Zacks Investment Research Upgrades Hostess Brands (NASDAQ:TWNK) to Hold

Zacks Investment Research upgraded shares of Hostess Brands (NASDAQ:TWNK) from a sell rating to a hold rating in a research report released on Wednesday, October 25th.

According to Zacks, “Hostess Brands, Inc. is involved in developing, manufacturing, marketing, selling and distributing sweet goods primarily in the United States. The company produces new and classic treats which includes Ding Dongs, Ho Hos, Donettes, Fruit Pies as well as Twinkies and CupCakes. Hostess Brands, Inc. is based in Kansas City, Missouri. “

A number of other equities research analysts have also recently weighed in on the stock. UBS AG cut shares of Hostess Brands from a neutral rating to a sell rating and dropped their price target for the company from $16.00 to $11.00 in a research report on Friday, October 13th. Royal Bank Of Canada started coverage on shares of Hostess Brands in a research report on Monday, September 18th. They set an outperform rating and a $16.00 price target for the company. J P Morgan Chase & Co started coverage on shares of Hostess Brands in a research report on Wednesday, October 11th. They set a neutral rating and a $15.00 price target for the company. Finally, Morgan Stanley started 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 target for the company. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating, four have assigned a buy rating and one has issued a strong buy rating to the company’s stock. The stock currently has an average rating of Buy and a consensus target price of $16.25.

Hostess Brands (NASDAQ:TWNK) traded up $0.30 during trading on Wednesday, reaching $12.51. 2,128,700 shares of the company traded hands, compared to its average volume of 2,300,486. Hostess Brands has a 52-week low of $11.00 and a 52-week high of $17.18. The company has a quick ratio of 1.71, a current ratio of 2.18 and a debt-to-equity ratio of 0.77.

Hostess Brands (NASDAQ:TWNK) last released its quarterly earnings data on Wednesday, November 8th. The company reported $0.14 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.13 by $0.01. Hostess Brands had a net margin of 2.58% and a return on equity of 1.16%. The firm had revenue of $192.30 million during the quarter, compared to analysts’ expectations of $198.42 million. The firm’s revenue was down 2.0% on a year-over-year basis. equities research analysts predict that Hostess Brands will post 0.6 earnings per share for the current year.

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Several hedge funds and other institutional investors have recently bought and sold shares of TWNK. Ameritas Investment Partners Inc. purchased a new position in shares of Hostess Brands in the second quarter valued at approximately $113,000. BNP Paribas Arbitrage SA boosted its stake 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 purchasing an additional 8,889 shares during the period. JPMorgan Chase & Co. boosted its stake in shares of Hostess Brands by 340.8% in the third quarter. JPMorgan Chase & Co. now owns 11,782 shares of the company’s stock valued at $161,000 after purchasing an additional 9,109 shares during the period. Sei Investments Co. purchased a new position in shares of Hostess Brands in the first quarter valued at approximately $166,000. Finally, Cipher Capital LP purchased a new position in shares of Hostess Brands in the third quarter valued at approximately $167,000. 76.17% of the stock is owned by institutional investors and hedge funds.

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.

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Analyst Recommendations for Hostess Brands (NASDAQ:TWNK)

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