Hostess Brands (NASDAQ:TWNK) received a $12.00 target price from analysts at UBS Group in a research report issued to clients and investors on Thursday, www.stocktargetadvisor.com reports. The brokerage currently has a “hold” rating on the stock. UBS Group’s price objective suggests a potential upside of 7.05% from the stock’s previous close.
Several other equities analysts also recently weighed in on the stock. Zacks Investment Research downgraded shares of Hostess Brands from a “hold” rating to a “sell” rating in a research note on Thursday, September 6th. BidaskClub downgraded shares of Hostess Brands from a “hold” rating to a “sell” rating in a research note on Friday, September 21st. Citigroup started coverage on shares of Hostess Brands in a research note on Wednesday, September 26th. They issued a “neutral” rating and a $13.00 price target on the stock. SunTrust Banks downgraded shares of Hostess Brands from a “buy” rating to a “hold” rating in a research note on Wednesday, August 8th. Finally, Royal Bank of Canada downgraded shares of Hostess Brands from an “outperform” rating to a “sector perform” rating in a research note on Wednesday, August 8th. Eight analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. Hostess Brands presently has a consensus rating of “Hold” and an average price target of $14.89.
Shares of NASDAQ:TWNK traded up $0.11 during midday trading on Thursday, hitting $11.21. The company’s stock had a trading volume of 603,820 shares, compared to its average volume of 1,452,928. The company has a current ratio of 2.03, a quick ratio of 1.75 and a debt-to-equity ratio of 0.64. The company has a market cap of $1.44 billion, a P/E ratio of 17.79 and a beta of 0.28. Hostess Brands has a 12-month low of $9.86 and a 12-month high of $15.40.
Hostess Brands (NASDAQ:TWNK) last posted its quarterly earnings results on Wednesday, November 7th. The company reported $0.10 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.12 by ($0.02). The business had revenue of $211.00 million during the quarter, compared to analysts’ expectations of $208.64 million. Hostess Brands had a return on equity of 3.78% and a net margin of 27.74%. The business’s quarterly revenue was up 9.7% on a year-over-year basis. During the same period in the prior year, the business posted $0.14 earnings per share. On average, analysts expect that Hostess Brands will post 0.55 earnings per share for the current year.
In other news, Director Larry E. Bodner acquired 10,000 shares of the business’s stock in a transaction that occurred on Tuesday, August 14th. The stock was purchased at an average cost of $11.93 per share, for a total transaction of $119,300.00. Following the completion of the transaction, the director now owns 26,609 shares in the company, valued at $317,445.37. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. 24.60% of the stock is currently owned by company insiders.
Institutional investors have recently added to or reduced their stakes in the stock. Sun Life Financial INC acquired a new stake in Hostess Brands during the second quarter worth about $110,000. Country Club Trust Company n.a. acquired a new stake in Hostess Brands during the second quarter worth about $144,000. State Board of Administration of Florida Retirement System acquired a new stake in Hostess Brands during the third quarter worth about $170,000. SG Americas Securities LLC acquired a new stake in Hostess Brands during the second quarter worth about $181,000. Finally, Boyar Asset Management Inc. acquired a new stake in Hostess Brands during the third quarter worth about $183,000. Hedge funds and other institutional investors own 85.44% of the company’s stock.
Hostess Brands Company Profile
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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