43,688 Utz Brands, Inc. $UTZ Shares Sold by Inspire Investing LLC

Inspire Investing LLC cut its holdings in Utz Brands, Inc. (NYSE:UTZ) by 49.5% in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm 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 as of its most recent SEC filing.

Several other large investors have also modified their holdings of UTZ. Copeland Capital Management LLC boosted its stake in shares of Utz Brands by 17.8% during the first 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. Bank of America Corp DE lifted its holdings in Utz Brands by 26.7% during the first quarter. Bank of America Corp DE now owns 796,586 shares of the company’s stock worth $6,309,000 after buying an additional 167,958 shares during the period. Systematic Financial Management LP increased its holdings in shares of Utz Brands by 195.5% in the 1st quarter. Systematic Financial Management LP now owns 849,461 shares of the company’s stock valued at $6,728,000 after acquiring an additional 561,961 shares during the period. Ancora Advisors LLC purchased a new position in shares of Utz Brands in the 2nd quarter valued at $1,068,000. Finally, Royal Bank of Canada lifted its stake in shares of Utz Brands by 61.4% during the 1st quarter. Royal Bank of Canada now owns 937,060 shares of the company’s stock worth $7,421,000 after purchasing an additional 356,428 shares during the last quarter. Institutional investors own 95.97% of the company’s stock.

Utz Brands Trading Up 0.0%

UTZ stock opened at $14.29 on Friday. Utz Brands, Inc. has a 52-week low of $6.78 and a 52-week high of $14.36. The company has a quick ratio of 0.69, a current ratio of 1.06 and a debt-to-equity ratio of 0.62. The firm has a market cap of $2.06 billion, a P/E ratio of -43.31 and a beta of 0.72. The company’s 50-day simple moving average is $14.26 and its 200-day simple moving average is $10.39.

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

Utz Brands Dividend Announcement

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

Wall Street Analysts Forecast Growth

A number of brokerages have recently issued reports on UTZ. Jefferies Financial Group downgraded shares of Utz Brands from a “strong-buy” rating to a “hold” rating and set a $14.25 price objective on the stock. in a research report on Tuesday, July 21st. Stephens set a $14.25 price objective on shares of Utz Brands in a report on Tuesday, July 21st. Barclays cut shares of Utz Brands from an “overweight” rating to an “equal weight” rating and set a $14.00 target price for the company. in a research note on Tuesday, July 21st. BTIG Research lowered shares of Utz Brands from a “buy” rating to a “hold” rating in a research note on Monday, July 27th. Finally, Wall Street Zen lowered shares of Utz Brands from a “hold” rating to a “sell” rating in a report on Saturday, July 25th. One investment analyst has rated the stock with a Buy rating, nine have assigned a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat, the company presently has an average rating of “Hold” and a consensus target price of $13.39.

About Utz Brands

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.