Utz
Makes salty snacks under Utz, Zapp’s, Boulder Canyon and On The Border.
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Profile
Produces branded potato chips, tortilla chips, pretzels, cheese snacks and mixes across a multi-brand U.S. portfolio. Its current growth focus centers on Utz, Zapp’s, Boulder Canyon and On The Border, supported by manufacturing and direct-store distribution.
Manufactures branded salty snacks across the United States, including potato chips, tortilla chips, pretzels, cheese snacks, pork skins and pub or party mixes. The portfolio includes Utz, Zapp’s, Boulder Canyon, On The Border, Golden Flake, Hawaiian Brand and Miguelito’s.
Growth strategy concentrates on the Power Four—Utz, Zapp’s, Boulder Canyon and On The Border—after sales of Good Health and R.W. Garcia narrowed the portfolio. Manufacturing operations and direct-store-distribution acquisitions in South Florida, California and the Midwest extend regional distribution. Its NYSE listing remains contingent on closing the pending Intersnack take-private transaction.
Company facts
Categories
Key statistics
Year to date +38.1% · Average volume (30d) 5.4M
Analysts
Ratings
Target range
Latest analyst notes
| Date | Firm | Action | Prior rating | Rating | Prior target | Target |
|---|---|---|---|---|---|---|
| Jul 27, 2026 | BTIG | Downgrade | Buy | Neutral | ||
| Jul 23, 2026 | Piper Sandler | Downgrade | Overweight | Neutral | ||
| Jul 22, 2026 | UBS | Reiterate | Neutral | $8 | $14.25 | |
| Jul 22, 2026 | DA Davidson | Downgrade | Buy | Neutral | $15 | $14.25 |
| Jul 21, 2026 | Jefferies | Downgrade | Hold | $14.25 |
Earnings
EPS
Revenue
History
| Report date | EPS est | EPS | Surprise | Revenue est | Revenue | Surprise | Next session |
|---|---|---|---|---|---|---|---|
| Aug 5, 2026Q2 FY26 | $0.18 | $0.19 | +2.9% | $374.2M | $371.8M | −0.6% | +0.07% |
| May 6, 2026Q1 FY26 | $0.14 | $0.15 | +7.1% | $361.8M | $361.3M | −0.1% | −6.99% |
| Feb 12, 2026Q4 FY25 | $0.26 | $0.26 | 0.0% | $343.4M | $342.2M | −0.4% | +3.89% |
| Oct 30, 2025Q3 FY25 | $0.23 | $0.23 | 0.0% | $351.1M | $377.8M | +7.6% | +0.86% |
Financial highlights
| 12 quarters | Q1 FY25 | Q2 FY25 | Q3 FY25 | Q4 FY25 | Q1 FY26 | Q2 FY26 | |
|---|---|---|---|---|---|---|---|
| Revenue | $352.1M | $366.7M | $377.8M | $342.2M | $361.3M | $371.8M | |
| Gross profit | $118.2M | $126.8M | $126.9M | −$22.6M | $91.9M | $96.2M | |
| Operating income | $5.7M | $6.4M | $3.3M | −$80.0M | $6.5M | −$5.5M | |
| Net income | $7.5M | $10.5M | −$14.7M | −$2.5M | −$1.7M | −$10.1M | |
| Diluted EPS | $0.09 | $0.12 | −$0.17 | −$0.03 | −$0.02 | −$0.11 | |
| Gross margin | 33.6% | 34.6% | 33.6% | -6.6% | 25.4% | 25.9% | |
| Operating margin | 1.6% | 1.7% | 0.9% | -23.4% | 1.8% | -1.5% |
Fiscal years (4-quarter sums)FY21 $1.18B · FY22 $1.41B · FY23 $1.44B · FY24 $1.41B · FY25 $1.44B
Revenue by product · Q2 FY26
Balance sheet, Jun 28, 2026Cash & short-term investments $58.6M · Total debt $1.03B · Total assets $2.78B · Shareholders' equity $695.9M
Dividends
Raised for 4 straight years — most recently to $0.063 from $0.061 in Dec 2025. To collect a payout, hold shares through the close before the ex-date.
History
| Ex-date | Record | Paid | Amount | Note |
|---|---|---|---|---|
| Jun 22, 2026 | Jun 22 | Jul 2 | $0.063 | |
| Apr 13, 2026 | Apr 13 | Apr 23 | $0.063 | |
| Dec 15, 2025 | Dec 15 | Jan 2 | $0.063 | raised from $0.061 |
| Sep 15, 2025 | Sep 15 | Oct 2 | $0.061 | |
| Jun 16, 2025 | Jun 16 | Jul 3 | $0.061 | |
| Apr 7, 2025 | Apr 7 | Apr 24 | $0.072 | special dividend |
| Dec 16, 2024 | Dec 16 | Jan 2 | $0.061 | raised from $0.059 |
| Sep 16, 2024 | Sep 16 | Oct 3 | $0.07 | special dividend |
Ownership
Shares outstanding 88.61M · Float 77.62M · 87.6% free float
Top shareholders13F · 13D/G · Form 4
| Holder | Shares | % outstanding | Form | Filed |
|---|---|---|---|---|
| Series U of UM Partners, LLC | 50.62M | 37.30% | 13D | Jul 22, 2026 |
| BlackRock, Inc. | 6.12M | 6.91% | 13F | Aug 7, 2026 |
| Neuberger Berman Group LLC | 4.18M | 5.10% | 13G | Feb 4, 2025 |
| Vanguard Portfolio Management LLC | 4.07M | 4.59% | 13F | Aug 13, 2026 |
| Copeland Capital Management, LLC | 3.96M | 4.47% | 13F | Aug 4, 2026 |
Insider tradesForm 4
| Date | Insider | Role | Shares | Avg price |
|---|---|---|---|---|
| Dec 31, 2025 | James Sponaugle | officer: EVP & Chief People Officer | +679 | $9.86 |
| Dec 31, 2025 | Theresa Robbins Shea | officer: EVP, Chief Legal Officer | +702 | $9.86 |
| Nov 20, 2025 | Series U of UM Partners, LLC | 10 percent owner | +6,650 | $9.53 |
| Nov 21, 2025 | Series U of UM Partners, LLC | 10 percent owner | +70,379 | $9.60 |
| Nov 24, 2025 | Series U of UM Partners, LLC | 10 percent owner | +7,971 | $9.51 |
Peers
- PepsiCo
Broad Frito-Lay overlap in chips, tortilla chips, cheese snacks, and DSD
- Campbell's
Salty-snack overlap in pretzels, potato chips, and retail shelf space
- Hershey
Salty-snack overlap in pretzels, popcorn, and cheese-puff snack occasions
- General Mills
Party-mix overlap through Chex Mix in salty-snack eating occasions
CompareAfter-hours close
| Company | Price | Change | |||||
|---|---|---|---|---|---|---|---|
| Utz | $14.20 | −0.07% | $1.26B | — | 17.3 | 0.9 | +1.4% |
| PepsiCo | $141.75 | +0.48% | $192.70B | 18.5 | 16.2 | 2.0 | +6.4% |
| Campbell's | $23.49 | +0.43% | $6.98B | 11.5 | 12.5 | 0.7 | −4.4% |
| Hershey | $179.10 | +0.03% | $36.31B | 24.5 | 19.4 | 3.0 | +6.6% |
| General Mills | $41.13 | −1.02% | $22.18B | — | 13.7 | 1.2 | +1.2% |
| Median | 18.5 | 14.9 | 1.6 | +3.8% |