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Stock impact report

Utz Brands' California Expansion May Be A Great Decision [Seeking Alpha]

Utz Brands Inc Class A (UTZ) 
Company Research Source: Seeking Alpha
UTZ's adjusted gross margin rose 560 bps to 36.5%, and its dividend has grown, with a current forward yield of 2.6% and a 30% payout ratio. Geographic expansion, especially into California, is a risk but leverages on-trend brands like Boulder Canyon and On the Border for growth. My fair value target is $13.24 per share—36% above the current price—supported by improving margins and successful prior route acquisitions. Kesu01/iStock via Getty Images Utz Brands ( UTZ ) is a Midwestern company that recently bought additional distribution routes in California. This company already sells its snacks, such as Boulder Canyon potato chips and On the Border chips and salsa, in California. Now, it's planning This article was written by Analyst's Disclosure: I/we have no stock, option or similar derivative position in any of the companies mentioned, and no plans to initiate any such positions within the next 72 hours. I wrote this article myself, and it expresses my own opinions. I am Show less Read more
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