Utz Brands (NYSE:UTZ) Given New $19.00 Price Target at Mizuho

Utz Brands (NYSE:UTZ) had its price target reduced by investment analysts at Mizuho from $21.00 to $19.00 in a research report issued to clients and investors on Monday,Benzinga reports. The brokerage presently has an “outperform” rating on the stock. Mizuho’s target price indicates a potential upside of 40.43% from the company’s current price.

A number of other analysts also recently weighed in on the company. Piper Sandler dropped their target price on Utz Brands from $24.00 to $20.00 and set an “overweight” rating for the company in a research report on Thursday, January 16th. TD Cowen lowered their price objective on shares of Utz Brands from $21.00 to $17.00 and set a “buy” rating for the company in a report on Wednesday, January 8th. Finally, Barclays reduced their target price on shares of Utz Brands from $19.00 to $17.00 and set an “overweight” rating on the stock in a report on Friday, January 17th. Two research analysts have rated the stock with a hold rating and eight have issued a buy rating to the company. Based on data from MarketBeat, Utz Brands has a consensus rating of “Moderate Buy” and an average target price of $20.00.

Utz Brands Stock Performance

Shares of NYSE:UTZ traded up $0.16 during trading on Monday, hitting $13.53. 279,048 shares of the company were exchanged, compared to its average volume of 1,163,007. The company has a debt-to-equity ratio of 0.56, a current ratio of 1.21 and a quick ratio of 0.85. Utz Brands has a 52-week low of $12.71 and a 52-week high of $20.04. The company has a market cap of $1.91 billion, a PE ratio of -71.21, a P/E/G ratio of 0.87 and a beta of 1.01. The stock has a 50 day moving average of $15.07 and a 200 day moving average of $16.33.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently bought and sold shares of the company. Newton One Investments LLC bought a new position in Utz Brands in the fourth quarter worth approximately $26,000. Venturi Wealth Management LLC bought a new stake in Utz Brands during the 4th quarter worth approximately $54,000. nVerses Capital LLC bought a new position in shares of Utz Brands in the third quarter worth approximately $142,000. Moody National Bank Trust Division purchased a new stake in shares of Utz Brands in the fourth quarter worth $169,000. Finally, M&T Bank Corp raised its position in shares of Utz Brands by 18.9% during the 4th quarter. M&T Bank Corp now owns 12,678 shares of the company’s stock valued at $198,000 after purchasing an additional 2,011 shares during the period. 95.97% of the stock is owned by hedge funds and other institutional investors.

About Utz Brands

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.