Utz Brands, Inc. (UTZ) to Issue Quarterly Dividend of $0.06 on April 23rd

Utz Brands, Inc. (NYSE:UTZ) announced a quarterly dividend on Thursday, March 26th. Investors of record on Monday, April 13th will be paid a dividend of 0.063 per share on Thursday, April 23rd. This represents a c) dividend on an annualized basis and a yield of 3.4%. The ex-dividend date is Monday, April 13th.

Utz Brands has raised its dividend by an average of 0.2%per year over the last three years and has raised its dividend every year for the last 3 years. Utz Brands has a payout ratio of 26.0% meaning its dividend is sufficiently covered by earnings. Research analysts expect Utz Brands to earn $0.92 per share next year, which means the company should continue to be able to cover its $0.25 annual dividend with an expected future payout ratio of 27.2%.

Utz Brands Price Performance

Shares of UTZ opened at $7.42 on Friday. The company has a quick ratio of 0.82, a current ratio of 1.19 and a debt-to-equity ratio of 0.62. The stock has a market cap of $1.07 billion, a PE ratio of 742.24, a PEG ratio of 2.74 and a beta of 0.93. Utz Brands has a 12-month low of $7.11 and a 12-month high of $14.67. The business has a 50-day simple moving average of $9.19 and a two-hundred day simple moving average of $10.36.

Utz Brands (NYSE:UTZ) last announced its quarterly earnings results on Thursday, February 12th. The company reported $0.26 EPS for the quarter, meeting analysts’ consensus estimates of $0.26. The firm had revenue of $342.20 million for the quarter, compared to analyst estimates of $346.99 million. Utz Brands had a return on equity of 8.57% and a net margin of 0.06%.The business’s revenue for the quarter was up .4% on a year-over-year basis. During the same period last year, the firm posted $0.22 earnings per share. Utz Brands has set its FY 2026 guidance at 0.771-0.795 EPS. Analysts anticipate that Utz Brands will post 0.85 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Several hedge funds have recently added to or reduced their stakes in the company. Alyeska Investment Group L.P. boosted its position in Utz Brands by 105.2% during the fourth quarter. Alyeska Investment Group L.P. now owns 2,414,791 shares of the company’s stock valued at $25,066,000 after acquiring an additional 1,238,180 shares during the last quarter. Marshall Wace LLP raised its position in shares of Utz Brands by 249.9% in the 4th quarter. Marshall Wace LLP now owns 1,658,502 shares of the company’s stock worth $17,215,000 after acquiring an additional 1,184,571 shares in the last quarter. Balyasny Asset Management L.P. raised its position in shares of Utz Brands by 42.3% in the 2nd quarter. Balyasny Asset Management L.P. now owns 2,946,512 shares of the company’s stock worth $36,979,000 after acquiring an additional 875,847 shares in the last quarter. Tributary Capital Management LLC lifted its stake in shares of Utz Brands by 93.2% in the 3rd quarter. Tributary Capital Management LLC now owns 1,688,976 shares of the company’s stock valued at $20,521,000 after purchasing an additional 814,555 shares during the period. Finally, Squarepoint Ops LLC boosted its position in shares of Utz Brands by 261.5% during the 4th quarter. Squarepoint Ops LLC now owns 994,418 shares of the company’s stock valued at $10,322,000 after purchasing an additional 719,361 shares in the last quarter. Institutional investors own 95.97% of the company’s stock.

About Utz Brands

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.