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Hot Stocks
Utz Brands to acquire Clem Snacks and J&D Snacks, terms not disclosed » 08:38
01/24/22
01/24
08:38
01/24/22
08:38
UTZ

Utz Brands

$15.65 /

-0.93 (-5.61%)

Utz Brands announced that…

Utz Brands announced that its subsidiaries have entered into a definitive agreement to acquire the assets of two existing third party direct store delivery distributors of Utz's products, Clem Snacks. and J&D Snacks, Inc. . Founded in 1955, Clem is a family-owned and operated distributor based in Brooklyn, New York with approximately one hundred DSD routes in New York City and Long Island. J&D has been serving the Bronx, New York since 1996 with approximately twenty five DSD routes. Utz believes that the combined acquisition of these 125 DSD routes in New York City and the surrounding region will enable the Company to accelerate share gains in the Salty Snack category across these geographic areas. Over the past twenty-plus years, Utz has been collaborating with New York retailers to expand its presence and increase distribution, and this has resulted in accelerated sales growth of Utz's Power Brands which include Utz Zapp's , ON THE BORDER Chips & Dips, and others. With these acquisitions, Utz will increase its investment in the New York City region and provide enhanced retailer support with increased distribution facilities and sales management, higher service velocity, and an expanded route distribution system. Under the terms of the definitive agreement, the assets of Clem and J&D will be acquired by subsidiaries of Utz. The Company expects to use balance sheet cash and its revolving credit facility to fund the purchase price. The transaction is subject to customary closing conditions and is expected to close in the first quarter of 2022. Financial terms were not disclosed.

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UTZ Utz Brands
$15.65 /

-0.93 (-5.61%)

UTZ Utz Brands
$15.65 /

-0.93 (-5.61%)

01/19/22 Stephens
Utz Brands downgraded to Equal Weight at Stephens on margin pressures
01/19/22 Stephens
Utz Brands downgraded to Equal Weight from Overweight at Stephens
01/14/22 Credit Suisse
Utz Brands price target lowered to $20 from $22 at Credit Suisse
01/05/22 BofA
Utz Brands initiated with a Neutral at BofA
UTZ Utz Brands
$15.65 /

-0.93 (-5.61%)

UTZ Utz Brands
$15.65 /

-0.93 (-5.61%)

Wednesday
Downgrade
Utz Brands downgraded to Equal Weight at Stephens on margin pressures » 08:23
01/19/22
01/19
08:23
01/19/22
08:23
UTZ

Utz Brands

$16.99 /

-0.21 (-1.22%)

Stephens analyst Ben…

Stephens analyst Ben Bienvenu downgraded Utz Brands to Equal Weight from Overweight with a price target of $18, down from $23, as he contends that the company appears set up to deliver lower than consensus EBITDA numbers in Q4 as margins pressures continue to linger. He believes higher levels of inflation will persist into FY22, which will further pressure margins in the new year for Utz, Bienvenu added. Given the operating environment, he thinks Utz shares look "increasingly more fairly valued," the analyst said.

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UTZ Utz Brands
$16.99 /

-0.21 (-1.22%)

UTZ Utz Brands
$16.99 /

-0.21 (-1.22%)

01/19/22 Stephens
Utz Brands downgraded to Equal Weight from Overweight at Stephens
01/14/22 Credit Suisse
Utz Brands price target lowered to $20 from $22 at Credit Suisse
01/05/22 BofA
Utz Brands initiated with a Neutral at BofA
11/19/21 Citi
Utz Brands price target lowered to $19 from $21 at Citi
UTZ Utz Brands
$16.99 /

-0.21 (-1.22%)

UTZ Utz Brands
$16.99 /

-0.21 (-1.22%)

Downgrade
Utz Brands downgraded to Equal Weight from Overweight at Stephens » 08:17
01/19/22
01/19
08:17
01/19/22
08:17
UTZ

Utz Brands

$16.99 /

-0.21 (-1.22%)

Stephens analyst Ben…

Stephens analyst Ben Bienvenu downgraded Utz Brands to Equal Weight from Overweight.

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UTZ Utz Brands
$16.99 /

-0.21 (-1.22%)

UTZ Utz Brands
$16.99 /

-0.21 (-1.22%)

01/14/22 Credit Suisse
Utz Brands price target lowered to $20 from $22 at Credit Suisse
01/05/22 BofA
Utz Brands initiated with a Neutral at BofA
11/19/21 Citi
Utz Brands price target lowered to $19 from $21 at Citi
10/19/21 Citi
Utz Brands resumed with Buy, $21 price target at Citi
UTZ Utz Brands
$16.99 /

-0.21 (-1.22%)

UTZ Utz Brands
$16.99 /

-0.21 (-1.22%)

Over a week ago
Recommendations
Utz Brands price target lowered to $20 from $22 at Credit Suisse » 06:25
01/14/22
01/14
06:25
01/14/22
06:25
UTZ

Utz Brands

$17.22 /

-0.02 (-0.12%)

Credit Suisse analyst…

Credit Suisse analyst Robert Moskow lowered the firm's price target on Utz Brands to $20 from $22 and keeps an Outperform rating on the shares. Moskow believes the firm's forecast for gross margin expansion was overly aggressive in light of a comment from management on the November earnings call that gross margins "should not contract" in 2022, the analyst tells investors in a research note.

