Utz Brands (UTZ) Projected to Post Quarterly Earnings on Thursday

Utz Brands (NYSE:UTZ) is projected to announce its earnings results before the market opens on Thursday, February 20th. Analysts expect the company to announce earnings of $0.19 per share and revenue of $349.93 million for the quarter. Investors that are interested in registering for the company’s conference call can do so using this link.

Utz Brands Stock Performance

NYSE:UTZ opened at $13.16 on Wednesday. The company has a debt-to-equity ratio of 0.56, a current ratio of 1.21 and a quick ratio of 0.85. The firm has a market capitalization of $1.85 billion, a price-to-earnings ratio of -69.25, a PEG ratio of 0.87 and a beta of 1.01. The company’s 50-day moving average is $14.56 and its two-hundred day moving average is $16.25. Utz Brands has a 1-year low of $12.71 and a 1-year high of $20.04.

Utz Brands Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, January 2nd. Shareholders of record on Monday, December 16th were issued a $0.061 dividend. This represents a $0.24 annualized dividend and a yield of 1.85%. This is a positive change from Utz Brands’s previous quarterly dividend of $0.06. The ex-dividend date was Monday, December 16th. Utz Brands’s payout ratio is presently -126.32%.

Analysts Set New Price Targets

Several brokerages have recently commented on UTZ. Piper Sandler decreased their price objective on shares of Utz Brands from $24.00 to $20.00 and set an “overweight” rating on the stock in a report on Thursday, January 16th. Barclays decreased their price objective on shares of Utz Brands from $19.00 to $17.00 and set an “overweight” rating on the stock in a report on Friday, January 17th. Mizuho decreased their price objective on shares of Utz Brands from $21.00 to $19.00 and set an “outperform” rating on the stock in a report on Monday, February 10th. Finally, TD Cowen decreased their price objective on shares of Utz Brands from $21.00 to $17.00 and set a “buy” rating on the stock in a report on Wednesday, January 8th. Two investment analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $20.00.

About Utz Brands

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.