Equities research analysts at UBS AG assumed coverage on shares of HOSTESS BRANDS (NASDAQ:TWNK) in a research note issued on Monday, July 31st, 99wallstreet.com reports. The firm set a “neutral” rating and a $16.00 price target on the stock. UBS AG’s price objective points to a potential upside of 15.11% from the stock’s previous close.
Other equities research analysts also recently issued research reports about the company. Zacks Investment Research raised HOSTESS BRANDS from a “sell” rating to a “hold” rating in a report on Thursday, April 27th. BidaskClub raised HOSTESS BRANDS from a “hold” rating to a “buy” rating in a research note on Friday, June 9th. Stephens began coverage on HOSTESS BRANDS in a research note on Tuesday, May 16th. They issued an “overweight” rating and a $20.00 price target for the company. Finally, Deutsche Bank AG set a $19.00 price target on HOSTESS BRANDS and gave the company a “buy” rating in a research note on Wednesday, May 10th. Two investment analysts have rated the stock with a hold rating, four have assigned a buy rating and one has issued a strong buy rating to the stock. The stock presently has a consensus rating of “Buy” and an average price target of $17.83.
Shares of HOSTESS BRANDS (NASDAQ TWNK) opened at 13.90 on Monday. HOSTESS BRANDS has a one year low of $10.48 and a one year high of $17.18. The company’s market cap is $1.39 billion. The firm has a 50-day moving average of $15.57 and a 200 day moving average of $15.73.
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 the Zacks’ consensus estimate of $0.19 by $0.01. The firm had revenue of $203.18 million during the quarter, compared to the consensus estimate of $205.41 million. Equities research analysts anticipate that HOSTESS BRANDS will post $0.60 EPS for the current year.
In other HOSTESS BRANDS news, insider Cdm Hostess Class C, Llc sold 330,000 shares of HOSTESS BRANDS stock in a transaction dated Wednesday, June 14th. The stock was sold at an average price of $16.44, for a total value of $5,425,200.00. Following the transaction, the insider now owns 195,000 shares in the company, valued at $3,205,800. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, insider William Douglas Toler bought 50,000 shares of the firm’s stock in a transaction on Wednesday, May 31st. The stock was acquired at an average price of $15.85 per share, for a total transaction of $792,500.00. Following the transaction, the insider now owns 485,000 shares of the company’s stock, valued at $7,687,250. The disclosure for this purchase can be found here. 25.50% of the stock is owned by insiders.
A number of hedge funds and other institutional investors have recently added to or reduced their stakes in TWNK. Goldman Sachs Group Inc. boosted its position in HOSTESS BRANDS by 55.0% in the first quarter. Goldman Sachs Group Inc. now owns 401,300 shares of the company’s stock worth $6,369,000 after buying an additional 142,324 shares in the last quarter. Nationwide Fund Advisors acquired a new position in HOSTESS BRANDS during the first quarter worth about $345,000. Fenimore Asset Management Inc. acquired a new position in HOSTESS BRANDS during the second quarter worth about $7,866,000. Driehaus Capital Management LLC acquired a new position in HOSTESS BRANDS during the first quarter worth about $1,061,000. Finally, Janus Capital Management LLC acquired a new position in HOSTESS BRANDS during the first quarter worth about $278,000. Hedge funds and other institutional investors own 89.74% of the company’s stock.
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.
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