Deutsche Bank cut shares of Hostess Brands (NASDAQ:TWNK) from a buy rating to a hold rating in a report issued on Monday morning, MarketBeat Ratings reports. Deutsche Bank currently has $14.00 price objective on the stock.
TWNK has been the subject of several other reports. Zacks Investment Research upgraded Hostess Brands from a hold rating to a buy rating and set a $15.00 price target for the company in a research report on Wednesday, May 9th. Morgan Stanley set a $14.00 price objective on Hostess Brands and gave the company a hold rating in a research note on Thursday, March 1st. BidaskClub cut Hostess Brands from a hold rating to a sell rating in a research note on Friday, January 19th. TheStreet upgraded Hostess Brands from a c rating to a b- rating in a research note on Thursday, February 8th. Finally, UBS upgraded Hostess Brands from a sell rating to a neutral rating in a research note on Monday, April 23rd. One investment analyst has rated the stock with a sell rating, five have given a hold rating and two have assigned a buy rating to the company. The stock currently has a consensus rating of Hold and an average price target of $15.29.
Hostess Brands opened at $12.84 on Monday, according to MarketBeat Ratings. Hostess Brands has a 52 week low of $12.76 and a 52 week high of $12.92. The firm has a market cap of $1.67 billion, a PE ratio of 20.38 and a beta of 0.24. The company has a quick ratio of 1.64, a current ratio of 1.94 and a debt-to-equity ratio of 0.66.
Hostess Brands (NASDAQ:TWNK) last released its quarterly earnings results on Wednesday, May 9th. The company reported $0.14 EPS for the quarter, hitting the consensus estimate of $0.14. Hostess Brands had a return on equity of 4.37% and a net margin of 28.97%. The business had revenue of $208.74 million during the quarter, compared to analyst estimates of $200.77 million. During the same period last year, the business posted $0.15 earnings per share. The company’s quarterly revenue was up 13.1% on a year-over-year basis. equities research analysts predict that Hostess Brands will post 0.69 earnings per share for the current fiscal year.
In related news, Director Craig D. Steeneck acquired 13,000 shares of Hostess Brands stock in a transaction dated Monday, March 5th. The shares were acquired at an average cost of $14.09 per share, for a total transaction of $183,170.00. Following the completion of the purchase, the director now owns 308,257 shares in the company, valued at $4,343,341.13. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 25.50% of the stock is currently owned by company insiders.
Hedge funds and other institutional investors have recently made changes to their positions in the company. Bank of New York Mellon Corp raised its stake in shares of Hostess Brands by 11.7% in the fourth quarter. Bank of New York Mellon Corp now owns 526,858 shares of the company’s stock valued at $7,803,000 after acquiring an additional 55,331 shares in the last quarter. Centaurus Financial Inc. acquired a new stake in Hostess Brands in the fourth quarter valued at $181,000. Goldman Sachs Group Inc. raised its stake in Hostess Brands by 652.4% in the fourth quarter. Goldman Sachs Group Inc. now owns 2,366,048 shares of the company’s stock valued at $35,041,000 after buying an additional 2,051,595 shares in the last quarter. Paloma Partners Management Co acquired a new stake in Hostess Brands in the fourth quarter valued at $1,163,000. Finally, Wells Fargo & Company MN raised its stake in Hostess Brands by 115.2% in the fourth quarter. Wells Fargo & Company MN now owns 1,214,042 shares of the company’s stock valued at $17,980,000 after buying an additional 649,882 shares in the last quarter. Institutional investors and hedge funds own 85.73% of the company’s stock.
About Hostess Brands
Hostess Brands, Inc, a packaged food company, develops, manufactures, markets, sells, and distributes fresh sweet baked goods in the United States. It primarily offer coffee cakes, cinnamon rolls, honey buns, brownies, bread and buns, jumbo muffins, and eclairs under the Twinkies, CupCakes, Ding Dongs, Zingers, HoHos, Donettes, Dolly Madison, and Superior on Main brands.
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