Hostess Brands (NASDAQ:TWNK) has been given an average recommendation of “Buy” by the ten analysts that are presently covering the firm, Marketbeat.com reports. Four research analysts have rated the stock with a hold recommendation, five have issued a buy recommendation and one has assigned a strong buy recommendation to the company. The average 1-year price target among brokers that have issued ratings on the stock in the last year is $16.88.

TWNK has been the topic of a number of research analyst reports. Royal Bank Of Canada initiated coverage on Hostess Brands in a report on Monday, September 18th. They set an “outperform” rating and a $16.00 target price on the stock. UBS AG initiated coverage on Hostess Brands in a report on Monday, July 31st. They set a “neutral” rating and a $16.00 target price on the stock. Zacks Investment Research raised Hostess Brands from a “sell” rating to a “buy” rating and set a $17.00 target price on the stock in a report on Thursday, July 13th. Morgan Stanley initiated coverage on Hostess Brands in a report on Monday, September 25th. They set an “equal weight” rating and a $14.00 target price on the stock. Finally, J P Morgan Chase & Co initiated coverage on Hostess Brands in a report on Wednesday. They set a “neutral” rating and a $15.00 target price on the stock.

In related news, insider Michael John Cramer purchased 5,000 shares of the company’s stock in a transaction dated Friday, August 11th. The shares were acquired at an average cost of $13.98 per share, for a total transaction of $69,900.00. The acquisition was disclosed in a filing with the SEC, which is available at the SEC website. Also, CEO William Douglas Toler purchased 75,000 shares of the company’s stock in a transaction dated Friday, August 11th. The shares were bought at an average price of $13.86 per share, for a total transaction of $1,039,500.00. Following the completion of the transaction, the chief executive officer now directly owns 560,000 shares in the company, valued at approximately $7,761,600. The disclosure for this purchase can be found here. 25.50% of the stock is currently owned by corporate insiders.

Several institutional investors have recently made changes to their positions in the company. Oppenheimer & Co. Inc. raised its position in shares of Hostess Brands by 0.8% during the 2nd quarter. Oppenheimer & Co. Inc. now owns 255,637 shares of the company’s stock worth $4,115,000 after purchasing an additional 2,000 shares during the period. California Public Employees Retirement System raised its position in shares of Hostess Brands by 8.0% during the 2nd quarter. California Public Employees Retirement System now owns 36,600 shares of the company’s stock worth $589,000 after purchasing an additional 2,700 shares during the period. Scholtz & Company LLC raised its position in shares of Hostess Brands by 2.5% during the 2nd quarter. Scholtz & Company LLC now owns 120,265 shares of the company’s stock worth $1,936,000 after purchasing an additional 2,960 shares during the period. Carnegie Capital Asset Management LLC raised its position in shares of Hostess Brands by 4.4% during the 2nd quarter. Carnegie Capital Asset Management LLC now owns 104,860 shares of the company’s stock worth $1,577,000 after purchasing an additional 4,435 shares during the period. Finally, First Personal Financial Services raised its position in shares of Hostess Brands by 76.7% during the 2nd quarter. First Personal Financial Services now owns 11,760 shares of the company’s stock worth $189,000 after purchasing an additional 5,103 shares during the period. Institutional investors and hedge funds own 77.51% of the company’s stock.

ILLEGAL ACTIVITY NOTICE: This piece of content was originally published by American Banking News and is owned by of American Banking News. If you are accessing this piece of content on another website, it was illegally copied and republished in violation of US & international copyright & trademark laws. The original version of this piece of content can be viewed at https://www.americanbankingnews.com/2017/10/12/hostess-brands-twnk-receives-consensus-recommendation-of-buy-from-analysts.html.

Shares of Hostess Brands (NASDAQ TWNK) traded down 0.482% during midday trading on Thursday, hitting $13.415. The stock had a trading volume of 2,108,869 shares. Hostess Brands has a one year low of $10.82 and a one year high of $17.18. The stock has a 50 day moving average of $13.58 and a 200-day moving average of $15.23. The company’s market cap is $1.34 billion.

Hostess Brands (NASDAQ:TWNK) last released its earnings results on Tuesday, August 8th. The company reported $0.18 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 the consensus estimate of $205.41 million. Analysts forecast that Hostess Brands will post $0.59 EPS for the current fiscal year.

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.

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.