Hostess Brands (TWNK) Earns Equal Weight Rating from Analysts at Morgan Stanley
Research analysts at Morgan Stanley started coverage on shares of Hostess Brands (NASDAQ:TWNK) in a report issued on Monday, Marketbeat reports. The firm set an “equal weight” rating and a $14.00 price target on the stock. Morgan Stanley’s price target would indicate a potential upside of 2.56% from the stock’s previous close.
A number of other research firms have also recently issued reports on TWNK. BidaskClub upgraded Hostess Brands from a “hold” rating to a “buy” rating in a report on Friday, June 9th. Zacks Investment Research upgraded Hostess Brands from a “sell” rating to a “buy” rating and set a $17.00 price target on the stock in a report on Thursday, July 13th. UBS AG assumed coverage on Hostess Brands in a report on Monday, July 31st. They set a “neutral” rating and a $16.00 price target on the stock. 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 on the stock. Three investment analysts have rated the stock with a hold rating, five have issued a buy rating and one has given a strong buy rating to the stock. The company has an average rating of “Buy” and an average price target of $17.13.
Shares of Hostess Brands (NASDAQ:TWNK) traded down 0.29% on Monday, reaching $13.61. 653,051 shares of the company’s stock were exchanged. The company’s 50 day moving average price is $13.71 and its 200-day moving average price is $15.46. The stock’s market cap is $1.36 billion. Hostess Brands has a 52-week low of $10.67 and a 52-week high of $17.18.
Hostess Brands (NASDAQ:TWNK) last posted its quarterly earnings results on Tuesday, August 8th. The company reported $0.18 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates 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. Equities analysts forecast that Hostess Brands will post $0.59 EPS for the current fiscal year.
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In other news, CEO William Douglas Toler bought 75,000 shares of the business’s stock in a transaction that occurred on Friday, August 11th. The shares were bought at an average cost of $13.86 per share, for a total transaction of $1,039,500.00. Following the acquisition, the chief executive officer now directly owns 560,000 shares in the company, valued at $7,761,600. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Michael John Cramer bought 5,000 shares of the business’s stock in a transaction that occurred on Friday, August 11th. The stock was purchased at an average price of $13.98 per share, for a total transaction of $69,900.00. The disclosure for this purchase can be found here. 25.50% of the stock is owned by company insiders.
Institutional investors and hedge funds have recently modified their holdings of the stock. Ameritas Investment Partners Inc. bought a new position in shares of Hostess Brands in the 2nd quarter worth $113,000. BNP Paribas Arbitrage SA lifted its holdings in shares of Hostess Brands by 896.1% in the 2nd quarter. BNP Paribas Arbitrage SA now owns 9,881 shares of the company’s stock worth $159,000 after purchasing an additional 8,889 shares in the last quarter. First Trust Bank Ltd. bought a new position in shares of Hostess Brands in the 1st quarter worth $159,000. Sei Investments Co. bought a new position in shares of Hostess Brands in the 1st quarter worth $166,000. Finally, Amalgamated Bank bought a new position in shares of Hostess Brands in the 2nd quarter worth $170,000. Institutional investors own 77.51% of the company’s stock.
About Hostess Brands
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.
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