Hostess Brands (NASDAQ:TWNK)‘s stock had its “buy” rating reissued by equities research analysts at Royal Bank Of Canada in a note issued to investors on Wednesday. They currently have a $16.00 price objective on the stock. Royal Bank Of Canada’s target price would suggest a potential upside of 36.75% from the company’s current price.

Other equities analysts have also recently issued reports about the stock. Zacks Investment Research raised shares of Hostess Brands from a “sell” rating to a “buy” rating and set a $17.00 target price for the company in a research note on Thursday, July 13th. Morgan Stanley started coverage on shares of Hostess Brands in a research note on Monday, September 25th. They set an “equal weight” rating and a $14.00 target price for the company. J P Morgan Chase & Co started coverage on shares of Hostess Brands in a research note on Wednesday, October 11th. They set a “neutral” rating and a $15.00 target price for the company. Finally, UBS AG started coverage on shares of Hostess Brands in a research note on Monday, July 31st. They set a “neutral” rating and a $16.00 target price for the company. One research analyst has rated the stock with a sell rating, three have given a hold rating, five have issued a buy rating and one has given a strong buy rating to the company. Hostess Brands currently has an average rating of “Buy” and a consensus price target of $16.33.

Hostess Brands (NASDAQ TWNK) traded down 0.26% during mid-day trading on Wednesday, hitting $11.70. 1,527,019 shares of the stock were exchanged. Hostess Brands has a 52 week low of $11.13 and a 52 week high of $17.18. The company has a 50-day moving average of $13.16 and a 200-day moving average of $14.94. The stock’s market capitalization is $1.17 billion.

Hostess Brands (NASDAQ:TWNK) last posted its earnings results on Tuesday, August 8th. The company reported $0.18 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.19 by ($0.01). The company had revenue of $203.18 million for the quarter, compared to the consensus estimate of $205.41 million. On average, equities analysts predict that Hostess Brands will post $0.59 EPS for the current fiscal year.

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In other Hostess Brands news, insider Michael John Cramer acquired 5,000 shares of the stock in a transaction on Friday, August 11th. The stock was acquired at an average price of $13.98 per share, for a total transaction of $69,900.00. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO William Douglas Toler acquired 75,000 shares of the stock in a transaction on Friday, August 11th. The shares were acquired at an average price of $13.86 per share, with a total value of $1,039,500.00. Following the transaction, the chief executive officer now directly owns 560,000 shares of the company’s stock, valued at $7,761,600. The disclosure for this purchase can be found here. 25.50% of the stock is owned by company insiders.

A number of hedge funds have recently added to or reduced their stakes in the business. Oppenheimer & Co. Inc. lifted its position in Hostess Brands by 0.8% during the second quarter. Oppenheimer & Co. Inc. now owns 255,637 shares of the company’s stock valued at $4,115,000 after purchasing an additional 2,000 shares during the last quarter. California Public Employees Retirement System lifted its position in Hostess Brands by 8.0% during the second quarter. California Public Employees Retirement System now owns 36,600 shares of the company’s stock valued at $589,000 after purchasing an additional 2,700 shares during the last quarter. Scholtz & Company LLC lifted its position in Hostess Brands by 2.5% during the second quarter. Scholtz & Company LLC now owns 120,265 shares of the company’s stock valued at $1,936,000 after purchasing an additional 2,960 shares during the last quarter. Carnegie Capital Asset Management LLC lifted its position in Hostess Brands by 4.4% during the second quarter. Carnegie Capital Asset Management LLC now owns 104,860 shares of the company’s stock valued at $1,577,000 after purchasing an additional 4,435 shares during the last quarter. Finally, First Personal Financial Services lifted its position in Hostess Brands by 76.7% during the second quarter. First Personal Financial Services now owns 11,760 shares of the company’s stock valued at $189,000 after purchasing an additional 5,103 shares during the last quarter. Institutional investors and hedge funds own 77.61% 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.

Analyst Recommendations for Hostess Brands (NASDAQ:TWNK)

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