Shares of Hostess Brands, Inc. (NASDAQ:TWNK) have earned an average recommendation of “Buy” from the nine brokerages that are presently covering the company, MarketBeat Ratings reports. One investment analyst has rated the stock with a sell recommendation, three have given a hold recommendation, four have issued a buy recommendation and one has issued a strong buy recommendation on the company. The average 1 year price target among brokerages that have issued a report on the stock in the last year is $16.14.
Several research analysts have recently issued reports on TWNK shares. UBS lowered Hostess Brands from a “neutral” rating to a “sell” rating and reduced their price target for the stock from $16.00 to $11.00 in a research report on Friday, October 13th. Royal Bank Of Canada assumed coverage on Hostess Brands in a research note on Monday, September 18th. They issued an “outperform” rating and a $16.00 price target on the stock. J P Morgan Chase & Co assumed coverage on Hostess Brands in a report on Wednesday, October 11th. They issued a “neutral” rating and a $15.00 price objective for the company. Morgan Stanley decreased their price objective on Hostess Brands from $14.00 to $12.00 and set an “equal weight” rating for the company in a report on Thursday, November 9th. Finally, Zacks Investment Research cut Hostess Brands from a “buy” rating to a “hold” rating in a report on Wednesday, November 15th.
Shares of Hostess Brands (TWNK) traded down $0.15 on Friday, hitting $14.20. The stock had a trading volume of 1,254,954 shares, compared to its average volume of 1,399,950. Hostess Brands has a fifty-two week low of $11.00 and a fifty-two week high of $17.18. The company has a quick ratio of 1.88, a current ratio of 2.18 and a debt-to-equity ratio of 0.77.
Hostess Brands (NASDAQ:TWNK) last released its quarterly earnings results on Wednesday, November 8th. The company reported $0.14 EPS for the quarter, topping the Zacks’ consensus estimate of $0.13 by $0.01. The business had revenue of $192.30 million for the quarter, compared to analyst estimates of $198.42 million. Hostess Brands had a return on equity of 1.16% and a net margin of 2.58%. Hostess Brands’s revenue for the quarter was down 2.0% on a year-over-year basis. equities research analysts expect that Hostess Brands will post 0.6 earnings per share for the current year.
In other Hostess Brands news, Director Neil P. Defeo bought 10,000 shares of the stock in a transaction that occurred on Friday, November 24th. The shares were bought at an average price of $12.96 per share, for a total transaction of $129,600.00. Following the acquisition, the director now directly owns 16,482 shares of the company’s stock, valued at approximately $213,606.72. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO William Douglas Toler bought 50,000 shares of the stock in a transaction that occurred on Friday, November 24th. The stock was acquired at an average price of $12.88 per share, for a total transaction of $644,000.00. Following the acquisition, the chief executive officer now directly owns 250,000 shares in the company, valued at $3,220,000. The disclosure for this purchase can be found here. Corporate insiders own 25.50% of the company’s stock.
Several institutional investors have recently added to or reduced their stakes in TWNK. Ameritas Investment Partners Inc. bought a new position in Hostess Brands in the 2nd quarter worth approximately $113,000. Segall Bryant & Hamill LLC bought a new position in Hostess Brands in the 3rd quarter valued at $150,000. BNP Paribas Arbitrage SA raised its position in shares of Hostess Brands by 896.1% during the 2nd 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 in the last quarter. JPMorgan Chase & Co. raised its position in shares of Hostess Brands by 340.8% during the 3rd quarter. JPMorgan Chase & Co. now owns 11,782 shares of the company’s stock valued at $161,000 after buying an additional 9,109 shares in the last quarter. Finally, Cipher Capital LP purchased a new stake in shares of Hostess Brands during the 3rd quarter valued at $167,000. 78.60% 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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