Utz Brands
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
Fund manager confidence
Based on 2024 Q3 regulatory filings by fund managers ($100M+ AUM)
39% more call options, than puts
Call options by funds: $7.28M | Put options by funds: $5.25M
6% more capital invested
Capital invested by funds: $1.25B [Q2] → $1.33B (+$77.8M) [Q3]
1.46% less ownership
Funds ownership: 92.6% [Q2] → 91.14% (-1.46%) [Q3]
3% less funds holding
Funds holding: 216 [Q2] → 210 (-6) [Q3]
16% less first-time investments, than exits
New positions opened: 31 | Existing positions closed: 37
22% less repeat investments, than reductions
Existing positions increased: 62 | Existing positions reduced: 79
Research analyst outlook
3 Wall Street Analysts provided 1 year price targets over the past 3 months
3 analyst ratings
Mizuho John Baumgartner 74% 1-year accuracy 14 / 19 met price target | 29%upside $21 | Outperform Maintained | 4 Nov 2024 |
Piper Sandler Michael Lavery 46% 1-year accuracy 13 / 28 met price target | 47%upside $24 | Overweight Maintained | 1 Nov 2024 |
Piper Sandler Michael Lavery 46% 1-year accuracy 13 / 28 met price target | 35%upside $22 | Overweight Reiterated | 21 Aug 2024 |
Financial journalist opinion
Based on 5 articles about UTZ published over the past 30 days
