Harbor Investment Advisory LLC increased its holdings in Utz Brands, Inc. (NYSE: UTZ – Get Rating ) by 83.2% during the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 5,035 shares of the company’s stock after buying an additional 2,286 shares during the quarter. Harbor Investment Advisory LLC’s holdings in Utz Brands were worth $74,000 as of its most recent SEC filing.
Several other institutional investors have also bought and sold shares of the stock. Copeland Capital Management LLC purchased a new stake in shares of Utz Brands during the first quarter valued at approximately $8,480,000. Diversified Trust Co boosted its stake in shares of Utz Brands by 13.7% in the first quarter. Diversified Trust Co now owns 32,150 shares of the company’s stock valued at $475,000 after buying an additional 3,875 shares in the last quarter. Marshall Wace LLP purchased a new stake in shares of Utz Brands during the fourth quarter valued at approximately $9,954,000. Goldman Sachs Group Inc. raised its stake in shares of Utz Brands by 4.9% during the fourth quarter. Goldman Sachs Group Inc. now owns 3,221,562 shares of the company’s stock valued at $51,383,000 after buying an additional 150,603 shares during the last quarter. Finally, Summit Global Investments acquired a new position in Utz Brands during the fourth quarter valued at $506,000. The hedge fund and other institutional investors owned 44.28% of the company’s stock.
Several brokerages recently issued reports on UTZ. Credit Suisse Group downgraded Utz Brands from an “outperform” rating to a “neutral” rating and cut their target price for the stock from $20.00 to $16.50 in a report on Tuesday, April 12th. Goldman Sachs Group upgraded Utz Brands from a “neutral” rating to a “buy” rating and set a $16.00 target price for the company in a report on Thursday, June 16th. Four equities research analysts have rated the stock with a hold rating and two have issued a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and an average target price of $18.42, based on data from MarketBeat.
NYSE UTZ opened at $14.55 on Monday. Utz Brands, Inc. has a fifty-two week low of $12.06 and a fifty-two week high of $23.79. The stock has a market cap of $2.04 billion, a price-to-earnings ratio of 50.17, a price-to-earnings-growth ratio of 4.72 and a beta of 0.61. The business has a fifty day moving average of $13.60 and a 200 day moving average of $14.88. The company has a quick ratio of 1.02, a current ratio of 1.53 and a debt-to-equity ratio of 0.61.
Utz Brands (NYSE:UTZ – Get Rating ) last posted its quarterly earnings results on Thursday, May 12th. The company reported $0.11 earnings per share for the quarter, topping analysts’ consensus estimates of $0.09 by $0.02. Utz Brands had a return on equity of 5.20% and a net margin of 2.04%. The company had revenue of $340.80 million during the quarter, compared to analysts’ expectations of $311.08 million. During the same period in the prior year, the firm reported $0.13 earnings per share. The business’s revenue for the quarter was up 26.6% compared to the same quarter last year. As a group, analysts expect that Utz Brands, Inc. will post 0.5 EPS for the current year.
The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, July 7th. Shareholders of record on Monday, June 20th will be given a $0.054 dividend. This represents an annualized dividend of $0.22 and a dividend yield of 1.48%. The ex-dividend date is Thursday, June 16th. Utz Brands’s dividend payout ratio is currently 75.86%.
In other Utz Brands news, COO Cary Devore acquired 4,000 shares of the stock in a transaction dated Friday, May 20th. The shares were acquired at an average price of $12.68 per share, for a total value of $50,720.00. Following the completion of the transaction, the chief operating officer now directly owns 278,573 shares in the company, valued at $3,532,305.64. The purchase was disclosed in a document filed with the SEC, which is available through the SEC’s website. 17.32% of shares are owned by insiders.
About Utz brands (Get Rating)
Utz Brands, Inc operates as a snack food company. Offers a variety of savory snacks including potato chips, kettle chips, tortilla chips, pretzels, cheese snacks, veggie snacks, pork rinds, pub/party mixes, salsa and queso, ready-to-eat popcorn and other snacks under Utz, Zapp’s , ON THE BORDER, Golden Flake, Good Health, Boulder Canyon, Hawaiian, TGIF, TORTIYAHS! and other brands.
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