Media headlines about Hostess Brands (NASDAQ:TWNK) have trended somewhat positive this week, according to Accern. Accern ranks the sentiment of news coverage by analyzing more than 20 million news and blog sources in real-time. Accern ranks coverage of public companies on a scale of -1 to 1, with scores closest to one being the most favorable. Hostess Brands earned a coverage optimism score of 0.05 on Accern’s scale. Accern also assigned news headlines about the company an impact score of 45.4593707573226 out of 100, indicating that recent news coverage is somewhat unlikely to have an effect on the stock’s share price in the near term.
A number of research firms have recently issued reports on TWNK. TheStreet upgraded shares of Hostess Brands from a “c” rating to a “b-” rating in a research note on Thursday, February 8th. BidaskClub downgraded shares of Hostess Brands from a “sell” rating to a “strong sell” rating in a research note on Saturday, February 3rd. Zacks Investment Research downgraded shares of Hostess Brands from a “buy” rating to a “hold” rating in a research note on Thursday, January 25th. Royal Bank of Canada reiterated a “buy” rating and set a $18.00 price objective on shares of Hostess Brands in a research note on Friday, December 22nd. Finally, SunTrust Banks increased their price objective on shares of Hostess Brands to $20.00 and gave the company a “buy” rating in a research note on Monday, December 18th. They noted that the move was a valuation call. Two equities research analysts have rated the stock with a sell rating, three have issued a hold rating, four have issued a buy rating and one has issued a strong buy rating to the company. Hostess Brands has a consensus rating of “Hold” and an average price target of $16.78.
Shares of Hostess Brands (NASDAQ TWNK) opened at $12.84 on Wednesday. Hostess Brands has a one year low of $11.00 and a one year 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.
In other news, CEO William Douglas Toler bought 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, for a total transaction of $644,000.00. Following the completion of the purchase, the chief executive officer now directly owns 250,000 shares in the company, valued at $3,220,000. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Neil P. Defeo bought 10,000 shares of the stock in a transaction on Friday, November 24th. The stock was purchased at an average price of $12.96 per share, with a total value of $129,600.00. Following the completion of the purchase, the director now owns 16,482 shares of the company’s stock, valued at $213,606.72. The disclosure for this purchase can be found here. 25.50% of the stock is owned by company insiders.
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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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