Hostess Brands Inc (NASDAQ:TWNK) – Analysts at Jefferies Financial Group upped their Q2 2020 earnings per share (EPS) estimates for shares of Hostess Brands in a note issued to investors on Wednesday, June 24th. Jefferies Financial Group analyst R. Dickerson now anticipates that the company will earn $0.14 per share for the quarter, up from their previous estimate of $0.13. Jefferies Financial Group has a “Buy” rating and a $15.00 price target on the stock. Jefferies Financial Group also issued estimates for Hostess Brands’ Q3 2020 earnings at $0.18 EPS, FY2020 earnings at $0.68 EPS, FY2021 earnings at $0.80 EPS and FY2022 earnings at $0.90 EPS.
Hostess Brands (NASDAQ:TWNK) last issued its quarterly earnings results on Friday, May 8th. The company reported $0.14 earnings per share for the quarter, beating the consensus estimate of $0.13 by $0.01. Hostess Brands had a net margin of 4.78% and a return on equity of 4.71%. The business had revenue of $243.50 million for the quarter, compared to the consensus estimate of $230.09 million. During the same quarter in the previous year, the firm earned $0.14 earnings per share. The company’s revenue for the quarter was up 9.3% on a year-over-year basis.
Several other research firms have also recently issued reports on TWNK. Berenberg Bank upgraded shares of Hostess Brands from a “hold” rating to a “buy” rating in a research report on Monday, March 30th. SunTrust Banks upgraded shares of Hostess Brands from a “hold” rating to a “buy” rating and set a $16.00 price objective on the stock in a research report on Monday, June 1st. Zacks Investment Research cut shares of Hostess Brands from a “buy” rating to a “hold” rating in a research report on Saturday, May 16th. BidaskClub raised shares of Hostess Brands from a “sell” rating to a “hold” rating in a research note on Saturday. Finally, Morgan Stanley boosted their target price on shares of Hostess Brands from $11.00 to $12.00 and gave the company an “equal weight” rating in a research note on Monday, May 11th. Six analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. The stock presently has an average rating of “Hold” and an average target price of $14.83.
Hostess Brands stock opened at $12.22 on Monday. The stock has a market cap of $1.60 billion, a P/E ratio of 33.95 and a beta of 0.79. The company has a debt-to-equity ratio of 0.71, a current ratio of 1.66 and a quick ratio of 1.38. Hostess Brands has a 1 year low of $9.32 and a 1 year high of $14.86. The firm’s 50 day moving average price is $12.02 and its 200-day moving average price is $12.53.
Several large investors have recently modified their holdings of the stock. River Road Asset Management LLC grew its stake in Hostess Brands by 20.6% during the 4th quarter. River Road Asset Management LLC now owns 11,375,042 shares of the company’s stock valued at $165,393,000 after purchasing an additional 1,943,941 shares in the last quarter. Victory Capital Management Inc. boosted its position in Hostess Brands by 31.3% during the fourth quarter. Victory Capital Management Inc. now owns 7,519,585 shares of the company’s stock valued at $109,335,000 after purchasing an additional 1,790,825 shares during the last quarter. Norges Bank acquired a new stake in Hostess Brands during the fourth quarter valued at $21,971,000. Champlain Investment Partners LLC boosted its position in Hostess Brands by 14.0% during the fourth quarter. Champlain Investment Partners LLC now owns 9,884,300 shares of the company’s stock valued at $143,718,000 after purchasing an additional 1,210,670 shares during the last quarter. Finally, Fort Baker Capital Management LP boosted its position in Hostess Brands by 366.5% during the fourth quarter. Fort Baker Capital Management LP now owns 800,930 shares of the company’s stock valued at $1,578,000 after purchasing an additional 629,254 shares during the last quarter.
In other Hostess Brands news, insider Hostess Cdm Co-Invest, Llc sold 325,000 shares of the firm’s stock in a transaction on Wednesday, May 27th. The stock was sold at an average price of $12.09, for a total value of $3,929,250.00. Following the completion of the sale, the insider now directly owns 325,000 shares of the company’s stock, valued at approximately $3,929,250. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Insiders sold a total of 923,577 shares of company stock valued at $11,404,709 over the last ninety days. Corporate insiders own 7.10% 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 a range of snack cakes, donuts, sweet rolls, breakfast pastries, snack pies, and related products. The company operates in two segments, Sweet Baked Goods and In-Store Bakery.
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