Hostess Brands Inc (NASDAQ:TWNK) has been assigned a consensus recommendation of “Hold” from the twelve brokerages that are covering the stock, Marketbeat reports. Six investment analysts have rated the stock with a hold recommendation and five have given a buy recommendation to the company. The average 1 year price target among brokerages that have issued a report on the stock in the last year is $14.78.
A number of equities research analysts recently weighed in on TWNK shares. SunTrust Banks reaffirmed a “hold” rating and issued a $17.00 target price on shares of Hostess Brands in a research note on Thursday, August 8th. BidaskClub downgraded shares of Hostess Brands from a “buy” rating to a “hold” rating in a research note on Tuesday. Morgan Stanley raised their target price on shares of Hostess Brands from $13.00 to $14.00 and gave the company an “equal weight” rating in a research note on Wednesday, July 17th. UBS Group raised shares of Hostess Brands from a “neutral” rating to a “buy” rating and raised their target price for the company from $14.00 to $17.00 in a research note on Monday, June 24th. Finally, TheStreet downgraded shares of Hostess Brands from a “b” rating to a “f” rating in a research note on Thursday, July 18th.
In other Hostess Brands news, Director C. Dean Metropoulos sold 455,400 shares of the stock in a transaction that occurred on Thursday, August 15th. The shares were sold at an average price of $14.00, for a total transaction of $6,375,600.00. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, insider Cdm Hostess Class C, Llc sold 962,472 shares of the stock in a transaction that occurred on Thursday, August 15th. The shares were sold at an average price of $14.00, for a total transaction of $13,474,608.00. The disclosure for this sale can be found here. 24.60% of the stock is owned by company insiders.
Hedge funds and other institutional investors have recently modified their holdings of the business. Bessemer Group Inc. grew its position in Hostess Brands by 108.1% during the second quarter. Bessemer Group Inc. now owns 144,200 shares of the company’s stock valued at $2,082,000 after acquiring an additional 74,900 shares during the last quarter. Wells Fargo & Company MN grew its holdings in shares of Hostess Brands by 6.9% in the first quarter. Wells Fargo & Company MN now owns 3,216,646 shares of the company’s stock worth $40,209,000 after purchasing an additional 207,051 shares during the last quarter. Aperio Group LLC bought a new position in shares of Hostess Brands in the second quarter worth approximately $194,000. Waratah Capital Advisors Ltd. bought a new position in shares of Hostess Brands in the second quarter worth approximately $3,135,000. Finally, GSA Capital Partners LLP purchased a new stake in Hostess Brands in the second quarter worth $1,499,000. Institutional investors and hedge funds own 94.38% of the company’s stock.
Shares of TWNK opened at $14.16 on Friday. The firm’s 50 day simple moving average is $14.08 and its 200 day simple moving average is $13.44. The company has a market capitalization of $1.78 billion, a P/E ratio of 26.22 and a beta of 0.55. The company has a debt-to-equity ratio of 0.62, a current ratio of 2.22 and a quick ratio of 1.96. Hostess Brands has a 1-year low of $9.86 and a 1-year high of $14.86.
Hostess Brands (NASDAQ:TWNK) last announced its earnings results on Wednesday, August 7th. The company reported $0.17 earnings per share for the quarter, beating analysts’ consensus estimates of $0.15 by $0.02. The business had revenue of $241.10 million for the quarter, compared to the consensus estimate of $225.98 million. Hostess Brands had a net margin of 5.89% and a return on equity of 3.82%. Hostess Brands’s quarterly revenue was up 11.7% on a year-over-year basis. During the same period last year, the firm posted $0.14 earnings per share. On average, equities analysts anticipate that Hostess Brands will post 0.61 earnings per share for the current year.
About Hostess Brands
Hostess Brands, Inc, a packaged food company, develops, manufactures, markets, sells, and distributes fresh sweet baked goods in the United States. It primarily offer a range of snack cakes, donuts, sweet rolls, breakfast pastries, snack pies, and related products. The company operates in two segments, Sweet Baked Goods and In-Store Bakery.
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