13 stories mentioning UTZUpdated 17d ago
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UTZ Brands (UTZ) has an average rating of Hold and mean price target of $14.31, according to analysts polled by FactSet.(covers equity, commodity and economic research from major banks and research firms in North America, Asia and Europe. Research providers may contact us here: https://finwires.com/en/contact)
UTZ Brands (UTZ) has an average rating of hold and mean price target of $13.83, according to analysts polled by FactSet.(covers equity, commodity and economic research from major banks and research firms in North America, Asia and Europe. Research providers may contact us here: https://finwires.com/en/contact)
Consumer stocks were mixed late Tuesday afternoon, with the State Street Consumer Staples Select Sector SPDR ETF (XLP) shedding 0.9% and the State Street Consumer Discretionary Select Sector SPDR ETF (XLY) increasing 0.2%.Redbook US same-store sales rose by 7.8% from a year earlier in the week ended July 18 after an 8.2% year-over-year increase in the previous week. Redbook noted brisk demand for the remaining summer merchandise due to hot weather across the country.In corporate news, Hasbro (HAS) raised its full-year revenue guidance after reporting fiscal Q2 results above Wall Street's expectations. Hasbro shares jumped past 8%.America's Car-Mart (CRMT) has been exploring potential asset sales that could result in a complete wind down, either in or out of bankruptcy court protection, Bloomberg reported. Its shares were down 0.6%.Utz Brands (UTZ) shares surged 89% after Germany-based Intersnack agreed to buy the US snacks maker in a $2.9 billion take-private deal.General Motors (GM) lifted its full-year earnings outlook on Tuesday as the carmaker recorded an unexpected year-over-year increase in its Q2 revenue. GM shares climbed 5.1%.
UTZ Brands (UTZ) has an average rating of overweight and mean price target of $12.95, according to analysts polled by FactSet.(covers equity, commodity and economic research from major banks and research firms in North America, Asia and Europe. Research providers may contact us here: https://finwires.com/en/contact)Price: $14.07, Change: $+6.62, Percent Change: +88.86%
Utz Brands (UTZ) shares surged 89% after Germany-based Intersnack said Tuesday it agreed to buy the US snacks maker in a $2.9 billion take-private deal.Over 50.6 million shares traded intraday versus a daily average of roughly 1.9 million.Vivakor's (VIVK) supply and trading unit signed four recurring physical crude oil purchase and sale transactions with two commercial counterparties for an estimated annualized commercial value of about $289.2 million, the company said Tuesday.Shares surged 148% as intraday trading volume catapulted to over 118.5 million from a daily average of about 313,000.Intel (INTC) is planning to lay off workers in its data center group, Business Insider reported Tuesday, citing a company spokesperson. Separately, RBC Capital Markets said in a note that Intel is expected to report a decent Q2 supported by server CPU demand and pricing momentum.Shares jumped 8.2%, with intraday trading volume at more than 64.8 million versus the stock's daily average of about 134.8 million.Price: $14.10, Change: $+6.65, Percent Change: +89.19%
Consumer stocks were mixed Tuesday afternoon, with the State Street Consumer Staples Select Sector SPDR ETF (XLP) falling 1% and the State Street Consumer Discretionary Select Sector SPDR ETF (XLY) adding 0.4%.Redbook US same-store sales rose by 7.8% from a year earlier in the week ended July 18 after an 8.2% year-over-year increase in the previous week. Redbook noted brisk demand for the remaining summer merchandise due to hot weather across the country.In corporate news, Utz Brands (UTZ) shares surged 89% after Germany-based Intersnack agreed to buy the US snacks maker in a $2.9 billion take-private deal.General Motors (GM) lifted its full-year earnings outlook on Tuesday as the carmaker recorded an unexpected year-over-year increase in its Q2 revenue. GM shares climbed 5.3%.Diageo (DEO) Chair John Manzoni is planning a board shake-up to add drinks industry expertise as Chief Executive Dave Lewis leads the company's turnaround, the Financial Times reported. Diageo shares were down 1.2%.
