Hostess Brands (NASDAQ:TWNK) was downgraded by equities researchers at TheStreet from a “b” rating to a “f” rating in a note issued to investors on Thursday, TheStreetRatingsTable reports.
Other analysts have also recently issued reports about the company. Morgan Stanley increased their target price on WPP from GBX 1,025 ($13.39) to GBX 1,060 ($13.85) and gave the stock an “equal weight” rating in a research note on Wednesday. BidaskClub raised Westport Fuel Systems from a “hold” rating to a “buy” rating in a research note on Friday, July 12th. JPMorgan Chase & Co. cut Aeroports de Paris from an “overweight” rating to a “neutral” rating in a research note on Thursday, May 9th. Evercore ISI assumed coverage on Mondelez International in a research note on Tuesday, June 11th. They set an “outperform” rating and a $62.00 target price for the company. Finally, DA Davidson assumed coverage on Nomad Foods in a research note on Wednesday, June 19th. They set a “buy” rating and a $26.00 target price for the company. Six research analysts have rated the stock with a hold rating and five have issued a buy rating to the company’s stock. Hostess Brands presently has an average rating of “Hold” and an average target price of $14.50.
NASDAQ TWNK traded down $0.11 during trading hours on Thursday, reaching $14.34. 430,677 shares of the company’s stock were exchanged, compared to its average volume of 1,356,086. The business’s 50-day moving average price is $14.04. Hostess Brands has a one year low of $9.86 and a one year high of $14.86. The company has a debt-to-equity ratio of 0.62, a current ratio of 2.19 and a quick ratio of 1.91. The firm has a market capitalization of $1.88 billion, a P/E ratio of 26.56 and a beta of 0.55.
Hostess Brands (NASDAQ:TWNK) last posted its earnings results on Wednesday, May 8th. The company reported $0.14 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $0.14. Hostess Brands had a return on equity of 3.60% and a net margin of 6.96%. The business had revenue of $222.74 million during the quarter, compared to analysts’ expectations of $210.90 million. Analysts predict that Hostess Brands will post 0.62 EPS for the current year.
In other Hostess Brands news, insider Hostess Cdm Co-Invest, Llc sold 6,165,700 shares of the company’s stock in a transaction that occurred on Friday, May 17th. The stock was sold at an average price of $13.31, for a total transaction of $82,065,467.00. Following the completion of the transaction, the insider now owns 6,165,700 shares of the company’s stock, valued at approximately $82,065,467. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, Director C. Dean Metropoulos sold 1,834,300 shares of the company’s stock in a transaction that occurred on Friday, May 17th. The stock was sold at an average price of $13.31, for a total value of $24,414,533.00. Following the transaction, the director now directly owns 458,939 shares of the company’s stock, valued at approximately $6,108,478.09. The disclosure for this sale can be found here. Corporate insiders own 24.60% of the company’s stock.
A number of large investors have recently added to or reduced their stakes in the business. Diversified Trust Co boosted its position in Hostess Brands by 5.3% during the 1st quarter. Diversified Trust Co now owns 29,875 shares of the company’s stock worth $373,000 after acquiring an additional 1,500 shares during the last quarter. Boyar Asset Management Inc. boosted its position in Hostess Brands by 8.4% during the 1st quarter. Boyar Asset Management Inc. now owns 20,473 shares of the company’s stock worth $256,000 after acquiring an additional 1,593 shares during the last quarter. Nisa Investment Advisors LLC acquired a new position in Hostess Brands during the 2nd quarter worth approximately $29,000. PNC Financial Services Group Inc. boosted its position in Hostess Brands by 63.7% during the 4th quarter. PNC Financial Services Group Inc. now owns 6,371 shares of the company’s stock worth $70,000 after acquiring an additional 2,479 shares during the last quarter. Finally, CENTRAL TRUST Co acquired a new position in Hostess Brands during the 2nd quarter worth approximately $51,000. 84.82% of the stock is owned by hedge funds and other institutional investors.
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 a range of snack cakes, donuts, sweet rolls, breakfast pastries, snack pies, and related products. The company operates in two segments, Sweet Baked Goods and In-Store Bakery.
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