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Investing.com - RBC Capital has reiterated an Outperform rating on Utz Brands (NYSE:UTZ) with a price target of $20.00, representing a potential 41% upside from the current price of $14.19. According to InvestingPro data, the company trades at a P/E ratio of 42.9x, with analysts expecting net income growth this year.
The investment firm maintained its positive outlook on the snack food company despite acknowledging broader challenges in the food category.
RBC noted its Q2 top-line estimates for Utz are now aligned with consensus expectations, implying a modest sequential deceleration from the previous quarter and in the underlying two-year average rate.
While the firm acknowledged that Utz’s previous quarter benefited from bonus pack promotions, RBC believes its current estimates remain achievable as distribution gains continue to ramp up, with additional support from the Easter timing shift.
RBC highlighted that despite industry headwinds, Utz continues to demonstrate relatively robust sales and volume growth along with market share gains, factors that support the firm’s positive view on the stock.
In other recent news, Utz Brands reported its first-quarter earnings for 2025, meeting analyst expectations with an earnings per share (EPS) of $0.16. The company also reported revenue of $352.1 million, which exceeded the forecast of $345.61 million. DA Davidson maintained its Buy rating for Utz Brands, keeping a price target of $16, while noting that the company’s first-quarter performance surpassed top-line expectations. Barclays (LON:BARC) also maintained its Overweight rating on Utz Brands, although it lowered the stock price target to $16 from $17, reflecting adjustments in earnings expectations for future quarters. Additionally, Utz Brands declared a regular quarterly cash dividend of $0.061 per share, demonstrating its commitment to shareholder value. The company appointed Trevor Martin as Senior Vice President of Investor Relations, bringing significant experience from his previous roles at Victory Capital and other firms. These developments highlight Utz Brands’ ongoing efforts to manage investor relations and financial performance effectively.
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