Utz Brands’ (UTZ) “Equal Weight” Rating Reaffirmed at Stephens

Utz Brands (NYSE:UTZ)‘s stock had its “equal weight” rating reaffirmed by analysts at Stephens in a report issued on Tuesday,Benzinga reports.

UTZ has been the topic of several other research reports. BTIG Research began coverage on shares of Utz Brands in a report on Monday, April 13th. They issued a “buy” rating and a $10.00 price target on the stock. Royal Bank Of Canada set a $15.00 price objective on shares of Utz Brands in a research note on Thursday, April 9th. Barclays dropped their price objective on shares of Utz Brands from $12.00 to $10.00 and set an “overweight” rating for the company in a research report on Tuesday, April 14th. Weiss Ratings restated a “sell (d)” rating on shares of Utz Brands in a report on Wednesday, June 24th. Finally, TD Cowen reduced their target price on shares of Utz Brands from $11.00 to $9.00 and set a “hold” rating on the stock in a report on Monday, April 20th. One investment analyst has rated the stock with a Strong Buy rating, four have given a Buy rating, four have assigned a Hold rating and one has given a Sell rating to the company. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $12.22.

Utz Brands Trading Up 89.6%

Shares of Utz Brands stock traded up $6.67 during trading hours on Tuesday, reaching $14.12. The stock had a trading volume of 42,280,320 shares, compared to its average volume of 2,146,232. The firm has a 50 day simple moving average of $7.42 and a two-hundred day simple moving average of $8.35. The firm has a market capitalization of $2.03 billion, a price-to-earnings ratio of -141.13, a P/E/G ratio of 2.63 and a beta of 0.82. The company has a current ratio of 1.14, a quick ratio of 0.75 and a debt-to-equity ratio of 0.62. Utz Brands has a 1 year low of $6.78 and a 1 year high of $14.67.

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

Institutional Investors Weigh In On Utz Brands

Large investors have recently added to or reduced their stakes in the company. Copeland Capital Management LLC raised its stake in shares of Utz Brands by 17.8% in the 1st quarter. Copeland Capital Management LLC now owns 4,063,561 shares of the company’s stock valued at $32,183,000 after purchasing an additional 613,699 shares in the last quarter. First Eagle Investment Management LLC grew its stake in Utz Brands by 22.2% in the fourth quarter. First Eagle Investment Management LLC now owns 886,250 shares of the company’s stock worth $9,199,000 after purchasing an additional 160,720 shares in the last quarter. Jefferies Financial Group Inc. bought a new stake in Utz Brands in the fourth quarter valued at about $2,336,000. Systematic Financial Management LP acquired a new stake in Utz Brands during the fourth quarter valued at approximately $2,984,000. Finally, Diamond Hill Capital Management Inc. raised its stake in Utz Brands by 78.7% during the fourth quarter. Diamond Hill Capital Management Inc. now owns 585,856 shares of the company’s stock valued at $6,081,000 after buying an additional 258,003 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 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.