Deutsche Bank downgraded shares of Hostess Brands (NASDAQ:TWNK) from a buy rating to a hold rating in a report published on Monday morning, Marketbeat Ratings reports. The firm currently has $14.00 price objective on the stock.
Several other research analysts have also weighed in on TWNK. BidaskClub lowered Hostess Brands from a hold rating to a sell rating in a research report on Friday, January 19th. Zacks Investment Research upgraded Hostess Brands from a hold rating to a buy rating and set a $16.00 price objective for the company in a research report on Saturday, January 20th. TheStreet upgraded Hostess Brands from a c rating to a b- rating in a research report on Thursday, February 8th. Morgan Stanley set a $14.00 price objective on Hostess Brands and gave the stock a hold rating in a research report on Thursday, March 1st. Finally, UBS upgraded Hostess Brands from a sell rating to a neutral rating in a research report on Monday, April 23rd. One analyst has rated the stock with a sell rating, five have given a hold rating and two have issued a buy rating to the stock. Hostess Brands has a consensus rating of Hold and an average target price of $15.29.
TWNK stock opened at $12.84 on Monday. The company has a quick ratio of 1.64, a current ratio of 1.94 and a debt-to-equity ratio of 0.66. The company has a market capitalization of $1.67 billion, a PE ratio of 20.38 and a beta of 0.24. Hostess Brands has a 1 year low of $12.76 and a 1 year high of $12.92.
Hostess Brands (NASDAQ:TWNK) last posted its quarterly earnings results on Wednesday, May 9th. The company reported $0.14 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.14. The business had revenue of $208.74 million during the quarter, compared to analyst estimates of $200.77 million. Hostess Brands had a return on equity of 4.37% and a net margin of 28.97%. The business’s revenue was up 13.1% compared to the same quarter last year. During the same period in the prior year, the business earned $0.15 earnings per share. equities research analysts predict that Hostess Brands will post 0.69 EPS for the current fiscal year.
In other Hostess Brands news, Director Craig D. Steeneck acquired 13,000 shares of the stock in a transaction that occurred on Monday, March 5th. The stock was bought at an average cost of $14.09 per share, for a total transaction of $183,170.00. Following the completion of the transaction, the director now owns 308,257 shares of the company’s stock, valued at approximately $4,343,341.13. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Corporate insiders own 25.50% of the company’s stock.
Institutional investors have recently modified their holdings of the stock. BlackRock Inc. boosted its position in shares of Hostess Brands by 2.1% during the fourth quarter. BlackRock Inc. now owns 5,143,867 shares of the company’s stock worth $76,181,000 after buying an additional 106,348 shares during the period. River Road Asset Management LLC boosted its position in shares of Hostess Brands by 98.3% during the first quarter. River Road Asset Management LLC now owns 5,124,401 shares of the company’s stock worth $75,790,000 after buying an additional 2,540,585 shares during the period. Cardinal Capital Management LLC CT boosted its position in shares of Hostess Brands by 123.3% during the first quarter. Cardinal Capital Management LLC CT now owns 4,019,609 shares of the company’s stock worth $59,450,000 after buying an additional 2,219,456 shares during the period. Dimensional Fund Advisors LP boosted its position in shares of Hostess Brands by 22.1% during the first quarter. Dimensional Fund Advisors LP now owns 3,966,993 shares of the company’s stock worth $58,672,000 after buying an additional 718,520 shares during the period. Finally, Victory Capital Management Inc. boosted its position in shares of Hostess Brands by 5.3% during the first quarter. Victory Capital Management Inc. now owns 3,864,401 shares of the company’s stock worth $57,154,000 after buying an additional 194,310 shares during the period. Institutional investors own 85.73% of the company’s stock.
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 coffee cakes, cinnamon rolls, honey buns, brownies, bread and buns, jumbo muffins, and eclairs under the Twinkies, CupCakes, Ding Dongs, Zingers, HoHos, Donettes, Dolly Madison, and Superior on Main brands.
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