Utz Brands: Potential Miss In FY24 Adj EPS Guidance [Seeking Alpha]
Utz Brands Inc Class A (UTZ)
Company Research
Source: Seeking Alpha
8min Summary I am neutral on Utz Brands due to a challenging consumer spending environment and increased competition in the snack category. UTZ's ability to meet its FY24 adj EPS growth guidance is uncertain despite strong 1H24 performance. Even if UTZ meets its growth targets, upside is dependent on multiples reverting to historical averages, which is unlikely. The Good Brigade Summary I am neutral on Utz brands ( NYSE: UTZ ). My summarized thesis is that UTZ may miss its FY24 adj EPS growth guidance given the poor consumer spending environment and step up in competition intensity within the snacks category. Even if UTZ were to meet the guidance, upside from here still depends largely on multiples reverting to mean, something that I am not confident will happen. Company overview UTZ manufactures and distributes packaged snack products, such as potato chips, tortilla chips, pretzels, and many others. The business has operations only in the US, where it derives 100%
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UTZ
News
- Utz Brands to Webcast Presentation at the Stephens Annual Investment Conference on November 20 [Yahoo! Finance]Yahoo! Finance
- Utz Brands to Webcast Presentation at the Stephens Annual Investment Conference on November 20Business Wire
- Utz Brands, Inc. (NYSE: UTZ) had its price target lowered by analysts at Mizuho from $24.00 to $21.00. They now have an "outperform" rating on the stock.MarketBeat
- Utz Brands, Inc. (NYSE: UTZ) had its price target raised by analysts at Piper Sandler from $22.00 to $24.00. They now have an "overweight" rating on the stock.MarketBeat
- Is It Too Late To Consider Buying Utz Brands, Inc. (NYSE:UTZ)? [Yahoo! Finance]Yahoo! Finance
UTZ
Earnings
- 10/31/24 - Beat
UTZ
Sec Filings
- 11/14/24 - Form SC
- 11/12/24 - Form 4
- 11/12/24 - Form 4
- UTZ's page on the SEC website