Analysts Set Utz Brands, Inc. (NYSE:UTZ) Price Target at $12.06

Shares of Utz Brands, Inc. (NYSE:UTZ) have received a consensus recommendation of “Hold” from the eight research firms that are covering the stock, MarketBeat Ratings reports. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating and four have issued a buy rating on the company. The average twelve-month price objective among brokerages that have issued a report on the stock in the last year is $12.0556.

Several brokerages have recently weighed in on UTZ. Zacks Research upgraded Utz Brands from a “strong sell” rating to a “hold” rating in a report on Monday, April 20th. BTIG Research started coverage on shares of Utz Brands in a research note on Monday, April 13th. They issued a “buy” rating and a $10.00 price target on the stock. TD Cowen cut their price objective on shares of Utz Brands from $11.00 to $9.00 and set a “hold” rating on the stock in a research report on Monday, April 20th. Royal Bank Of Canada set a $15.00 price objective on shares of Utz Brands in a research note on Thursday, April 9th. Finally, Barclays decreased their target price on shares of Utz Brands from $12.00 to $10.00 and set an “overweight” rating for the company in a report on Tuesday, April 14th.

Institutional Trading of Utz Brands

Several institutional investors have recently added to or reduced their stakes in UTZ. NewEdge Advisors LLC bought a new stake in shares of Utz Brands in the 2nd quarter worth $25,000. Aster Capital Management DIFC Ltd lifted its holdings in shares of Utz Brands by 194.8% during the third quarter. Aster Capital Management DIFC Ltd now owns 2,618 shares of the company’s stock valued at $32,000 after purchasing an additional 1,730 shares in the last quarter. Global Retirement Partners LLC lifted its holdings in shares of Utz Brands by 431.5% during the fourth quarter. Global Retirement Partners LLC now owns 3,343 shares of the company’s stock valued at $35,000 after purchasing an additional 2,714 shares in the last quarter. Farther Finance Advisors LLC boosted its position in shares of Utz Brands by 118.5% during the fourth quarter. Farther Finance Advisors LLC now owns 4,356 shares of the company’s stock valued at $45,000 after buying an additional 2,362 shares during the last quarter. Finally, Versant Capital Management Inc boosted its position in shares of Utz Brands by 363.5% during the second quarter. Versant Capital Management Inc now owns 6,086 shares of the company’s stock valued at $47,000 after buying an additional 4,773 shares during the last quarter. 95.97% of the stock is currently owned by hedge funds and other institutional investors.

Key Utz Brands News

Here are the key news stories impacting Utz Brands this week:

• Negative Sentiment: The FDA’s Class I designation is the most serious recall category, increasing concern about food safety and potential reputational damage for Utz Brands. Utz Potato Chip Recall Receives FDA’s Highest Risk Level Due to Possible Salmonella Contamination
• Negative Sentiment: Multiple reports confirm the recall was upgraded to the highest-risk level, keeping the issue in focus for investors and potentially weighing on the stock. Utz potato chip recall reaches highest risk level for salmonella: FDA
• Negative Sentiment: The recall spans well-known snack brands tied to Utz, including Zapp’s and Dirty chips, suggesting the issue may affect a broader portion of the company’s portfolio. Citing salmonella risk, FDA issues highest recall alert for some Zapp’s, Dirty chips

Utz Brands Stock Performance

Shares of UTZ opened at $8.26 on Friday. The company has a quick ratio of 0.75, a current ratio of 1.14 and a debt-to-equity ratio of 0.62. The business’s 50 day moving average price is $7.42 and its 200-day moving average price is $8.58. Utz Brands has a 52 week low of $6.78 and a 52 week high of $14.67. The stock has a market cap of $1.19 billion, a P/E ratio of -82.54, a P/E/G ratio of 2.99 and a beta of 0.82.

Utz Brands (NYSE:UTZ) last posted its quarterly earnings data on Wednesday, May 6th. The company reported $0.15 earnings per share for the quarter, beating analysts’ consensus estimates of $0.14 by $0.01. The company had revenue of $361.30 million during the quarter, compared to analyst estimates of $361.76 million. Utz Brands had a positive return on equity of 8.61% and a negative net margin of 0.58%.The firm’s revenue for the quarter was up 2.6% on a year-over-year basis. During the same quarter last year, the company earned $0.16 EPS. Utz Brands has set its FY 2026 guidance at 0.771-0.795 EPS. Equities research analysts anticipate that Utz Brands will post 0.78 earnings per share for the current fiscal year.

Utz Brands Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, July 2nd. Investors of record on Monday, June 22nd were given a dividend of $0.063 per share. The ex-dividend date of this dividend was Monday, June 22nd. This represents a $0.25 annualized dividend and a dividend yield of 3.1%. Utz Brands’s dividend payout ratio (DPR) is -250.00%.

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.