Hostess Brands (NASDAQ:TWNK) Lowered to “Hold” at Zacks Investment Research
Hostess Brands (NASDAQ:TWNK) was downgraded by Zacks Investment Research from a “buy” rating to a “hold” rating in a research note issued to investors 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 equities research analysts have also recently issued reports on TWNK. UBS AG began coverage on shares of Hostess Brands in a research report on Monday, July 31st. They set a “neutral” rating and a $16.00 price objective for the company. BidaskClub upgraded shares of Hostess Brands from a “hold” rating to a “buy” rating in a research report on Friday, June 9th. Stephens began coverage on shares of Hostess Brands in a research report on Tuesday, May 16th. They set an “overweight” rating and a $20.00 price objective for the company. Finally, Deutsche Bank AG set a $19.00 price objective on shares of Hostess Brands and gave the stock a “buy” rating in a research report on Wednesday, May 10th. Two equities research analysts have rated the stock with a hold rating, four have assigned a buy rating and one has issued a strong buy rating to the company. The company presently has an average rating of “Buy” and an average target price of $17.83.
Hostess Brands (TWNK) traded down 1.469% during trading on Tuesday, hitting $15.095. 574,176 shares of the company were exchanged. The stock’s 50-day moving average is $15.94 and its 200-day moving average is $15.75. The company’s market capitalization is $1.50 billion. Hostess Brands has a 12 month low of $10.35 and a 12 month high of $17.18.
Hostess Brands (NASDAQ:TWNK) last released its quarterly earnings data on Tuesday, May 9th. The company reported $0.15 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.16 by $0.01. The company had revenue of $184.54 million for the quarter, compared to analysts’ expectations of $181.79 million. During the same period in the prior year, the firm posted $0.08 EPS. The company’s revenue was up 15.2% compared to the same quarter last year. Equities research analysts anticipate that Hostess Brands will post $0.64 earnings per share for the current year.
In other Hostess Brands news, insider Cdm Hostess Class C, Llc sold 376,211 shares of Hostess Brands stock in a transaction dated Thursday, June 8th. The shares were sold at an average price of $16.70, for a total transaction of $6,282,723.70. Following the completion of the sale, the insider now directly owns 214,000 shares in the company, valued at $3,573,800. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, insider William Douglas Toler purchased 50,000 shares of the company’s stock in a transaction on Wednesday, May 31st. The shares were bought at an average price of $15.85 per share, with a total value of $792,500.00. Following the completion of the transaction, the insider now owns 485,000 shares of the company’s stock, valued at $7,687,250. The disclosure for this purchase can be found here. 25.50% of the stock is owned by company insiders.
Several large investors have recently made changes to their positions in the stock. Columbus Circle Investors bought a new stake in shares of Hostess Brands during the first quarter worth $4,410,000. Nationwide Fund Advisors bought a new stake in shares of Hostess Brands during the first quarter worth $345,000. First Mercantile Trust Co. bought a new stake in shares of Hostess Brands during the first quarter worth $141,000. Russell Investments Group Ltd. boosted its stake in shares of Hostess Brands by 410.0% in the first quarter. Russell Investments Group Ltd. now owns 647,693 shares of the company’s stock worth $10,279,000 after buying an additional 520,683 shares in the last quarter. Finally, Monarch Partners Asset Management LLC boosted its stake in shares of Hostess Brands by 44.8% in the first quarter. Monarch Partners Asset Management LLC now owns 913,627 shares of the company’s stock worth $14,499,000 after buying an additional 282,615 shares in the last quarter. Institutional investors and hedge funds own 89.74% of the company’s stock.
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