JPMorgan Chase & Co. Reiterates Overweight Rating for Hostess Brands (NASDAQ:TWNK)

Hostess Brands (NASDAQ:TWNK)‘s stock had its “overweight” rating reissued by JPMorgan Chase & Co. in a research note issued to investors on Tuesday, The Fly reports.

A number of other research analysts have also commented on TWNK. Morgan Stanley lifted their price objective on shares of Hostess Brands from $14.00 to $15.00 and gave the company an “equal weight” rating in a research note on Tuesday. Zacks Investment Research upgraded shares of Hostess Brands from a “sell” rating to a “hold” rating in a research note on Friday, November 15th. BidaskClub upgraded shares of Hostess Brands from a “strong sell” rating to a “sell” rating in a research note on Saturday, November 9th. Finally, SunTrust Banks lowered their price target on Hostess Brands from $17.00 to $16.00 and set a “hold” rating on the stock in a report on Friday, September 20th. One research analyst has rated the stock with a sell rating, three have given a hold rating and five have assigned a buy rating to the company’s stock. Hostess Brands presently has an average rating of “Hold” and an average target price of $15.63.

Shares of TWNK traded up $0.10 during mid-day trading on Tuesday, reaching $13.95. 1,176,738 shares of the company’s stock were exchanged, compared to its average volume of 1,131,926. The business’s fifty day simple moving average is $13.22 and its 200-day simple moving average is $13.78. The stock has a market capitalization of $1.75 billion, a PE ratio of 25.83 and a beta of 0.54. Hostess Brands has a 52-week low of $10.29 and a 52-week high of $14.86. The company has a debt-to-equity ratio of 0.62, a current ratio of 2.73 and a quick ratio of 2.49.

Hostess Brands (NASDAQ:TWNK) last released its quarterly earnings results on Wednesday, November 6th. The company reported $0.13 EPS for the quarter, beating the consensus estimate of $0.12 by $0.01. The firm had revenue of $227.21 million during the quarter, compared to the consensus estimate of $212.80 million. Hostess Brands had a net margin of 5.88% and a return on equity of 4.19%. Hostess Brands’s revenue for the quarter was up 7.7% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.10 EPS. Equities research analysts predict that Hostess Brands will post 0.61 earnings per share for the current year.

Hedge funds and other institutional investors have recently modified their holdings of the stock. Nisa Investment Advisors LLC purchased a new position in Hostess Brands in the 2nd quarter valued at $29,000. Quantamental Technologies LLC acquired a new position in Hostess Brands in the 2nd quarter valued at $40,000. Cascade Investment Advisors Inc. raised its position in Hostess Brands by 312.5% during the 3rd quarter. Cascade Investment Advisors Inc. now owns 3,300 shares of the company’s stock worth $46,000 after buying an additional 2,500 shares during the last quarter. Financial Gravity Wealth Inc. raised its position in Hostess Brands by 334.1% during the 2nd quarter. Financial Gravity Wealth Inc. now owns 6,086 shares of the company’s stock worth $88,000 after buying an additional 4,684 shares during the last quarter. Finally, Zurcher Kantonalbank Zurich Cantonalbank lifted its stake in shares of Hostess Brands by 55.6% in the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 9,753 shares of the company’s stock worth $141,000 after acquiring an additional 3,484 shares during the period.

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.

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Analyst Recommendations for Hostess Brands (NASDAQ:TWNK)

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