HOSTESS BRANDS (TWNK) Rating Lowered to Sell at UBS AG

HOSTESS BRANDS (NASDAQ:TWNK) was downgraded by equities researchers at UBS AG from a “neutral” rating to a “sell” rating in a note issued to investors on Friday. They presently have a $11.00 target price on the stock, down from their prior target price of $16.00. UBS AG’s price target would indicate a potential downside of 7.87% from the stock’s current price.

Several other equities research analysts have also commented on the company. J P Morgan Chase & Co began coverage on HOSTESS BRANDS in a research report on Wednesday. They issued a “neutral” rating and a $15.00 price objective on the stock. Zacks Investment Research upgraded HOSTESS BRANDS from a “sell” rating to a “hold” rating in a research report on Tuesday, September 26th. Morgan Stanley began coverage on HOSTESS BRANDS in a research report on Monday, September 25th. They issued an “equal weight” rating and a $14.00 price objective on the stock. Finally, Royal Bank Of Canada began coverage on HOSTESS BRANDS in a research report on Monday, September 18th. They issued an “outperform” rating and a $16.00 price objective on the stock. One investment analyst has rated the stock with a sell rating, three have issued a hold rating, five have given a buy rating and one has given a strong buy rating to the company’s stock. HOSTESS BRANDS has a consensus rating of “Buy” and an average target price of $16.33.

HOSTESS BRANDS (TWNK) opened at 11.94 on Friday. The stock’s market cap is $1.19 billion. The company has a 50 day moving average of $13.55 and a 200-day moving average of $15.18. HOSTESS BRANDS has a 12-month low of $11.13 and a 12-month high of $17.18.

HOSTESS BRANDS (NASDAQ:TWNK) last issued its earnings results on Tuesday, August 8th. The company reported $0.18 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 analysts’ expectations of $205.41 million. Equities analysts forecast that HOSTESS BRANDS will post $0.59 earnings per share for the current year.

ILLEGAL ACTIVITY WARNING: This piece of content was originally reported by The Ledger Gazette and is the property of of The Ledger Gazette. If you are viewing this piece of content on another website, it was stolen and republished in violation of international trademark & copyright legislation. The legal version of this piece of content can be viewed at https://ledgergazette.com/2017/10/15/hostess-brands-twnk-rating-lowered-to-sell-at-ubs-ag.html.

In other HOSTESS BRANDS news, insider Michael John Cramer bought 5,000 shares of the firm’s stock in a transaction dated Friday, August 11th. The shares were purchased at an average price of $13.98 per share, for a total transaction of $69,900.00. The transaction was disclosed in a document filed with the SEC, which is available through this link. Also, CEO William Douglas Toler bought 75,000 shares of the firm’s stock in a transaction dated Friday, August 11th. The shares were acquired at an average price of $13.86 per share, for a total transaction of $1,039,500.00. Following the transaction, the chief executive officer now directly owns 560,000 shares in the company, valued at $7,761,600. The disclosure for this purchase can be found here. Company insiders own 25.50% of the company’s stock.

Several large investors have recently made changes to their positions in the company. Westwood Holdings Group Inc. purchased a new position in shares of HOSTESS BRANDS during the 2nd quarter valued at approximately $27,074,000. Ameritas Investment Partners Inc. purchased a new position in shares of HOSTESS BRANDS during the 2nd quarter valued at approximately $113,000. Castleark Management LLC purchased a new position in shares of HOSTESS BRANDS during the 2nd quarter valued at approximately $10,618,000. California State Teachers Retirement System purchased a new position in shares of HOSTESS BRANDS during the 2nd quarter valued at approximately $2,283,000. Finally, The Manufacturers Life Insurance Company purchased a new position in shares of

Several other equities research analysts have also commented on the company. J P Morgan Chase & Co began coverage on HOSTESS BRANDS in a research report on Wednesday. They issued a “neutral” rating and a $15.00 price objective on the stock. Zacks Investment Research upgraded HOSTESS BRANDS from a “sell” rating to a “hold” rating in a research report on Tuesday, September 26th. Morgan Stanley began coverage on HOSTESS BRANDS in a research report on Monday, September 25th. They issued an “equal weight” rating and a $14.00 price objective on the stock. Finally, Royal Bank Of Canada began coverage on HOSTESS BRANDS in a research report on Monday, September 18th. They issued an “outperform” rating and a $16.00 price objective on the stock. One investment analyst has rated the stock with a sell rating, three have issued a hold rating, five have given a buy rating and one has given a strong buy rating to the company’s stock. HOSTESS BRANDS has a consensus rating of “Buy” and an average target price of $16.33.

HOSTESS BRANDS (TWNK) opened at 11.94 on Friday. The stock’s market cap is $1.19 billion. The company has a 50 day moving average of $13.55 and a 200-day moving average of $15.18. HOSTESS BRANDS has a 12-month low of $11.13 and a 12-month high of $17.18.

HOSTESS BRANDS (NASDAQ:TWNK) last issued its earnings results on Tuesday, August 8th. The company reported $0.18 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 analysts’ expectations of $205.41 million. Equities analysts forecast that HOSTESS BRANDS will post $0.59 earnings per share for the current year.

ILLEGAL ACTIVITY WARNING: This piece of content was originally reported by The Ledger Gazette and is the property of of The Ledger Gazette. If you are viewing this piece of content on another website, it was stolen and republished in violation of international trademark & copyright legislation. The legal version of this piece of content can be viewed at https://ledgergazette.com/2017/10/15/hostess-brands-twnk-rating-lowered-to-sell-at-ubs-ag.html.

In other HOSTESS BRANDS news, insider Michael John Cramer bought 5,000 shares of the firm’s stock in a transaction dated Friday, August 11th. The shares were purchased at an average price of $13.98 per share, for a total transaction of $69,900.00. The transaction was disclosed in a document filed with the SEC, which is available through this link. Also, CEO William Douglas Toler bought 75,000 shares of the firm’s stock in a transaction dated Friday, August 11th. The shares were acquired at an average price of $13.86 per share, for a total transaction of $1,039,500.00. Following the transaction, the chief executive officer now directly owns 560,000 shares in the company, valued at $7,761,600. The disclosure for this purchase can be found here. Company insiders own 25.50% of the company’s stock.

Several large investors have recently made changes to their positions in the company. Westwood Holdings Group Inc. purchased a new position in shares of HOSTESS BRANDS during the 2nd quarter valued at approximately $27,074,000. Ameritas Investment Partners Inc. purchased a new position in shares of HOSTESS BRANDS during the 2nd quarter valued at approximately $113,000. Castleark Management LLC purchased a new position in shares of HOSTESS BRANDS during the 2nd quarter valued at approximately $10,618,000. California State Teachers Retirement System purchased a new position in shares of HOSTESS BRANDS during the 2nd quarter valued at approximately $2,283,000. Finally, The Manufacturers Life Insurance Company purchased a new position in shares of HOSTESS BRANDS during the 2nd quarter valued at approximately $955,000. Hedge funds and other institutional investors own 77.51% of the company’s stock.

HOSTESS BRANDS Company Profile

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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