Hostess Brands (NASDAQ:TWNK) Rating Increased to Sell at BidaskClub

Hostess Brands (NASDAQ:TWNK) was upgraded by stock analysts at BidaskClub from a “strong sell” rating to a “sell” rating in a report issued on Saturday, BidAskClub reports.

Several other equities analysts also recently commented on the company. SunTrust Banks lowered their price objective on Hostess Brands from $17.00 to $16.00 and set a “hold” rating on the stock in a research report on Friday, September 20th. Zacks Investment Research downgraded Hostess Brands from a “buy” rating to a “hold” rating in a research report on Wednesday, September 18th. TheStreet downgraded Hostess Brands from a “b” rating to a “f” rating in a research report on Thursday, July 18th. Finally, Morgan Stanley boosted their price objective on Hostess Brands from $13.00 to $14.00 and gave the company an “equal weight” rating in a research report on Wednesday, July 17th. One investment analyst has rated the stock with a sell rating, four have given a hold rating and five have given a buy rating to the company’s stock. The company currently has an average rating of “Hold” and a consensus price target of $15.11.

Shares of Hostess Brands stock traded up $0.12 during trading hours on Friday, hitting $13.52. The company’s stock had a trading volume of 72,970 shares, compared to its average volume of 1,143,874. The business has a 50 day moving average price of $13.35 and a two-hundred day moving average price of $13.77. Hostess Brands has a 12-month low of $10.29 and a 12-month high of $14.86. The company has a market cap of $1.65 billion, a PE ratio of 25.04 and a beta of 0.52. The company has a debt-to-equity ratio of 0.62, a quick ratio of 1.96 and a current ratio of 2.22.

Hostess Brands (NASDAQ:TWNK) last announced its quarterly earnings data on Wednesday, November 6th. The company reported $0.13 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.12 by $0.01. Hostess Brands had a return on equity of 3.82% and a net margin of 5.89%. The business had revenue of $227.21 million for the quarter, compared to the consensus estimate of $212.80 million. During the same period in the previous year, the business earned $0.10 earnings per share. The business’s revenue was up 7.7% on a year-over-year basis. As a group, research analysts anticipate that Hostess Brands will post 0.6 earnings per share for the current year.

In related news, Director C. Dean Metropoulos sold 455,400 shares of the business’s stock in a transaction dated Thursday, August 15th. The stock was sold at an average price of $14.00, for a total value of $6,375,600.00. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, insider Cdm Hostess Class C, Llc sold 962,472 shares of the business’s stock in a transaction dated Thursday, August 15th. The stock was sold at an average price of $14.00, for a total value of $13,474,608.00. The disclosure for this sale can be found here. 24.60% of the stock is currently owned by insiders.

Several large investors have recently bought and sold shares of the stock. Vanguard Group Inc. lifted its position in shares of Hostess Brands by 13.0% in the second quarter. Vanguard Group Inc. now owns 9,990,503 shares of the company’s stock worth $144,262,000 after buying an additional 1,150,960 shares in the last quarter. River Road Asset Management LLC lifted its position in shares of Hostess Brands by 29.0% in the third quarter. River Road Asset Management LLC now owns 9,431,101 shares of the company’s stock worth $131,894,000 after buying an additional 2,119,335 shares in the last quarter. Victory Capital Management Inc. lifted its position in shares of Hostess Brands by 66.1% in the second quarter. Victory Capital Management Inc. now owns 4,471,474 shares of the company’s stock worth $64,568,000 after buying an additional 1,780,147 shares in the last quarter. Wells Fargo & Company MN lifted its position in shares of Hostess Brands by 18.9% in the second quarter. Wells Fargo & Company MN now owns 3,822,992 shares of the company’s stock worth $55,205,000 after buying an additional 606,346 shares in the last quarter. Finally, Massachusetts Financial Services Co. MA lifted its position in shares of Hostess Brands by 9.0% in the third quarter. Massachusetts Financial Services Co. MA now owns 3,291,785 shares of the company’s stock worth $46,035,000 after buying an additional 272,563 shares in the last quarter. Institutional investors own 94.86% of the company’s stock.

Hostess Brands Company Profile

Hostess Brands, Inc, a packaged food company, develops, manufactures, markets, sells, and distributes fresh sweet baked goods in the United States. It primarily offer a range of snack cakes, donuts, sweet rolls, breakfast pastries, snack pies, and related products. The company operates in two segments, Sweet Baked Goods and In-Store Bakery.

Featured Article: Fundamental Analysis

Analyst Recommendations for Hostess Brands (NASDAQ:TWNK)

Receive News & Ratings for Hostess Brands Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Hostess Brands and related companies with MarketBeat.com's FREE daily email newsletter.