Utz Brands, Inc. (UTZ) To Go Ex-Dividend on April 7th

Utz Brands, Inc. (NYSE:UTZ) declared a quarterly dividend on Thursday, March 27th, RTT News reports. Investors of record on Monday, April 7th will be paid a dividend of 0.011 per share on Thursday, April 24th. This represents a $0.04 annualized dividend and a yield of 0.31%. The ex-dividend date of this dividend is Monday, April 7th.

Utz Brands has raised its dividend payment by an average of 5.3% per year over the last three years. Utz Brands has a dividend payout ratio of 25.3% indicating that its dividend is sufficiently covered by earnings. Research analysts expect Utz Brands to earn $0.92 per share next year, which means the company should continue to be able to cover its $0.24 annual dividend with an expected future payout ratio of 26.1%.

Utz Brands Price Performance

Shares of NYSE UTZ opened at $14.12 on Friday. Utz Brands has a twelve month low of $12.71 and a twelve month high of $20.04. The company has a current ratio of 1.21, a quick ratio of 0.85 and a debt-to-equity ratio of 0.56. The firm has a 50-day moving average of $13.70 and a two-hundred day moving average of $15.50. The company has a market capitalization of $2.00 billion, a price-to-earnings ratio of 78.42, a PEG ratio of 0.86 and a beta of 1.10.

Utz Brands (NYSE:UTZ) last posted its quarterly earnings results on Thursday, February 20th. The company reported $0.22 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.19 by $0.03. The firm had revenue of $341.05 million for the quarter, compared to analyst estimates of $349.93 million. Utz Brands had a net margin of 1.13% and a return on equity of 7.92%. During the same quarter in the previous year, the business posted $0.16 earnings per share. As a group, analysts expect that Utz Brands will post 0.85 earnings per share for the current fiscal year.

Insider Buying and Selling at Utz Brands

In other news, CEO Howard A. Friedman purchased 3,525 shares of the firm’s stock in a transaction that occurred on Monday, February 24th. The shares were acquired at an average price of $14.16 per share, for a total transaction of $49,914.00. Following the completion of the acquisition, the chief executive officer now directly owns 265,729 shares in the company, valued at approximately $3,762,722.64. The trade was a 1.34 % increase in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Cc Collier Holdings, Llc sold 496,038 shares of Utz Brands stock in a transaction on Thursday, March 6th. The stock was sold at an average price of $13.40, for a total transaction of $6,646,909.20. The disclosure for this sale can be found here. Corporate insiders own 16.32% of the company’s stock.

Analysts Set New Price Targets

UTZ has been the topic of a number of recent analyst reports. TD Cowen cut their price target on shares of Utz Brands from $21.00 to $17.00 and set a “buy” rating on the stock in a report on Wednesday, January 8th. Barclays decreased their target price on shares of Utz Brands from $19.00 to $17.00 and set an “overweight” rating for the company in a research report on Friday, January 17th. Royal Bank of Canada cut their price objective on Utz Brands from $23.00 to $20.00 and set an “outperform” rating on the stock in a research note on Monday, February 24th. Piper Sandler lowered their price target on Utz Brands from $24.00 to $20.00 and set an “overweight” rating on the stock in a research report on Thursday, January 16th. Finally, DA Davidson reduced their target price on shares of Utz Brands from $18.00 to $16.00 and set a “neutral” rating for the company in a research note on Monday, February 24th. One analyst has rated the stock with a hold rating and seven have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $19.25.

Utz Brands Company 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.