UTZ - Utz Brands Continues To Become More Expensive
- Snack maker Utz Brands combined with SPAC Collier Creek Holdings in August 2020 and became publicly traded.
- Utz Brands was founded 99 years ago and distributes a wide portfolio of well-known and widely distributed snacks through a variety of merchants.
- While the brands are performing strongly, the share price has climbed 61% since the combination was announced, and despite pulling back from a new high this week, is still expensive.
- Additionally, accretive acquisitions are likely to improve earnings but not cause them to skyrocket, continuing the lofty valuation of Utz Brands.
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Utz Brands Continues To Become More Expensive