Hostess Brands (NASDAQ:TWNK) Price Target Raised to $28.00

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.

Hostess Brands (NASDAQ:TWNK – Get Rating) last issued its quarterly earnings data on Wednesday, May 4th. The company reported $0.27 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.23 by $0.04. The business had revenue of $332.10 million for the quarter, compared to analysts’ expectations of $298.99 million. Hostess Brands had a return on equity of 7.24% and a net margin of 10.45%. The firm’s quarterly revenue was up 25.1% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.20 EPS. As a group, equities analysts expect that Hostess Brands will post 0.97 EPS for the current fiscal year.

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.

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