In a challenging market environment, Utz Brands Inc. (NYSE: UTZ) stock has touched a 52-week low, dipping 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 headwinds that have pressured its stock price over the past year. According to InvestingPro analysis, the company maintains healthy liquidity with a current ratio of 1.21, though trading near its lowest levels. Investors have witnessed a notable decline, with the Collier Creek 1-year change showing a decrease of -18.62%. This downturn reflects broader market trends and possibly company-specific factors that have led to reduced investor confidence, culminating in the stock's current low point. As Utz Brands continues to navigate through these market conditions, stakeholders are closely monitoring its strategies for recovery and growth. Wall Street analysts maintain optimistic targets ranging from $17 to $23, suggesting potential upside. For deeper insights into UTZ's valuation and growth prospects, access the comprehensive Pro Research Report available on InvestingPro, which covers over 1,400 US stocks.
In other recent news, Utz Brands saw a reduction in its stock target from $24 to $20 by Piper Sandler, although the firm maintained an Overweight rating on the company's shares. Piper Sandler also adjusted its earnings per share estimates for Utz Brands, reducing the 2025 forecast from $0.83 to $0.81 and the 2026 estimate from $0.96 to $0.94. Meanwhile, Mizuho (NYSE:MFG) Securities lowered their price target for Utz Brands to $21.00 from the earlier $24.00, while maintaining an Outperform rating.
In the snack products sector, Utz Brands announced an increase in its annual dividend, marking its fourth consecutive year of dividend increases. The company also reported steady growth in its third quarter of 2024 earnings. The full-year organic growth outlook was reaffirmed at 2% to 2.5%, with kettle production capacity expansion planned to start in Q1 2025.
RBC analysts named Utz Brands as a top pick in the U.S. Beverages, Home and Personal Care, and Packaged Food sectors, citing the company's superior volume-driven top line. Utz Brands also saw an increase in its stock target from Piper Sandler, from $22 to $24, with the firm maintaining an Overweight rating. These are recent developments in the respective companies.
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