In a challenging market environment, shares of Utz Brands Inc. (NYSE: UTZ ) touched a 52-week low, falling to $13.36. The $1.89 billion market-cap snack company, known for its portfolio of popular brands including Utz, Zapp’s and Golden Flake, has faced issues that have weighed on its stock price over the past year. According to InvestingPro analysis, the company maintains healthy liquidity with a current ratio of 1.21, although it is trading near lows. Investors witnessed a significant decline, with Collier Creek’s 1-year change showing -18.62% decline. This decline reflects broader market trends and possible company-specific factors that have led to reduced investor confidence, culminating in the stock’s current low point. As Utz Brands continues to navigate these market conditions, shareholders are closely monitoring its strategies for recovery and growth. Wall Street analysts maintain bullish targets in the $17-$23 range, indicating potential upside. For deeper insight into UTZ’s valuation and growth prospects, access the comprehensive Pro Research Report available at InvestingProwhich covers more than 1,400 US stocks.
In other recent news, Utz Brands saw its stock target cut from $24 to $20 by Piper Sandler, although the firm maintained an Overweight rating on the company’s stock. Piper Sandler also adjusted its earnings per share estimates for Utz Brands, cutting its 2025 forecast from $0.83 to $0.81 and its 2026 estimate from $0.96 to $0.94. Meanwhile, Mizuho (NYSE: ) Securities cut their price target on Utz Brands to $21.00 from $24.00 previously, while maintaining an Outperform rating.
In the snacks sector, Utz Brands announced an increase in its annual dividend, marking the fourth year in a row of dividend increases. The company also reported steady earnings growth in the third quarter of 2024. The full-year organic growth outlook was reaffirmed at 2% to 2.5%, with the planned start of kettle production capacity expansion in the first quarter of 2025.
RBC analysts named Utz Brands a top pick in the US, Home & Personal Care and Packaged Foods sectors, citing the company’s superior volume-focused top line. Utz Brands also saw its stock target increase from Piper Sandler, from $22 to $24, with the company maintaining an Overweight rating. These are recent developments in the respective companies.
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