Utz Brands, Inc. (NYSE:UTZ) Director Dylan Lissette Sells 10,003 Shares

Utz Brands, Inc. (NYSE:UTZ) Director Dylan Lissette sold 10,003 shares of the company’s stock in a transaction dated Tuesday, May 7th. The stock was sold at an average price of $19.11, for a total transaction of $191,157.33. Following the completion of the transaction, the director now owns 118,222 shares in the company, valued at $2,259,222.42. The sale was disclosed in a filing with the SEC, which is available through this link.

Utz Brands Stock Down 1.5 %

Shares of UTZ stock traded down $0.28 during trading hours on Tuesday, reaching $18.98. 754,793 shares of the company’s stock were exchanged, compared to its average volume of 822,483. The stock has a market cap of $2.67 billion, a PE ratio of -75.92, a PEG ratio of 1.32 and a beta of 0.97. The company has a current ratio of 1.40, a quick ratio of 0.95 and a debt-to-equity ratio of 0.54. The stock’s fifty day moving average price is $18.02 and its two-hundred day moving average price is $16.28. Utz Brands, Inc. has a 1 year low of $11.17 and a 1 year high of $20.04.

Utz Brands (NYSE:UTZ) last posted its quarterly earnings results on Thursday, May 2nd. The company reported $0.14 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.13 by $0.01. The business had revenue of $346.50 million during the quarter, compared to analysts’ expectations of $346.99 million. Utz Brands had a negative net margin of 1.38% and a positive return on equity of 6.16%. The business’s quarterly revenue was down 1.4% on a year-over-year basis. During the same quarter last year, the company posted $0.11 earnings per share. Research analysts predict that Utz Brands, Inc. will post 0.72 EPS for the current year.

Utz Brands Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, May 2nd. Stockholders of record on Monday, April 15th were paid a $0.059 dividend. This represents a $0.24 annualized dividend and a dividend yield of 1.24%. This is a boost from Utz Brands’s previous quarterly dividend of $0.06. The ex-dividend date was Friday, April 12th. Utz Brands’s dividend payout ratio (DPR) is presently -96.00%.

Institutional Investors Weigh In On Utz Brands

Large investors have recently bought and sold shares of the company. SRS Capital Advisors Inc. lifted its stake in Utz Brands by 120.2% during the 4th quarter. SRS Capital Advisors Inc. now owns 3,464 shares of the company’s stock valued at $56,000 after acquiring an additional 1,891 shares during the period. Delta Asset Management LLC TN boosted its holdings in Utz Brands by 100.0% in the fourth quarter. Delta Asset Management LLC TN now owns 5,000 shares of the company’s stock valued at $81,000 after purchasing an additional 2,500 shares during the last quarter. International Assets Investment Management LLC grew its position in Utz Brands by 1,428.8% during the 4th quarter. International Assets Investment Management LLC now owns 5,473 shares of the company’s stock worth $89,000 after purchasing an additional 5,115 shares during the period. Sherbrooke Park Advisers LLC purchased a new position in shares of Utz Brands during the 3rd quarter valued at about $136,000. Finally, Parallel Advisors LLC lifted its holdings in shares of Utz Brands by 11.6% in the 4th quarter. Parallel Advisors LLC now owns 9,924 shares of the company’s stock valued at $161,000 after buying an additional 1,033 shares during the period. Hedge funds and other institutional investors own 95.97% of the company’s stock.

Analysts Set New Price Targets

Several research analysts have commented on UTZ shares. DA Davidson started coverage on Utz Brands in a report on Friday, March 1st. They set a “neutral” rating and a $20.00 price objective on the stock. Truist Financial increased their target price on shares of Utz Brands from $13.00 to $17.00 and gave the stock a “hold” rating in a report on Monday, March 4th. Needham & Company LLC boosted their price target on shares of Utz Brands from $20.50 to $22.00 and gave the company a “buy” rating in a report on Friday. Royal Bank of Canada lifted their price target on Utz Brands from $19.00 to $23.00 and gave the company an “outperform” rating in a report on Friday. Finally, Mizuho upped their price objective on Utz Brands from $22.00 to $24.00 and gave the stock a “buy” rating in a research note on Friday. Three analysts have rated the stock with a hold rating and nine have issued a buy rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $20.42.

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.