Utz Brands (NYSE:UTZ) Reaches New 52-Week Low – Should You Sell?

Utz Brands, Inc. (NYSE:UTZ) shares reached a new 52-week low on Friday . The company traded as low as $13.34 and last traded at $13.36, with a volume of 748253 shares. The stock had previously closed at $13.89.

Analyst Upgrades and Downgrades

A number of equities research analysts have weighed in on UTZ shares. TD Cowen decreased their price target on shares of Utz Brands from $21.00 to $17.00 and set a “buy” rating on the stock in a research note on Wednesday, January 8th. Barclays decreased their price target on shares of Utz Brands from $19.00 to $17.00 and set an “overweight” rating on the stock in a research note on Friday, January 17th. Mizuho decreased their price target on shares of Utz Brands from $24.00 to $21.00 and set an “outperform” rating on the stock in a research note on Monday, November 4th. Finally, Piper Sandler reduced their target price on shares of Utz Brands from $24.00 to $20.00 and set an “overweight” rating on the stock in a research note on Thursday, January 16th. Two analysts have rated the stock with a hold rating and eight have given a buy rating to the stock. According to data from MarketBeat.com, Utz Brands has a consensus rating of “Moderate Buy” and an average target price of $20.20.

Utz Brands Trading Down 4.9 %

The company’s 50-day moving average is $15.77 and its 200-day moving average is $16.44. The company has a debt-to-equity ratio of 0.56, a quick ratio of 0.85 and a current ratio of 1.21. The firm has a market cap of $1.86 billion, a price-to-earnings ratio of -69.56, a P/E/G ratio of 0.87 and a beta of 1.03.

Utz Brands (NYSE:UTZ) last issued its quarterly earnings data on Thursday, October 31st. The company reported $0.21 EPS for the quarter, topping analysts’ consensus estimates of $0.20 by $0.01. Utz Brands had a negative net margin of 0.99% and a positive return on equity of 7.25%. The firm had revenue of $365.50 million for the quarter, compared to analyst estimates of $363.98 million. During the same quarter in the prior year, the firm earned $0.17 EPS. The company’s revenue was down 1.7% on a year-over-year basis. On average, research analysts predict that Utz Brands, Inc. will post 0.74 earnings per share for the current year.

Utz Brands Increases Dividend

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

Insider Buying and Selling at Utz Brands

In other Utz Brands news, EVP Cary Devore sold 30,000 shares of the company’s stock in a transaction dated Monday, November 4th. The shares were sold at an average price of $17.32, for a total transaction of $519,600.00. Following the transaction, the executive vice president now directly owns 451,117 shares in the company, valued at approximately $7,813,346.44. This represents a 6.24 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, insider Cc Collier Holdings, Llc sold 2,815,404 shares of the stock in a transaction that occurred on Wednesday, November 6th. The shares were sold at an average price of $17.29, for a total transaction of $48,678,335.16. Following the completion of the sale, the insider now owns 496,038 shares in the company, valued at $8,576,497.02. This represents a 85.02 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Corporate insiders own 17.00% of the company’s stock.

Institutional Trading of Utz Brands

Hedge funds have recently modified their holdings of the company. Canada Pension Plan Investment Board acquired a new stake in Utz Brands during the 2nd quarter worth approximately $80,000. nVerses Capital LLC acquired a new stake in Utz Brands during the 3rd quarter worth approximately $142,000. Moody National Bank Trust Division acquired a new stake in Utz Brands during the 4th quarter worth approximately $169,000. XTX Topco Ltd bought a new position in shares of Utz Brands during the 2nd quarter worth approximately $185,000. Finally, Ballentine Partners LLC bought a new position in shares of Utz Brands during the 4th quarter worth approximately $220,000. 95.97% of the stock is currently owned by institutional investors and hedge funds.

Utz Brands Company Profile

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.