Hostess Brands (NASDAQ:TWNK) Upgraded by BidaskClub to Hold

BidaskClub upgraded shares of Hostess Brands (NASDAQ:TWNK) from a sell rating to a hold rating in a research note issued to investors on Saturday morning, BidAskClub reports.

Several other research analysts have also recently commented on the stock. SunTrust Banks upgraded shares of Hostess Brands from a hold rating to a buy rating and set a $16.00 target price for the company in a research report on Monday, June 1st. Morgan Stanley upped their target price on shares of Hostess Brands from $11.00 to $12.00 and gave the stock an equal weight rating in a research report on Monday, May 11th. JPMorgan Chase & Co. upgraded shares of Hostess Brands to a hold rating in a research report on Monday, June 1st. Jefferies Financial Group restated a buy rating and issued a $15.00 target price on shares of Hostess Brands in a research report on Wednesday, June 24th. Finally, Berenberg Bank upgraded shares of Hostess Brands from a hold rating to a buy rating in a report on Monday, March 30th. Six research analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. The stock presently has an average rating of Hold and an average target price of $14.83.

Shares of Hostess Brands stock opened at $12.22 on Friday. The firm has a market cap of $1.60 billion, a PE ratio of 33.95 and a beta of 0.79. The firm’s 50-day simple moving average is $12.02 and its 200-day simple moving average is $12.53. The company has a debt-to-equity ratio of 0.71, a quick ratio of 1.38 and a current ratio of 1.66. Hostess Brands has a 1 year low of $9.32 and a 1 year high of $14.86.

Hostess Brands (NASDAQ:TWNK) last issued its earnings results on Friday, May 8th. The company reported $0.14 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.13 by $0.01. Hostess Brands had a net margin of 4.78% and a return on equity of 4.71%. The business had revenue of $243.50 million for the quarter, compared to analyst estimates of $230.09 million. During the same quarter in the prior year, the business posted $0.14 EPS. The company’s revenue for the quarter was up 9.3% on a year-over-year basis. On average, equities analysts predict that Hostess Brands will post 0.67 earnings per share for the current year.

In other Hostess Brands news, insider Hostess Cdm Co-Invest, Llc sold 274,218 shares of the stock in a transaction that occurred on Monday, June 8th. The shares were sold at an average price of $12.57, for a total value of $3,446,920.26. Following the completion of the sale, the insider now owns 324,359 shares in the company, valued at approximately $4,077,192.63. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. In the last quarter, insiders sold 923,577 shares of company stock valued at $11,404,709. Insiders own 7.10% of the company’s stock.

Several institutional investors and hedge funds have recently made changes to their positions in TWNK. Principal Financial Group Inc. acquired a new position in shares of Hostess Brands during the 4th quarter worth $148,000. Rhumbline Advisers increased its stake in shares of Hostess Brands by 6.9% during the 4th quarter. Rhumbline Advisers now owns 193,946 shares of the company’s stock worth $2,820,000 after purchasing an additional 12,587 shares during the last quarter. Swiss National Bank increased its stake in shares of Hostess Brands by 2.4% during the 4th quarter. Swiss National Bank now owns 231,400 shares of the company’s stock worth $3,365,000 after purchasing an additional 5,500 shares during the last quarter. State Street Corp increased its stake in shares of Hostess Brands by 8.4% during the 4th quarter. State Street Corp now owns 2,584,426 shares of the company’s stock worth $37,578,000 after purchasing an additional 200,467 shares during the last quarter. Finally, Victory Capital Management Inc. increased its stake in shares of Hostess Brands by 31.3% during the 4th quarter. Victory Capital Management Inc. now owns 7,519,585 shares of the company’s stock worth $109,335,000 after purchasing an additional 1,790,825 shares during the last quarter.

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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