Needham Picks Utz Brands as a Conviction List Pick
January 5, 2024
🌥️Trending News
Needham has recently added Utz Brands ($NYSE:UTZ) to its conviction list, which is a list of stocks seen as having a bright future. Utz Brands sources its ingredients from local farms, which helps it produce high-quality snacks that have become a go-to for consumers. The company also focuses on sustainability initiatives, such as reusing materials and using recycled inputs in its packaging. With its dedication to providing quality snacks and commitment to sustainability, Needham has recognized Utz Brands as a stock with a promising future.
Share Price
Following the announcement, the stock opened at $16.7 and closed at $17.0, up by 4.2% from the previous closing price of 16.4. This announcement reflects the trust and confidence analysts have in the company, and indicates that UTZ BRANDS may see further growth in the future. Investors have responded positively to the news, driving the stock price up and further strengthening the company’s position as a strong player in its industry. Live Quote…
About the Company
Income Snapshot
Below shows the total revenue, net income and net margin for Utz Brands. More…
| Total Revenues | Net Income | Net Margin |
| 1.44k | 17.63 | 1.0% |
Cash Flow Snapshot
Below shows the cash from operations, investing and financing for Utz Brands. More…
| Operations | Investing | Financing |
| 89.25 | -60.63 | -20.33 |
Balance Sheet Snapshot
Below shows the total assets, liabilities and book value per share for Utz Brands. More…
| Total Assets | Total Liabilities | Book Value Per Share |
| 2.8k | 1.36k | 8.7 |
Key Ratios Snapshot
Some of the financial key ratios for Utz Brands are shown below. More…
| 3Y Rev Growth | 3Y Operating Profit Growth | Operating Margin |
| 15.2% | -17.2% | 1.9% |
| FCF Margin | ROE | ROA |
| 1.7% | 2.4% | 0.6% |
Analysis
GoodWhale conducted a thorough analysis of UTZ BRANDS‘s wellbeing and was able to classify them as a ‘rhino’, indicating moderate revenue or earnings growth. Our Star Chart showed that UTZ BRANDS was strong in dividend, medium in growth, profitability and weak in asset, earning it an intermediate health score of 6/10. This likely means that UTZ BRANDS is able to sustain future operations in times of crisis. Given such performance, we believe that UTZ BRANDS may be of interest to a variety of investors. Those looking for capital appreciation may want to consider the company’s potential for growth, while those looking for income may appreciate the company’s solid dividend returns. Furthermore, UTZ BRANDS’ moderate risk profile may be attractive to conservative investors who want to minimize potential losses. More…
Peers
The competition between Utz Brands Inc and its competitors is fierce. Each company is vying for market share and customer loyalty. Utz Brands Inc has a strong brand and loyal following, but its competitors are not to be underestimated. Sanderson Farms Inc, Cal-Maine Foods Inc, and The Simply Good Foods Co are all major players in the packaged food industry. They each have their own strengths and weaknesses, but they all pose a serious threat to Utz Brands Inc.
– Sanderson Farms Inc ($NASDAQ:CALM)
Cal-Maine Foods Inc is an American egg producer. The company was founded in 1969 and is headquartered in Jackson, Mississippi. Cal-Maine Foods is the largest producer of fresh eggs in the United States, with approximately 32 million laying hens and a 15% share of the US egg market. The company sells its eggs under the brands Eggland’s Best, Farmhouse, and David’s.
Cal-Maine Foods has a market cap of 2.81B as of 2022 and a Return on Equity of 20.18%. The company is the largest producer of fresh eggs in the United States, with approximately 32 million laying hens and a 15% share of the US egg market. The company sells its eggs under the brands Eggland’s Best, Farmhouse, and David’s.
– Cal-Maine Foods Inc ($NASDAQ:SMPL)
The Simply Good Foods Co has a market cap of 3.74B as of 2022, a Return on Equity of 7.5%. The company produces and sells low-carbohydrate, high-protein food products under the Atkins, Simply Good Foods, and Scharffen Berger brands. It has a wide variety of products, including bars, shakes, meals, and snacks. The company’s products are designed to help people lose weight and manage their blood sugar levels.
Summary
UTZ Brands is an American snack food company that was recently picked up by Needham’s conviction list. This has had a positive impact on the stock price, with the share price increasing on the same day as the announcement of the pick. As an investor, UTZ Brands is an attractive option due to its solid financials, strong brand recognition, and consistent growth in revenue over the last several years.
Additionally, its broad portfolio of products provides a diversified source of income and with its acquisitions of several leading snack food companies it is in a prime position to expand even further. All of this indicates that UTZ Brands is a strong investment option with a healthy outlook for potential growth.
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