Hostess Brands (NASDAQ:TWNK) was downgraded by Zacks Investment Research from a “buy” rating to a “hold” rating in a research note issued on Wednesday.
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. “
Other equities research analysts have also issued research reports about the company. Royal Bank Of Canada restated a “buy” rating and set a $16.00 price objective on shares of Hostess Brands in a research note on Wednesday, October 25th. Morgan Stanley lowered their price objective on Hostess Brands from $14.00 to $12.00 and set an “equal weight” rating for the company in a research note on Thursday, November 9th. J P Morgan Chase & Co initiated coverage on Hostess Brands in a research note on Wednesday, October 11th. They set a “neutral” rating and a $15.00 price objective for the company. Finally, UBS AG initiated coverage on Hostess Brands in a research note 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 assigned a hold rating, four have issued a buy rating and one has given a strong buy rating to the stock. The stock currently has a consensus rating of “Buy” and a consensus target price of $16.25.
Shares of Hostess Brands (NASDAQ TWNK) opened at $12.63 on Wednesday. Hostess Brands has a 12 month low of $11.00 and a 12 month 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 issued its quarterly earnings data on Wednesday, November 8th. The company reported $0.14 earnings per share for the quarter, beating analysts’ consensus estimates of $0.13 by $0.01. Hostess Brands had a return on equity of 1.16% and a net margin of 2.58%. The firm had revenue of $192.30 million during the quarter, compared to analyst estimates of $198.42 million. The business’s revenue for the quarter was down 2.0% on a year-over-year basis. analysts anticipate that Hostess Brands will post 0.6 earnings per share for the current fiscal year.
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Hedge funds and other institutional investors have recently made changes to their positions in the stock. Ameritas Investment Partners Inc. bought a new stake in shares of Hostess Brands in the 2nd quarter worth approximately $113,000. BNP Paribas Arbitrage SA lifted its holdings in shares of Hostess Brands by 896.1% in the 2nd quarter. BNP Paribas Arbitrage SA now owns 9,881 shares of the company’s stock worth $159,000 after purchasing an additional 8,889 shares during the last quarter. Amalgamated Bank bought a new stake in shares of Hostess Brands in the 2nd quarter worth approximately $170,000. Segall Bryant & Hamill LLC bought a new stake in shares of Hostess Brands in the 3rd quarter worth approximately $150,000. Finally, KCG Holdings Inc. bought a new stake in shares of Hostess Brands in the 1st quarter worth approximately $187,000. 75.60% of the stock is currently 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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