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.
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.
Further Reading: What is the NASDAQ?
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.