Oppenheimer Gives a Buy Rating to UTZ Brands (UTZ)

In a report released today, Rupesh Parikh from Oppenheimer assigned a Buy rating to UTZ Brands (UTZ), with a price target of $29.00. The company’s shares closed last Wednesday at $22.73.

According to TipRanks.com, Parikh is a 5-star analyst with an average return of 12.1% and a 65.2% success rate. Parikh covers the Consumer Goods sector, focusing on stocks such as Bj’s Wholesale Club Holdings, The Estée Lauder Companies, and Albertsons Companies.

UTZ Brands has an analyst consensus of Moderate Buy, with a price target consensus of $27.29.

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UTZ Brands’ market cap is currently $3.2B and has a P/E ratio of -12.10. The company has a Price to Book ratio of -2.38.

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Collier Creek Holdings is a blank check company, which engages in effecting a merger, share exchange, asset acquisition, share purchase, reorganization or similar business combination with one or more businesses. The company was founded by Roger K. Deromedi, Jason K. Giordano, and Chinh E. Chu on April 30, 2018 and is headquartered in New York, NY.

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