Zacks Investment Research Downgrades Hostess Brands (TWNK) to Hold
Hostess Brands (NASDAQ:TWNK) was downgraded by Zacks Investment Research from a “buy” rating to a “hold” rating in a research report issued to clients and investors on Wednesday.
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 analysts have also issued reports on TWNK. UBS AG initiated coverage on Hostess Brands in a research note on Monday, July 31st. They issued a “neutral” rating and a $16.00 target price on the stock. Royal Bank Of Canada initiated coverage on Hostess Brands in a research note on Monday, September 18th. They issued an “outperform” rating and a $16.00 target price on the stock. Morgan Stanley initiated coverage on Hostess Brands in a research note on Monday, September 25th. They issued 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 research note on Wednesday, October 11th. They issued a “neutral” rating and a $15.00 target price on the stock. One equities research analyst has rated the stock with a sell rating, three have given a hold rating, four have assigned a buy rating and one has given a strong buy rating to the stock. The stock currently has an average rating of “Buy” and an average target price of $16.25.
Hostess Brands (NASDAQ:TWNK) last released its quarterly earnings data on Wednesday, November 8th. The company reported $0.14 earnings per share for the quarter, beating the consensus estimate of $0.13 by $0.01. The firm had revenue of $192.30 million during the quarter, compared to the consensus estimate of $198.42 million. Hostess Brands had a return on equity of 1.16% and a net margin of 2.58%. Hostess Brands’s revenue was down 2.0% compared to the same quarter last year. equities research analysts anticipate that Hostess Brands will post 0.6 EPS for the current fiscal year.
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Hedge funds have recently modified their holdings of the company. Ameritas Investment Partners Inc. purchased a new stake in shares of Hostess Brands during the second quarter worth about $113,000. Segall Bryant & Hamill LLC purchased a new stake in shares of Hostess Brands during the third quarter worth about $150,000. BNP Paribas Arbitrage SA grew its stake in shares of Hostess Brands by 896.1% during the second quarter. BNP Paribas Arbitrage SA now owns 9,881 shares of the company’s stock worth $159,000 after acquiring an additional 8,889 shares during the last quarter. JPMorgan Chase & Co. grew its stake in shares of Hostess Brands by 340.8% during the third quarter. JPMorgan Chase & Co. now owns 11,782 shares of the company’s stock worth $161,000 after acquiring an additional 9,109 shares during the last quarter. Finally, Cipher Capital LP purchased a new stake in shares of Hostess Brands during the third quarter worth about $167,000. Institutional investors and hedge funds own 75.60% of the company’s stock.
Hostess Brands Company Profile
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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