Hostess Brands (NASDAQ:TWNK)‘s stock had its “buy” rating reaffirmed by equities research analysts at Royal Bank of Canada in a report issued on Friday, December 22nd. They presently have a $18.00 price objective on the stock. Royal Bank of Canada’s target price suggests a potential upside of 21.21% from the stock’s previous close.
A number of other analysts also recently issued reports on the stock. SunTrust Banks lifted their price target on shares of Hostess Brands to $20.00 and gave the company a “buy” rating in a report on Monday, December 18th. They noted that the move was a valuation call. UBS Group downgraded shares of Hostess Brands from a “neutral” rating to a “sell” rating and reduced their target price for the stock from $16.00 to $11.00 in a report on Friday, October 13th. JPMorgan Chase & Co. assumed coverage on shares of Hostess Brands in a report on Wednesday, October 11th. They issued a “neutral” rating and a $15.00 target price on the stock. Morgan Stanley reduced their target price on shares of Hostess Brands from $14.00 to $12.00 and set an “equal weight” rating on the stock in a report on Thursday, November 9th. Finally, Zacks Investment Research downgraded shares of Hostess Brands from a “buy” rating to a “hold” rating in a report on Wednesday, November 15th. One equities research analyst has rated the stock with a sell rating, three have given a hold rating, five have issued a buy rating and one has given a strong buy rating to the stock. Hostess Brands presently has an average rating of “Buy” and a consensus price target of $16.89.
Hostess Brands (NASDAQ TWNK) opened at $14.85 on Friday. 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 one year low of $11.00 and a one year high of $17.18.
Hostess Brands (NASDAQ:TWNK) last announced its quarterly earnings results on Wednesday, November 8th. The company reported $0.14 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.13 by $0.01. The company 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%. The firm’s quarterly revenue was down 2.0% on a year-over-year basis. research analysts forecast that Hostess Brands will post 0.61 earnings per share for the current year.
In related news, CEO William Douglas Toler acquired 50,000 shares of the stock in a transaction on Friday, November 24th. The stock was bought at an average cost of $12.88 per share, with a total value of $644,000.00. Following the transaction, the chief executive officer now directly owns 250,000 shares in the company, valued at $3,220,000. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Neil P. Defeo acquired 10,000 shares of the stock in a transaction on Friday, November 24th. The stock was bought at an average cost of $12.96 per share, with a total value of $129,600.00. Following the completion of the transaction, the director now owns 16,482 shares in the company, valued at $213,606.72. The disclosure for this purchase can be found here. Corporate insiders own 25.50% of the company’s stock.
Several institutional investors and hedge funds have recently made changes to their positions in the company. Janus Henderson Group PLC lifted 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 worth $132,565,000 after purchasing an additional 2,316,041 shares during the period. Vanguard Group Inc. lifted its position in shares of Hostess Brands by 56.9% in 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. Victory Capital Management Inc. lifted its position in shares of Hostess Brands by 61.8% in the 2nd quarter. Victory Capital Management Inc. now owns 6,264,825 shares of the company’s stock worth $100,863,000 after purchasing an additional 2,393,253 shares during the period. Franklin Resources Inc. purchased a new stake in shares of Hostess Brands in the 2nd quarter worth approximately $87,922,000. Finally, Dimensional Fund Advisors LP lifted its position in shares of Hostess Brands by 112.0% in 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. 78.60% of the stock is 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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