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UTZ Utz Brands
$17.22 /

-0.02 (-0.12%)

UTZ Utz Brands
$17.22 /

-0.02 (-0.12%)

01/05/22 BofA
Utz Brands initiated with a Neutral at BofA
11/19/21 Citi
Utz Brands price target lowered to $19 from $21 at Citi
10/19/21 Citi
Utz Brands resumed with Buy, $21 price target at Citi
10/18/21 Citi
Utz Brands resumed with a Buy at Citi
UTZ Utz Brands
$17.22 /

-0.02 (-0.12%)

UTZ Utz Brands
$17.22 /

-0.02 (-0.12%)

Initiation
Utz Brands initiated with a Neutral at BofA » 08:05
01/05/22
01/05
08:05
01/05/22
08:05
UTZ

Utz Brands

$17.71 /

+0.81 (+4.79%)

BofA analyst Peter Galbo…

BofA analyst Peter Galbo initiated coverage of Utz Brands with a Neutral rating and $19 price target. While positive overall on Utz's salty snack category tailwinds and scale opportunity, the stock's current valuation, elevated leverage and status as a "show me story" are "less compelling," Galbo tells investors.

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UTZ Utz Brands
$17.71 /

+0.81 (+4.79%)

UTZ Utz Brands
$17.71 /

+0.81 (+4.79%)

11/19/21 Citi
Utz Brands price target lowered to $19 from $21 at Citi
10/19/21 Citi
Utz Brands resumed with Buy, $21 price target at Citi
10/18/21 Citi
Utz Brands resumed with a Buy at Citi
08/13/21 Stephens
Utz Brands price target lowered to $23 from $27 at Stephens
UTZ Utz Brands
$17.71 /

+0.81 (+4.79%)

UTZ Utz Brands
$17.71 /

+0.81 (+4.79%)

Hot Stocks
Utz reports IRI MULO-C retail sales for the 4-week, 12-week Dec. 26-end » 08:38
01/04/22
01/04
08:38
01/04/22
08:38
UTZ

Utz Brands

$16.94 /

+1.005 (+6.31%)

Utz Brands reported IRI…

Utz Brands reported IRI MULO-C retail sales for the 4-week and 12-week periods ended December 26. The Company is providing this interim update of Utz's retail sales trends to correct inaccurately low previously reported syndicated data for these periods due to missing new items. For the 4-week period ended December 26, the Company's retail sales as measured by IRI MULO-C increased 14.2% versus the same period last year and increased 11.2% on a two-year CAGR basis versus the same period in 2019. For the 12-week period ended December 26, 2021, the Company's retail sales as measured by IRI MULO-C increased 11.2% versus the same period last year and increased 10.5% on a two-year CAGR basis versus the same period in 2019.

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UTZ Utz Brands
$16.94 /

+1.005 (+6.31%)

UTZ Utz Brands
$16.94 /

+1.005 (+6.31%)

11/19/21 Citi
Utz Brands price target lowered to $19 from $21 at Citi
10/19/21 Citi
Utz Brands resumed with Buy, $21 price target at Citi
10/18/21 Citi
Utz Brands resumed with a Buy at Citi
08/13/21 Stephens
Utz Brands price target lowered to $23 from $27 at Stephens
UTZ Utz Brands
$16.94 /

+1.005 (+6.31%)

UTZ Utz Brands
$16.94 /

+1.005 (+6.31%)

Over a month ago
Hot Stocks
Utz Brands raises quarterly dividend to 5.4c per share from 5.0c » 16:06
12/09/21
12/09
16:06
12/09/21
16:06
UTZ

Utz Brands

$15.72 /

-0.28 (-1.75%)

Dividend to be paid on…

Dividend to be paid on January 10, 2022 to stockholders of record at the close of business on December 20, 2021.

