Utz Brands, Inc. (NYSE:UTZ - Get Free Report) Director Dylan Lissette sold 10,003 shares of the firm's stock in a transaction that occurred on Tuesday, May 7th. The shares were sold at an average price of $19.11, for a total transaction of $191,157.33. Following the completion of the transaction, the director now owns 118,222 shares of the company's stock, valued at approximately $2,259,222.42. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink.
Utz Brands Price Performance
Shares of NYSE UTZ opened at $18.98 on Wednesday. The firm has a market capitalization of $2.67 billion, a P/E ratio of -75.92, a P/E/G ratio of 1.32 and a beta of 0.97. The firm's 50-day moving average price is $18.02 and its 200-day moving average price is $16.28. The company has a current ratio of 1.40, a quick ratio of 0.95 and a debt-to-equity ratio of 0.54. Utz Brands, Inc. has a 1-year low of $11.17 and a 1-year high of $20.04.
Utz Brands (NYSE:UTZ - Get Free Report) last posted its quarterly earnings results on Thursday, May 2nd. The company reported $0.14 earnings per share for the quarter, topping analysts' consensus estimates of $0.13 by $0.01. The business had revenue of $346.50 million for the quarter, compared to the consensus estimate of $346.99 million. Utz Brands had a positive return on equity of 6.16% and a negative net margin of 1.38%. The firm's revenue for the quarter was down 1.4% on a year-over-year basis. During the same period in the prior year, the business earned $0.11 EPS. Equities research analysts anticipate that Utz Brands, Inc. will post 0.72 earnings per share for the current fiscal year.
Utz Brands Increases Dividend
The ONE AI Stock to own now. (It’s not Nvidia.)
From Weiss Ratings | Ad
Don’t panic — you haven’t missed the boat on AI.
In fact, it has barely launched.
Sure, the early stages of this boom were big …
But I believe the real wealth in AI has yet to be made …
Click here to see the presentation now.
The firm also recently declared a quarterly dividend, which was paid on Thursday, May 2nd. Investors of record on Monday, April 15th were given a $0.059 dividend. The ex-dividend date of this dividend was Friday, April 12th. This represents a $0.24 annualized dividend and a yield of 1.24%. This is an increase from Utz Brands's previous quarterly dividend of $0.06. Utz Brands's dividend payout ratio (DPR) is presently -96.00%.
Institutional Trading of Utz Brands
Hedge funds and other institutional investors have recently bought and sold shares of the business. Gratus Capital LLC bought a new position in shares of Utz Brands in the third quarter valued at approximately $6,468,000. Readystate Asset Management LP bought a new position in Utz Brands during the 4th quarter valued at $7,302,000. Envestnet Asset Management Inc. boosted its holdings in Utz Brands by 72.0% during 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 last quarter. Dimensional Fund Advisors LP grew its stake in shares of Utz Brands by 26.0% in the 4th quarter. Dimensional Fund Advisors LP now owns 1,212,493 shares of the company's stock worth $19,691,000 after acquiring an additional 250,557 shares in the last quarter. Finally, First Eagle Investment Management LLC raised its holdings in shares of Utz Brands by 96.5% in the third quarter. First Eagle Investment Management LLC now owns 409,027 shares of the company's stock valued at $5,493,000 after purchasing an additional 200,850 shares during the last quarter. Institutional investors own 95.97% of the company's stock.
Analysts Set New Price Targets
Several analysts recently weighed in on UTZ shares. Piper Sandler boosted their price objective on shares of Utz Brands from $18.00 to $21.00 and gave the stock an "overweight" rating in a research note on Friday, March 1st. Stephens upped their price target on Utz Brands from $21.00 to $23.00 and gave the company an "overweight" rating in a research report on Friday, May 3rd. 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. DA Davidson began coverage on Utz Brands in a report on Friday, March 1st. They issued a "neutral" rating and a $20.00 target price on the stock. Finally, Royal Bank of Canada increased their target price on shares of Utz Brands from $19.00 to $23.00 and gave the company an "outperform" rating in a research report on Friday, May 3rd. Three investment analysts have rated the stock with a hold rating and nine have given a buy rating to the company's stock. Based on data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and an average target price of $20.42.
Check Out Our Latest Stock Report on UTZ
About Utz Brands
(
Get 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.
Further Reading
This instant news alert was generated by narrative science technology and financial data from InsiderTrades.com in order to provide readers with the fastest and most accurate reporting. This story was reviewed by InsiderTrades.com's editorial team prior to publication. Please send any questions or comments about this story to [email protected].
