Hostess Brands (NASDAQ:TWNK) had its price objective lowered by Morgan Stanley from $14.00 to $12.00 in a research report sent to investors on Thursday morning. The brokerage currently has an equal weight rating on the stock.
Other analysts also recently issued research reports about the stock. Zacks Investment Research raised shares of Hostess Brands from a sell rating to a buy rating and set a $17.00 target price for the company in a research report on Thursday, July 13th. Royal Bank Of Canada reissued a buy rating and set a $16.00 target price on shares of Hostess Brands in a research report on Wednesday, October 25th. J P Morgan Chase & Co started coverage on shares of Hostess Brands in a research report on Wednesday, October 11th. They set a neutral rating and a $15.00 target price for the company. Finally, UBS AG started coverage on shares of Hostess Brands in a research report on Monday, July 31st. They set a neutral rating and a $16.00 target price for the company. One analyst has rated the stock with a sell rating, three have issued a hold rating, four have assigned a buy rating and one has issued a strong buy rating to the company. Hostess Brands has a consensus rating of Buy and an average price target of $16.25.
Hostess Brands (TWNK) traded up $0.30 during trading hours on Thursday, reaching $12.51. 2,128,700 shares of the company’s stock were exchanged, compared to its average volume of 1,420,739. 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 twelve month low of $11.00 and a twelve month 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, beating analysts’ consensus estimates of $0.13 by $0.01. The business had revenue of $192.30 million during the quarter, compared to the consensus estimate of $198.42 million. Hostess Brands had a net margin of 2.58% and a return on equity of 1.16%. The business’s quarterly revenue was down 2.0% compared to the same quarter last year. sell-side analysts expect that Hostess Brands will post 0.6 EPS for the current year.
Several hedge funds have recently made changes to their positions in the company. Pier Capital LLC grew its position in shares of Hostess Brands by 7.3% during the 3rd quarter. Pier Capital LLC now owns 404,876 shares of the company’s stock worth $5,531,000 after buying an additional 27,468 shares during the period. Dimensional Fund Advisors LP grew its position in shares of Hostess Brands by 112.0% during the 3rd quarter. Dimensional Fund Advisors LP now owns 2,122,205 shares of the company’s stock worth $28,989,000 after buying an additional 1,121,008 shares during the period. Brown Advisory Inc. acquired a new stake in shares of Hostess Brands during the 3rd quarter worth approximately $203,000. Wells Fargo & Company MN grew its position in shares of Hostess Brands by 767.8% during the 3rd quarter. Wells Fargo & Company MN now owns 564,160 shares of the company’s stock worth $7,706,000 after buying an additional 499,149 shares during the period. Finally, JPMorgan Chase & Co. grew its position in shares of Hostess Brands by 340.8% during the 3rd quarter. JPMorgan Chase & Co. now owns 11,782 shares of the company’s stock worth $161,000 after buying an additional 9,109 shares during the period. 75.60% of the stock is owned by institutional investors.
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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