Hostess Brands (NASDAQ:TWNK) had its target price reduced by Morgan Stanley from $14.00 to $12.00 in a report released on Thursday. They currently have an equal weight rating on the stock.
Other equities analysts have also recently issued reports about the company. Zacks Investment Research raised Hostess Brands from a sell rating to a buy rating and set a $17.00 price objective for the company in a report on Thursday, July 13th. Royal Bank of Canada reaffirmed a buy rating and set a $16.00 price objective on shares of Hostess Brands in a report on Wednesday, October 25th. J P Morgan Chase & Co started coverage on Hostess Brands in a report on Wednesday, October 11th. They set a neutral rating and a $15.00 price objective for the company. Finally, UBS AG started coverage on Hostess Brands in a report on Monday, July 31st. They set a neutral rating and a $16.00 price objective for the company. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating, four have assigned 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 $16.25.
Shares of Hostess Brands (TWNK) traded up $0.30 during mid-day trading on Thursday, reaching $12.51. The company had a trading volume of 2,128,700 shares, compared to its average volume of 1,420,739. 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 issued its quarterly earnings data on Wednesday, November 8th. The company reported $0.14 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.13 by $0.01. The firm had revenue of $192.30 million during the quarter, compared to analysts’ expectations of $198.42 million. Hostess Brands had a return on equity of 1.16% and a net margin of 2.58%. The firm’s quarterly revenue was down 2.0% on a year-over-year basis. research analysts predict that Hostess Brands will post 0.59 earnings per share for the current year.
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Several hedge funds and other institutional investors have recently added to or reduced their stakes in TWNK. Bank of New York Mellon Corp raised its holdings in shares of Hostess Brands by 15.2% in the first quarter. Bank of New York Mellon Corp now owns 93,962 shares of the company’s stock worth $1,492,000 after acquiring an additional 12,401 shares during the last quarter. Vanguard Group Inc. raised its holdings in shares of Hostess Brands by 834.4% in the first quarter. Vanguard Group Inc. now owns 4,266,650 shares of the company’s stock worth $67,711,000 after acquiring an additional 3,810,050 shares during the last quarter. Geode Capital Management LLC raised its holdings in shares of Hostess Brands by 14.6% in the first quarter. Geode Capital Management LLC now owns 285,147 shares of the company’s stock worth $4,525,000 after acquiring an additional 36,397 shares during the last quarter. Morgan Stanley raised its holdings in shares of Hostess Brands by 34.8% in the first quarter. Morgan Stanley now owns 80,034 shares of the company’s stock worth $1,270,000 after acquiring an additional 20,653 shares during the last quarter. Finally, Renaissance Technologies LLC acquired a new position in shares of Hostess Brands in the first quarter worth $6,018,000. 76.17% of the stock is owned by 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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