Utz Brands (UTZ)

• Market cap: $1.15B
• 1 day: -0.60%
• 5 days: -4.04%
• 1 month: -5.61%
• 3 months: -1.34%
• 6 months: -18.01%
• Year to date: -12.28%
• 1 year: -26.29%
• 5 years: 26.93%
• 10 years: 38.01%
• Sector: Consumer Staples
• Industry: Packaged Foods

About: Utz Brands Inc is a manufacturer of branded salty snacks. It produces a broad offering of salty snacks, including potato chips, tortilla chips, pretzels, cheese snacks, pork skins, pub/party mixes, and other snacks. Its iconic portfolio of authentic, craft, and better-for-you (BFY) brands, which includes Utz, Zapp's, On The Border, Golden Flake, and Boulder Canyon, among others, enjoys household penetration in the United States, where its products can be found in approximately half of U.S. household. The company operates in eight manufacturing facilities with a broad range of capabilities, and its products are distributed nationally to grocery, mass, club, convenience, drug, e-commerce and other retailers through direct shipments, distributors, and approximately 2,500 DSD routes.

Employees: 3,200

Fund manager confidence

Based on 2024 Q4 regulatory disclosures by fund managers ($100M+ AUM)

1,272% more call options, than puts

Call options by funds: $15.9M | Put options by funds: $1.16M

60% more first-time investments, than exits

New positions opened: 32 | Existing positions closed: 20

22% more repeat investments, than reductions

Existing positions increased: 84 | Existing positions reduced: 69

4% more funds holding

Funds holding: 212 [Q3] → 221 (+9) [Q4]

3.65% more ownership

Funds ownership: 91.15% [Q3] → 94.8% (+3.65%) [Q4]

8% less capital invested

Capital invested by funds: $1.33B [Q3] → $1.22B (-$107M) [Q4]

Research analyst outlook

5 Wall Street Analysts provided 1 year price targets over the past 3 months

• Low target: $15 13% upside
• Avg. target: $17 28% upside
• High target: $20 50% upside

5 analyst ratings

• positive: 3 60%
• neutral: 2 40%
• negative: 0 0%

DA Davidson Brian Holland 27% 1-year accuracy 3 / 11 met price target	20% upside $16	Buy Upgraded	24 Apr 2025
UBS Peter Grom 42% 1-year accuracy 13 / 31 met price target	13% upside $15	Neutral Initiated	23 Apr 2025
TD Cowen Robert Moskow 39% 1-year accuracy 22 / 56 met price target	13% upside $15	Hold Downgraded	22 Apr 2025
RBC Capital Nik Modi 37% 1-year accuracy 17 / 46 met price target	50% upside $20	Outperform Maintained	24 Feb 2025
Mizuho John Baumgartner 47% 1-year accuracy 9 / 19 met price target	43% upside $19	Outperform Maintained	10 Feb 2025