SunTrust Banks Equities Analysts Cut Earnings Estimates for HOSTESS BRANDS (NASDAQ:TWNK)
HOSTESS BRANDS (NASDAQ:TWNK) – Investment analysts at SunTrust Banks reduced their Q3 2017 earnings per share (EPS) estimates for HOSTESS BRANDS in a research note issued on Wednesday. SunTrust Banks analyst W. Chappell now anticipates that the company will post earnings of $0.11 per share for the quarter, down from their prior forecast of $0.17. SunTrust Banks also issued estimates for HOSTESS BRANDS’s Q4 2017 earnings at $0.14 EPS, FY2017 earnings at $0.57 EPS, Q3 2018 earnings at $0.17 EPS and FY2018 earnings at $0.64 EPS.
A number of other equities research analysts have also recently issued reports on the stock. Zacks Investment Research cut shares of HOSTESS BRANDS from a “buy” rating to a “hold” rating in a report on Tuesday. UBS AG assumed coverage on shares of HOSTESS BRANDS in a report on Monday, July 31st. They set a “neutral” rating and a $16.00 target price on the stock. BidaskClub raised shares of HOSTESS BRANDS from a “hold” rating to a “buy” rating in a report on Friday, June 9th. Stephens assumed coverage on shares of HOSTESS BRANDS in a report on Tuesday, May 16th. They set an “overweight” rating and a $20.00 target price on the stock. Finally, Deutsche Bank AG set a $19.00 target price on shares of HOSTESS BRANDS and gave the company a “buy” rating in a report on Wednesday, May 10th. Two research analysts have rated the stock with a hold rating, four have issued a buy rating and one has issued a strong buy rating to the stock. The stock has a consensus rating of “Buy” and a consensus target price of $17.83.
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Shares of HOSTESS BRANDS (TWNK) opened at 13.10 on Friday. HOSTESS BRANDS has a 12 month low of $10.48 and a 12 month high of $17.18. The firm’s market cap is $1.31 billion. The company’s 50-day moving average price is $15.61 and its 200-day moving average price is $15.74.
HOSTESS BRANDS (NASDAQ:TWNK) last issued its quarterly earnings results on Tuesday, August 8th. The company reported $0.18 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.19 by $0.01. The company had revenue of $203.18 million during the quarter, compared to analyst estimates of $205.41 million.
Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. First Personal Financial Services purchased a new position in HOSTESS BRANDS during the first quarter valued at $106,000. First Mercantile Trust Co. purchased a new position in HOSTESS BRANDS during the first quarter valued at $141,000. First Trust Bank Ltd. purchased a new position in HOSTESS BRANDS during the first quarter valued at $159,000. BNP Paribas Arbitrage SA boosted its position in HOSTESS BRANDS by 896.1% in the second quarter. BNP Paribas Arbitrage SA now owns 9,881 shares of the company’s stock valued at $159,000 after buying an additional 8,889 shares during the last quarter. Finally, Sei Investments Co. purchased a new position in HOSTESS BRANDS during the first quarter valued at $166,000. 89.74% of the stock is currently owned by hedge funds and other institutional investors.
In other news, insider William Douglas Toler purchased 50,000 shares of the firm’s stock in a transaction dated Wednesday, May 31st. The shares were purchased at an average price of $15.85 per share, with a total value of $792,500.00. Following the completion of the acquisition, the insider now owns 485,000 shares in the company, valued at approximately $7,687,250. The acquisition was disclosed in a filing with the SEC, which is accessible through this link. Also, insider Cdm Hostess Class C, Llc sold 330,000 shares of the company’s stock in a transaction on Wednesday, June 14th. The stock was sold at an average price of $16.44, for a total transaction of $5,425,200.00. Following the completion of the transaction, the insider now directly owns 195,000 shares in the company, valued at approximately $3,205,800. The disclosure for this sale can be found here. Insiders own 25.50% 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.
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