Vanguard Group Inc. Trims Stake in Utz Brands, Inc. $UTZ

Vanguard Group Inc. reduced its stake in Utz Brands, Inc. (NYSE:UTZ) by 6.5% during the third quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 7,427,109 shares of the company’s stock after selling 513,855 shares during the quarter. Vanguard Group Inc. owned approximately 5.25% of Utz Brands worth $90,239,000 at the end of the most recent quarter.

Several other hedge funds have also bought and sold shares of the stock. Royal Bank of Canada raised its stake in shares of Utz Brands by 39.7% in the first quarter. Royal Bank of Canada now owns 248,912 shares of the company’s stock worth $3,504,000 after buying an additional 70,739 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its holdings in Utz Brands by 5.9% in 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. Goldman Sachs Group Inc. raised its stake in Utz Brands by 40.8% during the 1st quarter. Goldman Sachs Group Inc. now owns 2,022,709 shares of the company’s stock worth $28,480,000 after acquiring an additional 585,952 shares during the period. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC lifted its holdings in Utz Brands by 36.4% during the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 196,013 shares of the company’s stock valued at $2,760,000 after purchasing an additional 52,285 shares in the last quarter. Finally, Envestnet Asset Management Inc. boosted its position in shares of Utz Brands by 2.7% in the second quarter. Envestnet Asset Management Inc. now owns 873,070 shares of the company’s stock worth $10,957,000 after purchasing an additional 22,860 shares during the period. Institutional investors own 95.97% of the company’s stock.

Analysts Set New Price Targets

Several brokerages have recently commented on UTZ. DA Davidson set a $15.00 price objective on shares of Utz Brands in a research report on Wednesday, January 14th. Barclays decreased their price target on Utz Brands from $13.00 to $12.00 and set an “overweight” rating on the stock in a report on Friday, February 13th. Weiss Ratings reaffirmed a “sell (d)” rating on shares of Utz Brands in a research note on Monday, December 29th. Bank of America cut their target price on Utz Brands from $15.00 to $14.00 and set a “buy” rating for the company in a research report on Tuesday, January 13th. Finally, Mizuho set a $14.00 price target on Utz Brands in a report on Monday, February 23rd. Four research analysts have rated the stock with a Buy rating, two have given a Hold rating and two have issued a Sell rating to the company. According to data from MarketBeat, the company has an average rating of “Hold” and an average price target of $12.86.

Utz Brands Trading Down 0.2%

Shares of Utz Brands stock opened at $8.62 on Friday. The firm has a market cap of $1.24 billion, a price-to-earnings ratio of 862.86, a PEG ratio of 3.18 and a beta of 0.93. The business has a 50-day moving average price of $10.01 and a 200-day moving average price of $11.00. The company has a quick ratio of 0.82, a current ratio of 1.19 and a debt-to-equity ratio of 0.62. Utz Brands, Inc. has a twelve month low of $8.54 and a twelve month high of $14.67.

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

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.