Hostess Brands (NASDAQ:TWNK) Downgraded by BidaskClub to Hold

BidaskClub cut shares of Hostess Brands (NASDAQ:TWNK) from a buy rating to a hold rating in a report released on Tuesday morning, BidAskClub reports.

Other analysts have also issued reports about the company. TheStreet raised Hostess Brands from a c+ rating to a b- rating in a report on Monday, March 4th. Deutsche Bank raised Hostess Brands from a hold rating to a buy rating and increased their target price for the stock from $12.00 to $15.00 in a report on Tuesday, April 2nd. Finally, JPMorgan Chase & Co. reissued an overweight rating and set a $14.00 target price on shares of Hostess Brands in a report on Thursday, May 9th. Six research analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. The company has a consensus rating of Hold and an average price target of $13.00.

TWNK opened at $13.37 on Tuesday. The firm has a market cap of $1.73 billion, a PE ratio of 24.76 and a beta of 0.50. Hostess Brands has a 52-week low of $9.86 and a 52-week high of $14.70. The company has a current ratio of 2.19, a quick ratio of 1.91 and a debt-to-equity ratio of 0.62.

Hostess Brands (NASDAQ:TWNK) last released its earnings results on Wednesday, May 8th. The company reported $0.14 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.14. The company had revenue of $222.74 million for the quarter, compared to analyst estimates of $210.90 million. Hostess Brands had a return on equity of 3.60% and a net margin of 6.96%. Equities analysts forecast that Hostess Brands will post 0.62 earnings per share for the current year.

In related news, insider Hostess Cdm Co-Invest, Llc sold 6,165,700 shares of the firm’s stock in a transaction dated Friday, May 17th. The stock was sold at an average price of $13.31, for a total value of $82,065,467.00. Following the sale, the insider now directly owns 6,165,700 shares of the company’s stock, valued at $82,065,467. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, Director C. Dean Metropoulos sold 1,834,300 shares of the firm’s stock in a transaction dated Friday, May 17th. The shares were sold at an average price of $13.31, for a total value of $24,414,533.00. Following the completion of the sale, the director now directly owns 458,939 shares in the company, valued at $6,108,478.09. The disclosure for this sale can be found here. Insiders sold 9,174,376 shares of company stock worth $121,699,913 over the last ninety days. 23.60% of the stock is currently owned by insiders.

Large investors have recently added to or reduced their stakes in the stock. Quantamental Technologies LLC acquired a new stake in Hostess Brands in the fourth quarter valued at about $36,000. PNC Financial Services Group Inc. raised its position in Hostess Brands by 63.7% in the fourth quarter. PNC Financial Services Group Inc. now owns 6,371 shares of the company’s stock valued at $70,000 after purchasing an additional 2,479 shares during the last quarter. Stormborn Capital Management LLC bought a new position in Hostess Brands in the first quarter valued at about $78,000. NumerixS Investment Technologies Inc bought a new position in Hostess Brands in the first quarter valued at about $102,000. Finally, O Brien Greene & Co. Inc bought a new position in Hostess Brands in the fourth quarter valued at about $109,000. 84.86% 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 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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Analyst Recommendations for Hostess Brands (NASDAQ:TWNK)

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