Utz Brands, Inc. $UTZ Position Decreased by Inspire Investing LLC

Inspire Investing LLC lessened its stake in Utz Brands, Inc. (NYSE:UTZ) by 49.5% in the 3rd quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 44,564 shares of the company’s stock after selling 43,688 shares during the quarter. Inspire Investing LLC’s holdings in Utz Brands were worth $635,000 at the end of the most recent reporting period.

Several other institutional investors have also modified their holdings of the stock. Diamond Hill Capital Management LLC Investment Advisor acquired a new stake in Utz Brands during the second quarter worth about $14,462,000. Copeland Capital Management LLC raised its position in shares of Utz Brands by 17.8% during the 1st quarter. Copeland Capital Management LLC now owns 4,063,561 shares of the company’s stock valued at $32,183,000 after buying an additional 613,699 shares during the period. Systematic Financial Management LP grew its position in Utz Brands by 195.5% in the first quarter. Systematic Financial Management LP now owns 849,461 shares of the company’s stock worth $6,728,000 after acquiring an additional 561,961 shares during the period. Royal Bank of Canada increased its stake in Utz Brands by 61.4% during the first quarter. Royal Bank of Canada now owns 937,060 shares of the company’s stock worth $7,421,000 after acquiring an additional 356,428 shares during the last quarter. Finally, Dimensional Fund Advisors LP lifted its position in Utz Brands by 21.6% in the first quarter. Dimensional Fund Advisors LP now owns 1,998,089 shares of the company’s stock valued at $15,824,000 after buying an additional 355,460 shares during the last quarter. Hedge funds and other institutional investors own 95.97% of the company’s stock.

Utz Brands Price Performance

Utz Brands stock opened at $14.29 on Friday. The company has a current ratio of 1.06, a quick ratio of 0.69 and a debt-to-equity ratio of 0.62. The company has a fifty day simple moving average of $14.26 and a 200-day simple moving average of $10.39. The stock has a market cap of $2.06 billion, a P/E ratio of -43.31 and a beta of 0.72. Utz Brands, Inc. has a 12-month low of $6.78 and a 12-month high of $14.36.

Utz Brands (NYSE:UTZ) last issued its earnings results on Wednesday, August 5th. The company reported $0.19 earnings per share for the quarter, topping the consensus estimate of $0.18 by $0.01. Utz Brands had a positive return on equity of 8.97% and a negative net margin of 2.00%. The business had revenue of $371.80 million for the quarter, compared to analyst estimates of $374.18 million. During the same quarter last year, the company earned $0.17 EPS. The business’s quarterly revenue was up 1.4% on a year-over-year basis. Equities analysts expect that Utz Brands, Inc. will post 0.80 EPS for the current fiscal year.

Utz Brands Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, October 1st. Shareholders of record on Monday, September 21st were given a dividend of $0.0630 per share. The ex-dividend date of this dividend was Monday, September 21st. This represents a $0.25 annualized dividend and a yield of 1.8%. Utz Brands’s payout ratio is -75.76%.

Wall Street Analyst Weigh In

A number of equities analysts recently weighed in on the stock. Weiss Ratings upgraded shares of Utz Brands from a “sell (d)” rating to a “sell (d+)” rating in a report on Monday, October 12th. Barclays lowered Utz Brands from an “overweight” rating to an “equal weight” rating and set a $14.00 target price on the stock. in a research note on Tuesday, July 21st. DA Davidson downgraded Utz Brands from a “buy” rating to a “neutral” rating and dropped their target price for the company from $15.00 to $14.25 in a research report on Wednesday, July 22nd. BTIG Research cut shares of Utz Brands from a “buy” rating to a “hold” rating in a report on Monday, July 27th. Finally, Stephens set a $14.25 price target on shares of Utz Brands in a research note on Tuesday, July 21st. One analyst has rated the stock with a Buy rating, nine have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat, Utz Brands currently has a consensus rating of “Hold” and an average price target of $13.39.

Utz Brands Profile

Utz Brands, Inc is a U.S.-based snack food company that manufactures, markets and distributes a broad portfolio of branded salty snacks. Its products include potato chips, tortilla chips, pretzels, cheese snacks, pork rinds, popcorn and other snack items sold through grocery stores, mass merchants, club stores, convenience stores and e-commerce channels.

The company’s brand portfolio includes Utz, Zapp’s, Boulder Canyon, On the Border, Golden Flake, Good Health and Hawaiian, among others.