Hostess Brands (TWNK) Downgraded by Zacks Investment Research to “Hold”

Hostess Brands (NASDAQ:TWNK) was downgraded by Zacks Investment Research from a “buy” rating to a “hold” rating in a research report issued on Tuesday, August 8th.

According to Zacks, “Hostess Brands, Inc. is involved in developing, manufacturing, marketing, selling and distributing sweet goods primarily in the United States. The company produces new and classic treats which includes Ding Dongs, Ho Hos, Donettes, Fruit Pies as well as Twinkies and CupCakes. Hostess Brands, Inc. is based in Kansas City, Missouri. “

A number of other equities analysts also recently issued reports on the company. Deutsche Bank AG set a $19.00 price target on Hostess Brands and gave the stock a “buy” rating in a research report on Wednesday, May 10th. UBS AG started coverage on Hostess Brands in a research report on Monday, July 31st. They set a “neutral” rating and a $16.00 price target on the stock. Stephens started coverage on Hostess Brands in a research report on Tuesday, May 16th. They set an “overweight” rating and a $20.00 price target on the stock. Finally, BidaskClub raised Hostess Brands from a “hold” rating to a “buy” rating in a research report on Friday, June 9th. Two equities research analysts have rated the stock with a hold rating, four have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. Hostess Brands has a consensus rating of “Buy” and a consensus target price of $17.83.

Hostess Brands (NASDAQ:TWNK) traded up 2.63% on Tuesday, reaching $13.68. The company had a trading volume of 1,072,226 shares. The stock’s 50-day moving average is $15.24 and its 200-day moving average is $15.69. Hostess Brands has a 52 week low of $10.65 and a 52 week high of $17.18. The company’s market capitalization is $1.37 billion.

Hostess Brands (NASDAQ:TWNK) last posted its earnings results on Tuesday, August 8th. The company reported $0.18 earnings per share for the quarter, missing analysts’ consensus estimates of $0.19 by $0.01. The business had revenue of $203.18 million during the quarter, compared to the consensus estimate of $205.41 million. Equities research analysts forecast that Hostess Brands will post $0.59 EPS for the current fiscal year.

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In other news, insider Michael John Cramer bought 5,000 shares of the business’s stock in a transaction that occurred on Friday, August 11th. The shares were purchased at an average cost of $13.98 per share, with a total value of $69,900.00. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, insider Cdm Hostess Class C, Llc sold 376,211 shares of the company’s stock in a transaction on Thursday, June 8th. The shares were sold at an average price of $16.70, for a total value of $6,282,723.70. Following the completion of the transaction, the insider now directly owns 214,000 shares in the company, valued at $3,573,800. The disclosure for this sale can be found here. Over the last three months, insiders purchased 130,000 shares of company stock worth $1,901,900. 25.50% of the stock is owned by insiders.

A number of large investors have recently made changes to their positions in TWNK. SG Americas Securities LLC bought a new stake in shares of Hostess Brands during the first quarter valued at $624,000. Parametric Portfolio Associates LLC bought a new stake in shares of Hostess Brands during the first quarter valued at $5,720,000. Ameriprise Financial Inc. increased its stake in shares of Hostess Brands by 194.2% in the first quarter. Ameriprise Financial Inc. now owns 343,026 shares of the company’s stock valued at $5,444,000 after buying an additional 226,424 shares in the last quarter. First Personal Financial Services bought a new stake in shares of Hostess Brands during the first quarter valued at $106,000. Finally, TD Asset Management Inc. bought a new stake in shares of Hostess Brands during the first quarter valued at $31,586,000. 95.39% of the stock is currently owned by institutional investors.

Hostess Brands Company Profile

Hostess Brands, Inc, a packaged food company, focuses on developing, manufacturing, marketing, selling, and distributing fresh sweet baked goods in the United States. The company operates in two segments, Sweet Baked Goods and Other. Its principal product lines include Twinkies, Zingers, Donettes, coffee cakes, cupcakes, cinnamon rolls, Ding Dongs, honey buns, fruit pies, Sno Balls, mini muffins, Chocodiles, Ho Hos, brownies, Suzy Qs, bread and buns, danishes, jumbo muffins, iced cookies, eclairs, and madeleines.

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