Hostess Brands (NASDAQ:TWNK) had its price target reduced by Royal Bank of Canada from $14.00 to $12.00 in a research note published on Thursday. They currently have a sector perform rating on the stock.
TWNK has been the subject of a number of other research reports. Zacks Investment Research cut shares of Hostess Brands from a hold rating to a sell rating in a report on Thursday, September 6th. BidaskClub raised shares of Hostess Brands from a sell rating to a hold rating in a research note on Tuesday. Citigroup assumed coverage on shares of Hostess Brands in a research note on Wednesday, September 26th. They set a neutral rating and a $13.00 target price for the company. Finally, SunTrust Banks cut shares of Hostess Brands from a buy rating to a hold rating in a research note on Wednesday, August 8th. Eight analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. The company has a consensus rating of Hold and an average target price of $14.89.
TWNK traded up $0.11 on Thursday, reaching $11.21. The stock had a trading volume of 603,800 shares, compared to its average volume of 1,011,794. Hostess Brands has a 12-month low of $9.86 and a 12-month high of $15.40. The company has a debt-to-equity ratio of 0.64, a quick ratio of 1.75 and a current ratio of 2.03. The stock has a market capitalization of $1.45 billion, a price-to-earnings ratio of 17.79 and a beta of 0.28.
Hostess Brands (NASDAQ:TWNK) last released its quarterly earnings data on Wednesday, November 7th. The company reported $0.10 earnings per share for the quarter, missing analysts’ consensus estimates of $0.12 by ($0.02). Hostess Brands had a net margin of 28.58% and a return on equity of 3.87%. The firm had revenue of $211.00 million during the quarter, compared to analysts’ expectations of $208.64 million. During the same period in the previous year, the firm posted $0.14 EPS. The firm’s quarterly revenue was up 9.7% on a year-over-year basis. On average, equities research analysts forecast that Hostess Brands will post 0.55 earnings per share for the current year.
In related news, Director Larry E. Bodner bought 10,000 shares of the business’s stock in a transaction dated Tuesday, August 14th. The stock was acquired at an average price of $11.93 per share, with a total value of $119,300.00. Following the completion of the purchase, the director now directly owns 26,609 shares of the company’s stock, valued at $317,445.37. The purchase was disclosed in a filing with the SEC, which is accessible through the SEC website. 24.60% of the stock is owned by insiders.
Several hedge funds have recently added to or reduced their stakes in TWNK. JPMorgan Chase & Co. increased its stake in shares of Hostess Brands by 108.9% during the first quarter. JPMorgan Chase & Co. now owns 68,670 shares of the company’s stock worth $1,016,000 after purchasing an additional 35,805 shares in the last quarter. Millennium Management LLC acquired a new position in Hostess Brands during the first quarter worth about $2,172,000. Legal & General Group Plc boosted its position in Hostess Brands by 17.2% during the first quarter. Legal & General Group Plc now owns 35,214 shares of the company’s stock worth $521,000 after acquiring an additional 5,161 shares during the last quarter. Xact Kapitalforvaltning AB boosted its position in Hostess Brands by 55.8% during the first quarter. Xact Kapitalforvaltning AB now owns 17,600 shares of the company’s stock worth $260,000 after acquiring an additional 6,300 shares during the last quarter. Finally, Suntrust Banks Inc. acquired a new position in Hostess Brands during the first quarter worth about $404,000. 85.44% of the stock is 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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