Consumer stocks were mixed Tuesday afternoon, with the State Street Consumer Staples Select Sector SPDR ETF (XLP) falling 1% and the State Street Consumer Discretionary Select Sector SPDR ETF (XLY) adding 0.5%.In corporate news, Utz Brands (UTZ) shares surged 89% after Germany-based Intersnack agreed to buy the US snacks maker in a $2.9 billion take-private deal.
All three major US stock indexes were up in late-morning trading Tuesday, as investors focused on some strong corporate earnings reports.In company news, 3M (MMM) reported Q2 adjusted earnings Tuesday of $2.40 per share, up from $2.16 a year earlier and above the FactSet consensus analyst estimate of $2.25. Second-quarter revenue was $6.5 billion, up from $6.34 billion a year ago and above the FactSet consensus of $6.40 billion. For fiscal 2026, the company expects adjusted EPS of $$8.80 to $8.95, up from its previous outlook of $8.50 to $8.70 and above the FactSet consensus of $8.74. 3M shares were up 8.7% around midday.Novo Nordisk (NVO) said Tuesday it filed a lawsuit against Eli Lilly (LLY) in the US District Court for the District of New Jersey alleging the drugmaker's advertising for Zepbound and Mounjaro violates federal and state false advertising and unfair competition laws. Novo shares were down 0.3%, while Lilly shares were up 1.3%.Utz Brands (UTZ) has entered into a definitive agreement through which Intersnack Group will acquire all of its outstanding common stock for $14.25 per share in cash and take it private, the companies said Tuesday. The price represents an enterprise value of about $2.9 billion and a 91% premium over Utz's closing price on July 20, the companies said. The deal is expected to close in Q4, subject to regulatory and other conditions, they said. Utz shares were up 89.5%.Danaher (DHR) reported Q2 adjusted net earnings Tuesday of $1.94 per diluted share, up from $1.80 a year earlier and above the FactSet consensus of $1.84. Second-quarter sales were $6.27 billion, up from $5.94 billion a year ago and above the FactSet consensus of $6.11 billion. For full-year 2026, the company raised its adjusted diluted EPS guidance to $8.45 to $8.60 from $8.35 to $8.55. Analysts polled by FactSet expect $8.45. Danaher shares were down $14.1%.General Motors (GM) reported Q2 adjusted diluted EPS Tuesday of $3.57, up from $2.53 a year earlier and above the FactSet consensus of $3.19. Second-quarter revenue was $48.03 billion, up from $47.12 billion a year ago and above the FactSet consensus of $47.01 billion. For 2026, the company expects adjusted EPS of $12 to $14, compared with the FactSet consensus of $12.97. GM shares were up 4.0%.MSCI (MSCI) reported Q2 adjusted EPS of $4.94, up from $4.17 a year earlier but below the FactSet consensus of $4.99. Second-quarter operating revenue was $867 million, up from $772.7 million a year ago but below the FactSet consensus of $870.7 million. MSCI shares were down 8.7%.Price: $49.45, Change: $-0.16, Percent Change: -0.33%
Utz Brands' (UTZ) shares soared Tuesday after Germany-based Intersnack Group agreed to acquire the US snacks manufacturer in a $2.9 billion take-private deal.Intersnack, a privately-owned snacks company, will acquire Utz class A shares for $14.25 per share in cash, representing a 91% premium to its July 20 closing price, the companies said Tuesday.Shares of Utz, which owns the On The Border Chips & Dips and Zapp's brands, rallied nearly 89% in Tuesday trade."Intersnack shares our vision for Utz, and their marketing, manufacturing, and technology capabilities will be invaluable as we continue to invest in our brands and accelerate our strategy," Utz Chief Executive Howard Friedman said.The deal is expected to close in the fourth quarter of 2026, subject to Utz shareholder approval and regulatory clearance. The Rice and Lissette Family, Dylan Lissette and certain affiliates, who hold about 42% of Utz's common stock, have agreed to vote in favor of the deal.Upon completion of the deal, Utz common stock will no longer be listed on the New York Stock Exchange, while Dylan Lissette will become executive chair. Intersnack and the Rice and Lissette Family will