Utz Brands
UTZ

$17.68

0.34%

Market Cap: $1.46B

About: Utz Brands Inc is a snack food manufacturing company. It manufactures a diverse portfolio of salty snacks under popular brands including Utz, Zapp's, Golden Flake, Boulder Canyon, Hawaiian, TORTIYAHS!, among others. The company's products include potato chips, tortilla chips, pretzels, cheese snacks, pork skins, veggie snacks, pub/party mixes, and other snacks.. Its products are distributed nationally and internationally through grocery, mass merchant, club, convenience, drug, and other channels. It operates in the given segment: the manufacturing, distribution, marketing and sale of snack food products.

Employees: 3,654

Consumer Staples Miscellaneous Food Preparations & Kindred Products

0

Funds holding %

of 6,686 funds

0

Analysts bullish %

of 3 analysts

Fund manager confidence

Based on 2024 Q2 SEC filings by fund managers ($100M+ AUM)

105% more first-time investments, than exits

New positions opened: 39 | Existing positions closed: 19

10% more funds holding

Funds holding: 196 [Q1] → 216 (+20) [Q2]

5% more repeat investments, than reductions

Existing positions increased: 78 | Existing positions reduced: 74

0.29% more ownership

Funds ownership: 91.46% [Q1] → 91.74% (+0.29%) [Q2]

10% less capital invested

Capital invested by funds: $1.37B [Q1] → $1.24B (-$131M) [Q2]

14% less call options, than puts

Call options by funds: $3.06M | Put options by funds: $3.57M

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Research analyst outlook

3 Wall Street Analysts provided 1 year price targets over the past 3 months

Low target

$19

7%

upside

Avg. target

$21

19%

upside

High target

$22

24%

upside

3 analyst ratings

3 positive

100%

0 neutral

0%

0 negative

0%

Piper Sandler Michael Lavery 48% 1-year accuracy 11 / 23 met price target	24%upside $22	Overweight Reiterated	21 Aug 2024
Needham Matt McGinley 28% 1-year accuracy 8 / 29 met price target	24%upside $22	Buy Reiterated	2 Aug 2024
Barclays Andrew Lazar 75% 1-year accuracy 12 / 16 met price target	7%upside $19	Overweight Maintained	19 Jul 2024

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Financial journalist opinion

Based on 10 articles about UTZ published over the past 30 days

Daily Dividend Report: Salesforce, Brady, META, Abbvie, UTZ Brands

Salesforce today announced that its board of directors declared a quarterly cash dividend of $0.40 per share. The dividend is payable October 8, 2024, to stockholders of record on September 18, 2024.

Daily Dividend Report: Salesforce, Brady, META, Abbvie, UTZ Brands

Utz Brands, Inc. Declares Quarterly Cash Dividend

HANOVER, Pa.--(BUSINESS WIRE)--Utz Brands, Inc. (NYSE: UTZ) (“Utz” or the “Company”), a leading U.S. manufacturer of branded salty snacks and a small-cap value and growth Staples equity, today announced that its Board of Directors has declared a regular quarterly cash dividend of approximately $0.059 per share on the Company's Class A Common Stock, as well as an additional cash dividend of approximately $0.011 per share. Payment is expected to be made by the Company on October 3, 2024, to stock.

Utz Brands, Inc. Declares Quarterly Cash Dividend

Utz Stock Slips as Pretzel Maker Drops Sales Expectations

Utz Brands (UTZ) shares fell after the snack manufacturer dropped its full-year guidance.

Utz Stock Slips as Pretzel Maker Drops Sales Expectations

Utz Brands' stock falls 2.7% after snack maker is latest company to cut sales guidance due to cautious consumer

Consumption trends slowed in the current quarter as consumer value-seeking behavior led to discounting, says CEO.

Utz Brands' stock falls 2.7% after snack maker is latest company to cut sales guidance due to cautious consumer

Utz Brands Provides Business Update at 2024 Barclays Global Consumer Staples Conference

HANOVER, Pa.--(BUSINESS WIRE)--Utz Brands, Inc. (NYSE: UTZ) (“Utz” or the “Company”), a leading U.S. manufacturer of branded Salty Snacks and a small-cap value and growth Staples equity, today provided a full-year 2024 financial outlook update in conjunction with its participation at the 2024 Barclays Global Consumer Staples Conference. "We experienced a strong start in the first half of the year, thanks to our continued focus on our growth strategies and value creation initiatives,” said Howar.

Utz Brands Provides Business Update at 2024 Barclays Global Consumer Staples Conference

Utz Brands Releases 2023 Environmental, Social, and Governance Report

HANOVER, Pa.--(BUSINESS WIRE)--Utz Brands, Inc. (NYSE: UTZ) (“Utz” or the “Company”), a leading U.S. manufacturer of branded Salty Snacks and a small-cap value and growth Staples equity, today announced the release of its 2023 Environmental, Social, and Governance (“ESG”) Report. The report, which covers the fiscal year that ended December 31, 2023, highlights the ESG strides the Company has made over the past year, building on the momentum highlighted in the Company's 2022 report. Key Highligh.

Utz Brands Releases 2023 Environmental, Social, and Governance Report

Utz Brands to Participate in Upcoming Investor Conferences

HANOVER, Pa.--(BUSINESS WIRE)--Utz Brands, Inc. (NYSE: UTZ) (“Utz” or the “Company”), a leading U.S. manufacturer of branded Salty Snacks and a small-cap value and growth Staples equity, announced today that the Company plans to participate in the following investor conferences in September. Barclays Global Consumer Staples Conference September 5, 2024 At 7:30 a.m. EDT the Company will host a fireside chat with Barclays analyst Andrew Lazar, and participate in one-on-one and small group meeting.

Utz Brands to Participate in Upcoming Investor Conferences

CNBC Television

Both high-end and low-end consumers pullback on restaurant spending, says Mizuho's Baumgartner

John Baumgartner, Mizuho managing director, joins CNBC to discuss trends in consumer spending pullbacks, what the reduction in restaurant spending may mean for stocks, and more.

Both high-end and low-end consumers pullback on restaurant spending, says Mizuho's Baumgartner

Utz Announces Board of Director Retirement of Michael Rice and Appointment of William Werzyn Jr.

HANOVER, Pa.--(BUSINESS WIRE)--Utz Brands, Inc. (NYSE: UTZ) (“Utz” or the “Company”), Utz Brands, Inc. (NYSE: UTZ) (“Utz” or the “Company”), a leading U.S. manufacturer of branded Salty Snacks and a small-cap value and growth Staples equity, announced that Michael W. Rice has retired from his position on the Utz Board of Directors (the “Board”), effective August 20. Mr. Rice will continue to participate in Board activities as an observer. The Company has also announced that William “B.J.” Werzy.

Utz Announces Board of Director Retirement of Michael Rice and Appointment of William Werzyn Jr.

Utz Brands Completes Acquisition of Strategic Distribution Rights of National Food Corp

HANOVER, Pa.--(BUSINESS WIRE)--Utz acquires strategic DSD routes in Florida from National Food Corp.

Utz Brands Completes Acquisition of Strategic Distribution Rights of National Food Corp

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