Shares of Hostess Brands Inc (NASDAQ:TWNK) have been assigned a consensus rating of “Hold” from the twelve research firms that are covering the stock, Marketbeat.com reports. Six research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. The average 12-month target price among analysts that have covered the stock in the last year is $14.50.
A number of brokerages recently weighed in on TWNK. DA Davidson began coverage on shares of Nomad Foods in a report on Wednesday, June 19th. They issued a “buy” rating and a $26.00 price target for the company. Morgan Stanley raised their price target on shares of WPP from GBX 1,025 ($13.39) to GBX 1,060 ($13.85) and gave the company an “equal weight” rating in a report on Wednesday, July 17th. BidaskClub raised shares of Westport Fuel Systems from a “hold” rating to a “buy” rating in a report on Friday, July 12th. Evercore ISI began coverage on shares of Mondelez International in a report on Tuesday, June 11th. They issued an “outperform” rating and a $62.00 price target for the company. Finally, JPMorgan Chase & Co. lowered shares of Aeroports de Paris from an “overweight” rating to a “neutral” rating in a report on Thursday, May 9th.
Shares of NASDAQ TWNK traded down $0.01 during mid-day trading on Thursday, hitting $14.16. The company had a trading volume of 1,548,521 shares, compared to its average volume of 1,034,928. The company has a debt-to-equity ratio of 0.62, a quick ratio of 1.91 and a current ratio of 2.19. The firm’s 50-day moving average price is $14.24. Hostess Brands has a 12 month low of $9.86 and a 12 month high of $14.86. The company has a market cap of $1.85 billion, a price-to-earnings ratio of 26.20 and a beta of 0.55.
Hostess Brands (NASDAQ:TWNK) last announced its quarterly earnings results on Wednesday, May 8th. The company reported $0.14 EPS for the quarter, hitting analysts’ consensus estimates of $0.14. The firm had revenue of $222.74 million during the quarter, compared to analysts’ expectations of $210.90 million. Hostess Brands had a net margin of 6.96% and a return on equity of 3.60%. Analysts anticipate that Hostess Brands will post 0.62 EPS for the current fiscal year.
In other Hostess Brands news, insider Hostess Cdm Co-Invest, Llc sold 6,165,700 shares of Hostess Brands stock in a transaction on Friday, May 17th. The shares were sold at an average price of $13.31, for a total transaction of $82,065,467.00. Following the completion of the sale, 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 document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director C. Dean Metropoulos sold 1,834,300 shares of Hostess Brands stock in a transaction on Friday, May 17th. The stock was sold at an average price of $13.31, for a total transaction of $24,414,533.00. Following the sale, 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. 23.60% of the stock is currently owned by insiders.
A number of institutional investors and hedge funds have recently added to or reduced their stakes in TWNK. Nisa Investment Advisors LLC acquired a new stake in Hostess Brands during the 2nd quarter worth $29,000. CENTRAL TRUST Co acquired a new stake in Hostess Brands during the 2nd quarter worth $51,000. PNC Financial Services Group Inc. grew its holdings 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 period. Financial Gravity Wealth Inc. boosted its position in shares of Hostess Brands by 334.1% during the second quarter. Financial Gravity Wealth Inc. now owns 6,086 shares of the company’s stock worth $88,000 after purchasing an additional 4,684 shares in the last quarter. Finally, NumerixS Investment Technologies Inc bought a new position in shares of Hostess Brands during the first quarter worth $102,000. 85.06% of the stock is owned by hedge funds and other institutional investors.
Hostess Brands Company Profile
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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