Hostess Brands (NASDAQ:TWNK) had its target price raised by SunTrust Banks to $20.00 in a research report report published on Monday, December 18th, The Fly reports. SunTrust Banks currently has a buy rating on the stock. The analysts noted that the move was a valuation call.
A number of other research firms also recently issued reports on TWNK. Morgan Stanley initiated coverage on shares of Hostess Brands in a report on Monday, September 25th. They issued an equal weight rating and a $14.00 price objective on the stock. UBS Group downgraded shares of Hostess Brands from a neutral rating to a sell rating and lowered their price objective for the company from $16.00 to $11.00 in a report on Friday, October 13th. JPMorgan Chase & Co. initiated coverage on shares of Hostess Brands in a report on Wednesday, October 11th. They issued a neutral rating and a $15.00 price objective on the stock. Zacks Investment Research downgraded shares of Hostess Brands from a buy rating to a hold rating in a report on Wednesday, November 15th. Finally, Royal Bank of Canada reiterated a buy rating and issued a $16.00 price objective on shares of Hostess Brands in a report on Wednesday, October 25th. One investment analyst has rated the stock with a sell rating, three have given a hold rating, five have assigned a buy rating and one has given a strong buy rating to the company’s stock. The stock currently has an average rating of Buy and a consensus price target of $16.89.
Shares of Hostess Brands (NASDAQ:TWNK) traded down $0.18 during mid-day trading on Monday, reaching $14.77. 522,965 shares of the company’s stock traded hands, compared to its average volume of 808,733. The company has a debt-to-equity ratio of 0.77, a quick ratio of 1.88 and a current ratio of 2.18. Hostess Brands has a 52-week low of $11.00 and a 52-week high of $17.18.
Hostess Brands (NASDAQ:TWNK) last announced its earnings results on Wednesday, November 8th. The company reported $0.14 EPS for the quarter, topping the consensus estimate of $0.13 by $0.01. The firm had revenue of $192.30 million for the quarter, compared to the consensus estimate of $198.42 million. Hostess Brands had a net margin of 2.58% and a return on equity of 1.16%. Hostess Brands’s revenue for the quarter was down 2.0% compared to the same quarter last year. analysts forecast that Hostess Brands will post 0.61 EPS for the current year.
In related news, insider Cdm Hostess Class C, Llc sold 31,685 shares of the firm’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 of the company’s stock, valued at $484,780.50. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, Director Neil P. Defeo bought 10,000 shares of the firm’s stock in a transaction that occurred on Friday, November 24th. The stock was purchased at an average cost of $12.96 per share, with a total value of $129,600.00. Following the completion of the purchase, the director now directly owns 16,482 shares of the company’s stock, valued at approximately $213,606.72. The disclosure for this purchase can be found here. 25.50% of the stock is currently owned by company insiders.
Several large investors have recently added to or reduced their stakes in the stock. Ameritas Investment Partners Inc. bought a new position in Hostess Brands during the second quarter worth $113,000. Segall Bryant & Hamill LLC bought a new position in Hostess Brands during the third quarter worth $150,000. BNP Paribas Arbitrage SA boosted its position in Hostess Brands by 896.1% during the second 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 period. JPMorgan Chase & Co. boosted its position in Hostess Brands by 340.8% during the third quarter. JPMorgan Chase & Co. now owns 11,782 shares of the company’s stock worth $161,000 after purchasing an additional 9,109 shares during the period. Finally, Cipher Capital LP bought a new position in Hostess Brands during the third quarter worth $167,000. 78.60% of the stock is owned by institutional investors and hedge funds.
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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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