Analysts Set Hostess Brands Inc (TWNK) Target Price at $14.00

Hostess Brands Inc (NASDAQ:TWNK) has been given an average rating of “Hold” by the twelve brokerages that are presently covering the firm, Marketbeat reports. One analyst has rated the stock with a sell recommendation, six have issued a hold recommendation and four have issued a buy recommendation on the company. The average 1 year target price among brokerages that have issued ratings on the stock in the last year is $14.00.

A number of analysts have weighed in on the company. Zacks Investment Research cut Hostess Brands from a “hold” rating to a “sell” rating in a research report on Thursday, September 6th. BidaskClub cut Hostess Brands from a “hold” rating to a “sell” rating in a research report on Friday, August 10th. Royal Bank of Canada cut Hostess Brands from an “outperform” rating to a “sector perform” rating in a research report on Wednesday, August 8th. Citigroup set a $12.00 price target on Hostess Brands and gave the stock a “hold” rating in a research report on Monday, November 12th. Finally, UBS Group set a $12.00 price target on Hostess Brands and gave the stock a “hold” rating in a research report on Thursday, November 8th.

Several large investors have recently made changes to their positions in the business. Vanguard Group Inc. lifted its position in shares of Hostess Brands by 5.5% in the third quarter. Vanguard Group Inc. now owns 8,190,752 shares of the company’s stock worth $90,671,000 after buying an additional 428,147 shares during the last quarter. BlackRock Inc. lifted its position in shares of Hostess Brands by 2.6% in the third quarter. BlackRock Inc. now owns 6,522,238 shares of the company’s stock worth $72,201,000 after buying an additional 164,402 shares during the last quarter. River Road Asset Management LLC lifted its position in shares of Hostess Brands by 7.7% in the third quarter. River Road Asset Management LLC now owns 5,886,401 shares of the company’s stock worth $65,162,000 after buying an additional 423,360 shares during the last quarter. Dimensional Fund Advisors LP lifted its position in shares of Hostess Brands by 18.4% in the third quarter. Dimensional Fund Advisors LP now owns 5,715,597 shares of the company’s stock worth $63,272,000 after buying an additional 886,636 shares during the last quarter. Finally, Channing Capital Management LLC lifted its position in shares of Hostess Brands by 6.1% during the 2nd quarter. Channing Capital Management LLC now owns 4,061,789 shares of the company’s stock worth $55,240,000 after purchasing an additional 235,048 shares during the last quarter. 83.14% of the stock is owned by institutional investors.

TWNK traded up $0.09 during trading on Friday, reaching $11.21. 171,714 shares of the stock traded hands, compared to its average volume of 1,101,205. The stock has a market cap of $1.45 billion, a price-to-earnings ratio of 17.79 and a beta of 0.28. Hostess Brands has a fifty-two week low of $9.86 and a fifty-two week high of $15.40. The company has a current ratio of 2.13, a quick ratio of 1.85 and a debt-to-equity ratio of 0.64.

Hostess Brands (NASDAQ:TWNK) last released its quarterly earnings data on Wednesday, November 7th. The company reported $0.10 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.12 by ($0.02). The firm had revenue of $211.00 million for 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%. Hostess Brands’s revenue for the quarter was up 9.7% on a year-over-year basis. During the same period in the previous year, the business posted $0.14 EPS. As a group, sell-side analysts forecast that Hostess Brands will post 0.53 earnings per share for the current fiscal year.

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 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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Analyst Recommendations for Hostess Brands (NASDAQ:TWNK)

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