Utz Brands, Inc. (NYSE:UTZ) Given Consensus Rating of “Moderate Buy” by Brokerages

Shares of Utz Brands, Inc. (NYSE:UTZ) have been given an average rating of “Moderate Buy” by the ten ratings firms that are covering the company, Marketbeat Ratings reports. Two research analysts have rated the stock with a hold rating and eight have given a buy rating to the company. The average twelve-month price objective among brokerages that have issued a report on the stock in the last year is $20.00.

A number of research firms recently commented on UTZ. Barclays dropped their price target on Utz Brands from $19.00 to $17.00 and set an “overweight” rating for the company in a research note on Friday, January 17th. Piper Sandler dropped their target price on shares of Utz Brands from $24.00 to $20.00 and set an “overweight” rating for the company in a research report on Thursday, January 16th. TD Cowen cut their price target on shares of Utz Brands from $21.00 to $17.00 and set a “buy” rating for the company in a report on Wednesday, January 8th. Finally, 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 research note on Monday, February 10th.

Institutional Investors Weigh In On Utz Brands

Several hedge funds have recently modified their holdings of the company. Newton One Investments LLC bought a new position in Utz Brands in the fourth quarter valued at about $26,000. Venturi Wealth Management LLC acquired a new position in shares of Utz Brands in the fourth quarter valued at approximately $54,000. Tower Research Capital LLC TRC raised its holdings in Utz Brands by 112.7% in the 4th quarter. Tower Research Capital LLC TRC now owns 7,697 shares of the company’s stock valued at $121,000 after buying an additional 4,078 shares during the last quarter. nVerses Capital LLC acquired a new stake in Utz Brands during the 3rd quarter worth approximately $142,000. Finally, Moody National Bank Trust Division bought a new stake in Utz Brands during the 4th quarter worth approximately $169,000. Institutional investors and hedge funds own 95.97% of the company’s stock.

Utz Brands Price Performance

Shares of NYSE UTZ opened at $13.47 on Thursday. The business has a fifty day moving average price of $14.49 and a two-hundred day moving average price of $16.23. The stock has a market capitalization of $1.90 billion, a PE ratio of -70.87, a P/E/G ratio of 0.86 and a beta of 1.01. The company has a debt-to-equity ratio of 0.56, a current ratio of 1.21 and a quick ratio of 0.85. Utz Brands has a fifty-two week low of $12.71 and a fifty-two week high of $20.04.

Utz Brands Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, January 2nd. Stockholders of record on Monday, December 16th were issued a dividend of $0.061 per share. The ex-dividend date was Monday, December 16th. This is an increase from Utz Brands’s previous quarterly dividend of $0.06. This represents a $0.24 annualized dividend and a dividend yield of 1.81%. Utz Brands’s dividend payout ratio is -126.32%.

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.