have equal 50% ownership stakes in the company."Our partnership with the Rice and Lissette Family, and commitment to Utz, represents a compelling opportunity for Intersnack to expand our exposure into the large and attractive US snacking market, where we do not currently have a presence," Intersnack Executive Chairman Johan van Winkel said.Earlier in the year, Utz reported an annual drop in first-quarter adjusted earnings per share and affirmed its 2026 outlook for organic net sales growth of 2% to 3%, assuming a flat salty-snacks category at the midpoint.Utz plans to release second-quarter results on Aug. 5. The consensus on FactSet is for adjusted EPS of $0.18 on revenue of $374.7 million.Price: $14.08, Change: $+6.63, Percent Change: +88.99%
Consumer stocks were mixed premarket Tuesday, with the State Street Consumer Staples Select Sector SPDR ETF (XLP) down 0.1% and the State Street Consumer Discretionary Select Sector SPDR ETF (XLY) 0.1% higher.UTZ Brands (UTZ) has entered into a definitive agreement through which Intersnack Group will acquire all of its outstanding common stock for $14.25 per share in cash and take it private, the companies said. Shares of UTZ Brands were up more than 88% pre-bell.Hasbro (HAS) stock was up more than 3% after the company reported fiscal Q2 adjusted earnings and net revenue that topped analysts' expectations.Genuine Parts (GPC) posted higher Q2 adjusted earnings and net sales. Shares of Genuine Parts were down more than 6% premarket.
Consumer stocks were mixed premarket Tuesday, with the State Street Consumer Staples Select Sector SPDR ETF (XLP) down 0.3% and the State Street Consumer Discretionary Select Sector SPDR ETF (XLY) 0.1% higher.UTZ Brands (UTZ) has entered into a definitive agreement through which Intersnack Group will acquire all of its outstanding common stock for $14.25 per share in cash and take it private, the companies said. Shares of UTZ Brands were up more than 88% pre-bell.
Utz Brands' (UTZ) quarter-to-date trends appear soft but underlying growth remains solid, driven by distribution gains, innovation, and California expansion momentum, RBC Capital Markets said in a note Thursday.Management is optimistic that the company's new products will support topline growth and that the company is well-covered for most of the year on fuel, agricultural commodities, and freight, easing inflationary concerns, according to the note.Full-year guidance for the salty snacks category still assumes an approximately flat growth, which analysts said is appropriate given the noisy Q1 and consumer environment.Following the roughly in-line Q1 results and reaffirmed guidance, the brokerage said it is adjusting its 2026 estimates to reflect organic sales growth of 2.5%, EBITDA growth of 6%, and an EPS decline of 4.1%.RBC Capital Markets maintained its outperform rating on the stock, with a price target of $15.Shares of Utz Brands were down 5% in Thursday trading.Price: $7.88, Change: $-0.42, Percent Change: -5.06%
UTZ Brands (UTZ) is poised to report Q1 results broadly in line with consensus in what is expected to be a noisy quarter, RBC Capital Markets said in a Monday note.The company is scheduled to report its Q1 results on Wednesday.RBC said UTZ's Q1 scanner data is currently tracking 4.1% versus consensus of 2.8%, supported by tailwinds from the Super Bowl and pantry loading ahead of winter storms. However, the brokerage noted that early Q2 data show a material sequential deceleration to -3.4%, driven by weaker volume and some share losses.UTZ is also expected to show early positive signals from its California expansion during Q1, though RBC expects limited near-term financial impact.Additionally, competitive dynamics from PepsiCo's Frito-Lay relaunches of Lay's and Tostitos could add volatility, as roughly three-fifths of UTZ's sales mix comes from potato and tortilla chips, according to the note.RBC also flagged broader category risk from higher oil prices and inflation, which could pressure gas and convenience channel demand for salty snacks.RBC has an outperform rating, with a $15 price target.Price: $7.72, Change: $-0.05, Percent Change: -0.71%
