Shares of Hostess Brands (NASDAQ:TWNK) have received a consensus rating of “Buy” from the seven research firms that are covering the company, MarketBeat reports. 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 on the company. The average twelve-month price objective among brokerages that have updated their coverage on the stock in the last year is $18.00.
A number of research analysts have recently weighed in on the company. Zacks Investment Research raised Hostess Brands from a “sell” rating to a “hold” rating in a research note on Friday, May 26th. BidaskClub raised Hostess Brands from a “hold” rating to a “buy” rating in a research note on Friday, June 9th. Stephens assumed coverage on Hostess Brands in a research note on Tuesday, May 16th. They set an “overweight” rating and a $20.00 price objective on the stock. Deutsche Bank AG set a $19.00 price objective on Hostess Brands and gave the stock a “buy” rating in a research note on Wednesday, May 10th. Finally, UBS AG assumed coverage on Hostess Brands in a research note on Monday, July 31st. They set a “neutral” rating and a $16.00 price objective on the stock.
In other Hostess Brands news, insider Cdm Hostess Class C, Llc sold 376,211 shares of the stock in a transaction dated Thursday, June 8th. The stock was sold at an average price of $16.70, for a total transaction of $6,282,723.70. Following the completion of the transaction, the insider now owns 214,000 shares in the company, valued at approximately $3,573,800. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, insider William Douglas Toler bought 50,000 shares of the stock in a transaction on Wednesday, May 31st. The shares were purchased at an average price of $15.85 per share, with a total value of $792,500.00. Following the acquisition, the insider now owns 485,000 shares in the company, valued at approximately $7,687,250. The disclosure for this purchase can be found here. 25.50% of the stock is currently owned by corporate insiders.
A number of large investors have recently modified their holdings of the company. Columbus Circle Investors bought a new stake in shares of Hostess Brands during the first quarter valued at about $4,410,000. Nationwide Fund Advisors bought a new stake in shares of Hostess Brands during the first quarter valued at about $345,000. First Mercantile Trust Co. bought a new stake in shares of Hostess Brands during the first quarter valued at about $141,000. Russell Investments Group Ltd. increased its stake in shares of Hostess Brands by 410.0% in the first quarter. Russell Investments Group Ltd. now owns 647,693 shares of the company’s stock valued at $10,279,000 after buying an additional 520,683 shares during the period. Finally, Monarch Partners Asset Management LLC increased its stake in shares of Hostess Brands by 44.8% in the first quarter. Monarch Partners Asset Management LLC now owns 913,627 shares of the company’s stock valued at $14,499,000 after buying an additional 282,615 shares during the period. Hedge funds and other institutional investors own 89.74% of the company’s stock.
Hostess Brands (NASDAQ TWNK) opened at 13.90 on Friday. The stock’s 50 day moving average price is $15.57 and its 200-day moving average price is $15.73. The firm’s market capitalization is $1.39 billion. Hostess Brands has a 12 month low of $10.48 and a 12 month high of $17.18.
Hostess Brands (NASDAQ:TWNK) last posted its quarterly 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. On average, analysts forecast that Hostess Brands will post $0.60 earnings per share for the current year.
Hostess Brands Company Profile
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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