Savoir Faire Capital Management L.P. Invests $3.27 Million in Utz Brands, Inc. $UTZ

Savoir Faire Capital Management L.P. bought a new stake in Utz Brands, Inc. (NYSE:UTZ) in the 3rd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor bought 269,468 shares of the company’s stock, valued at approximately $3,274,000. Savoir Faire Capital Management L.P. owned 0.19% of Utz Brands at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in UTZ. Balyasny Asset Management L.P. increased its position in shares of Utz Brands by 42.3% during the second 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. Tributary Capital Management LLC raised its stake in shares of Utz Brands by 93.2% in the 3rd quarter. Tributary Capital Management LLC now owns 1,688,976 shares of the company’s stock valued at $20,521,000 after purchasing an additional 814,555 shares in the last quarter. Goldman Sachs Group Inc. increased its holdings in Utz Brands by 40.8% in the first quarter. Goldman Sachs Group Inc. now owns 2,022,709 shares of the company’s stock valued at $28,480,000 after buying an additional 585,952 shares during the last quarter. Jennison Associates LLC grew its position in shares of Utz Brands by 31.8% in the 2nd quarter. Jennison Associates LLC now owns 2,004,665 shares of the company’s stock worth $25,159,000 after acquiring an additional 483,906 shares in the last quarter. Finally, Ameriprise Financial Inc. raised its position in shares of Utz Brands by 7.3% during the 2nd quarter. Ameriprise Financial Inc. now owns 6,085,250 shares of the company’s stock valued at $76,370,000 after acquiring an additional 413,493 shares in the last quarter. Hedge funds and other institutional investors own 95.97% of the company’s stock.

Utz Brands Stock Performance

UTZ opened at $10.38 on Monday. The company has a current ratio of 1.22, a quick ratio of 0.80 and a debt-to-equity ratio of 0.62. The business’s 50 day moving average is $10.05 and its 200-day moving average is $11.74. The stock has a market cap of $1.48 billion, a PE ratio of 148.34, a price-to-earnings-growth ratio of 1.37 and a beta of 0.90. Utz Brands, Inc. has a twelve month low of $9.15 and a twelve month high of $14.67.

Utz Brands (NYSE:UTZ) last issued its quarterly earnings data on Thursday, October 30th. The company reported $0.23 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $0.23. The business had revenue of $377.80 million during the quarter, compared to analyst estimates of $374.25 million. Utz Brands had a return on equity of 8.12% and a net margin of 0.39%.The business’s revenue for the quarter was up 3.4% compared to the same quarter last year. During the same period in the prior year, the company posted $0.21 EPS. Utz Brands has set its FY 2025 guidance at 0.824-0.847 EPS. On average, analysts predict that Utz Brands, Inc. will post 0.85 earnings per share for the current year.

Utz Brands Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, January 2nd. Investors of record on Monday, December 15th were paid a dividend of $0.063 per share. This is an increase from Utz Brands’s previous quarterly dividend of $0.06. This represents a $0.25 dividend on an annualized basis and a dividend yield of 2.4%. The ex-dividend date was Monday, December 15th. Utz Brands’s dividend payout ratio (DPR) is presently 357.14%.

Analyst Upgrades and Downgrades

A number of analysts have weighed in on UTZ shares. UBS Group dropped their target price on shares of Utz Brands from $11.50 to $11.00 and set a “neutral” rating on the stock in a report on Wednesday, January 14th. TD Cowen lowered their price objective on shares of Utz Brands from $14.00 to $12.00 and set a “hold” rating for the company in a research report on Friday, October 31st. DA Davidson set a $15.00 price objective on shares of Utz Brands in a research note on Wednesday, January 14th. Weiss Ratings reissued a “sell (d)” rating on shares of Utz Brands in a report on Monday, December 29th. Finally, Piper Sandler decreased their target price on Utz Brands from $15.00 to $13.00 and set an “overweight” rating for the company in a research note on Tuesday, January 13th. Six research analysts have rated the stock with a Buy rating, two have given a Hold rating and two have given a Sell rating to the company. According to MarketBeat.com, the company has an average rating of “Hold” and an average price target of $14.38.

Insider Buying and Selling

In related news, CEO Howard A. Friedman bought 7,200 shares of the firm’s stock in a transaction that occurred on Monday, November 3rd. The stock was purchased at an average price of $10.58 per share, for a total transaction of $76,176.00. Following the transaction, the chief executive officer directly owned 66,298 shares of the company’s stock, valued at approximately $701,432.84. This represents a 12.18% increase in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, major shareholder Series R. Of Um Partners, Llc purchased 12,420 shares of the company’s stock in a transaction on Friday, November 21st. The shares were bought at an average price of $9.60 per share, for a total transaction of $119,232.00. Following the completion of the transaction, the insider directly owned 628,594 shares in the company, valued at $6,034,502.40. This represents a 2.02% increase in their position. Additional details regarding this purchase are available in the official SEC disclosure. Insiders purchased 92,313 shares of company stock valued at $947,055 over the last 90 days. 16.32% of the stock is currently owned by company insiders.

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.