JPMorgan Chase & Co. upgraded shares of Hostess Brands (NASDAQ:TWNK) from a neutral rating to an overweight rating in a report published on Thursday morning, MarketBeat.com reports. The firm currently has $14.00 price target on the stock, up from their previous price target of $13.00.
TWNK has been the topic of a number of other research reports. Royal Bank of Canada cut their price objective on shares of Hostess Brands from $14.00 to $12.00 and set a sector perform rating on the stock in a research report on Thursday, November 8th. BidaskClub raised shares of Hostess Brands from a strong sell rating to a sell rating in a research report on Tuesday, October 9th. Zacks Investment Research raised shares of Hostess Brands from a sell rating to a hold rating in a research report on Thursday, October 18th. Citigroup started coverage on shares of Hostess Brands in a research report on Wednesday, September 26th. They issued a neutral rating and a $13.00 price objective on the stock. Finally, UBS Group set a $12.00 price objective on shares of Hostess Brands and gave the stock a hold rating in a research report on Thursday, November 8th. One analyst has rated the stock with a sell rating, six have given a hold rating and five have given a buy rating to the stock. Hostess Brands has a consensus rating of Hold and an average price target of $14.70.
Shares of Hostess Brands stock traded down $0.13 on Thursday, hitting $11.75. The company had a trading volume of 29,481 shares, compared to its average volume of 674,886. The stock has a market capitalization of $1.47 billion, a PE ratio of 18.60 and a beta of 0.34. Hostess Brands has a twelve month low of $9.86 and a twelve month high of $15.40. The company has a quick ratio of 1.85, a current ratio of 2.13 and a debt-to-equity ratio of 0.64.
Hostess Brands (NASDAQ:TWNK) last released its quarterly earnings results on Wednesday, November 7th. The company reported $0.10 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.12 by ($0.02). The company had revenue of $211.00 million during the quarter, compared to analyst estimates of $208.64 million. Hostess Brands had a net margin of 27.74% and a return on equity of 3.76%. The firm’s quarterly revenue was up 9.7% compared to the same quarter last year. During the same quarter last year, the company earned $0.14 EPS. Equities analysts anticipate that Hostess Brands will post 0.53 EPS for the current fiscal year.
Hedge funds have recently made changes to their positions in the company. Vanguard Group Inc. raised its position in Hostess Brands by 5.5% during the third quarter. Vanguard Group Inc. now owns 8,190,752 shares of the company’s stock worth $90,671,000 after acquiring an additional 428,147 shares in the last quarter. BlackRock Inc. raised its position in Hostess Brands by 2.6% during the third quarter. BlackRock Inc. now owns 6,522,238 shares of the company’s stock worth $72,201,000 after acquiring an additional 164,402 shares in the last quarter. River Road Asset Management LLC raised its position in Hostess Brands by 7.7% during the third quarter. River Road Asset Management LLC now owns 5,886,401 shares of the company’s stock worth $65,162,000 after acquiring an additional 423,360 shares in the last quarter. Dimensional Fund Advisors LP raised its position in Hostess Brands by 18.4% during the third quarter. Dimensional Fund Advisors LP now owns 5,715,597 shares of the company’s stock worth $63,272,000 after acquiring an additional 886,636 shares in the last quarter. Finally, Wells Fargo & Company MN raised its position in Hostess Brands by 57.1% during the third quarter. Wells Fargo & Company MN now owns 2,622,617 shares of the company’s stock worth $29,031,000 after acquiring an additional 953,279 shares in the last quarter. 85.15% 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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