Utz Brands Inc [UTZ] stock is trading at $17.58, up 0.34%. One of the good ways to gauge the recent performance is if the stock’s short-term value is rising or falling. The UTZ shares have gain 1.09% over the last week, with a monthly amount drifted -1.68%, and not seem to be holding up well over a long-time horizon.
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On 28, March 2024, Utz Brands, Inc. Increases Quarterly Cash Dividend. In a post published today on Yahoo Finance, Utz Brands, Inc. (NYSE: UTZ) (“Utz” or the “Company”), a leading U.S. manufacturer of branded salty snacks, today announced that its Board of Directors has approved an annual dividend increase from $0.228 to $0.236 per share. The increase is effective as of today, and the Utz Board of Directors (“Board”) has declared a regular quarterly cash dividend of approximately $0.059 per share on the Company’s Class A Common Stock. Payment is expected to be made by the Company on May 2, 2024, to stockholders of record at the close of business on April 15, 2024.
From an analyst’s perspective:
Utz Brands Inc [NYSE: UTZ] stock has seen the most recent analyst activity on March 14, 2024, when BofA Securities upgraded its rating to a Buy and also boosted its price target to $22 from $19. Previously, DA Davidson started tracking the stock with Neutral rating on March 01, 2024, and set its price target to $20. On January 03, 2024, Needham initiated with a Buy rating and assigned a price target of $20 on the stock. Mizuho started tracking the stock assigning a Buy rating and suggested a price target of $19 on December 20, 2023. RBC Capital Mkts reiterated its recommendation of a Outperform and raised its price target to $19 on December 18, 2023. Jefferies started tracking with a Buy rating for this stock on October 25, 2023, and assigned it a price target of $15. In a note dated October 23, 2023, Stephens upgraded an Overweight rating on this stock and revised its target price from $18 to $16.
Utz Brands Inc [UTZ] stock has fluctuated between $11.17 and $19.21 over the past year. Currently, Wall Street analysts expect the stock to reach $18.33 within the next 12 months. Utz Brands Inc [NYSE: UTZ] shares were valued at $17.58 at the most recent close of the market. An investor can expect a potential return of 4.27% based on the average UTZ price forecast.
Analyzing the UTZ fundamentals
Utz Brands Inc [NYSE:UTZ] reported sales of 1.44B for the trailing twelve months, which represents a drop of -0.72%. Gross Profit Margin for this corporation currently stands at 0.32% with Operating Profit Margin at -0.0%, Pretax Profit Margin comes in at -0.02%, and Net Profit Margin reading is 0.01%. To continue investigating profitability, this company’s Return on Assets is posted at 0.0, Equity is 0.02 and Total Capital is -0.0. Upon thorough examination of the company’s fundamental financial framework, it becomes apparent that the debt-to-equity ratio stands at 1.42.
Before buying any particular stock, readers tend to pay close attention to the indicators that support and create resistance. The company’s stock is currently sitting at 17.20 points at the first support level, and at 16.81 for the second support level. However, for the 1st resistance point, the stock is sitting at 17.82, and for the 2nd resistance point, it is at 18.05.
Utz Brands Inc [UTZ] reported earnings per share of $0.16 for its fiscal quarter that ended on 12/30/2023. Based on the Wall Street analysts’ estimates, the company was expected to report earnings of $0.16/share, meaning a difference of $0 and a surprise factor of 0.00%. By comparison, the stated earnings for the previous quarter ended on 9/29/2023 were $0.17 per share as compared to estimates of $0.15 per share, a difference of $0.02 representing a surprise of 13.30%.
Ratios To Look Out For
For context, Utz Brands Inc’s Current Ratio is 1.42. Also, the Quick Ratio is 0.97, while the Cash Ratio stands at 0.26. Considering the valuation of this stock, the price to sales ratio is 1.00, the price to book ratio is 2.13.
Transactions by insiders
Recent insider trading involved CC Collier Holdings, LLC, 10% Owner, that happened on Mar 14 ’24 when 0.24 million shares were sold. 10% Owner, Chu Chinh completed a deal on Mar 14 ’24 to sell 0.24 million shares. Meanwhile, 10% Owner Chu Chinh sold 92226.0 shares on Mar 13 ’24.
