Tributary Capital Management LLC Acquires 87,162 Shares of Utz Brands, Inc. $UTZ

Tributary Capital Management LLC increased its holdings in shares of Utz Brands, Inc. (NYSE:UTZ) by 10.3% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 931,650 shares of the company’s stock after purchasing an additional 87,162 shares during the quarter. Tributary Capital Management LLC owned 0.65% of Utz Brands worth $9,671,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors have also recently modified their holdings of UTZ. Royal Bank of Canada lifted its holdings in shares of Utz Brands by 39.7% during the first quarter. Royal Bank of Canada now owns 248,912 shares of the company’s stock valued at $3,504,000 after purchasing an additional 70,739 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its holdings in shares of Utz Brands by 5.9% during the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 39,470 shares of the company’s stock valued at $556,000 after purchasing an additional 2,190 shares in the last quarter. Goldman Sachs Group Inc. lifted its holdings in shares of Utz Brands by 40.8% during the first quarter. Goldman Sachs Group Inc. now owns 2,022,709 shares of the company’s stock valued at $28,480,000 after purchasing an additional 585,952 shares in the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC lifted its holdings in shares of 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, Legal & General Group Plc lifted its holdings in shares of Utz Brands by 10.0% during the second quarter. Legal & General Group Plc now owns 77,578 shares of the company’s stock valued at $974,000 after purchasing an additional 7,073 shares in the last quarter. 95.97% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

A number of brokerages have recently issued reports on UTZ. DA Davidson set a $15.00 price target on Utz Brands in a report on Wednesday, January 14th. UBS Group lowered their price target on Utz Brands from $10.00 to $8.50 and set a “neutral” rating on the stock in a report on Tuesday, April 7th. Zacks Research downgraded Utz Brands from a “hold” rating to a “strong sell” rating in a report on Wednesday, January 14th. BTIG Research initiated coverage on Utz Brands in a report on Monday, April 13th. They issued a “buy” rating and a $10.00 target price on the stock. Finally, Piper Sandler lowered their target price on Utz Brands from $15.00 to $13.00 and set an “overweight” rating on the stock in a report on Tuesday, January 13th. Five equities research analysts have rated the stock with a Buy rating, two have given a Hold rating and two have assigned a Sell rating to the company’s stock. According to data from MarketBeat, Utz Brands has an average rating of “Hold” and an average price target of $12.39.

Utz Brands Stock Performance

NYSE:UTZ opened at $7.56 on Friday. The company has a current ratio of 1.19, a quick ratio of 0.82 and a debt-to-equity ratio of 0.62. Utz Brands, Inc. has a 12-month low of $7.11 and a 12-month high of $14.67. The stock has a 50-day moving average price of $8.36 and a 200 day moving average price of $9.84. The stock has a market capitalization of $1.09 billion, a P/E ratio of 756.46, a P/E/G ratio of 2.89 and a beta of 0.98.

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

Utz Brands Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, April 23rd. Investors of record on Monday, April 13th will be given a dividend of $0.063 per share. The ex-dividend date is Monday, April 13th. This represents a $0.25 annualized dividend and a dividend yield of 3.3%. Utz Brands’s dividend payout ratio (DPR) is currently 2,500.00%.

Utz Brands 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.