Utz Brands, Inc. (NYSE:UTZ) Shares Sold by First Bank & Trust

First Bank & Trust trimmed its holdings in shares of Utz Brands, Inc. (NYSE:UTZ) by 6.6% in the 3rd quarter, HoldingsChannel reports. The institutional investor owned 12,660 shares of the company’s stock after selling 894 shares during the period. First Bank & Trust’s holdings in Utz Brands were worth $224,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Picton Mahoney Asset Management purchased a new stake in shares of Utz Brands in the second quarter valued at about $5,422,000. Victory Capital Management Inc. raised its holdings in shares of Utz Brands by 22.0% in the 2nd quarter. Victory Capital Management Inc. now owns 1,238,425 shares of the company’s stock valued at $20,607,000 after purchasing an additional 223,462 shares in the last quarter. Jennison Associates LLC boosted its position in shares of Utz Brands by 15.2% during the 1st quarter. Jennison Associates LLC now owns 1,331,581 shares of the company’s stock worth $24,554,000 after acquiring an additional 175,956 shares in the last quarter. Mercer Global Advisors Inc. ADV purchased a new position in Utz Brands in the second quarter valued at approximately $1,981,000. Finally, Bahl & Gaynor Inc. raised its stake in Utz Brands by 45.1% during the 2nd quarter. Bahl & Gaynor Inc. now owns 239,961 shares of the company’s stock worth $3,993,000 after acquiring an additional 74,633 shares in the last quarter. Hedge funds and other institutional investors own 95.97% of the company’s stock.

Analyst Upgrades and Downgrades

UTZ has been the topic of several research reports. Barclays lowered their price objective on shares of Utz Brands from $23.00 to $19.00 and set an “overweight” rating on the stock in a research report on Friday, July 19th. Needham & Company LLC reiterated a “buy” rating and issued a $22.00 price objective on shares of Utz Brands in a research note on Friday, August 2nd. Finally, Piper Sandler reissued an “overweight” rating and issued a $22.00 target price on shares of Utz Brands in a report on Wednesday, August 21st. Three analysts have rated the stock with a hold rating and seven have given a buy rating to the stock. According to data from MarketBeat, Utz Brands currently has an average rating of “Moderate Buy” and an average target price of $20.90.

Insider Transactions at Utz Brands

In other Utz Brands news, Director Bruce John Lindeman purchased 4,000 shares of the firm’s stock in a transaction that occurred on Monday, August 5th. The stock was purchased at an average cost of $16.11 per share, with a total value of $64,440.00. Following the transaction, the director now owns 42,480 shares in the company, valued at approximately $684,352.80. This trade represents a 0.00 % increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through this link. Company insiders own 17.00% of the company’s stock.

Utz Brands Stock Performance

Utz Brands stock opened at $16.46 on Friday. The company has a current ratio of 1.69, a quick ratio of 1.21 and a debt-to-equity ratio of 0.57. The firm has a market capitalization of $2.32 billion, a P/E ratio of -65.84, a PEG ratio of 1.14 and a beta of 1.01. The stock has a fifty day moving average price of $17.33 and a 200 day moving average price of $17.26. Utz Brands, Inc. has a 52 week low of $11.67 and a 52 week high of $20.04.

Utz Brands (NYSE:UTZ) last released its quarterly earnings data on Thursday, August 1st. The company reported $0.19 EPS for the quarter, topping analysts’ consensus estimates of $0.16 by $0.03. The business had revenue of $356.20 million during the quarter, compared to the consensus estimate of $356.23 million. Utz Brands had a return on equity of 6.79% and a net margin of 0.29%. The business’s revenue for the quarter was down 1.8% on a year-over-year basis. During the same period in the prior year, the firm posted $0.13 EPS. Equities research analysts anticipate that Utz Brands, Inc. will post 0.74 earnings per share for the current year.

Utz Brands Announces Dividend

The firm also recently disclosed a None dividend, which was paid on Thursday, October 3rd. Shareholders of record on Monday, September 16th were paid a dividend of $0.011 per share. The ex-dividend date was Monday, September 16th. This represents a yield of 1.3%. Utz Brands’s dividend payout ratio is currently -92.00%.

Utz Brands 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.