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

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

A number of other analysts have also weighed in on TWNK. Zacks Investment Research lowered Hostess Brands from a “buy” rating to a “hold” rating in a report on Wednesday, September 18th. Morgan Stanley upped their target price on Hostess Brands from $13.00 to $14.00 and gave the stock an “equal weight” rating in a report on Wednesday, July 17th. SunTrust Banks lowered their target price on Hostess Brands from $17.00 to $16.00 and set a “hold” rating for the company in a report on Friday, September 20th. Finally, TheStreet lowered Hostess Brands from a “b” rating to a “f” rating in a report on Thursday, July 18th. One research analyst has rated the stock with a sell rating, four have assigned a hold rating and five have assigned a buy rating to the company. The company presently has a consensus rating of “Hold” and a consensus target price of $15.11.

Hostess Brands stock traded up $0.12 during mid-day trading on Friday, reaching $13.52. 72,970 shares of the company were exchanged, compared to its average volume of 1,143,874. The business has a fifty day moving average of $13.35 and a 200 day moving average of $13.77. The company has a debt-to-equity ratio of 0.62, a quick ratio of 1.96 and a current ratio of 2.22. The firm has a market cap of $1.65 billion, a P/E ratio of 25.04 and a beta of 0.52. Hostess Brands has a 12-month low of $10.29 and a 12-month high of $14.86.

Hostess Brands (NASDAQ:TWNK) last posted its earnings results on Wednesday, November 6th. The company reported $0.13 earnings per share for the quarter, topping analysts’ consensus estimates of $0.12 by $0.01. The company had revenue of $227.21 million during the quarter, compared to analyst estimates of $212.80 million. Hostess Brands had a return on equity of 3.82% and a net margin of 5.89%. Hostess Brands’s revenue was up 7.7% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.10 earnings per share. Sell-side analysts predict that Hostess Brands will post 0.6 EPS for the current year.

In other news, insider Cdm Hostess Class C, Llc sold 962,472 shares of the stock in a transaction on Thursday, August 15th. The stock was sold at an average price of $14.00, for a total transaction of $13,474,608.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Director C. Dean Metropoulos sold 455,400 shares of the stock in a transaction on Thursday, August 15th. The shares were sold at an average price of $14.00, for a total value of $6,375,600.00. The disclosure for this sale can be found here. 24.60% of the stock is owned by corporate insiders.

Several institutional investors and hedge funds have recently modified their holdings of TWNK. River Road Asset Management LLC lifted its holdings in shares of Hostess Brands by 29.0% during the 3rd quarter. River Road Asset Management LLC now owns 9,431,101 shares of the company’s stock valued at $131,894,000 after purchasing an additional 2,119,335 shares during the last quarter. Balyasny Asset Management LLC lifted its holdings in shares of Hostess Brands by 15,688.3% during the 2nd quarter. Balyasny Asset Management LLC now owns 1,819,923 shares of the company’s stock valued at $26,280,000 after purchasing an additional 1,808,396 shares during the last quarter. Victory Capital Management Inc. lifted its holdings in shares of Hostess Brands by 66.1% during the 2nd quarter. Victory Capital Management Inc. now owns 4,471,474 shares of the company’s stock valued at $64,568,000 after purchasing an additional 1,780,147 shares during the last quarter. Marshall Wace North America L.P. lifted its holdings in shares of Hostess Brands by 465.9% during the 2nd quarter. Marshall Wace North America L.P. now owns 1,507,725 shares of the company’s stock valued at $21,773,000 after purchasing an additional 1,241,305 shares during the last quarter. Finally, Vanguard Group Inc. lifted its holdings in shares of Hostess Brands by 13.0% during the 2nd quarter. Vanguard Group Inc. now owns 9,990,503 shares of the company’s stock valued at $144,262,000 after purchasing an additional 1,150,960 shares during the last quarter. Hedge funds and other institutional investors own 94.86% 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 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.

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Analyst Recommendations for Hostess Brands (NASDAQ:TWNK)

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