Hostess Brands (NASDAQ:TWNK) will post its quarterly earnings results after the market closes on Wednesday, February 28th. Analysts expect Hostess Brands to post earnings of $0.15 per share for the quarter.
Shares of Hostess Brands (NASDAQ TWNK) traded down $0.50 during mid-day trading on Wednesday, reaching $12.32. 1,027,300 shares of the company traded hands, compared to its average volume of 1,002,939. 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 12 month low of $11.00 and a 12 month high of $17.18.
Several equities analysts recently issued reports on the stock. TheStreet raised shares of Hostess Brands from a “c” rating to a “b-” rating in a report on Thursday, February 8th. BidaskClub lowered shares of Hostess Brands from a “sell” rating to a “strong sell” rating in a report on Saturday, February 3rd. Zacks Investment Research lowered shares of Hostess Brands from a “buy” rating to a “hold” rating in a report on Thursday, January 25th. Royal Bank of Canada reaffirmed a “buy” rating and issued a $18.00 price target on shares of Hostess Brands in a report on Friday, December 22nd. Finally, SunTrust Banks lifted their price target on shares of Hostess Brands to $20.00 and gave the stock a “buy” rating in a report on Monday, December 18th. They noted that the move was a valuation call. Two research analysts have rated the stock with a sell rating, three have issued a hold rating and four have given a buy rating to the stock. Hostess Brands has a consensus rating of “Hold” and a consensus price target of $16.38.
In other Hostess Brands news, 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 bought at an average cost of $12.96 per share, for a total transaction of $129,600.00. Following the completion of the transaction, the director now directly owns 16,482 shares of the company’s stock, valued at approximately $213,606.72. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, CEO William Douglas Toler bought 50,000 shares of the firm’s stock in a transaction that occurred on Friday, November 24th. The shares were acquired at an average price of $12.88 per share, with a total value of $644,000.00. Following the completion of the transaction, the chief executive officer now directly owns 250,000 shares of the company’s stock, valued at $3,220,000. The disclosure for this purchase can be found here. Insiders own 25.50% of the company’s stock.
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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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