2 weeks Ago By ABMN Staff
American Century Companies Inc. lifted its holdings in Utz Brands, Inc. ( NYSE:UTZ – Free Report ) by 10.
9% during the second quarter, HoldingsChannel.com reports. The firm owned 81,441 shares of the company’s stock after purchasing an additional 7,981 shares during the period.
American Century Companies Inc.’s holdings in Utz Brands were worth $1,355,000 as of its most recent SEC filing. A number of other institutional investors have also made changes to their positions in UTZ.
Fifth Third Bancorp bought a new stake in shares of Utz Brands in the second quarter worth $44,000. SG Americas Securities LLC acquired a new position in Utz Brands during the second quarter worth $103,000. Parallel Advisors LLC increased its holdings in Utz Brands by 11.
6% during the fourth quarter. Parallel Advisors LLC now owns 9,924 shares of the company’s stock worth $161,000 after buying an additional 1,033 shares during the last quarter. Waterloo Capital L.
P. acquired a new position in Utz Brands during the fourth quarter worth $169,000. Finally, Choreo LLC acquired a new position in Utz Brands during the second quarter worth $195,000.
Institutional investors own 95.97% of the company’s stock. Wall Street Analysts Forecast Growth A number of brokerages recently weighed in on UTZ.
Piper Sandler restated an “overweight” rating and set a $22.00 target price on shares of Utz Brands in a report on Wednesday, August 21st. Barclays lowered their target price on shares of Utz Brands from $23.
00 to $19.00 and set an “overweight” rating on the stock in a report on Friday, July 19th. Finally, Needham & Company LLC reiterated a “buy” rating and issued a $22.
00 price objective on shares of Utz Brands in a report on Friday, August 2nd. Three investment analysts have rated the stock with a hold rating and eight have issued a buy rating to the company. Based on data from MarketBeat.
com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $20.36. Utz Brands Stock Performance NYSE UTZ opened at $17.
89 on Monday. The company’s 50 day moving average is $16.82 and its 200-day moving average is $17.
38. The firm has a market cap of $2.52 billion, a P/E ratio of -71.
56, a price-to-earnings-growth ratio of 1.18 and a beta of 1.01.
Utz Brands, Inc. has a 12-month low of $11.17 and a 12-month high of $20.
04. The company has a quick ratio of 1.21, a current ratio of 1.
69 and a debt-to-equity ratio of 0.57. Utz Brands ( NYSE:UTZ – Get Free Report ) last announced its quarterly earnings data on Thursday, August 1st.
The company reported $0.19 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.16 by $0.
03. Utz Brands had a net margin of 0.29% and a return on equity of 6.
79%. The company had revenue of $356.20 million during the quarter, compared to analysts’ expectations of $356.
23 million. During the same quarter in the prior year, the company earned $0.13 EPS.
The firm’s revenue was down 1.8% on a year-over-year basis. Sell-side analysts predict that Utz Brands, Inc.
will post 0.74 earnings per share for the current year. Utz Brands Dividend Announcement The company also recently declared a None dividend, which will be paid on Thursday, October 3rd.
Shareholders of record on Monday, September 16th will be given a dividend of $0.011 per share. The ex-dividend date is Monday, September 16th.
This represents a yield of 1.3%. Utz Brands’s payout ratio is currently -92.
00%. Insider Buying and Selling at Utz Brands In other news, Director Bruce John Lindeman purchased 4,000 shares of the company’s stock in a transaction on Monday, August 5th. The stock was acquired at an average price of $16.
11 per share, with a total value of $64,440.00. Following the transaction, the director now directly owns 42,480 shares of the company’s stock, valued at approximately $684,352.
80. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink . 17.
00% of the stock is currently owned by corporate insiders. About Utz Brands ( Free Report ) 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.
Further Reading Want to see what other hedge funds are holding UTZ? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Utz Brands, Inc. ( NYSE:UTZ – Free Report ).
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