In a challenging market environment, Utz Brands Inc. (NYSE: UTZ ) stock touched a 52-week low, falling 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, although trading close to its lowest level. Investors witnessed a remarkable decline, with the Collier Creek 1-year change showing a decline of -18.62%. This decline reflects broader market trends and possibly company-specific factors that have led to a decline in investor confidence, culminating in the stock’s current low point. As Utz Brands continues to navigate these market conditions, stakeholders are keeping a close eye on its strategies for recovery and growth. Wall Street analysts maintained optimistic targets from $17 to $23, suggesting potential upside. For a deeper understanding of UTZ’s valuation and growth prospects, access the comprehensive Pro Research Report available at InvestingProcovering over 1,400 US stocks.

In other recent news, Utz Brands has seen a reduction in its stock target from $24 to $20 by Piper Sandler, although the company maintains an Overweight rating on the company’s shares. Piper Sandler also revised its earnings per share estimates for Utz Brands, lowering its 2025 forecast from $0.83 to $0.81 and its 2026 estimate from $0.96 to $0.94. Meanwhile, Mizuho (NYSE:) Securities lowered their price target for Utz Brands to $21.00 from $24.00 previously, while maintaining an Outperform rating.

In the snack products sector, Utz Brands announced an increase in its annual dividend, marking the fourth consecutive year of dividend increases. The company also reported steady growth in third quarter 2024 earnings. The full-year organic growth outlook is reaffirmed at 2% to 2.5%, with expansion of kettle production capacity planned to begin in Q1 2025.

RBC analysts named Utz Brands as a top pick in the US, 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 company maintaining an Overweight rating. These are the recent developments of the respective companies.

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