287,500 Shares in Utz Brands, Inc. $UTZ Purchased by Systematic Financial Management LP

Systematic Financial Management LP bought a new position in Utz Brands, Inc. (NYSE:UTZ) during the fourth quarter, Holdings Channel reports. The firm bought 287,500 shares of the company’s stock, valued at approximately $2,984,000.

A number of other institutional investors and hedge funds also recently made changes to their positions in UTZ. Balyasny Asset Management L.P. raised its holdings in shares of Utz Brands by 42.3% in the 2nd quarter. Balyasny Asset Management L.P. now owns 2,946,512 shares of the company’s stock worth $36,979,000 after acquiring an additional 875,847 shares during the last quarter. Goldman Sachs Group Inc. raised its holdings in shares of Utz Brands by 40.8% in 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 last quarter. UBS Group AG raised its holdings in shares of Utz Brands by 39.7% in the 3rd quarter. UBS Group AG now owns 1,702,641 shares of the company’s stock worth $20,687,000 after acquiring an additional 483,638 shares during the last quarter. Ameriprise Financial Inc. raised its holdings in shares of Utz Brands by 7.3% in the 2nd quarter. Ameriprise Financial Inc. now owns 6,085,250 shares of the company’s stock worth $76,370,000 after acquiring an additional 413,493 shares during the last quarter. Finally, Copeland Capital Management LLC raised its holdings in shares of Utz Brands by 10.2% in the 4th quarter. Copeland Capital Management LLC now owns 3,449,862 shares of the company’s stock worth $35,810,000 after acquiring an additional 318,763 shares during the last quarter. Institutional investors and hedge funds own 95.97% of the company’s stock.

Analyst Ratings Changes

Several equities research analysts have commented on the stock. UBS Group decreased their price objective on shares of Utz Brands from $10.00 to $8.50 and set a “neutral” rating for the company in a research note on Tuesday, April 7th. Royal Bank Of Canada set a $15.00 price objective on shares of Utz Brands in a research note on Thursday, April 9th. TD Cowen decreased their price objective on shares of Utz Brands from $11.00 to $9.00 and set a “hold” rating for the company in a research note on Monday, April 20th. Zacks Research upgraded shares of Utz Brands from a “strong sell” rating to a “hold” rating in a research note on Monday, April 20th. Finally, Barclays decreased 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 note on Tuesday, April 14th. Four research analysts have rated the stock with a Buy rating, three have assigned a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus price target of $12.06.

Utz Brands Trading Up 0.2%

Shares of UTZ stock opened at $7.79 on Monday. Utz Brands, Inc. has a 12-month low of $6.92 and a 12-month high of $14.67. The firm has a market cap of $1.12 billion, a P/E ratio of -77.86, a PEG ratio of 2.83 and a beta of 0.87. 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 company has a 50 day moving average of $7.61 and a 200-day moving average of $9.10.

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 analysts’ consensus estimates of $0.14 by $0.01. Utz Brands had a negative net margin of 0.58% and a positive return on equity of 8.61%. The business had revenue of $361.30 million during the quarter, compared to analyst estimates of $361.77 million. During the same period in the previous year, the business earned $0.16 EPS. Utz Brands’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. Sell-side analysts anticipate that Utz Brands, Inc. will post 0.78 earnings per share for the current year.

Utz Brands Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, April 23rd. Investors of record on Monday, April 13th were given a $0.063 dividend. This represents a $0.25 dividend on an annualized basis and a dividend yield of 3.2%. The ex-dividend date was Monday, April 13th. Utz Brands’s dividend payout ratio (DPR) is -250.00%.

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.