Utz BrandsUTZ Market cap $1.41B
About: Utz Brands Inc is a snack food manufacturing company. It manufactures a diverse portfolio of salty snacks under popular brands including Utz, Zapp's, Golden Flake, Boulder Canyon, Hawaiian, TORTIYAHS!, among others. The company's products include potato chips, tortilla chips, pretzels, cheese snacks, pork skins, veggie snacks, pub/party mixes, and other snacks.. Its products are distributed nationally and internationally through grocery, mass merchant, club, convenience, drug, and other channels. It operates in the given segment: the manufacturing, distribution, marketing and sale of snack food products.
Employees: 3,654
Fund manager confidence
Based on 2024 Q2 SEC filings by fund managers ($100M+ AUM)
105% more first-time investments, than exits
New positions opened: 39 | Existing positions closed: 19
10% more funds holding
Funds holding: 196 [Q1] → 216 (+20) [Q2]
5% more repeat investments, than reductions
Existing positions increased: 78 | Existing positions reduced: 74
0.29% more ownership
Funds ownership: 91.46% [Q1] → 91.74% (+0.29%) [Q2]
10% less capital invested
Capital invested by funds: $1.37B [Q1] → $1.24B (-$131M) [Q2]
14% less call options, than puts
Call options by funds: $3.06M | Put options by funds: $3.57M
Research analyst outlook
3 Wall Street Analysts provided 1 year price targets over the past 3 months
3 analyst ratings
Piper Sandler Michael Lavery 48% 1-year accuracy 11 / 23 met price target | 29%upside $22 | Overweight Reiterated | 21 Aug 2024 |
Needham Matt McGinley 48% 1-year accuracy 14 / 29 met price target | 29%upside $22 | Buy Reiterated | 2 Aug 2024 |
Barclays Andrew Lazar 69% 1-year accuracy 11 / 16 met price target | 11%upside $19 | Overweight Maintained | 19 Jul 2024 |
Financial journalist opinion
Based on 3 articles about UTZ published over the past 30 days