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Stock impact report

Why are Hedge Funds Keen on Utz Brands (UTZ) [Yahoo! Finance]

Utz Brands Inc Class A (UTZ) 
Company Research Source: Yahoo! Finance
On January 12, Bank of America Securities maintained its Buy rating on Utz Brands (NYSE:UTZ), while lowering the target price from $15 to $14. Despite the downward revision, the firm's estimates offer almost 41% upside on the stock. Copyright: margouillat / 123RF Stock Photo The downward revision came after the company's preliminary Q4 results, which showed underperformance in sales. The company reported organic sales growth between 0.3% and 0.6%, which was significantly lower compared to the analyst's own expectations of 2.7% and consensus forecasts of 2.9%. The firm has cited macroeconomic headwinds and the resulting pressure on consumption for such meager growth. The firm also highlighted an unforeseen inventory reduction in the company's warehouse business, which is not expected to prevail beyond the fourth quarter as normality resumes in shipments at the tail end of 2025. Although the organic sales growth forecasts have been lowered from 3% to around 2.5%, it still maintai Show less Read more
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