Somewhat Favorable Media Coverage Somewhat Unlikely to Affect Hostess Brands (TWNK) Stock Price
Press coverage about Hostess Brands (NASDAQ:TWNK) has trended somewhat positive on Thursday, according to Accern. The research group identifies negative and positive media coverage by analyzing more than 20 million blog and news sources. Accern ranks coverage of companies on a scale of -1 to 1, with scores nearest to one being the most favorable. Hostess Brands earned a daily sentiment score of 0.10 on Accern’s scale. Accern also assigned news headlines about the company an impact score of 47.7802068726475 out of 100, meaning that recent media coverage is somewhat unlikely to have an impact on the company’s share price in the near future.
These are some of the headlines that may have impacted Accern Sentiment Analysis’s analysis:
- This Theory About The Night King On ‘GOT’ Will Haunt You (famososartistas.com)
- Interesting TWNK Put And Call Options For April 2018 (stockoptionschannel.com)
- Hostess Brands (TWNK) Given Consensus Recommendation of “Buy” by Brokerages (americanbankingnews.com)
- Hostess Brands, Inc. : to Participate in the Barclays Global Consumer Staples Conference (4-traders.com)
- Q3 2017 Earnings Estimate for Hostess Brands Issued By SunTrust Banks (TWNK) (americanbankingnews.com)
Several brokerages recently issued reports on TWNK. Zacks Investment Research raised shares of Hostess Brands from a “sell” rating to a “hold” rating in a research note on Friday, May 26th. BidaskClub raised shares of Hostess Brands from a “hold” rating to a “buy” rating in a research note on Friday, June 9th. Stephens began coverage on shares of Hostess Brands in a research note on Tuesday, May 16th. They set an “overweight” rating and a $20.00 price objective on the stock. Deutsche Bank AG set a $19.00 price objective on shares of Hostess Brands and gave the company a “buy” rating in a research note on Wednesday, May 10th. Finally, UBS AG began coverage on shares of Hostess Brands in a research note on Monday, July 31st. They set a “neutral” rating and a $16.00 price objective on the stock. Two investment analysts have rated the stock with a hold rating, four have given a buy rating and one has assigned a strong buy rating to the stock. Hostess Brands currently has an average rating of “Buy” and an average target price of $17.83.
Shares of Hostess Brands (TWNK) traded down 0.22% during trading on Thursday, reaching $13.38. 260,047 shares of the company traded hands. The firm’s market capitalization is $1.34 billion. Hostess Brands has a 12 month low of $10.65 and a 12 month high of $17.18. The firm has a 50-day moving average price of $15.03 and a 200-day moving average price of $15.68.
Hostess Brands (NASDAQ:TWNK) last issued its quarterly earnings data on Tuesday, August 8th. The company reported $0.18 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ 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. Equities research analysts anticipate that Hostess Brands will post $0.59 EPS for the current year.
In other Hostess Brands news, CEO William Douglas Toler acquired 75,000 shares of the firm’s stock in a transaction that occurred on Friday, August 11th. The stock was acquired at an average cost of $13.86 per share, for a total transaction of $1,039,500.00. Following the transaction, the chief executive officer now owns 560,000 shares of the company’s stock, valued at $7,761,600. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Cdm Hostess Class C, Llc sold 330,000 shares of the business’s stock in a transaction that occurred on Wednesday, June 14th. The shares were sold at an average price of $16.44, for a total value of $5,425,200.00. Following the completion of the transaction, the insider now owns 195,000 shares of the company’s stock, valued at $3,205,800. The disclosure for this sale can be found here. Insiders purchased a total of 130,000 shares of company stock valued at $1,901,900 over the last quarter. 25.50% of the stock is owned by insiders.
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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