Hansen, Mueller Industries director, sells $105,710 in stock
Investing.com - UBS maintained its Neutral rating and $13.50 price target on Utz Brands (NYSE:UTZ), which currently trades at $12.37, ahead of the snack maker’s upcoming third-quarter earnings report in 10 days. According to InvestingPro data, analyst targets range from $13.50 to $20.00, suggesting potential upside.
The investment bank forecasts third-quarter earnings per share of $0.24, slightly above both Visible Alpha and FactSet consensus estimates of $0.23 per share. InvestingPro analysis reveals that 10 analysts have recently revised their earnings expectations downward for the upcoming period.
UBS noted that Utz Brands’ tracked sales trends continue to outperform the broader snack category despite challenging operating conditions, creating a potentially favorable setup for the company’s quarterly results.
Utz shares have declined 9% since early August, underperforming both the Consumer Staples Select Sector SPDR Fund (XLP) by 7.6% and other packaged food peers by 6%. This weakness likely reflects negative sentiment surrounding the salty snacks category and skepticism about sustained top-line growth amid persistent category and macroeconomic pressures.
While UBS believes strong quarterly results could drive share price outperformance in the near term, it maintains that fundamental issues affecting investor sentiment are unlikely to change significantly following the earnings report.
In other recent news, Utz Brands Inc. announced its second-quarter 2025 earnings, highlighting steady growth amid strategic shifts. The company reported mixed financial performance but remains optimistic about its future prospects. Utz Brands is focusing on enhancing operational efficiency and expanding market penetration. These developments are supported by a robust product portfolio and strategic market expansion initiatives. Despite the mixed financial results, the company has expressed confidence in its long-term growth plans. The earnings report reflects the company’s strategic efforts to position itself for sustained growth. Utz Brands continues to prioritize initiatives that could enhance its market presence and operational capabilities.
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