Utz Brands (NYSE:UTZ) CEO Howard Friedman Buys 7,200 Shares

Utz Brands, Inc. (NYSE:UTZ) CEO Howard Friedman bought 7,200 shares of the business’s stock in a transaction on Monday, November 3rd. The stock was bought at an average price of $10.58 per share, for a total transaction of $76,176.00. Following the completion of the purchase, the chief executive officer directly owned 66,298 shares of the company’s stock, valued at $701,432.84. The trade was a 12.18% increase in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link.

Utz Brands Stock Performance

UTZ stock opened at $10.11 on Wednesday. The company has a debt-to-equity ratio of 0.62, a quick ratio of 0.80 and a current ratio of 1.22. The stock has a market capitalization of $1.43 billion, a price-to-earnings ratio of 144.47, a PEG ratio of 1.39 and a beta of 1.00. Utz Brands, Inc. has a 1 year low of $10.06 and a 1 year high of $18.29. The stock’s fifty day moving average is $12.44 and its two-hundred day moving average is $12.92.

Utz Brands (NYSE:UTZ) last issued its quarterly earnings results on Thursday, October 30th. The company reported $0.23 EPS for the quarter, meeting analysts’ consensus estimates of $0.23. The company had revenue of $377.80 million for the quarter, compared to analyst estimates of $374.25 million. Utz Brands had a return on equity of 8.12% and a net margin of 0.39%.The company’s quarterly revenue was up 3.4% compared to the same quarter last year. During the same period last year, the company earned $0.21 earnings per share. Utz Brands has set its FY 2025 guidance at 0.824-0.847 EPS. On average, research analysts predict that Utz Brands, Inc. will post 0.85 EPS for the current year.

Utz Brands Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Thursday, October 2nd. Stockholders of record on Monday, September 15th were issued a dividend of $0.061 per share. This represents a $0.24 dividend on an annualized basis and a dividend yield of 2.4%. The ex-dividend date of this dividend was Monday, September 15th. Utz Brands’s dividend payout ratio (DPR) is 342.86%.

Wall Street Analyst Weigh In

A number of research analysts have recently commented on UTZ shares. Mizuho set a $16.00 price target on Utz Brands in a report on Monday. TD Cowen lowered their price target on Utz Brands from $14.00 to $12.00 and set a “hold” rating on the stock in a report on Friday, October 31st. Weiss Ratings reissued a “sell (d+)” rating on shares of Utz Brands in a report on Wednesday, October 8th. Barclays reissued an “overweight” rating and set a $14.00 price target on shares of Utz Brands in a report on Friday. Finally, UBS Group lowered their target price on Utz Brands from $13.50 to $11.50 and set a “neutral” rating on the stock in a report on Friday. Five analysts have rated the stock with a Buy rating, two have given a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $15.64.

Institutional Inflows and Outflows

A number of hedge funds have recently bought and sold shares of UTZ. Janney Montgomery Scott LLC acquired a new position in Utz Brands during the first quarter worth about $196,000. First Horizon Advisors Inc. grew its holdings in Utz Brands by 44.8% during the first quarter. First Horizon Advisors Inc. now owns 7,887 shares of the company’s stock worth $111,000 after acquiring an additional 2,441 shares during the period. Teacher Retirement System of Texas acquired a new position in Utz Brands during the first quarter worth about $144,000. Bank of New York Mellon Corp grew its holdings in Utz Brands by 4.3% during the first quarter. Bank of New York Mellon Corp now owns 380,650 shares of the company’s stock worth $5,360,000 after acquiring an additional 15,624 shares during the period. Finally, Envestnet Asset Management Inc. increased its stake in Utz Brands by 27.5% in the 1st quarter. Envestnet Asset Management Inc. now owns 850,210 shares of the company’s stock worth $11,971,000 after purchasing an additional 183,159 shares in the last quarter. 95.97% of the stock is owned by institutional investors and hedge funds.

Utz Brands Company Profile

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.