Hostess Brands (TWNK) Upgraded at TheStreet

TheStreet upgraded shares of Hostess Brands (NASDAQ:TWNK) from a c rating to a b- rating in a research note issued to investors on Thursday.

A number of other equities research analysts have also weighed in on TWNK. BidaskClub lowered shares of Hostess Brands from a sell rating to a strong sell rating in a report on Saturday, February 3rd. Zacks Investment Research lowered shares of Hostess Brands from a buy rating to a hold rating in a report on Thursday, January 25th. Morgan Stanley lowered their price objective on shares of Hostess Brands from $14.00 to $12.00 and set an equal weight rating for the company in a report on Thursday, November 9th. Royal Bank of Canada restated a buy rating and issued a $16.00 price objective on shares of Hostess Brands in a report on Wednesday, October 25th. Finally, JPMorgan Chase & Co. began coverage on shares of Hostess Brands in a report on Wednesday, October 11th. They issued a neutral rating and a $15.00 price objective for the company. Two investment analysts have rated the stock with a sell rating, three have assigned a hold rating, four have issued a buy rating and one has assigned a strong buy rating to the company’s stock. Hostess Brands currently has a consensus rating of Hold and an average target price of $16.78.

Shares of Hostess Brands (NASDAQ TWNK) opened at $13.07 on Thursday. Hostess Brands has a 1 year low of $11.00 and a 1 year high of $17.18. The company has a quick ratio of 1.88, a current ratio of 2.18 and a debt-to-equity ratio of 0.77.

Hostess Brands (NASDAQ:TWNK) last announced its quarterly earnings data on Wednesday, November 8th. The company reported $0.14 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.13 by $0.01. The firm had revenue of $192.30 million during the quarter, compared to analyst estimates of $198.42 million. Hostess Brands had a net margin of 2.58% and a return on equity of 1.16%. The firm’s revenue was down 2.0% on a year-over-year basis. research analysts expect that Hostess Brands will post 0.61 earnings per share for the current fiscal year.

In related news, insider Cdm Hostess Class C, Llc sold 31,685 shares of the company’s stock in a transaction on Monday, December 18th. The shares were sold at an average price of $15.30, for a total transaction of $484,780.50. Following the completion of the sale, the insider now directly owns 31,685 shares in the company, valued at approximately $484,780.50. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CEO William Douglas Toler purchased 50,000 shares of the stock in a transaction that occurred on Friday, November 24th. The shares were purchased at an average price of $12.88 per share, with a total value of $644,000.00. Following the completion of the acquisition, the chief executive officer now directly owns 250,000 shares in the company, valued at $3,220,000. The disclosure for this purchase can be found here. Corporate insiders own 25.50% of the company’s stock.

Large investors have recently bought and sold shares of the stock. Ameritas Investment Partners Inc. bought a new stake in Hostess Brands during the 2nd quarter valued at $113,000. Amalgamated Bank bought a new stake in Hostess Brands during the 2nd quarter valued at $170,000. Segall Bryant & Hamill LLC bought a new stake in Hostess Brands during the 3rd quarter valued at $150,000. JPMorgan Chase & Co. increased its position in Hostess Brands by 340.8% during the 3rd quarter. JPMorgan Chase & Co. now owns 11,782 shares of the company’s stock valued at $161,000 after purchasing an additional 9,109 shares during the period. Finally, Centaurus Financial Inc. purchased a new position in Hostess Brands during the 4th quarter valued at $181,000. Institutional investors own 77.08% of the company’s stock.

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About Hostess Brands

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.

Analyst Recommendations for Hostess Brands (NASDAQ:TWNK)

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