Hostess Brands (NASDAQ:TWNK) Upgraded at UBS Group

UBS Group upgraded shares of Hostess Brands (NASDAQ:TWNK) from a neutral rating to a buy rating in a research report sent to investors on Monday, Benzinga reports. UBS Group currently has $17.00 price objective on the stock, up from their previous price objective of $14.00.

Several other research analysts also recently commented on TWNK. BidaskClub downgraded Hostess Brands from a buy rating to a hold rating in a research note on Friday, March 1st. TheStreet upgraded Hostess Brands from a c+ rating to a b- rating in a research note on Monday, March 4th. Deutsche Bank upgraded Hostess Brands from a hold rating to a buy rating and raised their target price for the stock from $12.00 to $15.00 in a research note on Tuesday, April 2nd. JPMorgan Chase & Co. restated an overweight rating and issued a $14.00 target price on shares of Hostess Brands in a research note on Thursday, May 9th. Finally, Evercore ISI initiated coverage on Hostess Brands in a research note on Tuesday, June 11th. They issued an outperform rating and a $16.00 target price for the company. Four investment analysts have rated the stock with a hold rating and six have assigned a buy rating to the stock. The stock has a consensus rating of Buy and an average target price of $14.57.

Shares of NASDAQ TWNK opened at $14.26 on Monday. Hostess Brands has a 52 week low of $9.86 and a 52 week high of $14.70. The business has a 50-day moving average of $13.56. The company has a current ratio of 2.19, a quick ratio of 1.91 and a debt-to-equity ratio of 0.62. The company has a market cap of $1.86 billion, a P/E ratio of 26.41 and a beta of 0.50.

Hostess Brands (NASDAQ:TWNK) last issued its earnings results on Wednesday, May 8th. The company reported $0.14 EPS for the quarter, hitting the consensus estimate 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 the consensus estimate of $210.90 million. On average, equities research analysts predict 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 1,174,376 shares of the firm’s stock in a transaction dated Wednesday, April 3rd. The stock was sold at an average price of $12.96, for a total value of $15,219,912.96. Following the sale, the insider now owns 765,059 shares of the company’s stock, valued at approximately $9,915,164.64. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. 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 approximately $6,108,478.09. The disclosure for this sale can be found here. In the last ninety days, insiders sold 9,174,376 shares of company stock worth $121,699,913. Insiders own 23.60% of the company’s stock.

Several large investors have recently added to or reduced their stakes in the business. Diversified Trust Co raised its holdings in shares of Hostess Brands by 5.3% in the 1st quarter. Diversified Trust Co now owns 29,875 shares of the company’s stock valued at $373,000 after acquiring an additional 1,500 shares in the last quarter. Boyar Asset Management Inc. raised its holdings in shares of Hostess Brands by 8.4% during the 1st quarter. Boyar Asset Management Inc. now owns 20,473 shares of the company’s stock valued at $256,000 after buying an additional 1,593 shares in the last quarter. PNC Financial Services Group Inc. raised its holdings in shares of Hostess Brands by 63.7% during the 4th quarter. PNC Financial Services Group Inc. now owns 6,371 shares of the company’s stock valued at $70,000 after buying an additional 2,479 shares in the last quarter. King Luther Capital Management Corp raised its holdings in shares of Hostess Brands by 1.7% during the 1st quarter. King Luther Capital Management Corp now owns 216,285 shares of the company’s stock valued at $2,704,000 after buying an additional 3,565 shares in the last quarter. Finally, United Services Automobile Association raised its holdings in shares of Hostess Brands by 7.0% during the 4th quarter. United Services Automobile Association now owns 55,325 shares of the company’s stock valued at $605,000 after buying an additional 3,640 shares in the last quarter. 84.83% of the stock is currently 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.

Featured Story: How to Use the New Google Finance Tool

Analyst Recommendations for Hostess Brands (NASDAQ:TWNK)

Receive News & Ratings for Hostess Brands Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Hostess Brands and related companies with MarketBeat.com's FREE daily email newsletter.