King Luther Capital Management Corp Lowers Holdings in Utz Brands, Inc. $UTZ

King Luther Capital Management Corp trimmed its holdings in Utz Brands, Inc. (NYSE:UTZ) by 53.0% during the 4th quarter, Holdings Channel.com reports. The firm owned 135,980 shares of the company’s stock after selling 153,214 shares during the period. King Luther Capital Management Corp’s holdings in Utz Brands were worth $1,411,000 as of its most recent filing with the SEC.

Several other hedge funds also recently added to or reduced their stakes in UTZ. NewEdge Advisors LLC purchased a new stake in Utz Brands in the second quarter valued at $25,000. Aster Capital Management DIFC Ltd boosted its holdings in Utz Brands by 194.8% in the third quarter. Aster Capital Management DIFC Ltd now owns 2,618 shares of the company’s stock valued at $32,000 after purchasing an additional 1,730 shares during the last quarter. Global Retirement Partners LLC raised its position in shares of Utz Brands by 431.5% in the fourth quarter. Global Retirement Partners LLC now owns 3,343 shares of the company’s stock worth $35,000 after acquiring an additional 2,714 shares during the period. Farther Finance Advisors LLC raised its position in shares of Utz Brands by 118.5% in the fourth quarter. Farther Finance Advisors LLC now owns 4,356 shares of the company’s stock worth $45,000 after acquiring an additional 2,362 shares during the period. Finally, Osaic Holdings Inc. raised its position in shares of Utz Brands by 76.1% in the second quarter. Osaic Holdings Inc. now owns 3,756 shares of the company’s stock worth $47,000 after acquiring an additional 1,623 shares during the period. 95.97% of the stock is owned by hedge funds and other institutional investors.

Utz Brands Stock Down 2.2%

UTZ opened at $7.33 on Friday. Utz Brands, Inc. has a twelve month low of $6.92 and a twelve month high of $14.67. 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 price of $7.60 and a 200 day moving average price of $9.02. The company has a market cap of $1.06 billion, a PE ratio of -73.32, a price-to-earnings-growth ratio of 2.74 and a beta of 0.87.

Utz Brands (NYSE:UTZ) last released its quarterly earnings results on Wednesday, May 6th. The company reported $0.15 earnings per share for the quarter, topping the consensus estimate 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 firm had revenue of $361.30 million during the quarter, compared to the consensus estimate of $361.77 million. During the same quarter in the prior year, the firm earned $0.16 EPS. The company’s revenue for the quarter was up 2.6% on a year-over-year basis. Utz Brands has set its FY 2026 guidance at 0.771-0.795 EPS. Sell-side analysts expect that Utz Brands, Inc. will post 0.78 earnings per share for the current fiscal year.

Utz Brands Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Thursday, April 23rd. Investors of record on Monday, April 13th were given a dividend of $0.063 per share. This represents a $0.25 annualized dividend and a dividend yield of 3.4%. The ex-dividend date was Monday, April 13th. Utz Brands’s dividend payout ratio is -250.00%.

Wall Street Analyst Weigh In

UTZ has been the subject of a number of analyst reports. 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 report on Tuesday, April 7th. Mizuho set a $14.00 price objective on shares of Utz Brands in a research report on Monday, February 23rd. Royal Bank Of Canada set a $15.00 price objective on shares of Utz Brands in a research report on Thursday, April 9th. Zacks Research upgraded shares of Utz Brands from a “strong sell” rating to a “hold” rating in a research report on Monday, April 20th. Finally, BTIG Research initiated coverage on shares of Utz Brands in a research report on Monday, April 13th. They issued a “buy” rating and a $10.00 price objective for the company. Four research analysts have rated the stock with a Buy rating, three have assigned a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat.com, Utz Brands currently has an average rating of “Hold” and a consensus target price of $12.06.

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.