Hostess Brands (TWNK) Now Covered by J P Morgan Chase & Co

J P Morgan Chase & Co started coverage on shares of Hostess Brands (NASDAQ:TWNK) in a research note issued to investors on Wednesday. The firm set a “neutral” rating and a $15.00 price target on the stock. J P Morgan Chase & Co’s price objective would indicate a potential upside of 7.45% from the stock’s previous close.

A number of other equities research analysts have also recently commented on TWNK. Zacks Investment Research upgraded shares of Hostess Brands from a “sell” rating to a “buy” rating and set a $17.00 target price on the stock in a research note on Thursday, July 13th. UBS AG initiated coverage on shares of Hostess Brands in a research report on Monday, July 31st. They set a “neutral” rating and a $16.00 price objective on the stock. Royal Bank Of Canada initiated coverage on shares of Hostess Brands in a research report on Monday, September 18th. They set an “outperform” rating and a $16.00 price objective on the stock. Finally, Morgan Stanley initiated coverage on shares of Hostess Brands in a research report on Monday, September 25th. They set an “equal weight” rating and a $14.00 price objective on the stock. Four equities research analysts have rated the stock with a hold rating, five have assigned a buy rating and one has assigned a strong buy rating to the company. Hostess Brands has an average rating of “Buy” and a consensus target price of $16.89.

Hostess Brands (NASDAQ:TWNK) opened at 13.96 on Wednesday. The stock’s market cap is $1.40 billion. Hostess Brands has a 1-year low of $10.70 and a 1-year high of $17.18. The firm has a 50-day moving average of $13.58 and a 200-day moving average of $15.24.

Hostess Brands (NASDAQ:TWNK) last released its earnings results on Tuesday, August 8th. The company reported $0.18 EPS for the quarter, missing analysts’ consensus estimates of $0.19 by ($0.01). The business had revenue of $203.18 million for the quarter, compared to the consensus estimate of $205.41 million. Analysts expect that Hostess Brands will post $0.59 EPS for the current fiscal year.

WARNING: This story was first reported by The Ledger Gazette and is the sole property of of The Ledger Gazette. If you are reading this story on another domain, it was stolen and reposted in violation of United States & international copyright law. The original version of this story can be accessed at https://ledgergazette.com/2017/10/11/hostess-brands-twnk-earns-hold-rating-from-analysts-at-j-p-morgan-chase-co.html.

In other Hostess Brands news, 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 price of $13.86 per share, for a total transaction of $1,039,500.00. Following the completion of the transaction, the chief executive officer now owns 560,000 shares of the company’s stock, valued at approximately $7,761,600. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Michael John Cramer purchased 5,000 shares of Hostess Brands stock in a transaction that occurred on Friday, August 11th. The stock was acquired at an average price of $13.98 per share, for a total transaction of $69,900.00. The disclosure for this purchase can be found here. Company insiders own 25.50% of the company’s stock.

Institutional investors and hedge funds have recently made changes to their positions in the stock. Ameritas Investment Partners Inc. bought a new stake in Hostess Brands in the second quarter worth $113,000. BNP Paribas Arbitrage SA increased its position in Hostess Brands by 896.1% in the second quarter. BNP Paribas Arbitrage SA now owns 9,881 shares of the company’s stock worth $159,000 after purchasing an additional 8,889 shares during the last quarter. Sei Investments Co. bought a new stake in Hostess Brands in the first quarter worth $166,000. Amalgamated Bank

A number of other equities research analysts have also recently commented on TWNK. Zacks Investment Research upgraded shares of Hostess Brands from a “sell” rating to a “buy” rating and set a $17.00 target price on the stock in a research note on Thursday, July 13th. UBS AG initiated coverage on shares of Hostess Brands in a research report on Monday, July 31st. They set a “neutral” rating and a $16.00 price objective on the stock. Royal Bank Of Canada initiated coverage on shares of Hostess Brands in a research report on Monday, September 18th. They set an “outperform” rating and a $16.00 price objective on the stock. Finally, Morgan Stanley initiated coverage on shares of Hostess Brands in a research report on Monday, September 25th. They set an “equal weight” rating and a $14.00 price objective on the stock. Four equities research analysts have rated the stock with a hold rating, five have assigned a buy rating and one has assigned a strong buy rating to the company. Hostess Brands has an average rating of “Buy” and a consensus target price of $16.89.

Hostess Brands (NASDAQ:TWNK) opened at 13.96 on Wednesday. The stock’s market cap is $1.40 billion. Hostess Brands has a 1-year low of $10.70 and a 1-year high of $17.18. The firm has a 50-day moving average of $13.58 and a 200-day moving average of $15.24.

Hostess Brands (NASDAQ:TWNK) last released its earnings results on Tuesday, August 8th. The company reported $0.18 EPS for the quarter, missing analysts’ consensus estimates of $0.19 by ($0.01). The business had revenue of $203.18 million for the quarter, compared to the consensus estimate of $205.41 million. Analysts expect that Hostess Brands will post $0.59 EPS for the current fiscal year.

WARNING: This story was first reported by The Ledger Gazette and is the sole property of of The Ledger Gazette. If you are reading this story on another domain, it was stolen and reposted in violation of United States & international copyright law. The original version of this story can be accessed at https://ledgergazette.com/2017/10/11/hostess-brands-twnk-earns-hold-rating-from-analysts-at-j-p-morgan-chase-co.html.

In other Hostess Brands news, 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 price of $13.86 per share, for a total transaction of $1,039,500.00. Following the completion of the transaction, the chief executive officer now owns 560,000 shares of the company’s stock, valued at approximately $7,761,600. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Michael John Cramer purchased 5,000 shares of Hostess Brands stock in a transaction that occurred on Friday, August 11th. The stock was acquired at an average price of $13.98 per share, for a total transaction of $69,900.00. The disclosure for this purchase can be found here. Company insiders own 25.50% of the company’s stock.

Institutional investors and hedge funds have recently made changes to their positions in the stock. Ameritas Investment Partners Inc. bought a new stake in Hostess Brands in the second quarter worth $113,000. BNP Paribas Arbitrage SA increased its position in Hostess Brands by 896.1% in the second quarter. BNP Paribas Arbitrage SA now owns 9,881 shares of the company’s stock worth $159,000 after purchasing an additional 8,889 shares during the last quarter. Sei Investments Co. bought a new stake in Hostess Brands in the first quarter worth $166,000. Amalgamated Bank bought a new stake in Hostess Brands in the second quarter worth $170,000. Finally, KCG Holdings Inc. bought a new stake in Hostess Brands in the first quarter worth $187,000. Institutional investors own 77.51% of the company’s stock.

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.

Analyst Recommendations for Hostess Brands (NASDAQ:TWNK)

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