Insider Buying: Utz Brands (NYSE:UTZ) Major Shareholder Acquires 1,174 Shares of Stock

Utz Brands, Inc. (NYSE:UTZ) major shareholder Series Of Um Partners, Llc purchased 1,174 shares of the firm’s stock in a transaction on Thursday, November 20th. The stock was acquired at an average price of $9.53 per share, for a total transaction of $11,188.22. Following the transaction, the insider owned 616,174 shares of the company’s stock, valued at $5,872,138.22. The trade was a 0.19% increase in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Large shareholders that own more than 10% of a company’s stock are required to disclose their transactions with the SEC.

Utz Brands Price Performance

Shares of NYSE:UTZ traded down $0.32 on Monday, reaching $9.21. 1,523,335 shares of the company traded hands, compared to its average volume of 1,162,151. The stock has a market capitalization of $1.32 billion, a PE ratio of 131.60, a P/E/G ratio of 1.29 and a beta of 1.00. The company has a debt-to-equity ratio of 0.62, a current ratio of 1.22 and a quick ratio of 0.80. The company’s 50 day moving average is $11.58 and its 200-day moving average is $12.66. Utz Brands, Inc. has a fifty-two week low of $9.19 and a fifty-two week high of $17.78.

Utz Brands (NYSE:UTZ) last announced its earnings results on Thursday, October 30th. The company reported $0.23 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $0.23. The company had revenue of $377.80 million for 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%.Utz Brands’s revenue for the quarter was up 3.4% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.21 earnings per share. Utz Brands has set its FY 2025 guidance at 0.824-0.847 EPS. As a group, analysts anticipate that Utz Brands, Inc. will post 0.85 earnings per share for the current fiscal year.

Utz Brands Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Thursday, October 2nd. Shareholders of record on Monday, September 15th were issued a dividend of $0.061 per share. This represents a $0.24 annualized dividend and a yield of 2.6%. The ex-dividend date was Monday, September 15th. Utz Brands’s payout ratio is presently 342.86%.

Institutional Investors Weigh In On Utz Brands

Institutional investors have recently modified their holdings of the stock. Vanguard Group Inc. boosted its position in Utz Brands by 7.2% during the first quarter. Vanguard Group Inc. now owns 7,439,869 shares of the company’s stock valued at $104,753,000 after purchasing an additional 501,374 shares during the last quarter. Bryce Point Capital LLC purchased a new stake in shares of Utz Brands during the 2nd quarter worth about $737,000. Astra Wealth Partners LLC acquired a new stake in shares of Utz Brands during the 2nd quarter valued at about $1,155,000. Ameriprise Financial Inc. grew its stake in shares of Utz Brands by 38.0% in the 1st quarter. Ameriprise Financial Inc. now owns 5,671,757 shares of the company’s stock valued at $79,858,000 after buying an additional 1,560,884 shares in the last quarter. Finally, Natixis Advisors LLC acquired a new position in Utz Brands in the first quarter worth approximately $602,000. Institutional investors and hedge funds own 95.97% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research analysts have commented on UTZ shares. Weiss Ratings reiterated a “sell (d)” rating on shares of Utz Brands in a report on Wednesday. TD Cowen cut their target price on shares of Utz Brands from $14.00 to $12.00 and set a “hold” rating on the stock in a research note on Friday, October 31st. Barclays restated an “overweight” rating and issued a $14.00 target price on shares of Utz Brands in a report on Friday, October 31st. UBS Group lowered their price target on Utz Brands from $13.50 to $11.50 and set a “neutral” rating on the stock in a report on Friday, October 31st. Finally, Mizuho set a $16.00 price objective on Utz Brands in a research note on Monday, November 3rd. Five analysts have rated the stock with a Buy rating, two have issued a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $14.93.

Utz Brands Company Profile

Utz Brands, Inc engages in manufacture, marketing, and distribution of snack foods. It offers a range of salty snacks, including salty snacks, including potato chips, tortilla chips, pretzels, cheese snacks, pork skins, veggie snacks, pub/party mixes, tortilla chips, salsa and dips, ready-to-eat popcorn, and other snacks under the Utz, Zapp’s, ON THE BORDER, Golden Flake, Boulder Canyon, Hawaiian, TORTIYAHS!, etc.