HOSTESS BRANDS (TWNK) Raised to Hold at Zacks Investment Research
Zacks Investment Research upgraded shares of HOSTESS BRANDS (NASDAQ:TWNK) from a sell rating to a hold rating in a report published on Tuesday.
According to Zacks, “Hostess Brands, Inc. is involved in developing, manufacturing, marketing, selling and distributing sweet goods primarily in the United States. The company produces new and classic treats which includes Ding Dongs, Ho Hos, Donettes, Fruit Pies as well as Twinkies and CupCakes. Hostess Brands, Inc. is based in Kansas City, Missouri. “
Several other brokerages have also issued reports on TWNK. BidaskClub raised shares of HOSTESS BRANDS from a hold rating to a buy rating in a research note on Friday, June 9th. UBS AG assumed coverage on shares of HOSTESS BRANDS in a research note on Monday, July 31st. They issued a neutral rating and a $16.00 target price on the stock. Finally, Royal Bank Of Canada assumed coverage on shares of HOSTESS BRANDS in a research note on Monday. They issued an outperform rating and a $16.00 target price on the stock. Two research analysts have rated the stock with a hold rating, five have given a buy rating and one has assigned a strong buy rating to the company. The company presently has an average rating of Buy and an average target price of $17.57.
HOSTESS BRANDS (TWNK) traded up 0.4749% during mid-day trading on Tuesday, hitting $13.7299. 35,408 shares of the company’s stock were exchanged. The firm has a 50 day moving average of $13.71 and a 200 day moving average of $15.46. The stock’s market capitalization is $1.37 billion. HOSTESS BRANDS has a 52 week low of $10.67 and a 52 week high of $17.18.
HOSTESS BRANDS (NASDAQ:TWNK) last issued its earnings results on Tuesday, August 8th. The company reported $0.18 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.19 by ($0.01). The firm had revenue of $203.18 million for the quarter, compared to the consensus estimate of $205.41 million. Equities analysts forecast that HOSTESS BRANDS will post $0.59 earnings per share for the current fiscal year.
In other news, insider Michael John Cramer purchased 5,000 shares of the business’s stock in a transaction that occurred on Friday, August 11th. The shares were acquired at an average cost of $13.98 per share, for a total transaction of $69,900.00. The acquisition was disclosed in a document filed with the SEC, which is available through the SEC website. Also, CEO William Douglas Toler purchased 75,000 shares of the business’s stock in a transaction that occurred on Friday, August 11th. The stock was purchased at an average price of $13.86 per share, for a total transaction of $1,039,500.00. Following the completion of the transaction, the chief executive officer now directly owns 560,000 shares in the company, valued at $7,761,600. The disclosure for this purchase can be found here. 25.50% of the stock is currently owned by company insiders.
Several large investors have recently made changes to their positions in the stock. Westwood Holdings Group Inc. acquired a new stake in shares of HOSTESS BRANDS in the 2nd quarter valued at approximately $27,074,000. Ameritas Investment Partners Inc. acquired a new stake in shares of HOSTESS BRANDS in the 2nd quarter valued at approximately $113,000. Castleark Management LLC acquired a new stake in shares of HOSTESS BRANDS in the 2nd quarter valued at approximately $10,618,000. California State Teachers Retirement System acquired a new stake in shares of HOSTESS BRANDS in the 2nd quarter valued at approximately $2,283,000. Finally, The Manufacturers Life Insurance Company acquired a new stake in shares of HOSTESS BRANDS in the 2nd quarter valued at approximately $955,000. Institutional investors and hedge funds own 77.51% of the company’s stock.
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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