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UTZ Utz Brands
$15.72 /

-0.28 (-1.75%)

UTZ Utz Brands
$15.72 /

-0.28 (-1.75%)

11/19/21 Citi
Utz Brands price target lowered to $19 from $21 at Citi
10/19/21 Citi
Utz Brands resumed with Buy, $21 price target at Citi
10/18/21 Citi
Utz Brands resumed with a Buy at Citi
08/13/21 Stephens
Utz Brands price target lowered to $23 from $27 at Stephens
UTZ Utz Brands
$15.72 /

-0.28 (-1.75%)

UTZ Utz Brands
$15.72 /

-0.28 (-1.75%)

Hot Stocks
Utz Brands reports IRI MULO-C retail sales update » 08:19
12/07/21
12/07
08:19
12/07/21
08:19
UTZ

Utz Brands

$15.04 /

+0.75 (+5.25%)

Utz Brands reported IRI…

Utz Brands reported IRI MULO-C retail sales for the 4-week and 12-week periods ended October 31 and November 28. The company is providing this interim update of Utz's retail sales trends to correct inaccurately low previously reported syndicated data for these periods due to missing new items. For the four-week period ended October 31, the company's retail sales as measured by IRI MULO-C increased 8.7% versus the same period last year and increased 9.7% on a two-year CAGR basis versus the same period in 2019. For the 12-week period ended October 31, the company's retail sales as measured by IRI MULO-C increased 7.7% versus the same period last year and increased 10.2% on a two-year CAGR basis versus the same period in 2019. For the four-week period ended November 28, the company's retail sales as measured by IRI MULO-C increased 10.9% versus the same period last year and increased 10.8% on a two-year CAGR basis versus the same period in 2019. For the 12-week period ended November 28, the company's retail sales as measured by IRI MULO-C increased 9.7% versus the same period last year and increased 10.6% on a two-year CAGR basis versus the same period in 2019.

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UTZ Utz Brands
$15.04 /

+0.75 (+5.25%)

UTZ Utz Brands
$15.04 /

+0.75 (+5.25%)

11/19/21 Citi
Utz Brands price target lowered to $19 from $21 at Citi
10/19/21 Citi
Utz Brands resumed with Buy, $21 price target at Citi
10/18/21 Citi
Utz Brands resumed with a Buy at Citi
08/13/21 Stephens
Utz Brands price target lowered to $23 from $27 at Stephens
UTZ Utz Brands
$15.04 /

+0.75 (+5.25%)

UTZ Utz Brands
$15.04 /

+0.75 (+5.25%)

Recommendations
Utz Brands price target lowered to $19 from $21 at Citi » 06:32
11/19/21
11/19
06:32
11/19/21
06:32
UTZ

Utz Brands

$16.55 /

-0.155 (-0.93%)

Citi analyst Wendy…

Citi analyst Wendy Nicholson lowered the firm's price target on Utz Brands to $19 from $21 and keeps a Buy rating on the shares. The analyst reduced 2022 estimates to reflect increased commodities, logistics and transportation costs. The cost environment will continue to pressure results for Utz in the near-to-medium term, Nicholson tells investors in a research note.

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UTZ Utz Brands
$16.55 /

-0.155 (-0.93%)

UTZ Utz Brands
$16.55 /

-0.155 (-0.93%)

10/19/21 Citi
Utz Brands resumed with Buy, $21 price target at Citi
10/18/21 Citi
Utz Brands resumed with a Buy at Citi
08/13/21 Stephens
Utz Brands price target lowered to $23 from $27 at Stephens
05/14/21 Stephens
Utz Brands upgraded to Overweight from Equal Weight at Stephens
UTZ Utz Brands
$16.55 /

-0.155 (-0.93%)

UTZ Utz Brands
$16.55 /

-0.155 (-0.93%)

Earnings
Utz Brands sees FY21 adjusted EPS 55c-60c, consensus 59c » 16:23
11/10/21
11/10
16:23
11/10/21
16:23
UTZ

Utz Brands

$16.20 /

+0.295 (+1.86%)

Sees FY21 adjusted EBITDA…

Sees FY21 adjusted EBITDA of $160M-$170M. Utz said: "For the 52-week fiscal year ending January 2, 2022, the company continues to expect fiscal 2021 net sales to be consistent with fiscal 2020 Pro Forma Net Sales with modest organic sales growth year over year. The company's projected pro forma two-year CAGR for fiscal 2021 of approximately 6% is above the company's long-term organic growth outlook of 3%-4%."

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UTZ Utz Brands
$16.20 /

+0.295 (+1.86%)

UTZ Utz Brands
$16.20 /

+0.295 (+1.86%)

10/19/21 Citi
Utz Brands resumed with Buy, $21 price target at Citi
10/18/21 Citi
Utz Brands resumed with a Buy at Citi
08/13/21 Stephens
Utz Brands price target lowered to $23 from $27 at Stephens
05/14/21 Stephens
Utz Brands upgraded to Overweight from Equal Weight at Stephens
UTZ Utz Brands
$16.20 /

+0.295 (+1.86%)

UTZ Utz Brands
$16.20 /

+0.295 (+1.86%)

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