TD Cowen Cuts Utz Brands (NYSE:UTZ) Price Target to $9.00
by Jessica Moore · The Cerbat GemUtz Brands (NYSE:UTZ – Free Report) had its target price reduced by TD Cowen from $11.00 to $9.00 in a report released on Monday morning, Marketbeat Ratings reports. They currently have a hold rating on the stock.
A number of other research analysts also recently issued reports on UTZ. Barclays decreased their price target on shares of Utz Brands from $12.00 to $10.00 and set an “overweight” rating for the company in a research note on Tuesday, April 14th. Zacks Research downgraded shares of Utz Brands from a “hold” rating to a “strong sell” rating in a research note on Wednesday, January 14th. Royal Bank Of Canada set a $15.00 price target on shares of Utz Brands in a research note on Thursday, April 9th. Weiss Ratings reiterated a “sell (d)” rating on shares of Utz Brands in a research note on Friday, March 27th. Finally, Bank of America decreased their price target on shares of Utz Brands from $15.00 to $14.00 and set a “buy” rating for the company in a research note on Tuesday, January 13th. Five research analysts have rated the stock with a Buy rating, three have given a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat, the stock has an average rating of “Hold” and an average target price of $12.06.
Read Our Latest Stock Report on UTZ
Utz Brands Trading Up 0.7%
Shares of UTZ stock opened at $7.61 on Monday. The company has a debt-to-equity ratio of 0.62, a quick ratio of 0.82 and a current ratio of 1.19. The stock has a market capitalization of $1.09 billion, a P/E ratio of 761.26, a price-to-earnings-growth ratio of 2.78 and a beta of 0.98. The company has a 50 day moving average price of $8.15 and a 200 day moving average price of $9.74. Utz Brands has a fifty-two week low of $7.11 and a fifty-two week high of $14.67.
Utz Brands (NYSE:UTZ – Get Free Report) last issued its quarterly earnings results on Thursday, February 12th. The company reported $0.26 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $0.26. Utz Brands had a net margin of 0.06% and a return on equity of 8.57%. The company had revenue of $342.20 million during the quarter, compared to the consensus estimate of $346.99 million. During the same quarter in the previous year, the firm earned $0.22 earnings per share. The firm’s quarterly revenue was up .4% on a year-over-year basis. Utz Brands has set its FY 2026 guidance at 0.771-0.795 EPS. Equities research analysts predict that Utz Brands will post 0.77 EPS for the current fiscal year.
Utz Brands Announces Dividend
The business also recently disclosed a quarterly dividend, which will be paid on Thursday, April 23rd. Stockholders of record on Monday, April 13th will be given a dividend of $0.063 per share. This represents a $0.25 annualized dividend and a dividend yield of 3.3%. The ex-dividend date is Monday, April 13th. Utz Brands’s payout ratio is currently 2,500.00%.
Institutional Trading of Utz Brands
Several institutional investors have recently modified their holdings of UTZ. NewEdge Advisors LLC purchased a new stake in Utz Brands in the 2nd quarter valued at $25,000. Aster Capital Management DIFC Ltd raised its position in Utz Brands by 194.8% in the 3rd quarter. Aster Capital Management DIFC Ltd now owns 2,618 shares of the company’s stock valued at $32,000 after purchasing an additional 1,730 shares during the last quarter. Global Retirement Partners LLC raised its position in Utz Brands by 431.5% in the 4th quarter. Global Retirement Partners LLC now owns 3,343 shares of the company’s stock valued at $35,000 after purchasing an additional 2,714 shares during the last quarter. Osaic Holdings Inc. raised its position in Utz Brands by 76.1% in the 2nd quarter. Osaic Holdings Inc. now owns 3,756 shares of the company’s stock valued at $47,000 after purchasing an additional 1,623 shares during the last quarter. Finally, Farther Finance Advisors LLC raised its position in Utz Brands by 118.5% in the 4th quarter. Farther Finance Advisors LLC now owns 4,356 shares of the company’s stock valued at $45,000 after purchasing an additional 2,362 shares during the last quarter. Hedge funds and other institutional investors own 95.97% of the company’s stock.
About Utz Brands
Utz Brands, Inc is a leading U.S. manufacturer and distributor of salty snack foods, offering a wide range of products including potato chips, pretzels, cheese snacks, popcorn and tortilla chips. Headquartered in Hanover, Pennsylvania, the company markets its snacks under several well-known brands and serves grocery, mass merchandise, club, convenience and online retailers throughout the United States.
Founded in 1921 by Bill and Salie Utz as a small country store operation, the business expanded gradually through direct delivery to local customers and sales to regional grocers.