DA Davidson Reiterates Buy Rating on Utz Brands (UTZ)

DA Davidson analyst Brian Holland reiterated a Buy rating and $16.00 price target on Utz Brands (NYSE: UTZ).

The analyst commented, "UTZ second quarter results matched our street high forecast on the top line, as well as our below consensus adjusted EBITDA. Consistent with the thesis advanced in our April 24 upgrade, the company is comfortably outperforming broader salty snacks as category promotion stabilizes. And we see tangible evidence UTZ is positioned to deliver on its implied (slightly) higher revised 2H25 outlook, pointing to recent acceleration of distribution gains in scanner and this morning's announced footprint optimization. In our view, this distinguishes the company from the majority of its peer set -- as such, we are comfortable buying the stock here."

For an analyst ratings summary and ratings history on Utz Brands click here. For more ratings news on Utz Brands click here.

Shares of Utz Brands closed at $13.03 yesterday.

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