Hostess Brands, Inc. (NASDAQ:TWNK) Receives Average Recommendation of “Moderate Buy” from Brokerages

Shares of Hostess Brands, Inc. (NASDAQ:TWNKGet Rating) have earned an average rating of “Moderate Buy” from the nine ratings firms that are covering the stock, MarketBeat reports. Two analysts have rated the stock with a hold recommendation and four have assigned a buy recommendation to the company. The average twelve-month target price among brokers that have covered the stock in the last year is $25.57.

TWNK has been the topic of several analyst reports. Citigroup lifted their price target on shares of Hostess Brands from $26.00 to $28.00 in a report on Thursday, May 5th. Deutsche Bank Aktiengesellschaft lifted their price target on shares of Hostess Brands from $21.00 to $23.00 and gave the company a “hold” rating in a report on Wednesday, March 2nd. Stephens lifted their price target on shares of Hostess Brands from $23.00 to $28.00 and gave the company an “overweight” rating in a report on Wednesday, March 2nd. Credit Suisse Group boosted their target price on shares of Hostess Brands from $22.00 to $25.00 and gave the stock an “outperform” rating in a report on Thursday, March 3rd. Finally, StockNews.com began coverage on shares of Hostess Brands in a report on Thursday, March 31st. They issued a “hold” rating on the stock.

In related news, insider Michael John Cramer sold 25,000 shares of the business’s stock in a transaction on Wednesday, May 11th. The shares were sold at an average price of $22.15, for a total value of $553,750.00. Following the sale, the insider now owns 43,408 shares in the company, valued at $961,487.20. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Michael Gernigin sold 7,060 shares of the business’s stock in a transaction on Friday, May 27th. The stock was sold at an average price of $21.38, for a total transaction of $150,942.80. Following the completion of the sale, the insider now owns 6,922 shares in the company, valued at approximately $147,992.36. The disclosure for this sale can be found here. Insiders own 0.73% of the company’s stock.

A number of institutional investors and hedge funds have recently made changes to their positions in TWNK. Patriot Financial Group Insurance Agency LLC increased its position in Hostess Brands by 51.8% in the third quarter. Patriot Financial Group Insurance Agency LLC now owns 1,947 shares of the company’s stock worth $34,000 after purchasing an additional 664 shares during the last quarter. Point72 Hong Kong Ltd bought a new position in Hostess Brands during the first quarter valued at $132,000. Ensign Peak Advisors Inc bought a new position in Hostess Brands during the fourth quarter valued at $143,000. PNC Financial Services Group Inc. increased its position in Hostess Brands by 701.6% during the first quarter. PNC Financial Services Group Inc. now owns 8,248 shares of the company’s stock valued at $182,000 after acquiring an additional 7,219 shares during the last quarter. Finally, Everence Capital Management Inc. bought a new position in Hostess Brands during the first quarter valued at $206,000.

TWNK opened at $19.74 on Thursday. The company has a current ratio of 2.32, a quick ratio of 2.04 and a debt-to-equity ratio of 0.62. The company has a market cap of $2.74 billion, a price-to-earnings ratio of 21.93 and a beta of 0.61. The company’s 50 day moving average is $21.62 and its 200 day moving average is $20.96. Hostess Brands has a 12-month low of $15.10 and a 12-month high of $24.27.

Hostess Brands (NASDAQ:TWNKGet Rating) last issued its quarterly earnings results on Wednesday, May 4th. The company reported $0.27 earnings per share for the quarter, beating the consensus estimate of $0.23 by $0.04. Hostess Brands had a net margin of 10.52% and a return on equity of 7.78%. The business had revenue of $332.10 million for the quarter, compared to the consensus estimate of $298.99 million. During the same quarter in the previous year, the firm earned $0.20 earnings per share. The company’s revenue for the quarter was up 25.1% on a year-over-year basis. As a group, analysts predict that Hostess Brands will post 0.98 EPS for the current fiscal year.

Hostess Brands Company Profile (Get Rating)

Hostess Brands, Inc, a packaged food company, develops, manufactures, markets, sells, and distributes snack products in the United States. The company provides a range of snack cakes, donuts, sweet rolls, breakfast pastries, cookies, snack pies, sweet baked goods, wafers, bread and buns, danishes, honey buns, coffee cakes, and sugar-free products.

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Analyst Recommendations for Hostess Brands (NASDAQ:TWNK)

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