Hostess Brands, Inc. (NASDAQ:TWNK – Get 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.
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.
- Get a free copy of the StockNews.com research report on Hostess Brands (TWNK)
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