Utz Brands (NYSE:UTZ) Announces Earnings Results

Utz Brands (NYSE:UTZ) posted its quarterly earnings data on Wednesday. The company reported $0.13 EPS for the quarter, missing analysts’ consensus estimates of $0.14 by ($0.01), Fidelity Earnings reports. The business had revenue of $269.20 million for the quarter, compared to the consensus estimate of $273.72 million. The company’s revenue for the quarter was up 18.0% compared to the same quarter last year.

Shares of Utz Brands stock traded up $0.28 during trading on Friday, hitting $23.52. 954,152 shares of the company were exchanged, compared to its average volume of 613,339. Utz Brands has a fifty-two week low of $10.65 and a fifty-two week high of $30.09. The company has a current ratio of 1.79, a quick ratio of 1.34 and a debt-to-equity ratio of 0.31. The firm has a 50 day moving average price of $26.47 and a 200 day moving average price of $23.16.

The firm also recently disclosed a quarterly dividend, which was paid on Monday, May 10th. Stockholders of record on Monday, April 19th were paid a dividend of $0.05 per share. The ex-dividend date of this dividend was Friday, April 16th. This represents a $0.20 dividend on an annualized basis and a dividend yield of 0.85%.

Several brokerages have recently weighed in on UTZ. Citigroup Inc. 3% Minimum Coupon Principal Protected Based Upon Russell lowered their target price on shares of Utz Brands from $30.00 to $28.00 and set a “buy” rating on the stock in a report on Friday. Stephens raised shares of Utz Brands from an “equal weight” rating to an “overweight” rating in a report on Friday. Oppenheimer lifted their target price on shares of Utz Brands from $24.00 to $29.00 and gave the company an “outperform” rating in a report on Wednesday, February 10th. They noted that the move was a valuation call. Barclays reaffirmed a “buy” rating and issued a $26.00 target price on shares of Utz Brands in a report on Sunday, January 17th. Finally, Truist began coverage on shares of Utz Brands in a report on Tuesday, March 23rd. They issued a “hold” rating and a $25.00 target price on the stock. Five analysts have rated the stock with a hold rating and seven have given a buy rating to the company. The stock has a consensus rating of “Buy” and an average target price of $26.13.

About Utz Brands

Utz Brands, Inc manufacturers, markets, and distributes snacking products in the United States. It offers a range of salty snacks, including potato chips, pretzels, cheese snacks, veggie snacks, pork skins, pub/party mixes, and other snacks under the Utz, Zapp's, ON THE BORDER, Golden Flake, Good Health, Boulder Canyon, Hawaiian, and TORTIYAHS brands.

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Earnings History for Utz Brands (NYSE:UTZ)

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