Hostess Brands, Inc. (NASDAQ:TWNK) – Research analysts at SunTrust Banks increased their FY2018 earnings per share estimates for Hostess Brands in a research report issued on Monday. SunTrust Banks analyst W. Chappell now expects that the company will post earnings of $0.89 per share for the year, up from their previous estimate of $0.66. SunTrust Banks currently has a “Buy” rating and a $20.00 target price on the stock.
Several other analysts have also commented on TWNK. Zacks Investment Research upgraded Hostess Brands from a “sell” rating to a “hold” rating in a report on Tuesday, September 12th. Royal Bank of Canada initiated coverage on Hostess Brands in a report on Monday, September 18th. They set an “outperform” rating and a $16.00 price objective for the company. Morgan Stanley initiated coverage on Hostess Brands in a report on Monday, September 25th. They set an “equal weight” rating and a $14.00 price objective for the company. JPMorgan Chase & Co. initiated 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 Group lowered Hostess Brands from a “neutral” rating to a “sell” rating and decreased their price objective for the company from $16.00 to $11.00 in a report on Friday, October 13th. One research analyst has rated the stock with a sell rating, three have issued a hold rating, five have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and a consensus target price of $16.89.
Shares of Hostess Brands (NASDAQ:TWNK) traded up $0.06 on Wednesday, hitting $14.94. The stock had a trading volume of 824,500 shares, compared to its average volume of 846,550. 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 EPS for the quarter, beating the consensus estimate 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 company’s quarterly revenue was down 2.0% on a year-over-year basis.
In other news, Director Neil P. Defeo bought 10,000 shares of the business’s stock in a transaction that occurred on Friday, November 24th. The shares were purchased at an average cost of $12.96 per share, with a total value of $129,600.00. Following the transaction, the director now directly owns 16,482 shares in the company, valued at $213,606.72. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, insider Cdm Hostess Class C, Llc sold 31,685 shares of the company’s stock in a transaction on Monday, December 18th. The shares were sold at an average price of $15.30, for a total value of $484,780.50. Following the completion of the transaction, the insider now directly owns 31,685 shares in the company, valued at $484,780.50. The disclosure for this sale can be found here. 25.50% of the stock is owned by corporate insiders.
Several hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Janus Henderson Group PLC increased its position in shares of Hostess Brands by 31.3% in the 3rd quarter. Janus Henderson Group PLC now owns 9,704,630 shares of the company’s stock valued at $132,565,000 after acquiring an additional 2,316,041 shares during the period. Vanguard Group Inc. grew its position in Hostess Brands by 56.9% during the 2nd quarter. Vanguard Group Inc. now owns 6,695,119 shares of the company’s stock worth $107,791,000 after purchasing an additional 2,428,469 shares during the period. Franklin Resources Inc. acquired a new stake in Hostess Brands during the 2nd quarter worth about $87,922,000. Dimensional Fund Advisors LP grew its position in Hostess Brands by 112.0% during the 3rd quarter. Dimensional Fund Advisors LP now owns 2,122,205 shares of the company’s stock worth $28,989,000 after purchasing an additional 1,121,008 shares during the period. Finally, Westwood Holdings Group Inc. acquired a new stake in Hostess Brands during the 2nd quarter worth about $27,074,000. 78.60% of the stock is currently owned by hedge funds and other institutional investors.
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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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