Hostess Brands, Inc. (NASDAQ:TWNK) Receives Average Recommendation of “Hold” from Analysts

Shares of Hostess Brands, Inc. (NASDAQ:TWNK) have earned an average rating of “Hold” from the six research firms that are currently covering the company, Marketbeat.com reports. Five research analysts have rated the stock with a hold recommendation and one has given a buy recommendation to the company. The average 1 year target price among brokerages that have updated their coverage on the stock in the last year is $26.83.

TWNK has been the subject of a number of analyst reports. Morgan Stanley decreased their price objective on shares of Hostess Brands from $27.00 to $25.00 and set an “equal weight” rating for the company in a research report on Wednesday, August 9th. Deutsche Bank Aktiengesellschaft decreased their price objective on shares of Hostess Brands from $25.00 to $24.00 and set a “hold” rating for the company in a research report on Wednesday, August 9th. StockNews.com assumed coverage on shares of Hostess Brands in a research note on Thursday, August 17th. They set a “hold” rating for the company. Truist Financial cut shares of Hostess Brands from a “buy” rating to a “hold” rating in a research note on Monday. Finally, JPMorgan Chase & Co. cut shares of Hostess Brands from an “overweight” rating to a “neutral” rating and set a $28.00 target price for the company. in a research note on Thursday, August 31st.

Hostess Brands Stock Up 19.1 %

Hostess Brands stock opened at $33.49 on Tuesday. The company has a market cap of $4.45 billion, a P/E ratio of 27.01, a price-to-earnings-growth ratio of 2.74 and a beta of 0.61. Hostess Brands has a 1-year low of $21.59 and a 1-year high of $33.58. The company has a fifty day simple moving average of $24.97 and a 200 day simple moving average of $25.20. The company has a current ratio of 1.80, a quick ratio of 1.47 and a debt-to-equity ratio of 0.53.

Hostess Brands (NASDAQ:TWNK) last released its earnings results on Tuesday, August 8th. The company reported $0.28 earnings per share for the quarter, beating analysts’ consensus estimates of $0.27 by $0.01. Hostess Brands had a net margin of 12.28% and a return on equity of 7.82%. The business had revenue of $352.36 million during the quarter, compared to the consensus estimate of $359.24 million. During the same quarter last year, the firm earned $0.22 earnings per share. The firm’s revenue for the quarter was up 3.5% compared to the same quarter last year. Research analysts anticipate that Hostess Brands will post 1.12 earnings per share for the current fiscal year.

Institutional Trading of Hostess Brands

Several hedge funds and other institutional investors have recently bought and sold shares of TWNK. Advisor Group Holdings Inc. raised its stake in Hostess Brands by 6.8% in the 1st quarter. Advisor Group Holdings Inc. now owns 12,838 shares of the company’s stock worth $282,000 after purchasing an additional 815 shares in the last quarter. Raymond James Financial Services Advisors Inc. acquired a new position in shares of Hostess Brands in the 1st quarter valued at approximately $957,000. Bank of New York Mellon Corp raised its position in shares of Hostess Brands by 112.1% in the 1st quarter. Bank of New York Mellon Corp now owns 1,463,670 shares of the company’s stock valued at $32,113,000 after buying an additional 773,528 shares in the last quarter. Citigroup Inc. raised its position in shares of Hostess Brands by 204.5% in the 1st quarter. Citigroup Inc. now owns 128,328 shares of the company’s stock valued at $2,815,000 after buying an additional 86,182 shares in the last quarter. Finally, PNC Financial Services Group Inc. raised its position in shares of Hostess Brands by 701.6% in the 1st quarter. PNC Financial Services Group Inc. now owns 8,248 shares of the company’s stock valued at $182,000 after buying an additional 7,219 shares in the last quarter.

Hostess Brands Company Profile

Hostess Brands, Inc develops, manufactures, markets, sells, and distributes snack products in the United States and Canada. 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.