Hostess Brands (TWNK) Downgraded by BidaskClub

Hostess Brands (NASDAQ:TWNK) was downgraded by BidaskClub from a “sell” rating to a “strong sell” rating in a note issued to investors on Saturday.

TWNK has been the topic of several other reports. Royal Bank of Canada reiterated a “buy” rating and issued a $18.00 price objective on shares of Hostess Brands in a report on Friday, December 22nd. Zacks Investment Research upgraded shares of Hostess Brands from a “sell” rating to a “hold” rating in a report on Wednesday, October 25th. UBS Group cut shares of Hostess Brands from a “neutral” rating to a “sell” rating and reduced their target price for the company from $16.00 to $11.00 in a research report on Friday, October 13th. SunTrust Banks boosted their target price on shares of Hostess Brands to $20.00 and gave the company a “buy” rating in a research report on Monday, December 18th. They noted that the move was a valuation call. Finally, JPMorgan Chase & Co. started coverage on shares of Hostess Brands in a research report on Wednesday, October 11th. They issued a “neutral” rating and a $15.00 target price for the company. Two research analysts have rated the stock with a sell rating, three have assigned a hold rating, four have given a buy rating and one has issued a strong buy rating to the company. Hostess Brands presently has a consensus rating of “Hold” and an average price target of $16.78.

Hostess Brands (NASDAQ TWNK) opened at $13.12 on Friday. Hostess Brands has a fifty-two week low of $11.00 and a fifty-two week high of $17.18. 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 (NASDAQ:TWNK) last released its quarterly earnings data on Wednesday, November 8th. The company reported $0.14 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.13 by $0.01. Hostess Brands had a net margin of 2.58% and a return on equity of 1.16%. The firm had revenue of $192.30 million for the quarter, compared to the consensus estimate of $198.42 million. The firm’s quarterly revenue was down 2.0% on a year-over-year basis. analysts forecast that Hostess Brands will post 0.61 EPS for the current year.

In other news, Director Neil P. Defeo acquired 10,000 shares of the business’s stock in a transaction that occurred on Friday, November 24th. The stock was acquired at an average price of $12.96 per share, with a total value of $129,600.00. Following the completion of the transaction, the director now directly owns 16,482 shares of the company’s stock, valued at approximately $213,606.72. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO William Douglas Toler acquired 50,000 shares of the business’s stock in a transaction that occurred on Friday, November 24th. The shares were purchased at an average cost of $12.88 per share, with a total value of $644,000.00. Following the transaction, the chief executive officer now directly owns 250,000 shares of the company’s stock, valued at $3,220,000. The disclosure for this purchase can be found here. Insiders own 25.50% of the company’s stock.

Institutional investors and hedge funds have recently bought and sold shares of the stock. Janus Henderson Group PLC bought a new stake in Hostess Brands during the second quarter worth about $118,956,000. Swiss National Bank bought a new stake in Hostess Brands during the second quarter worth about $1,198,000. Legal & General Group Plc bought a new stake in Hostess Brands during the second quarter worth about $312,000. First Manhattan Co. bought a new stake in Hostess Brands during the third quarter worth about $677,000. Finally, Wells Fargo & Company MN lifted its position in Hostess Brands by 767.8% during the third quarter. Wells Fargo & Company MN now owns 564,160 shares of the company’s stock worth $7,706,000 after purchasing an additional 499,149 shares during the period. 78.62% 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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