After finishing at $18.41 in the prior trading day, Utz Brands Inc (NYSE: UTZ) closed at $18.34, down -0.38%. In other words, the price has decreased by -$0.07 from its previous closing price. On the day, 574583 shares were traded.
Ratios:
Our goal is to gain a better understanding of UTZ by taking a closer look at its different ratios. It provided that stocks Price–to–Cash (P/C) ratio for the trailing twelve months (TTM) is standing at 28.70 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 71.37. For the most recent quarter (mrq), Quick Ratio is recorded 0.97 and its Current Ratio is at 1.42. In the meantime, Its Debt-to-Equity ratio is 1.47 whereas as Long-Term Debt/Eq ratio is at 1.41.
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 the company, BofA Securities on March 14, 2024, Upgraded its rating to Buy and sets its target price to $22 from $19 previously.
On March 01, 2024, DA Davidson started tracking the stock assigning a Neutral rating and target price of $20.
On January 03, 2024, Needham started tracking the stock assigning a Buy rating and target price of $20.Needham initiated its Buy rating on January 03, 2024, with a $20 target price.
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 Mar 14 ’24 when CC Collier Holdings, LLC sold 244,712 shares for $18.14 per share. The transaction valued at 4,439,076 led to the insider holds 3,311,442 shares of the business.
Chu Chinh sold 244,712 shares of UTZ for $4,439,076 on Mar 14 ’24. The 10% Owner now owns 3,311,442 shares after completing the transaction at $18.14 per share. On Mar 13 ’24, another insider, Chu Chinh, who serves as the 10% Owner of the company, sold 92,226 shares for $17.80 each. As a result, the insider received 1,641,623 and left with 3,556,154 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. For the stock, the TTM Price-to-Sale (P/S) ratio is 1.04 while its Price-to-Book (P/B) ratio in mrq is 2.22. Its current Enterprise Value per Revenue stands at 1.69 whereas that against EBITDA is 24.45.
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 17.83, while the 200-Day Moving Average is calculated to be 15.45.
Shares Statistics:
The stock has traded on average 849.07K shares per day over the past 3-months and 862.64k shares per day over the last 10 days, according to various share statistics. A total of 81.19M shares are outstanding, with a floating share count of 66.60M. Insiders hold about 18.19% of the company’s shares, while institutions hold 87.30% stake in the company. Shares short for UTZ as of Feb 29, 2024 were 6.99M with a Short Ratio of 8.23, compared to 6.34M on Jan 31, 2024. Therefore, it implies a Short% of Shares Outstanding of 8.59% and a Short% of Float of 9.76%.
Dividends & Splits
In the trailing 12 months, UTZ’s forward annual dividend rate was 0.23, compared to 0.23 this year. Against a Trailing Annual Dividend Yield of 1.24%, it implies a Forward Annual Dividend Yield of 1.24%.
Earnings Estimates
Its stock is currently analyzed by 10 different market analysts. On average, analysts expect EPS of $0.13 for the current quarter, with a high estimate of $0.14 and a low estimate of $0.12, while EPS last year was $0.11. The consensus estimate for the next quarter is $0.16, with high estimates of $0.17 and low estimates of $0.14.
Analysts are recommending an EPS of between $0.74 and $0.61 for the fiscal current year, implying an average EPS of $0.67. EPS for the following year is $0.79, with 10 analysts recommending between $0.83 and $0.75.
Revenue Estimates
11 analysts predict $347.53M in revenue for the current quarter. It ranges from a high estimate of $362M to a low estimate of $342.29M. As of the current estimate, Utz Brands Inc’s year-ago sales were $350.56M, an estimated decrease of -0.90% from the year-ago figure. For the next quarter, 12 analysts are estimating revenue of $361.93M, a decrease of -0.30% over than the figure of -$0.90% in the same quarter last year. There is a high estimate of $374M for the next quarter, whereas the lowest estimate is $356.4M.
A total of 12 analysts have provided revenue estimates for UTZ’s current fiscal year. The highest revenue estimate was $1.49B, while the lowest revenue estimate was $1.42B, resulting in an average revenue estimate of $1.44B. In the same quarter a year ago, actual revenue was $1.44B, up 0.10% from the average estimate. Based on 11 analysts’ estimates, the company’s revenue will be $1.49B in the next fiscal year. The high estimate is $1.51B and the low estimate is $1.45B. The average revenue growth estimate for next year is up 3.40% from the average revenue estimate for this year.
