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

BidaskClub upgraded shares of Hostess Brands (NASDAQ:TWNK) from a strong sell rating to a sell rating in a report released on Saturday, BidAskClub reports.

Other equities research analysts also recently issued reports about the company. SunTrust Banks dropped their target price on Hostess Brands from $17.00 to $16.00 and set a hold rating on the stock in a report on Friday, September 20th. Morgan Stanley boosted their target price on Hostess Brands from $13.00 to $14.00 and gave the stock an equal weight rating in a report on Wednesday, July 17th. TheStreet downgraded Hostess Brands from a b rating to a f rating in a report on Thursday, July 18th. Finally, Zacks Investment Research downgraded Hostess Brands from a buy rating to a hold rating in a report on Wednesday, September 18th. One research analyst has rated the stock with a sell rating, four have given a hold rating and five have assigned a buy rating to the company. The company presently has an average rating of Hold and a consensus target price of $15.11.

Shares of NASDAQ TWNK traded up $0.25 during trading hours on Friday, reaching $13.40. 1,461,300 shares of the stock traded hands, compared to its average volume of 1,143,874. The company has a quick ratio of 1.96, a current ratio of 2.22 and a debt-to-equity ratio of 0.62. Hostess Brands has a 52-week low of $10.29 and a 52-week high of $14.86. The company has a market capitalization of $1.65 billion, a P/E ratio of 24.81 and a beta of 0.52. The company’s 50-day simple moving average is $13.35 and its two-hundred day simple moving average is $13.77.

Hostess Brands (NASDAQ:TWNK) last released its earnings results on Wednesday, November 6th. The company reported $0.13 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.12 by $0.01. Hostess Brands had a return on equity of 3.82% and a net margin of 5.89%. The business had revenue of $227.21 million for the quarter, compared to the consensus estimate of $212.80 million. During the same period in the previous year, the company posted $0.10 earnings per share. The company’s revenue for the quarter was up 7.7% compared to the same quarter last year. As a group, sell-side analysts forecast that Hostess Brands will post 0.6 earnings per share for the current fiscal year.

In other news, insider Cdm Hostess Class C, Llc sold 962,472 shares of the business’s stock in a transaction on Thursday, August 15th. The stock was sold at an average price of $14.00, for a total value of $13,474,608.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, Director C. Dean Metropoulos sold 455,400 shares of the business’s stock in a transaction on Thursday, August 15th. The stock was sold at an average price of $14.00, for a total value of $6,375,600.00. The disclosure for this sale can be found here. 24.60% of the stock is owned by insiders.

Hedge funds have recently bought and sold shares of the company. Nisa Investment Advisors LLC purchased a new stake in Hostess Brands during the second quarter valued at $29,000. Quantamental Technologies LLC purchased a new stake in Hostess Brands during the second quarter valued at $40,000. Cascade Investment Advisors Inc. increased its position in Hostess Brands by 312.5% during the third quarter. Cascade Investment Advisors Inc. now owns 3,300 shares of the company’s stock valued at $46,000 after acquiring an additional 2,500 shares during the last quarter. CENTRAL TRUST Co purchased a new stake in Hostess Brands during the second quarter valued at $51,000. Finally, Financial Gravity Wealth Inc. increased its position in Hostess Brands by 334.1% during the second quarter. Financial Gravity Wealth Inc. now owns 6,086 shares of the company’s stock valued at $88,000 after acquiring an additional 4,684 shares during the last quarter. Hedge funds and other institutional investors own 94.86% of the company’s stock.

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.

See Also: Compound Interest

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.