In a report released today, Nik Modi from RBC Capital maintained a Buy rating on UTZ Brands (UTZ – Research Report), with a price target of $19.00. The company’s shares closed yesterday at $18.17.
According to TipRanks, Modi is a 5-star analyst with an average return of 6.5% and a 60.80% success rate. Modi covers the Consumer Defensive sector, focusing on stocks such as Clorox, Colgate-Palmolive, and Constellation Brands.
UTZ Brands has an analyst consensus of Moderate Buy, with a price target consensus of $18.27, implying a 0.55% upside from current levels. In a report released on February 2, TD Cowen also assigned a Buy rating to the stock with a $20.00 price target.
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Based on UTZ Brands’ latest earnings release for the quarter ending September 30, the company reported a quarterly revenue of $371.85 million and a net profit of $15.99 million. In comparison, last year the company earned a revenue of $362.82 million and had a GAAP net loss of $888 thousand
Based on the recent corporate insider activity of 49 insiders, corporate insider sentiment is positive on the stock. This means that over the past quarter there has been an increase of insiders buying their shares of UTZ in relation to earlier this year.
TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.
UTZ Brands (UTZ) Company Description:
Collier Creek Holdings is a blank check company, which engages in effecting a merger, share exchange, asset acquisition, share purchase, reorganization or similar business combination with one or more businesses. The company was founded by Roger K. Deromedi, Jason K. Giordano, and Chinh E. Chu on April 30, 2018 and is headquartered in New York, NY.
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