Cc Collier Holdings, Llc Sells 2,815,404 Shares of Utz Brands, Inc. (NYSE:UTZ) Stock

by · The Cerbat Gem

Utz Brands, Inc. (NYSE:UTZ – Get Free Report) insider Cc Collier Holdings, Llc sold 2,815,404 shares of the firm’s stock in a transaction that occurred on Wednesday, November 6th. The stock was sold at an average price of $17.29, for a total transaction of $48,678,335.16. Following the transaction, the insider now directly owns 496,038 shares of the company’s stock, valued at approximately $8,576,497.02. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink.

Utz Brands Stock Performance

NYSE:UTZ traded up $0.79 during mid-day trading on Wednesday, reaching $18.02. 948,821 shares of the company’s stock were exchanged, compared to its average volume of 758,351. The business’s fifty day simple moving average is $17.32 and its two-hundred day simple moving average is $17.24. Utz Brands, Inc. has a one year low of $11.67 and a one year high of $20.04. The company has a debt-to-equity ratio of 0.56, a quick ratio of 0.85 and a current ratio of 1.21. The firm has a market capitalization of $2.54 billion, a PE ratio of -94.84, a price-to-earnings-growth ratio of 1.19 and a beta of 1.01.

Utz Brands (NYSE:UTZ – Get Free Report) last posted its quarterly earnings data on Thursday, October 31st. The company reported $0.21 earnings per share for the quarter, beating analysts’ consensus estimates of $0.20 by $0.01. The company had revenue of $365.50 million during the quarter, compared to analyst estimates of $363.98 million. Utz Brands had a positive return on equity of 7.25% and a negative net margin of 0.99%. The firm’s revenue for the quarter was down 1.7% on a year-over-year basis. During the same quarter last year, the company earned $0.17 EPS. Analysts anticipate that Utz Brands, Inc. will post 0.74 earnings per share for the current fiscal year.

Utz Brands Announces Dividend

The company also recently announced a None dividend, which was paid on Thursday, October 3rd. Investors of record on Monday, September 16th were given a dividend of $0.011 per share. The ex-dividend date of this dividend was Monday, September 16th. This represents a yield of 1.3%. Utz Brands’s payout ratio is -121.05%.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently made changes to their positions in the stock. Fifth Third Bancorp acquired a new position in shares of Utz Brands in the 2nd quarter valued at about $44,000. Canada Pension Plan Investment Board purchased a new position in shares of Utz Brands in the second quarter valued at $80,000. SG Americas Securities LLC purchased a new stake in shares of Utz Brands in the 2nd quarter worth approximately $103,000. nVerses Capital LLC purchased a new position in Utz Brands in the third quarter worth about $142,000. Finally, XTX Topco Ltd purchased a new stake in Utz Brands in the second quarter valued at $185,000. Hedge funds and other institutional investors own 95.97% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities analysts have recently issued reports on UTZ shares. Mizuho dropped their price objective on shares of Utz Brands from $24.00 to $21.00 and set an “outperform” rating for the company in a research note on Monday. Piper Sandler lifted their target price on Utz Brands from $22.00 to $24.00 and gave the company an “overweight” rating in a report on Friday, November 1st. Barclays cut their price objective on Utz Brands from $23.00 to $19.00 and set an “overweight” rating for the company in a report on Friday, July 19th. Finally, Needham & Company LLC restated a “buy” rating and issued a $22.00 target price on shares of Utz Brands in a research report on Friday, August 2nd. Three analysts have rated the stock with a hold rating and seven have given a buy rating to the company. According to MarketBeat.com, Utz Brands presently has an average rating of “Moderate Buy” and an average price target of $20.80.

Check Out Our Latest Stock Analysis on Utz Brands

About Utz Brands

(Get 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.

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