Savoir Faire Capital Management L.P. Invests $3.27 Million in Utz Brands, Inc. $UTZ

Savoir Faire Capital Management L.P. acquired a new stake in Utz Brands, Inc. (NYSE:UTZ) in the 3rd quarter, HoldingsChannel.com reports. The fund acquired 269,468 shares of the company’s stock, valued at approximately $3,274,000.

A number of other hedge funds and other institutional investors have also made changes to their positions in the business. Ameritas Investment Partners Inc. lifted its stake in Utz Brands by 16.1% during the second quarter. Ameritas Investment Partners Inc. now owns 7,394 shares of the company’s stock valued at $93,000 after purchasing an additional 1,023 shares during the last quarter. Orion Porfolio Solutions LLC increased its holdings in shares of Utz Brands by 1.0% in the second quarter. Orion Porfolio Solutions LLC now owns 109,921 shares of the company’s stock valued at $1,380,000 after buying an additional 1,137 shares in the last quarter. Osaic Holdings Inc. lifted its position in shares of Utz Brands by 76.1% during the 2nd quarter. Osaic Holdings Inc. now owns 3,756 shares of the company’s stock valued at $47,000 after acquiring an additional 1,623 shares during the last quarter. NewEdge Advisors LLC acquired a new stake in shares of Utz Brands during the 2nd quarter valued at $25,000. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its stake in shares of Utz Brands by 5.9% during the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 39,470 shares of the company’s stock worth $556,000 after acquiring an additional 2,190 shares in the last quarter. 95.97% of the stock is currently owned by institutional investors.

Utz Brands Stock Down 1.2%

Shares of Utz Brands stock opened at $10.38 on Monday. Utz Brands, Inc. has a 1 year low of $9.15 and a 1 year high of $14.67. The company has a market cap of $1.48 billion, a P/E ratio of 148.34, a P/E/G ratio of 1.37 and a beta of 0.90. The company has a current ratio of 1.22, a quick ratio of 0.80 and a debt-to-equity ratio of 0.62. The stock has a 50-day moving average price of $10.05 and a 200 day moving average price of $11.74.

Utz Brands (NYSE:UTZ) last released its earnings results on Thursday, October 30th. The company reported $0.23 earnings per share for the quarter, meeting the consensus estimate of $0.23. The company had revenue of $377.80 million for the quarter, compared to analysts’ expectations of $374.25 million. Utz Brands had a return on equity of 8.12% and a net margin of 0.39%.The business’s revenue for the quarter was up 3.4% on a year-over-year basis. During the same quarter in the previous year, the business posted $0.21 EPS. Utz Brands has set its FY 2025 guidance at 0.824-0.847 EPS. As a group, analysts expect that Utz Brands, Inc. will post 0.85 EPS for the current fiscal year.

Utz Brands Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, January 2nd. Shareholders of record on Monday, December 15th were paid a $0.063 dividend. The ex-dividend date was Monday, December 15th. This represents a $0.25 annualized dividend and a yield of 2.4%. This is a boost from Utz Brands’s previous quarterly dividend of $0.06. Utz Brands’s dividend payout ratio (DPR) is currently 357.14%.

Wall Street Analyst Weigh In

A number of equities research analysts have recently issued reports on UTZ shares. Bank of America cut their target price on Utz Brands from $15.00 to $14.00 and set a “buy” rating on the stock in a research report on Tuesday, January 13th. Barclays reissued an “overweight” rating and issued a $14.00 price target on shares of Utz Brands in a research note on Friday, October 31st. DA Davidson set a $15.00 price objective on shares of Utz Brands in a research note on Wednesday, January 14th. Mizuho set a $16.00 target price on shares of Utz Brands in a report on Monday, November 3rd. Finally, Piper Sandler dropped their target price on shares of Utz Brands from $15.00 to $13.00 and set an “overweight” rating on the stock in a research report on Tuesday, January 13th. Six analysts have rated the stock with a Buy rating, two have assigned a Hold rating and two have given a Sell rating to the company. According to data from MarketBeat, the company has an average rating of “Hold” and a consensus target price of $14.38.

Insiders Place Their Bets

In other news, Director Dylan Lissette acquired 7,010 shares of the business’s stock in a transaction that occurred on Tuesday, November 18th. The stock was acquired at an average cost of $9.99 per share, for a total transaction of $70,029.90. Following the completion of the acquisition, the director owned 160,694 shares in the company, valued at approximately $1,605,333.06. The trade was a 4.56% increase in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, major shareholder Series R. Of Um Partners, Llc acquired 12,420 shares of Utz Brands stock in a transaction that occurred on Friday, November 21st. The shares were purchased at an average cost of $9.60 per share, with a total value of $119,232.00. Following the transaction, the insider owned 628,594 shares of the company’s stock, valued at approximately $6,034,502.40. The trade was a 2.02% increase in their position. The SEC filing for this purchase provides additional information. Insiders purchased a total of 92,313 shares of company stock worth $947,055 in the last quarter. 16.32% of the stock is currently owned by corporate insiders.

Utz Brands Profile

Utz Brands, Inc is a leading U.S. manufacturer and distributor of salty snack foods, offering a wide range of products including potato chips, pretzels, cheese snacks, popcorn and tortilla chips. Headquartered in Hanover, Pennsylvania, the company markets its snacks under several well-known brands and serves grocery, mass merchandise, club, convenience and online retailers throughout the United States.

Founded in 1921 by Bill and Salie Utz as a small country store operation, the business expanded gradually through direct delivery to local customers and sales to regional grocers.