Hostess Brands (TWNK) Lowered to Sell at BidaskClub

Hostess Brands (NASDAQ:TWNK) was downgraded by research analysts at BidaskClub from a “hold” rating to a “sell” rating in a research note issued to investors on Friday.

Several other equities analysts have also commented on the company. Royal Bank of Canada restated a “buy” rating and set a $18.00 price target on shares of Hostess Brands in a research note on Friday, December 22nd. SunTrust Banks raised their price target on Hostess Brands to $20.00 and gave the company a “buy” rating in a research note on Monday, December 18th. They noted that the move was a valuation call. Zacks Investment Research lowered Hostess Brands from a “buy” rating to a “hold” rating in a research note on Wednesday, November 15th. Morgan Stanley cut their target price on Hostess Brands from $14.00 to $12.00 and set an “equal weight” rating on the stock in a research note on Thursday, November 9th. Finally, UBS Group lowered Hostess Brands from a “neutral” rating to a “sell” rating and cut their target price for the company from $16.00 to $11.00 in a research note on Friday, October 13th. Two analysts have rated the stock with a sell rating, two have issued a hold rating, five have issued a buy rating and one has given a strong buy rating to the stock. The company currently has an average rating of “Buy” and a consensus price target of $16.78.

Shares of Hostess Brands (NASDAQ TWNK) traded up $0.18 during trading on Friday, hitting $14.66. The stock had a trading volume of 786,372 shares, compared to its average volume of 654,560. The company has a debt-to-equity ratio of 0.77, a quick ratio of 1.88 and a current ratio of 2.18. Hostess Brands has a 1 year low of $11.00 and a 1 year high of $17.18.

Hostess Brands (NASDAQ:TWNK) last announced its quarterly earnings results on Wednesday, November 8th. The company reported $0.14 EPS for the quarter, beating the consensus estimate of $0.13 by $0.01. The firm had revenue of $192.30 million for the quarter, compared to analyst estimates of $198.42 million. Hostess Brands had a return on equity of 1.16% and a net margin of 2.58%. The business’s quarterly revenue was down 2.0% on a year-over-year basis. sell-side analysts predict that Hostess Brands will post 0.61 earnings per share for the current year.

In other Hostess Brands news, insider Cdm Hostess Class C, Llc sold 31,685 shares of the firm’s stock in a transaction dated Monday, December 18th. The stock was sold at an average price of $15.30, for a total value of $484,780.50. Following the completion of the sale, the insider now owns 31,685 shares of the company’s stock, valued at $484,780.50. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. Also, CEO William Douglas Toler purchased 50,000 shares of the stock in a transaction on Friday, November 24th. The stock was acquired at an average cost of $12.88 per share, with a total value of $644,000.00. Following the acquisition, the chief executive officer now owns 250,000 shares of the company’s stock, valued at approximately $3,220,000. The disclosure for this purchase can be found here. 25.50% of the stock is owned by insiders.

Hedge funds and other institutional investors have recently modified their holdings of the business. Janus Henderson Group PLC acquired a new stake in Hostess Brands in the second quarter worth about $118,956,000. Swiss National Bank acquired a new stake in Hostess Brands in the second quarter worth about $1,198,000. Legal & General Group Plc acquired a new stake in Hostess Brands in the second quarter worth about $312,000. First Manhattan Co. acquired a new stake in Hostess Brands in the third quarter worth about $677,000. Finally, Alyeska Investment Group L.P. acquired a new stake in Hostess Brands in the third quarter worth about $5,123,000. 78.60% of the stock is owned by institutional investors and hedge funds.

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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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