SunTrust Banks Boosts Hostess Brands (TWNK) Price Target to $20.00
Hostess Brands (NASDAQ:TWNK) had its price target raised by research analysts at SunTrust Banks to $20.00 in a research note issued to investors on Monday. The brokerage currently has a “buy” rating on the stock. SunTrust Banks’ price target would indicate a potential upside of 29.87% from the stock’s current price. The analysts noted that the move was a valuation call.
A number of other equities research analysts also recently weighed in on the company. Zacks Investment Research downgraded Hostess Brands from a “buy” rating to a “hold” rating in a research report on Wednesday, November 15th. Morgan Stanley dropped their price target on Hostess Brands from $14.00 to $12.00 and set an “equal weight” rating on the stock in a report on Thursday, November 9th. Royal Bank of Canada reaffirmed a “buy” rating and issued a $16.00 price target on shares of Hostess Brands in a report on Wednesday, October 25th. UBS cut Hostess Brands from a “neutral” rating to a “sell” rating and dropped their price target for the company from $16.00 to $11.00 in a report on Friday, October 13th. Finally, J P Morgan Chase & Co assumed coverage on Hostess Brands in a report on Wednesday, October 11th. They issued a “neutral” rating and a $15.00 price target on the stock. One analyst has rated the stock with a sell rating, three have given a hold rating, five have given a buy rating and one has assigned a strong buy rating to the company. Hostess Brands presently has an average rating of “Buy” and a consensus target price of $16.67.
Shares of Hostess Brands (NASDAQ TWNK) opened at $15.40 on Monday. The company has a debt-to-equity ratio of 0.77, a current ratio of 2.18 and a quick ratio of 1.88. Hostess Brands has a 52-week low of $11.00 and a 52-week high of $17.18.
Hostess Brands (NASDAQ:TWNK) last released its earnings results on Wednesday, November 8th. The company reported $0.14 earnings per share for the quarter, topping analysts’ consensus estimates of $0.13 by $0.01. The firm had revenue of $192.30 million during the quarter, compared to the consensus estimate of $198.42 million. Hostess Brands had a return on equity of 1.16% and a net margin of 2.58%. The firm’s revenue for the quarter was down 2.0% compared to the same quarter last year. equities analysts anticipate that Hostess Brands will post 0.6 EPS for the current fiscal year.
In other news, Director Neil P. Defeo bought 10,000 shares of the business’s stock in a transaction on Friday, November 24th. The shares were bought at an average cost of $12.96 per share, with a total value of $129,600.00. Following the purchase, the director now directly owns 16,482 shares in the company, valued at $213,606.72. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, CEO William Douglas Toler bought 50,000 shares of the business’s stock in a transaction on Friday, November 24th. The shares were purchased at an average cost of $12.88 per share, for a total transaction of $644,000.00. Following the completion of the purchase, the chief executive officer now owns 250,000 shares in the company, valued at $3,220,000. The disclosure for this purchase can be found here. 25.50% of the stock is currently owned by corporate insiders.
A number of large investors have recently made changes to their positions in the business. GSA Capital Partners LLP raised its stake in Hostess Brands by 30.3% during the 3rd quarter. GSA Capital Partners LLP now owns 46,963 shares of the company’s stock valued at $642,000 after purchasing an additional 10,909 shares during the period. California Public Employees Retirement System raised its stake in Hostess Brands by 16.3% during the 3rd quarter. California Public Employees Retirement System now owns 42,572 shares of the company’s stock valued at $582,000 after purchasing an additional 5,972 shares during the period. Janus Henderson Group PLC raised its stake in Hostess Brands by 31.3% during the 3rd quarter. Janus Henderson Group PLC now owns 9,704,630 shares of the company’s stock valued at $132,565,000 after purchasing an additional 2,316,041 shares during the period. Alyeska Investment Group L.P. acquired a new stake in Hostess Brands during the 3rd quarter valued at $5,123,000. Finally, Segall Bryant & Hamill LLC acquired a new stake in Hostess Brands during the 3rd quarter valued at $150,000. 78.60% of the stock is currently owned by institutional investors.
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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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