Hostess Brands (TWNK) Downgraded by UBS AG to “Sell”

Hostess Brands (NASDAQ:TWNK) was downgraded by research analysts at UBS AG from a “neutral” rating to a “sell” rating in a research note issued on Friday, www.benzinga.com reports. They currently have a $11.00 target price on the stock, down from their previous target price of $16.00. UBS AG’s price objective would indicate a potential downside of 18.09% from the company’s current price.

A number of other analysts also recently weighed in on TWNK. Zacks Investment Research downgraded Hostess Brands from a “buy” rating to a “hold” rating in a report on Tuesday, August 8th. J P Morgan Chase & Co assumed coverage on Hostess Brands in a report on Wednesday. They set a “neutral” rating and a $15.00 price target for the company. Morgan Stanley assumed coverage on Hostess Brands in a report on Monday, September 25th. They set an “equal weight” rating and a $14.00 price target for the company. Finally, Royal Bank Of Canada assumed coverage on Hostess Brands in a report on Monday, September 18th. They set an “outperform” rating and a $16.00 price target for the company. One investment analyst has rated the stock with a sell rating, three have issued a hold rating, five have given a buy rating and one has issued a strong buy rating to the stock. The stock has a consensus rating of “Buy” and a consensus target price of $16.89.

Hostess Brands (NASDAQ:TWNK) traded down 12.06% on Friday, reaching $11.81. The company’s stock had a trading volume of 3,519,464 shares. Hostess Brands has a 52-week low of $11.00 and a 52-week high of $17.18. The stock’s market cap is $1.18 billion. The firm’s 50-day moving average price is $13.58 and its 200-day moving average price is $15.22.

Hostess Brands (NASDAQ:TWNK) last issued its quarterly earnings results on Tuesday, August 8th. The company reported $0.18 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.19 by ($0.01). The business had revenue of $203.18 million during the quarter, compared to analysts’ expectations of $205.41 million. On average, equities analysts expect that Hostess Brands will post $0.59 earnings per share for the current year.

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In other news, insider Michael John Cramer bought 5,000 shares of Hostess Brands stock in a transaction dated Friday, August 11th. The stock was bought at an average cost of $13.98 per share, for a total transaction of $69,900.00. The purchase was disclosed in a document filed with the SEC, which is available through the SEC website. Also, CEO William Douglas Toler bought 75,000 shares of Hostess Brands stock in a transaction dated Friday, August 11th. The stock was purchased at an average price of $13.86 per share, with a total value of $1,039,500.00. Following the completion of the purchase, the chief executive officer now owns 560,000 shares in the company, valued at $7,761,600. The disclosure for this purchase can be found here. Company insiders own 25.50% of the company’s stock.

Several institutional investors and hedge funds have recently modified their holdings of TWNK. Nationwide Fund Advisors acquired a new stake in shares of Hostess Brands in the 1st quarter valued at about $345,000. Bank of New York Mellon Corp grew its stake in shares of Hostess Brands by 15.2% in the 1st quarter. Bank of New York Mellon Corp now owns 93,962 shares of the company’s stock valued at $1,492,000 after buying an additional 12,401 shares during the period. Sei Investments Co. acquired a new stake in shares of Hostess Brands in the 1st quarter valued at about $166,000. Ameriprise Financial Inc. grew its stake in shares of Hostess Brands by 194.2% in the 1st quarter. Ameriprise Financial Inc. now owns 343,026 shares of the company’s stock valued at $5,444,000 after buying an additional 226,424 shares during the period. Finally, Parametric Portfolio Associates LLC acquired a new stake in shares of Hostess Brands in the 1st quarter valued at about $5,720,000. Institutional investors own 77.51% of the company’s stock.

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.

Analyst Recommendations for Hostess Brands (NASDAQ:TWNK)

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