Utz Brands Inc (NYSE: UTZ) is 8.02% higher on its value in year-to-date trading and has touched a low of $11.15 and a high of $20.00 in the current 52-week trading range. The question becomes, what are the chances the stock will continue to grow shareholders’ wealth in the market. Here’s what analysts think will happen to its price in the coming time. The UTZ stock was last observed hovering at around $18.01 in the last trading session, with the day’s loss setting it -0.5%.
Currently trading at $17.51, the stock is -1.35% and 3.68% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 1.01 million and changing -2.78% at the moment leaves the stock 1.02% off its SMA200. UTZ registered 30.42% gain for a year compared to 6-month gain of 0.87%. The firm has a 50-day simple moving average (SMA 50) of $16.9542 and a 200-day simple moving average (SMA200) of $17.37115.
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The stock witnessed a -0.05% loss in the last 1 month and extending the period to 3 months gives it a 6.90%, and is -0.79% down over the last 5 days. If we measure the stock’s price variations over the week and the month, we find that the volatility rates stand at 2.95% over the week and 3.03% over the month.
Utz Brands Inc (UTZ) has around 3654 employees, a market worth around $1.45B and $1.43B in sales. Current P/E ratio is 497.44 and Fwd P/E is 20.80. Profit margin for the company is 0.29%. Distance from 52-week low is 57.04% and -12.47% from its 52-week high. The company has generated returns on investments over the last 12 months (0.27%).
Utz Brands Inc quarterly earnings per share for the current quarter are estimated at 0.2 with sales reaching $365.42M over the same period.The EPS is expected to grow by 28.07% this year, but quarterly earnings will post -1.00% year-over-year. Quarterly sales are estimated to shrink -1.70% in year-over-year returns.
289.0 institutions hold shares in Utz Brands Inc (UTZ), with institutional investors hold 110.35% of the company’s shares. The shares outstanding are 81.19M, and float is at 66.99M with Short Float at 10.00%. Institutions hold 91.61% of the Float.
The top institutional shareholder in the company is VANGUARD GROUP INC with over 6.9 million shares valued at $114.77 million. The investor’s holdings represent 8.4745 of the UTZ Shares outstanding. As of 2024-06-30, the second largest holder is T. ROWE PRICE INVESTMENT MANAGEMENT, INC. with 5.68 million shares valued at $94.47 million to account for 6.975 of the shares outstanding. The other top investors are BLACKROCK INC. which holds 5.13 million shares representing 6.3053 and valued at over $85.39 million, while CHAMPLAIN INVESTMENT PARTNERS, LLC holds 6.2916 of the shares totaling 5.12 million with a market value of $85.21 million.
Utz Brands Inc (UTZ) Insider Activity
The most recent transaction is an insider purchase by Stewart Pamela J, the company’s Director. SEC filings show that Stewart Pamela J bought 895 shares of the company’s common stock on Aug 06 ’24 at a price of $16.81 per share for a total of $15045.0. Following the purchase, the insider now owns 27971.0 shares.
Utz Brands Inc disclosed in a document filed with the SEC on Aug 05 ’24 that Lindeman Bruce John (Director) bought a total of 4,000 shares of the company’s common stock. The trade occurred on Aug 05 ’24 and was made at $16.11 per share for $64440.0. Following the transaction, the insider now directly holds 42480.0 shares of the UTZ stock.
Still, SEC filings show that on May 23 ’24, Choi Christina (Director) disposed off 3,160 shares at an average price of $17.98 for $56817.0. The insider now directly holds 29,740 shares of Utz Brands Inc (UTZ).
