Berenberg Bank assumed coverage on shares of Hostess Brands (NASDAQ:TWNK) in a research report released on Monday, MarketBeat reports. The firm issued a buy rating and a $15.00 price target on the stock.
A number of other equities research analysts have also recently weighed in on the company. Zacks Investment Research cut Hostess Brands from a buy rating to a hold rating in a research note on Tuesday, May 15th. Deutsche Bank cut Hostess Brands from a buy rating to a hold rating and set a $14.00 price objective for the company. in a research note on Monday, May 14th. UBS upgraded Hostess Brands from a sell rating to a neutral rating in a research note on Monday, April 23rd. Morgan Stanley set a $14.00 price objective on Hostess Brands and gave the company a hold rating in a research note on Thursday, March 1st. Finally, TheStreet upgraded Hostess Brands from a c rating to a b- rating in a research note on Thursday, February 8th. One research analyst has rated the stock with a sell rating, five have issued a hold rating and four have issued a buy rating to the stock. The stock currently has an average rating of Hold and a consensus price target of $15.25.
Shares of Hostess Brands opened at $12.85 on Monday, according to MarketBeat. The company has a debt-to-equity ratio of 0.66, a current ratio of 1.94 and a quick ratio of 1.64. Hostess Brands has a twelve month low of $11.00 and a twelve month high of $17.03. The company has a market capitalization of $1.65 billion, a price-to-earnings ratio of 20.40 and a beta of 0.24.
Hostess Brands (NASDAQ:TWNK) last issued its quarterly earnings data on Wednesday, May 9th. The company reported $0.14 earnings per share for the quarter, meeting the Zacks’ consensus estimate of $0.14. Hostess Brands had a return on equity of 4.37% and a net margin of 28.97%. The company had revenue of $208.74 million during the quarter, compared to analysts’ expectations of $200.77 million. During the same quarter in the previous year, the business earned $0.15 earnings per share. The firm’s revenue for the quarter was up 13.1% on a year-over-year basis. sell-side analysts anticipate that Hostess Brands will post 0.69 earnings per share for the current year.
In related news, Director Craig D. Steeneck bought 13,000 shares of the company’s stock in a transaction dated Monday, March 5th. The shares were acquired at an average price of $14.09 per share, with a total value of $183,170.00. Following the completion of the acquisition, the director now owns 308,257 shares in the company, valued at approximately $4,343,341.13. The transaction was disclosed in a document filed with the SEC, which is available through this link. Insiders own 24.60% of the company’s stock.
Several large investors have recently added to or reduced their stakes in TWNK. ArrowMark Colorado Holdings LLC acquired a new position in shares of Hostess Brands in the fourth quarter valued at approximately $158,000. Amalgamated Bank acquired a new position in Hostess Brands during the fourth quarter worth $159,000. Xact Kapitalforvaltning AB acquired a new position in Hostess Brands during the fourth quarter worth $167,000. Centaurus Financial Inc. acquired a new position in Hostess Brands during the fourth quarter worth $181,000. Finally, FDx Advisors Inc. acquired a new position in Hostess Brands during the fourth quarter worth $182,000. 84.55% of the stock is currently owned by institutional investors and hedge funds.
About Hostess Brands
Hostess Brands, Inc, a packaged food company, develops, manufactures, markets, sells, and distributes fresh sweet baked goods in the United States. It primarily offer coffee cakes, cinnamon rolls, honey buns, brownies, bread and buns, jumbo muffins, and eclairs under the Twinkies, CupCakes, Ding Dongs, Zingers, HoHos, Donettes, Dolly Madison, and Superior on Main brands.
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