22,580 Shares in Utz Brands, Inc. $UTZ Bought by Hsbc Holdings PLC

Hsbc Holdings PLC bought a new stake in shares of Utz Brands, Inc. (NYSE:UTZ) during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm bought 22,580 shares of the company’s stock, valued at approximately $319,000.

Several other institutional investors also recently bought and sold shares of UTZ. Caitong International Asset Management Co. Ltd bought a new position in Utz Brands during the first quarter valued at about $32,000. First Horizon Advisors Inc. raised its holdings in Utz Brands by 44.8% during the first quarter. First Horizon Advisors Inc. now owns 7,887 shares of the company’s stock valued at $111,000 after buying an additional 2,441 shares in the last quarter. Tower Research Capital LLC TRC raised its holdings in Utz Brands by 112.7% during the fourth quarter. Tower Research Capital LLC TRC now owns 7,697 shares of the company’s stock valued at $121,000 after buying an additional 4,078 shares in the last quarter. Teacher Retirement System of Texas bought a new position in Utz Brands during the first quarter valued at about $144,000. Finally, Parallel Advisors LLC raised its holdings in Utz Brands by 38.9% during the first quarter. Parallel Advisors LLC now owns 12,904 shares of the company’s stock valued at $182,000 after buying an additional 3,616 shares in the last quarter. 95.97% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

UTZ has been the topic of several recent research reports. Barclays cut their target price on Utz Brands from $17.00 to $16.00 and set an “overweight” rating on the stock in a report on Friday, June 27th. UBS Group raised their target price on Utz Brands from $13.50 to $15.00 and gave the company a “neutral” rating in a report on Thursday, July 17th. Five analysts have rated the stock with a Buy rating and two have given a Hold rating to the company’s stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $17.29.

Utz Brands Trading Up 0.3%

Shares of NYSE:UTZ opened at $13.39 on Thursday. The company has a market cap of $1.89 billion, a P/E ratio of 63.74, a P/E/G ratio of 1.80 and a beta of 1.03. The stock’s 50-day moving average is $13.40 and its 200-day moving average is $13.34. Utz Brands, Inc. has a 52-week low of $11.53 and a 52-week high of $18.89. The company has a debt-to-equity ratio of 0.62, a quick ratio of 0.87 and a current ratio of 1.29.

Utz Brands (NYSE:UTZ) last released its earnings results on Thursday, July 31st. The company reported $0.17 earnings per share for the quarter, missing analysts’ consensus estimates of $0.19 by ($0.02). Utz Brands had a return on equity of 7.81% and a net margin of 1.27%.The firm had revenue of $366.70 million for the quarter, compared to analyst estimates of $360.55 million. During the same period last year, the business earned $0.19 earnings per share. The firm’s quarterly revenue was up 2.9% compared to the same quarter last year. Utz Brands has set its FY 2025 guidance at 0.820-0.850 EPS. Equities research analysts predict that Utz Brands, Inc. will post 0.85 earnings per share for the current year.

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.