While Utz Brands Inc has overperformed by 0.05%, investors are advised to look at stock chart patterns for technical insight. Within its last year performance, UTZ rose by 0.43%, with highs and lows ranging from $19.21 to $11.17, whereas the simple moving average jumped by 19.98% 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’.
Analysis of Utz Brands Inc (UTZ)
The current dividend for UTZ investors is set at $0.23 per share, indicating investors will get a return regardless of how the company performs over the next quarter. Further, the quarter-over-quarter decrease in sales is -0.72%, showing a negative trend in the upcoming months.
There are several well-rounded types of analysis and research techniques that can be used to gain a clear view of Utz Brands Inc’s future performance, with equity being one of the most critical indicators. The goal here is to ensure that your current return on equity of -3.63% is sufficient for you to turn a profit off your investment. Taking into account the quick ratio of the company, currently set at 0.97, 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.
As an indicator of volatility for any stock, average volume can also be very valuable, and UTZ is recording an average volume of 750.53K. On a monthly basis, the volatility of the stock is set at 2.70%, whereas on a weekly basis, it is put at 3.26%, with a gain of 6.53% over the past seven days. Furthermore, long-term investors anticipate a median target price of $20.32, showing growth from the present price of $18.75, 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?
Apart from looking at the fundamentals, you should also pay attention to the number of company employees who own shares. 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 18.13%. 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 89.97% 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 89.97% at present.
