Hostess Brands (NASDAQ:TWNK) had its price target boosted by equities researchers at Jefferies Financial Group from $16.00 to $18.00 in a research note issued on Tuesday, The Fly reports. The firm currently has a “buy” rating on the stock. Jefferies Financial Group’s price target suggests a potential upside of 26.32% from the company’s current price. Jefferies Financial Group also issued estimates for Hostess Brands’ Q1 2022 earnings at $0.20 EPS and FY2022 earnings at $0.97 EPS.
A number of other brokerages also recently commented on TWNK. Deutsche Bank Aktiengesellschaft upped their target price on Hostess Brands from $15.00 to $17.00 and gave the company a “hold” rating in a report on Thursday, December 10th. BidaskClub upgraded Hostess Brands from a “hold” rating to a “buy” rating in a report on Thursday, December 31st. TheStreet upgraded Hostess Brands from a “f” rating to a “c” rating in a report on Tuesday, October 20th. Zacks Investment Research downgraded Hostess Brands from a “buy” rating to a “hold” rating in a report on Thursday, January 7th. Finally, Morgan Stanley upped their target price on Hostess Brands from $13.00 to $14.00 and gave the company an “equal weight” rating in a report on Wednesday, October 14th. Five investment analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and an average price target of $16.00.
NASDAQ:TWNK opened at $14.25 on Tuesday. The business has a 50 day moving average of $14.11 and a 200 day moving average of $13.10. The company has a market capitalization of $1.86 billion, a price-to-earnings ratio of 36.54 and a beta of 0.76. Hostess Brands has a 1-year low of $9.32 and a 1-year high of $14.81. The company has a debt-to-equity ratio of 0.70, a current ratio of 1.66 and a quick ratio of 1.41.
Hostess Brands (NASDAQ:TWNK) last released its earnings results on Thursday, November 5th. The company reported $0.19 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.17 by $0.02. The company had revenue of $260.90 million during the quarter, compared to the consensus estimate of $253.10 million. Hostess Brands had a return on equity of 5.40% and a net margin of 5.20%. Hostess Brands’s quarterly revenue was up 14.8% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.13 EPS. As a group, sell-side analysts anticipate that Hostess Brands will post 0.74 EPS for the current year.
In other Hostess Brands news, insider Hostess Cdm Co-Invest, Llc sold 50,000 shares of the stock in a transaction dated Wednesday, November 11th. The stock was sold at an average price of $13.74, for a total value of $687,000.00. Following the transaction, the insider now owns 50,000 shares of the company’s stock, valued at $687,000. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. In the last three months, insiders sold 4,292,282 shares of company stock worth $57,809,677. 24.60% of the stock is owned by corporate insiders.
Several hedge funds and other institutional investors have recently bought and sold shares of the company. JPMorgan Chase & Co. grew its holdings in Hostess Brands by 159.7% during the 3rd quarter. JPMorgan Chase & Co. now owns 459,368 shares of the company’s stock valued at $5,660,000 after buying an additional 282,517 shares in the last quarter. Nisa Investment Advisors LLC grew its holdings in Hostess Brands by 58.5% during the 3rd quarter. Nisa Investment Advisors LLC now owns 9,350 shares of the company’s stock valued at $115,000 after buying an additional 3,450 shares in the last quarter. Handelsbanken Fonder AB purchased a new position in Hostess Brands during the 2nd quarter valued at approximately $371,000. Assenagon Asset Management S.A. purchased a new position in Hostess Brands during the 3rd quarter valued at approximately $7,765,000. Finally, Principal Financial Group Inc. grew its holdings in Hostess Brands by 614.4% during the 2nd quarter. Principal Financial Group Inc. now owns 102,899 shares of the company’s stock valued at $1,258,000 after buying an additional 88,496 shares in the last quarter.
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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