Hostess Brands, Inc. (NASDAQ:TWNK) Given Average Rating of “Buy” by Brokerages

Hostess Brands, Inc. (NASDAQ:TWNKGet Rating) has received a consensus recommendation of “Buy” from the ten brokerages that are currently covering the firm, Marketbeat.com reports. Three research analysts have rated the stock with a hold recommendation and five have assigned a buy recommendation to the company. The average 12 month price target among brokerages that have issued ratings on the stock in the last year is $25.43.

Several brokerages have weighed in on TWNK. StockNews.com began coverage on Hostess Brands in a report on Thursday, March 31st. They issued a “hold” rating for the company. Citigroup upped their target price on Hostess Brands from $26.00 to $28.00 in a report on Thursday, May 5th. JPMorgan Chase & Co. upped their target price on Hostess Brands from $23.00 to $25.00 and gave the stock an “overweight” rating in a report on Wednesday, March 2nd. Deutsche Bank Aktiengesellschaft upped their target price on Hostess Brands from $21.00 to $23.00 and gave the stock a “hold” rating in a report on Wednesday, March 2nd. Finally, Zacks Investment Research cut Hostess Brands from a “buy” rating to a “hold” rating in a report on Saturday, March 5th.

TWNK opened at $20.98 on Friday. The business has a fifty day moving average of $22.12 and a 200 day moving average of $20.59. Hostess Brands has a 52-week low of $15.10 and a 52-week high of $24.27. The company has a quick ratio of 2.04, a current ratio of 2.32 and a debt-to-equity ratio of 0.62. The stock has a market cap of $2.91 billion, a P/E ratio of 23.31 and a beta of 0.61.

Hostess Brands (NASDAQ:TWNKGet Rating) last posted its quarterly earnings data on Wednesday, May 4th. The company reported $0.27 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.23 by $0.04. Hostess Brands had a return on equity of 7.78% and a net margin of 10.52%. The company had revenue of $332.10 million during the quarter, compared to analysts’ expectations of $298.99 million. During the same quarter in the previous year, the business earned $0.20 EPS. Hostess Brands’s revenue was up 25.1% compared to the same quarter last year. Equities analysts anticipate that Hostess Brands will post 0.98 EPS for the current fiscal year.

In other Hostess Brands news, insider Michael John Cramer sold 25,000 shares of the firm’s stock in a transaction that occurred on Wednesday, May 11th. The shares were sold at an average price of $22.15, for a total value of $553,750.00. Following the completion of the sale, the insider now directly owns 43,408 shares in the company, valued at $961,487.20. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. 0.73% of the stock is owned by company insiders.

A number of institutional investors and hedge funds have recently made changes to their positions in the business. Morgan Stanley raised its holdings in shares of Hostess Brands by 84.1% in the second quarter. Morgan Stanley now owns 306,088 shares of the company’s stock worth $4,956,000 after buying an additional 139,870 shares during the last quarter. Advisor Group Holdings Inc. raised its holdings in shares of Hostess Brands by 22.9% in the third quarter. Advisor Group Holdings Inc. now owns 11,437 shares of the company’s stock worth $198,000 after buying an additional 2,128 shares during the last quarter. State Board of Administration of Florida Retirement System raised its holdings in shares of Hostess Brands by 11.1% in the third quarter. State Board of Administration of Florida Retirement System now owns 17,035 shares of the company’s stock worth $296,000 after buying an additional 1,697 shares during the last quarter. Principal Financial Group Inc. raised its holdings in shares of Hostess Brands by 1.1% in the third quarter. Principal Financial Group Inc. now owns 289,176 shares of the company’s stock worth $5,023,000 after buying an additional 3,187 shares during the last quarter. Finally, Barclays PLC raised its holdings in shares of Hostess Brands by 5.3% in the third quarter. Barclays PLC now owns 100,820 shares of the company’s stock worth $1,751,000 after buying an additional 5,070 shares during 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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Analyst Recommendations for Hostess Brands (NASDAQ:TWNK)

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