Added to YB: 2026-09-04
Pitch date: 2026-09-02
UTZ [neutral]
Utz Brands, Inc.
+0.14%
current return
Author Info
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Company Info
Utz Brands, Inc. manufactures branded salty snacks in the United States. The company provides a range of salty snack food products, such as potato chips, tortilla chips, pretzels, cheese snacks, pub and party mixes, pork skins, and ready-to-eat popcorn, as well as other snacks which include salsa and dips; and non-branded and non-salty snacks comprising partner brands, private label, and co-manufacturing products.
Market Cap
$1.3B
Pitch Price
$14.20
Price Target
N/A
Dividend
1.77%
EV/EBITDA
31.43
P/E
-43.02
EV/Sales
1.96
Sector
Food Products
Category
special_situation
$UTZ: the family gets 44 million on the side, and puts 33 of it straight back in
UTZ (overview): Utz’s $14.25 take-private offers no merger-arbitrage trade at a $14.20 share price and 0.35% gross spread; the price is defensible against Citi’s $10.60-$14.80 DCF range. The issue to monitor is structure: the controlling family receives $44 million to terminate a tax receivable agreement and reinvests $33 million at $14.25. Watch the definitive proxy, disinterested-stockholder opposition, appraisal activity and any challenge to the Delaware safe harbor.
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