Top 10 Small Cap Stocks to Buy with the Highest Upside Potential

5. UTZ Brands, Inc. (NYSE:UTZ)

Analyst Upside: 55.56%

Market Cap: $1.13 billion 

Number of Hedge Fund Holders: 12

UTZ Brands, Inc. (NYSE:UTZ) markets, manufactures, and distributes branded snacks. Its portfolio includes a range of salty snacking products, such as pretzels, potato chips, veggie, cheese, and pork skins. The company’s brands include Utz, Golden Flake, Zapp’s, Good Health, Hawaiian, and Boulder Canyon.

The company’s organic net sales grew by 1.9% in fiscal Q3 2024. This growth was led by branded volume growth supported by marketing investments and increased distribution. The company also drove the 7th consecutive quarter of year-over-year adjusted EBITDA margin expansion, attributed to strong productivity.

In addition, UTZ Brands, Inc. (NYSE:UTZ) gained market share in the Salty Snack category for the fifth consecutive quarter while maintaining a disciplined pricing strategy. With consumers seeking more value, the company is adjusting its portfolio to expand geographically and increase household penetration without compromising value and quality. It is also transforming its supply chain to fund growth and margin improvement through accelerated network optimization, strong progress in its productivity programs, and increasing investments in its scale plants. UTZ Brands, Inc. (NYSE:UTZ) ranks fifth on our list of the top 10 small cap stocks to buy with the highest upside potential.