note on Friday, May 3rd. Finally, Stephens increased their price target on Utz Brands from $21.00 to $23.00 and gave the company an “overweight” rating in a research note on Friday, May 3rd. Three research analysts have rated the stock with a hold rating and nine have issued a buy rating to the company. Based on data from MarketBeat.com, Utz Brands currently has a consensus rating of “Moderate Buy” and an average target price of $20.42.

View Our Latest Analysis on UTZ

Utz Brands Company Profile

(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.

See Also

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Institutional Ownership by Quarter for Utz Brands (NYSE:UTZ)

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