5 Best Small-Cap Consumer Staples Stocks to Buy Under $30

3. Utz Brands Inc. (NYSE:UTZ)

Utz Brands Inc. (NYSE:UTZ) is one of the 10 best small-cap consumer staples stocks to buy under $30.

As of the March 20 closing, consensus sentiment for Utz Brands Inc. (NYSE:UTZ) remained strongly bullish. The stock received coverage from 8 analysts, 6 of whom assigned Buy ratings and 2 of whom gave Hold ratings. With no Sell rating, it has a projected median 1-year price target of $13.13, resulting in an upside potential of more than 74% at the prevailing level.

On February 23, Mizuho analyst John Baumgartner reduced the firm’s price target on Utz Brands Inc. (NYSE:UTZ) from $16 to $14. The analyst maintained an Outperform rating on the shares, which now offer a revised upside potential of almost 86%.

The revision comes as the firm updated its food producer models following insights from recent CAGNY presentations.

On February 13, UBS reduced its price target on Utz Brands Inc. (NYSE:UTZ) to $10 from $11. The firm reaffirmed its Neutral rating on the stock, which currently yields an adjusted upside of almost 33% following the revision. The firm notes that competitive pressures will likely keep the stock range-bound in the near term.

Utz Brands Inc. (NYSE:UTZ) sells snack food to consumers, warehouse clubs, and merchandisers. The company markets and distributes its products under various brands such as Utz, Golden Flake, Hawaiian, Bachman, TGI Fridays, and more. Their offerings include pretzels, potato chips, tortillas, pub/party mixes, and ready-to-eat popcorn.