Utz Brands Inc (NYSE: UTZ) closed the day trading at $17.69 down -3.54% from the previous closing price of $18.34. In other words, the price has decreased by -$0.65 from its previous closing price. On the day, 3094751 shares were traded. UTZ stock price reached its highest trading level at $18.66 during the session, while it also had its lowest trading level at $17.28.
Ratios:
For a better understanding of UTZ, let’s look at its different ratios. It provided that stocks Price–to–Cash (P/C) ratio for the trailing twelve months (TTM) is standing at 23.89 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 59.09. For the most recent quarter (mrq), Quick Ratio is recorded 1.06 and its Current Ratio is at 1.58. In the meantime, Its Debt-to-Equity ratio is 1.42 whereas as Long-Term Debt/Eq ratio is at 1.36.
Upgrades & Downgrades
In addition, analysts’ ratings and any changes thereto give investors an idea of the stock’s future direction. In the most recent recommendation for this company, Needham on January 03, 2024, initiated with a Buy rating and assigned the stock a target price of $20.
On December 20, 2023, Mizuho started tracking the stock assigning a Buy rating and target price of $19.
RBC Capital Mkts reiterated its Outperform rating for the stock on December 18, 2023, while the target price for the stock was revised from $17 to $19.
Insider Transactions:
The insider trade also gives investors a glimpse into the future direction of stock prices, which can be beneficial to investors. A recent insider transaction in this stock occurred on Feb 26 when DEROMEDI ROGER K sold 3,785 shares for $19.13 per share. The transaction valued at 72,403 led to the insider holds 3,399,470 shares of the business.
DEROMEDI ROGER K sold 23,715 shares of UTZ for $453,156 on Feb 23. The Director now owns 3,403,255 shares after completing the transaction at $19.11 per share. On Feb 22, another insider, DEROMEDI ROGER K, who serves as the Director of the company, sold 13,377 shares for $19.04 each. As a result, the insider received 254,670 and left with 3,426,970 shares of the company.
Valuation Measures:
Investors should consider key stock statistics when deciding whether to invest or divest. In the wake of the recent closing price, UTZ now has a Market Capitalization of 1.49B and an Enterprise Value of 2.43B. As of this moment, Utz’s Price-to-Earnings (P/E) ratio for their current fiscal year is 85.58, and their Forward P/E ratio for the next fiscal year is 22.55. The expected Price-to-Earnings-to-Growth (PEG) calculation for the next 5 years is 5.56. For the stock, the TTM Price-to-Sale (P/S) ratio is 1.00 while its Price-to-Book (P/B) ratio in mrq is 2.03. Its current Enterprise Value per Revenue stands at 1.69 whereas that against EBITDA is 22.55.
Stock Price History:
Over the past 52 weeks, UTZ has reached a high of $19.21, while it has fallen to a 52-week low of $11.17. The 50-Day Moving Average of the stock is 17.26, while the 200-Day Moving Average is calculated to be 15.36.
Shares Statistics:
Over the past 3-months, UTZ traded about 799.78K shares per day on average, while over the past 10 days, UTZ traded about 648.49k shares per day. A total of 80.88M shares are outstanding, with a floating share count of 64.77M. Insiders hold about 20.18% of the company’s shares, while institutions hold 87.57% stake in the company. Shares short for UTZ as of Feb 15, 2024 were 6.57M with a Short Ratio of 8.21, compared to 6.5M on Jan 12, 2024. Therefore, it implies a Short% of Shares Outstanding of 8.09% and a Short% of Float of 9.20%.
Dividends & Splits
UTZ’s forward annual dividend rate is 0.23, up from 0.23 a year ago. Against a Trailing Annual Dividend Yield of 1.24%, it implies a Forward Annual Dividend Yield of 1.24%.
Earnings Estimates
Current recommendations for the stock of the company come from 11 analysts. On average, analysts expect EPS of $0.16 for the current quarter, with a high estimate of $0.18 and a low estimate of $0.14, while EPS last year was $0.15. The consensus estimate for the next quarter is $0.13, with high estimates of $0.16 and low estimates of $0.11.
Analysts are recommending an EPS of between $0.59 and $0.52 for the fiscal current year, implying an average EPS of $0.57. EPS for the following year is $0.66, with 12 analysts recommending between $0.73 and $0.59.
Revenue Estimates
12 analysts predict $354.05M in revenue for the current quarter. It ranges from a high estimate of $361.76M to a low estimate of $350.1M. As of the current estimate, Utz Brands Inc’s year-ago sales were $354.67M, an estimated decrease of -0.20% from the year-ago figure. For the next quarter, 12 analysts are estimating revenue of $355.8M, an increase of 1.50% over than the figure of -$0.20% in the same quarter last year. There is a high estimate of $362M for the next quarter, whereas the lowest estimate is $347.52M.
A total of 9 analysts have provided revenue estimates for UTZ’s current fiscal year. The highest revenue estimate was $1.45B, while the lowest revenue estimate was $1.44B, resulting in an average revenue estimate of $1.44B. In the same quarter a year ago, actual revenue was $1.41B, up 2.20% from the average estimate. Based on 13 analysts’ estimates, the company’s revenue will be $1.46B in the next fiscal year. The high estimate is $1.49B and the low estimate is $1.42B. The average revenue growth estimate for next year is up 1.10% from the average revenue estimate for this year.
