Jim Cramer praised Utz Brands Inc (NYSE:UTZ) on Tuesday morning, calling it a “nice price” and saying he was a fan of its potato chips. Minutes later, the snack maker announced it had agreed to be acquired by Germany’s Intersnack Group in a $14.25-per-share all-cash deal, a 91% premium to Monday’s closing price.
The $2.9 billion take-private deal gives Intersnack—one of Europe’s largest snack companies but with no U.S. presence—an immediate foothold in the American packaged food market.
Once the deal closes, Utz will be delisted from the NYSE, capping a dramatic turnaround for a stock that had fallen nearly 47% over the past year before becoming one of 2026’s biggest consumer-sector takeover winners.
About UTZ
Utz Brands, with a market cap of $1.24 billion, is currently trading near the lower end of its 52-week range, reflecting ongoing challenges in the competitive consumer staples sector. The company’s dividend yield of 3.38% suggests a commitment to returning value to shareholders, despite its P/E ratio being unavailable, which may indicate volatility or recent losses impacting earnings. Historically, the stock’s significant drop from its 52-week high of $14.67 highlights potential concerns over growth prospects or market positioning.
UTZ Price Action: Utz Brands shares were up 88.72% during premarket trading on Tuesday. The stock is approaching its 52-week high of $14.67, according to Benzinga Pro data.
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