Utz Brands, Inc. (UTZ) To Go Ex-Dividend on April 7th

Utz Brands, Inc. (NYSE:UTZ) declared a quarterly dividend on Thursday, March 27th, RTT News reports. Shareholders of record on Monday, April 7th will be given a dividend of 0.011 per share on Thursday, April 24th. This represents a $0.04 annualized dividend and a yield of 0.31%. The ex-dividend date is Monday, April 7th.

Utz Brands has increased its dividend payment by an average of 5.3% per year over the last three years. Utz Brands has a dividend payout ratio of 25.3% indicating that its dividend is sufficiently covered by earnings. Research analysts expect Utz Brands to earn $0.92 per share next year, which means the company should continue to be able to cover its $0.24 annual dividend with an expected future payout ratio of 26.1%.

Utz Brands Stock Down 0.1 %

Shares of Utz Brands stock opened at $14.11 on Friday. Utz Brands has a 12-month low of $12.71 and a 12-month high of $20.04. The firm has a market capitalization of $1.99 billion, a PE ratio of 78.36, a price-to-earnings-growth ratio of 0.86 and a beta of 1.05. The company has a quick ratio of 0.85, a current ratio of 1.21 and a debt-to-equity ratio of 0.56. The stock’s fifty day moving average is $13.66 and its 200-day moving average is $15.62.

Utz Brands (NYSE:UTZ) last posted its quarterly earnings data on Thursday, February 20th. The company reported $0.22 EPS for the quarter, beating analysts’ consensus estimates of $0.19 by $0.03. The company had revenue of $341.05 million during the quarter, compared to analyst estimates of $349.93 million. Utz Brands had a net margin of 1.13% and a return on equity of 7.92%. During the same period in the prior year, the firm earned $0.16 earnings per share. Equities analysts anticipate that Utz Brands will post 0.85 earnings per share for the current year.

Insider Activity

In related news, CEO Howard A. Friedman bought 3,525 shares of the business’s stock in a transaction on Monday, February 24th. The shares were bought at an average cost of $14.16 per share, for a total transaction of $49,914.00. Following the completion of the acquisition, the chief executive officer now directly owns 265,729 shares in the company, valued at approximately $3,762,722.64. This represents a 1.34 % increase in their ownership of the stock. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Cc Collier Holdings, Llc sold 496,038 shares of the business’s stock in a transaction on Thursday, March 6th. The stock was sold at an average price of $13.40, for a total transaction of $6,646,909.20. The disclosure for this sale can be found here. 17.00% of the stock is owned by corporate insiders.

Wall Street Analyst Weigh In

Several equities analysts have weighed in on UTZ shares. Barclays lowered their price objective on shares of Utz Brands from $19.00 to $17.00 and set an “overweight” rating on the stock in a research report on Friday, January 17th. TD Cowen lowered their price target on Utz Brands from $21.00 to $17.00 and set a “buy” rating on the stock in a report on Wednesday, January 8th. Mizuho reduced their price objective on Utz Brands from $21.00 to $19.00 and set an “outperform” rating for the company in a research note on Monday, February 10th. Piper Sandler lowered their target price on Utz Brands from $24.00 to $20.00 and set an “overweight” rating on the stock in a research note on Thursday, January 16th. Finally, Royal Bank of Canada reduced their price target on shares of Utz Brands from $23.00 to $20.00 and set an “outperform” rating for the company in a research report on Monday, February 24th. One investment analyst has rated the stock with a hold rating and seven have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $19.25.

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.