While Utz Brands Inc has underperformed by -2.17%, investors are advised to look at stock chart patterns for technical insight. Within its last year performance, UTZ rose by 30.60%, with highs and lows ranging from $20.00 to $11.15, whereas the simple moving average fell by -1.26% in the last 200 days.
On March 14, 2024, BofA Securities Upgraded Utz Brands Inc (NYSE: UTZ) to Buy. A report published by DA Davidson on March 01, 2024, Initiated its previous ‘Neutral’ rating for UTZ. Needham also rated UTZ shares as ‘Buy’, setting a target price of $20 on the company’s shares in an initiating report dated January 03, 2024. Mizuho Initiated an Buy rating on December 20, 2023, and assigned a price target of $19. RBC Capital Mkts resumed its ‘Outperform’ rating for UTZ, as published in its report on December 18, 2023. Jefferies’s report from October 25, 2023 suggests a price prediction of $15 for UTZ shares, giving the stock a ‘Buy’ rating. Stephens also rated the stock as ‘Overweight’.
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Analysis of Utz Brands Inc (UTZ)
A return on investment can be expected regardless of UTZ’s performance over the next quarter with the dividend set at $0.23 per share. Further, the quarter-over-quarter decrease in sales is -1.84%, showing a negative trend in the upcoming months.
To gain a thorough understanding of Utz Brands Inc’s future performance, several well-rounded types of analysis and research techniques can be used, with equity being among the most crucial. The goal here is to ensure that your current return on equity of 0.61% is sufficient for you to turn a profit off your investment. Taking into account the quick ratio of the company, currently set at 1.21, you can see that the company can cover any debts it may have, which can easily be seen in the annual report of the company.
It is also very valuable to look at average volume as an indicator of volatility for a stock, and UTZ is recording an average volume of 821.94K. On a monthly basis, the volatility of the stock is set at 3.00%, whereas on a weekly basis, it is put at 2.92%, with a loss of -2.06% over the past seven days. Furthermore, long-term investors anticipate a median target price of $20.70, showing growth from the present price of $17.13, which can serve as yet another indication of whether UTZ is worth investing in or should be passed over.
How Do You Analyze Utz Brands Inc Shares?
A leading company in the Packaged Foods sector, Utz Brands Inc (UTZ) is based in the USA. When comparing Utz Brands Inc shares with other companies under Consumer Defensive, the P/E value is an influential factor to note. This is because it represents an indication of the future growth of the company in terms of investors’ expectations. Ultimately, the value of the latter should demonstrate steady, rapid growth, which is an accurate measure of the company’s progress. In addition to the value of 486.65, there is a growth in quarterly earnings of 558.94%.
The number of employees owning shares of the company should also be considered in addition to the fundamentals. This is because the values should be in line with investors’ expectations. As such, the current holdings of company stock inside the company are set at 18.83%. This can enable you to see the extent to which executives own the company’s stock. As opposed to executive stock, institutional ownership accounts for 90.86% of the company’s shares, contributing to an indication of company value, since large shareholders may signify strength within the organization.
UTZ shares are owned by institutional investors to the tune of 90.86% at present.
