Hostess Brands (NASDAQ:TWNK) Stock Rating Lowered by Jefferies Financial Group

Hostess Brands (NASDAQ:TWNK) was downgraded by analysts at Jefferies Financial Group from a “buy” rating to a “hold” rating in a research note issued on Thursday, MarketBeat reports. They currently have a $34.00 target price on the stock, up from their previous target price of $30.00. Jefferies Financial Group’s target price would suggest a potential upside of 1.89% from the stock’s current price.

Other equities research analysts have also recently issued research reports about the company. Truist Financial cut Hostess Brands from a “buy” rating to a “hold” rating and set a $34.25 target price on the stock. in a report on Monday, September 11th. Stephens cut Hostess Brands from an “overweight” rating to an “equal weight” rating in a report on Tuesday. StockNews.com cut shares of Hostess Brands from a “hold” rating to a “sell” rating in a research note on Tuesday. JPMorgan Chase & Co. lowered shares of Hostess Brands from an “overweight” rating to a “neutral” rating and set a $28.00 price objective for the company. in a research report on Thursday, August 31st. Finally, Consumer Edge lowered shares of Hostess Brands from an “overweight” rating to an “equal weight” rating in a research report on Tuesday. One research analyst has rated the stock with a sell rating, nine have issued a hold rating and one has assigned a buy rating to the stock. According to data from MarketBeat.com, the stock has an average rating of “Hold” and an average price target of $29.03.

Hostess Brands Stock Performance

NASDAQ:TWNK opened at $33.37 on Thursday. The company has a quick ratio of 1.47, a current ratio of 1.80 and a debt-to-equity ratio of 0.53. Hostess Brands has a fifty-two week low of $21.59 and a fifty-two week high of $33.74. The stock has a market cap of $4.43 billion, a PE ratio of 26.91, a price-to-earnings-growth ratio of 3.29 and a beta of 0.61. The firm’s fifty day simple moving average is $25.64 and its 200-day simple moving average is $25.44.

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

Hedge Funds Weigh In On Hostess Brands

Hedge funds have recently made changes to their positions in the stock. Everhart Financial Group Inc. boosted its holdings in shares of Hostess Brands by 11.5% in the 1st quarter. Everhart Financial Group Inc. now owns 11,203 shares of the company’s stock valued at $279,000 after purchasing an additional 1,159 shares during the last quarter. Contravisory Investment Management Inc. lifted its stake in shares of Hostess Brands by 4.9% in the 1st quarter. Contravisory Investment Management Inc. now owns 10,923 shares of the company’s stock valued at $272,000 after purchasing an additional 515 shares in the last quarter. Texas Permanent School Fund Corp lifted its stake in shares of Hostess Brands by 33.4% in the 1st quarter. Texas Permanent School Fund Corp now owns 120,070 shares of the company’s stock valued at $2,987,000 after purchasing an additional 30,059 shares in the last quarter. Sigma Planning Corp acquired a new position in shares of Hostess Brands in the 1st quarter valued at about $281,000. Finally, Natixis Advisors L.P. lifted its stake in shares of Hostess Brands by 51.1% in the 1st quarter. Natixis Advisors L.P. now owns 47,500 shares of the company’s stock valued at $1,182,000 after purchasing an additional 16,060 shares in the last quarter.

About Hostess Brands

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.