Shares of Hostess Brands, Inc. (NASDAQ:TWNK) have received a consensus rating of “Hold” from the ten ratings firms that are presently covering the company, Marketbeat.com reports. Two investment analysts have rated the stock with a sell recommendation, three have given a hold recommendation, four have issued a buy recommendation and one has assigned a strong buy recommendation to the company. The average 12-month price objective among brokerages that have updated their coverage on the stock in the last year is $16.88.
Several equities research analysts have recently commented on TWNK shares. Morgan Stanley started coverage on Hostess Brands in a research note on Monday, September 25th. They issued an “equal weight” rating and a $14.00 target price for the company. UBS Group cut Hostess Brands from a “neutral” rating to a “sell” rating and lowered their target price for the company from $16.00 to $11.00 in a research note on Friday, October 13th. JPMorgan Chase & Co. started coverage on Hostess Brands in a research note on Wednesday, October 11th. They issued a “neutral” rating and a $15.00 target price for the company. Zacks Investment Research cut Hostess Brands from a “buy” rating to a “hold” rating in a research note on Wednesday, November 15th. Finally, Royal Bank of Canada reissued a “buy” rating and issued a $16.00 target price on shares of Hostess Brands in a research note on Wednesday, October 25th.
Hostess Brands (NASDAQ TWNK) traded up $0.18 during midday trading on Friday, hitting $14.66. The stock had a trading volume of 786,372 shares, compared to its average volume of 956,852. Hostess Brands has a one year low of $11.00 and a one year high of $17.18. The company has a quick ratio of 1.88, a current ratio of 2.18 and a debt-to-equity ratio of 0.77.
In related news, insider Cdm Hostess Class C, Llc sold 25,752 shares of Hostess Brands stock in a transaction on Tuesday, January 2nd. The stock was sold at an average price of $15.30, for a total transaction of $394,005.60. Following the completion of the sale, the insider now directly owns 25,752 shares of the company’s stock, valued at $394,005.60. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, Director Neil P. Defeo acquired 10,000 shares of the firm’s stock in a transaction that occurred on Friday, November 24th. The shares were bought at an average cost of $12.96 per share, with a total value of $129,600.00. Following the completion of the purchase, the director now owns 16,482 shares of the company’s stock, valued at $213,606.72. The disclosure for this purchase can be found here. 25.50% of the stock is owned by insiders.
Several institutional investors have recently made changes to their positions in the stock. Janus Henderson Group PLC grew its stake in shares of Hostess Brands by 31.3% during the third quarter. Janus Henderson Group PLC now owns 9,704,630 shares of the company’s stock worth $132,565,000 after purchasing an additional 2,316,041 shares during the period. Vanguard Group Inc. lifted its holdings in Hostess Brands by 56.9% during the second quarter. Vanguard Group Inc. now owns 6,695,119 shares of the company’s stock worth $107,791,000 after acquiring an additional 2,428,469 shares in the last quarter. Dimensional Fund Advisors LP lifted its holdings in Hostess Brands by 112.0% during the third quarter. Dimensional Fund Advisors LP now owns 2,122,205 shares of the company’s stock worth $28,989,000 after acquiring an additional 1,121,008 shares in the last quarter. Westwood Holdings Group Inc. bought a new position in Hostess Brands during the second quarter worth about $27,074,000. Finally, Ameriprise Financial Inc. lifted its holdings in Hostess Brands by 352.8% during the second quarter. Ameriprise Financial Inc. now owns 1,553,378 shares of the company’s stock worth $25,010,000 after acquiring an additional 1,210,352 shares in the last quarter. 78.60% of the stock is owned by institutional investors and hedge funds.
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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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