Hostess Brands (NASDAQ:TWNK) Upgraded to “Buy” by BidaskClub

BidaskClub upgraded shares of Hostess Brands (NASDAQ:TWNK) from a hold rating to a buy rating in a research report sent to investors on Wednesday, BidAskClub reports.

Other research analysts have also recently issued research reports about the company. TheStreet cut Hostess Brands from a b rating to a f rating in a research report on Thursday, July 18th. UBS Group raised Hostess Brands from a neutral rating to a buy rating and lifted their target price for the company from $14.00 to $17.00 in a research report on Monday, June 24th. DA Davidson assumed coverage on Hostess Brands in a research report on Wednesday, June 19th. They set a buy rating and a $16.00 target price on the stock. Morgan Stanley lifted their target price on Hostess Brands from $13.00 to $14.00 and gave the company an equal weight rating in a research report on Wednesday, July 17th. Finally, Evercore ISI assumed coverage on Hostess Brands in a research report on Tuesday, June 11th. They set an outperform rating and a $16.00 target price on the stock. Five research analysts have rated the stock with a hold rating and six have given a buy rating to the company’s stock. The company presently has an average rating of Buy and an average price target of $14.78.

Shares of NASDAQ:TWNK traded up $0.14 during mid-day trading on Wednesday, hitting $14.43. 1,550,139 shares of the company traded hands, compared to its average volume of 967,456. The stock has a market cap of $1.86 billion, a PE ratio of 26.72 and a beta of 0.55. The company has a debt-to-equity ratio of 0.62, a quick ratio of 1.91 and a current ratio of 2.19. Hostess Brands has a 12-month low of $9.86 and a 12-month high of $14.86. The firm’s 50-day moving average price is $14.38.

Hostess Brands (NASDAQ:TWNK) last announced its earnings results on Wednesday, August 7th. The company reported $0.17 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.15 by $0.02. The company had revenue of $241.10 million for the quarter, compared to analysts’ expectations of $225.98 million. Hostess Brands had a return on equity of 3.83% and a net margin of 5.89%. Hostess Brands’s quarterly revenue was up 11.7% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.14 earnings per share. As a group, research analysts forecast that Hostess Brands will post 0.6 earnings per share for the current year.

In related news, 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 in the company, valued at $6,108,478.09. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Hostess Cdm Co-Invest, Llc sold 6,165,700 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 value of $82,065,467.00. Following the sale, the insider now owns 6,165,700 shares in the company, valued at $82,065,467. The disclosure for this sale can be found here. Company insiders own 24.60% of the company’s stock.

A number of institutional investors have recently modified their holdings of the stock. Nisa Investment Advisors LLC bought a new stake in shares of Hostess Brands during the 2nd quarter valued at $29,000. CENTRAL TRUST Co bought a new stake in shares of Hostess Brands during the 2nd quarter valued at $51,000. Financial Gravity Wealth Inc. raised its stake in shares of Hostess Brands by 334.1% during the 2nd quarter. Financial Gravity Wealth Inc. now owns 6,086 shares of the company’s stock valued at $88,000 after purchasing an additional 4,684 shares during the period. NumerixS Investment Technologies Inc bought a new stake in shares of Hostess Brands during the 1st quarter valued at $102,000. Finally, Zurcher Kantonalbank Zurich Cantonalbank raised its stake in shares of Hostess Brands by 55.6% during the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 9,753 shares of the company’s stock valued at $141,000 after purchasing an additional 3,484 shares during the period. Institutional investors and hedge funds own 85.18% of the company’s stock.

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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