Shares of HOSTESS BRANDS (NASDAQ:TWNK) have been given a consensus recommendation of “Buy” by the eight brokerages that are presently covering the firm, MarketBeat.com reports. Two equities research analysts have rated the stock with a hold recommendation, five have given a buy recommendation and one has assigned a strong buy recommendation to the company. The average 1-year price objective among brokers that have issued a report on the stock in the last year is $17.67.
Several research analysts recently commented on TWNK shares. Royal Bank Of Canada started coverage on HOSTESS BRANDS in a research report on Monday. They set an “outperform” rating and a $16.00 price target for the company. Zacks Investment Research raised HOSTESS BRANDS from a “sell” rating to a “hold” rating in a research report on Friday, May 26th. BidaskClub raised HOSTESS BRANDS from a “hold” rating to a “buy” rating in a research report on Friday, June 9th. Finally, UBS AG started coverage on HOSTESS BRANDS in a research report on Monday, July 31st. They set a “neutral” rating and a $16.00 price target for the company.
HOSTESS BRANDS (NASDAQ:TWNK) traded down 1.37% during midday trading on Friday, reaching $13.66. The company had a trading volume of 680,700 shares. The company’s 50-day moving average is $13.71 and its 200 day moving average is $15.46. The company’s market cap is $1.37 billion. HOSTESS BRANDS has a 52-week low of $10.67 and a 52-week high of $17.18.
HOSTESS BRANDS (NASDAQ:TWNK) last posted its quarterly earnings data on Tuesday, August 8th. The company reported $0.18 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.19 by ($0.01). The company had revenue of $203.18 million during the quarter, compared to analyst estimates of $205.41 million. On average, equities research analysts forecast that HOSTESS BRANDS will post $0.59 EPS for the current year.
In related news, insider Michael John Cramer purchased 5,000 shares of HOSTESS BRANDS stock in a transaction that occurred on Friday, August 11th. The stock was purchased at an average cost of $13.98 per share, with a total value of $69,900.00. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO William Douglas Toler purchased 75,000 shares of HOSTESS BRANDS stock in a transaction that occurred on Friday, August 11th. The shares were bought at an average cost of $13.86 per share, with a total value of $1,039,500.00. Following the completion of the transaction, the chief executive officer now directly owns 560,000 shares of the company’s stock, valued at approximately $7,761,600. The disclosure for this purchase can be found here. Corporate insiders own 25.50% of the company’s stock.
Hedge funds and other institutional investors have recently modified their holdings of the stock. Ameritas Investment Partners Inc. acquired a new position in HOSTESS BRANDS during the second quarter valued at approximately $113,000. First Trust Bank Ltd. acquired a new stake in shares of HOSTESS BRANDS in the first quarter valued at approximately $159,000. BNP Paribas Arbitrage SA lifted its position in shares of HOSTESS BRANDS by 896.1% in the second quarter. BNP Paribas Arbitrage SA now owns 9,881 shares of the company’s stock valued at $159,000 after buying an additional 8,889 shares during the last quarter. Sei Investments Co. acquired a new stake in shares of HOSTESS BRANDS in the first quarter valued at approximately $166,000. Finally, Amalgamated Bank acquired a new stake in shares of HOSTESS BRANDS in the second quarter valued at approximately $170,000. 77.51% of the stock is owned by hedge funds and other institutional investors.
About HOSTESS BRANDS
Hostess Brands, Inc, a packaged food company, focuses on developing, manufacturing, marketing, selling, and distributing fresh sweet baked goods in the United States. The company operates in two segments, Sweet Baked Goods and Other. Its principal product lines include Twinkies, Zingers, Donettes, coffee cakes, cupcakes, cinnamon rolls, Ding Dongs, honey buns, fruit pies, Sno Balls, mini muffins, Chocodiles, Ho Hos, brownies, Suzy Qs, bread and buns, danishes, jumbo muffins, iced cookies, eclairs, and madeleines.
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