Hostess Brands (NASDAQ:TWNK – Get Rating) had its target price increased by investment analysts at Citigroup from $26.00 to $28.00 in a report released on Thursday, The Fly reports. Citigroup’s price target points to a potential upside of 24.06% from the company’s current price.
Several other research firms have also recently weighed in on TWNK. Truist Financial raised their price target on Hostess Brands from $20.00 to $25.00 and gave the company a “buy” rating in a report on Wednesday, March 2nd. Morgan Stanley raised their price target on Hostess Brands from $22.00 to $24.00 in a report on Tuesday, January 11th. Zacks Investment Research cut Hostess Brands from a “buy” rating to a “hold” rating in a report on Saturday, March 5th. Deutsche Bank Aktiengesellschaft increased their price objective on Hostess Brands from $21.00 to $23.00 and gave the company a “hold” rating in a research report on Wednesday, March 2nd. Finally, JPMorgan Chase & Co. increased their price objective on Hostess Brands from $23.00 to $25.00 and gave the company an “overweight” rating in a research report on Wednesday, March 2nd. Three investment analysts have rated the stock with a hold rating and seven have issued a buy rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of “Buy” and a consensus price target of $25.13.
Shares of NASDAQ TWNK opened at $22.57 on Thursday. Hostess Brands has a one year low of $15.10 and a one year high of $24.27. The company has a debt-to-equity ratio of 0.64, a current ratio of 2.38 and a quick ratio of 2.11. The business’s fifty day moving average price is $22.00 and its 200-day moving average price is $20.33. The stock has a market capitalization of $3.13 billion, a PE ratio of 26.87 and a beta of 0.61.
Several institutional investors and hedge funds have recently added to or reduced their stakes in TWNK. First Horizon Advisors Inc. purchased a new position in shares of Hostess Brands in the 3rd quarter valued at approximately $25,000. Captrust Financial Advisors raised its stake in Hostess Brands by 74.4% during the third quarter. Captrust Financial Advisors now owns 1,552 shares of the company’s stock valued at $27,000 after buying an additional 662 shares during the last quarter. Patriot Financial Group Insurance Agency LLC raised its stake in Hostess Brands by 51.8% during the third quarter. Patriot Financial Group Insurance Agency LLC now owns 1,947 shares of the company’s stock valued at $34,000 after buying an additional 664 shares during the last quarter. Ensign Peak Advisors Inc bought a new stake in shares of Hostess Brands in the 4th quarter worth $143,000. Finally, Advisor Group Holdings Inc. increased its holdings in shares of Hostess Brands by 22.9% in the 3rd quarter. Advisor Group Holdings Inc. now owns 11,437 shares of the company’s stock worth $198,000 after purchasing an additional 2,128 shares in the last quarter.
About Hostess Brands (Get Rating)
Hostess Brands, Inc, a packaged food company, develops, manufactures, markets, sells, and distributes snack products in the United States. The company provides a range of snack cakes, donuts, sweet rolls, breakfast pastries, cookies, snack pies, sweet baked goods, wafers, bread and buns, danishes, honey buns, coffee cakes, and sugar-free products.
- Get a free copy of the StockNews.com research report on Hostess Brands (TWNK)
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