Zacks Investment Research upgraded shares of HOSTESS BRANDS (NASDAQ:TWNK) from a sell rating to a hold rating in a research report report published on Tuesday.
According to Zacks, “Hostess Brands, Inc. is involved in developing, manufacturing, marketing, selling and distributing sweet goods primarily in the United States. The company produces new and classic treats which includes Ding Dongs, Ho Hos, Donettes, Fruit Pies as well as Twinkies and CupCakes. Hostess Brands, Inc. is based in Kansas City, Missouri. “
Several other brokerages also recently commented on TWNK. BidaskClub raised HOSTESS BRANDS from a hold rating to a buy rating in a research note on Friday, June 9th. Stephens assumed coverage on HOSTESS BRANDS in a research note on Tuesday, May 16th. They set an overweight rating and a $20.00 target price for the company. Finally, UBS AG assumed coverage on HOSTESS BRANDS in a research note on Monday, July 31st. They set a neutral rating and a $16.00 target price for the company. Two research analysts have rated the stock with a hold rating, four have given a buy rating and one has given a strong buy rating to the company. The stock presently has an average rating of Buy and a consensus price target of $17.83.
Shares of HOSTESS BRANDS (TWNK) opened at 13.38 on Tuesday. The company’s 50 day moving average is $14.10 and its 200-day moving average is $15.54. HOSTESS BRANDS has a 12 month low of $10.65 and a 12 month high of $17.18. The firm’s market cap is $1.34 billion.
HOSTESS BRANDS (NASDAQ:TWNK) last posted its quarterly earnings data on Tuesday, August 8th. The company reported $0.18 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.19 by ($0.01). The company had revenue of $203.18 million for the quarter, compared to analyst estimates of $205.41 million. Equities research analysts predict that HOSTESS BRANDS will post $0.59 EPS for the current year.
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In other HOSTESS BRANDS news, insider Michael John Cramer bought 5,000 shares of the stock in a transaction on Friday, August 11th. The stock was purchased at an average price of $13.98 per share, with a total value of $69,900.00. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, CEO William Douglas Toler bought 75,000 shares of the stock in a transaction on Friday, August 11th. The shares were acquired at an average cost of $13.86 per share, with a total value of $1,039,500.00. Following the purchase, the chief executive officer now owns 560,000 shares of the company’s stock, valued at approximately $7,761,600. The disclosure for this purchase can be found here. 25.50% of the stock is currently owned by insiders.
A number of hedge funds and other institutional investors have recently modified their holdings of the business. Westwood Holdings Group Inc. acquired a new position in HOSTESS BRANDS during the second quarter worth about $27,074,000. Ameritas Investment Partners Inc. acquired a new position in HOSTESS BRANDS during the second quarter worth about $113,000. Castleark Management LLC acquired a new position in HOSTESS BRANDS during the second quarter worth about $10,618,000. California State Teachers Retirement System acquired a new position in HOSTESS BRANDS during the second quarter worth about $2,283,000. Finally, The Manufacturers Life Insurance Company acquired a new position in HOSTESS BRANDS during the second quarter worth about $955,000.
HOSTESS BRANDS Company Profile
Hostess Brands, Inc, a packaged food company, focuses on developing, manufacturing, marketing, selling, and distributing fresh sweet baked goods in the United States. The company operates in two segments, Sweet Baked Goods and Other. Its principal product lines include Twinkies, Zingers, Donettes, coffee cakes, cupcakes, cinnamon rolls, Ding Dongs, honey buns, fruit pies, Sno Balls, mini muffins, Chocodiles, Ho Hos, brownies, Suzy Qs, bread and buns, danishes, jumbo muffins, iced cookies, eclairs, and madeleines.
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