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
0
Funds holding %
of 6,831 funds
0
Analysts bullish %
of 4 analysts
Fund manager confidence
Based on 2024 Q3 regulatory filings by fund managers ($100M+ AUM)
172% more call options, than puts
Call options by funds: $14.4M | Put options by funds: $5.27M
10% more capital invested
Capital invested by funds: $1.32B [Q2] → $1.45B (+$132M) [Q3]
1.92% more ownership
Funds ownership: 97.41% [Q2] → 99.33% (+1.92%) [Q3]
6% less first-time investments, than exits
New positions opened: 33 | Existing positions closed: 35
2% less funds holding
Funds holding: 216 [Q2] → 212 (-4) [Q3]
22% less repeat investments, than reductions
Existing positions increased: 62 | Existing positions reduced: 79
Research analyst outlook
4 Wall Street Analysts provided 1 year price targets over the past 3 months
Low target
$17
28%
upside
Avg. target
$18.75
42%
upside
High target
$21
58%
upside
4 analyst ratings
4 positive
100%
0 neutral
0%
0 negative
0%
Barclays Andrew Lazar 37% 1-year accuracy 7 / 19 met price target | 28%upside $17 | Overweight Maintained | 17 Jan 2025 |
Piper Sandler Michael Lavery 35% 1-year accuracy 20 / 57 met price target | 51%upside $20 | Overweight Maintained | 16 Jan 2025 |
TD Cowen Robert Moskow 48% 1-year accuracy 29 / 60 met price target | 28%upside $17 | Buy Maintained | 8 Jan 2025 |
Mizuho John Baumgartner 58% 1-year accuracy 11 / 19 met price target | 58%upside $21 | Outperform Maintained | 4 Nov 2024 |
Financial journalist opinion
Positive
Seeking Alpha
3 days ago
UTZ: The Struggle Towards Sustainable Profitability
Reflecting on past investment decisions is crucial; I sold UTZ Brands Inc. in April 2024, and the share price has since dropped 20%. UTZ's fundamentals show improving gross margins but still negative net margins, raising concerns about profitability and debt repayment ability. UTZ continues to increase its dividend, which I do not think is wise given the current financial situation.
Positive
Seeking Alpha
2 weeks ago
Utz Brands: New Warehouse And Dividend Raise Send Important Signals (Upgrade)
The new warehouse is part of Utz Brands, Inc.'s ongoing efforts to make its logistics network more optimal and enhance the company's future profitability. The company's latest dividend hike indicates that its financial position has gotten stronger. Utz Brands' valuations are attractive based on trading history and peer comparisons, and this supports my Buy rating for UTZ stock.
Neutral
Business Wire
1 month ago
Utz Brands, Inc. Increases 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 approved an annual dividend increase from $0.236(1) to $0.244 per share. The increase is effective as of today, and the Utz Board of Directors has declared a regular quarterly cash dividend of approximately $0.061 per share on the Company's Class A Common Stock. P.
Neutral
Business Wire
1 month ago
Utz Brands Announces Opening of Rice Distribution Center
HANOVER, Pa.--(BUSINESS WIRE)--Utz Brands, Inc. (NYSE: UTZ) (“Utz” or the “Company”), a leading U.S. manufacturer of branded salty snacks, is pleased to announce the opening of the Rice Distribution Center - a brand new, state-of-the-art logistics center located in Hanover, Pennsylvania. The logistics center is named in honor of Michael W. Rice, the grandson of Bill and Salie Utz, who recently retired after over 50 years of service with Utz. The 650,000 square foot center will serve as the prim.
Neutral
Business Wire
2 months ago
Utz Brands to Webcast Presentation at the Stephens Annual Investment Conference on November 20
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 Staples equity, announced today that the Company plans to webcast their presentation at the Stephens Annual Investment Conference in Nashville, TN, on November 20, 2024, at 9:00 a.m. CT or 10:00 a.m. ET. The live webcast will be made accessible at the “Events & Presentations” section of Utz's investor relations website at https://inv.
Neutral
Seeking Alpha
2 months ago
Utz Brands, Inc. (UTZ) Q3 2024 Management Session Earnings Call Transcript
Utz Brands, Inc. (NYSE:UTZ ) Q3 2024 Management Session Earnings Conference Call October 31, 2024 6:30 AM ET Company Participants Kevin Powers - Senior Vice President of Investor Relations Howard Friedman - Chief Executive Officer Ajay Kataria - Chief Financial Officer Kevin Powers Good morning, and thank you for joining us today for our pre-recorded discussion of our Third Quarter 2024 Earnings Results. On the call today are Howard Friedman, CEO; and Ajay Kataria, CFO.
Neutral
Seeking Alpha
2 months ago
Utz Brands, Inc. (UTZ) Q3 2024 Earnings Call Transcript
Utz Brands, Inc. (NYSE:UTZ ) Q3 2024 Earnings Conference Call October 31, 2024 8:00 AM ET Company Participants Kevin Powers - SVP of IR Howard Friedman - CEO Ajay Kataria - CFO Conference Call Participants Andrew Lazar - Barclays Peter Galbo - Bank of America Michael Lavery - Piper Sandler Robert Dickerson - Jefferies Nik Modi - Nik Modi RBC Capital Markets Robert Moskow - TD Cowen Brian Holland - DA Davidson John Baumgartner - Mizuho Mitchell Pinheiro - Sturdivant Jim Salera - Stephens Operator Hello and welcome to the Utz Third Quarter 2024 Earnings Call. As a reminder, this call is being recorded.
Positive
Zacks Investment Research
2 months ago
Utz Brands (UTZ) Matches Q3 Earnings Estimates
Utz Brands (UTZ) came out with quarterly earnings of $0.21 per share, in line with the Zacks Consensus Estimate. This compares to earnings of $0.17 per share a year ago.
Neutral
Business Wire
2 months ago
Utz Brands Reports Third Quarter 2024 Results and Reaffirms 2024 Outlook
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 Staples equity, today reported financial results for the Company's fiscal third quarter ended September 29, 2024. 3Q'24 Summary(1) Net Sales of $365.5 million Organic Net Sales increased 1.9% Gross Profit Margin expansion of 370bps Adjusted Gross Profit Margin expansion of 270bps Net Income of $0.8 million Adjusted EBITDA increased 3.6%.
Neutral
Business Wire
3 months ago
Zapp's Rolls With Krewe of BOO!
HANOVER, Pa.--(BUSINESS WIRE)--Zapp's™, a Cajun-inspired brand of kettle-style potato chips and Pretzel Stix, is bringing its parade of flavors and festive energy to New Orleans' premier Halloween celebration as the official potato chip partner of Krewe of BOO!, New Orleans' Official Halloween Parade. Zapp's will bring bold flavors to three Halloween events on Saturday, Oct. 19: New Orleans Zombie Run: Locals are invited to join in on the zombie-themed 2-mile race that begins at 9 a.m. in the W.
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