An Analysis Of Utz Brands Inc. (UTZ)’s Weekly Performance


As of Wednesday close, Utz Brands Inc.’s (NYSE:UTZ) stock was down -$0.31, moving down -1.69 percent to $18.05. The average number of shares traded per day over the past five days has been 481,160 shares. 5 times new highs have been achieved over the past 5 days, with a $0.54 gain in that time frame. In the last twenty days, the average volume was 556,765, while in the previous 50 days, it was 518,616.

Since last month, UTZ stock rose 16.23%. Shares of the company fell to $15.08 on 10/27/22, the lowest level in the past month. A 52-week high of $19.98 was reached on 08/11/22 after having rallying from a 52-week low of $12.06. Since the beginning of this year, UTZ’s stock price has risen by 13.17% or $2.10, and marked a new high 6 times. However, the stock has declined by -9.66% since its 52-week high.

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UTZ stock investors should be aware that Utz Brands Inc. (UTZ) stock had its last reported insider trading activity 3 days ago on Nov 21. Whyte Chad, the EVP, Supply Chain of the company, disposed of 4,000 shares for $18.22 on Nov 21. It resulted in a $72,880 divestment by the insider. Stewart Pamela J added 720 shares at an average price of $17.28 on Nov 16. The insider now owns 12,640 shares following the transaction. On Aug 11, Director DEROMEDI ROGER K sold 15,678 shares at $19.64 apiece. The transaction was valued at $307,972.

Valuation Metrics

Right now, Utz Brands Inc. (UTZ) has a P/E ratio of about 142.13. The stock’s beta is 0.74. Besides these, the trailing price-to-sales (P/S) ratio of 1.96, the price-to-book (PB) ratio of 2.06.

The latest dividend of $0.0540 per share was paid out, remained unchanged from last year’s $0.0540. On Thursday December 9 2021, a $0.0040 dividend increase was announced.

Financial Health

In the three months ended June 29, Utz Brands Inc.’s quick ratio stood at 1.10, while its current ratio was 1.60, showing that the company is able to pay off its debt. According to company report, the long-term debt-to-equity ratio for the quarter ending June 29 was 1.29, and the total debt-to-equity ratio was 1.32. On the profitability front, the trailing twelve-month gross margin is 31.30% percent. Based on annual data, UTZ earned $383.91 million in gross profit and brought in $1.18 billion in revenue.

In Utz Brands Inc.’s quarter-end financial report for June 29, it reported total debt of $887.27 million. According to the earnings report, the company had a higher net income in the recent quarter than it did in the previous quarter. UTZ’s revenue rose 13.82% to $350.15 million during the quarter, while net income inched up to $362.82 million. While analysts expected Utz Brands Inc. to report $0.11 quarterly earnings, the actual figure was $0.13 per share, beating the consensus estimate by 18.20%. During the quarter, the company generated $36.79 million in EBITDA. The liabilities of Utz Brands Inc. were 1.36 billion at the end of its most recent quarter ended June 29, and its total debt was $968.86 million. The value of shareholders’ equity is $140.16 million.

Technical Picture

This quick technical analysis looks at Utz Brands Inc.’s (UTZ) price momentum. With a historical volatility rate of 24.41%, the RSI 9-day stood at 67.91% on 23 November.

With respect to its five-day moving average, the current Utz Brands Inc. price is up by +3.08% percent or $0.54. At present, UTZ shares trade +17.74% above its 20-day simple moving average and +22.04% percent above its 100-day simple moving average. However, the stock is currently trading approximately +13.45% above its SMA50 and +14.60% above its SMA200.

Stochastic coefficient K was 92.88% and Stochastic coefficient D was 91.71%, while ATR was 0.66. Given the Stochastic reading of 84.25% for the 14-day period, the RSI (14) reading has been calculated as 66.74%. As of today, the MACD Oscillator reading stands at 0.48, while the 14-day reading stands at 0.94.

Analyst Ratings

Utz Brands Inc. downgraded its rating on Utz Brands Inc. (NYSE: UTZ) to a Neutral in a note to investors on August 12, 2022. The analysts firm previously had a Buy rating on the stock.Utz Brands Inc. (UTZ) has been rated Overweight by analysts. According to 0 brokerage firms, UTZ is a sell, and 6 firms recommend it is a Hold. There are 0 analysts who say the stock is underweight. A total of 1 analyst rate Utz Brands Inc. stock as buy, with 2 recommending it as overweight.

With a median target price of $19.00, the current consensus forecast for the stock is $18.00 – $21.00. Based on these forecasts, analysts predict Utz Brands Inc. (UTZ) will achieve an average price target of $19.13.


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