Hostess Brands (NASDAQ:TWNK) Lifted to Buy at BidaskClub

BidaskClub upgraded shares of Hostess Brands (NASDAQ:TWNK) from a hold rating to a buy rating in a research note published on Wednesday, June 26th, BidAskClub reports.

A number of other research firms have also recently weighed in on TWNK. TheStreet upgraded shares of YY from a c+ rating to a b- rating in a research report on Monday, March 4th. DA Davidson assumed coverage on shares of Nomad Foods in a research report on Wednesday, June 19th. They issued a buy rating and a $26.00 target price for the company. JPMorgan Chase & Co. lowered shares of Aeroports de Paris from an overweight rating to a neutral rating in a report on Thursday, May 9th. UBS Group reissued a sell rating on shares of in a report on Monday, June 24th. Finally, Deutsche Bank raised shares of Anglo American to a buy rating in a research note on Tuesday, April 2nd. Six investment analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. The company has a consensus rating of Hold and an average price target of $14.50.

Shares of TWNK stock traded up $0.04 during trading hours on Wednesday, hitting $14.45. The company’s stock had a trading volume of 652,439 shares, compared to its average volume of 1,036,146. The company has a debt-to-equity ratio of 0.62, a quick ratio of 1.91 and a current ratio of 2.19. The stock has a 50 day simple moving average of $14.00. Hostess Brands has a 12-month low of $9.86 and a 12-month high of $14.86. The stock has a market cap of $1.90 billion, a PE ratio of 26.76 and a beta of 0.55.

Hostess Brands (NASDAQ:TWNK) last posted its earnings results on Wednesday, May 8th. The company reported $0.14 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.14. Hostess Brands had a net margin of 6.96% and a return on equity of 3.60%. The firm had revenue of $222.74 million during the quarter, compared to analysts’ expectations of $210.90 million. Research analysts expect that Hostess Brands will post 0.62 EPS for the current year.

In related news, Director C. Dean Metropoulos sold 1,834,300 shares of the business’s stock in a transaction dated Friday, May 17th. The shares were sold at an average price of $13.31, for a total value of $24,414,533.00. Following the completion of the transaction, the director now owns 458,939 shares of the company’s stock, valued at approximately $6,108,478.09. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Hostess Cdm Co-Invest, Llc sold 6,165,700 shares of Hostess Brands stock in a transaction dated Friday, May 17th. The shares were sold at an average price of $13.31, for a total value of $82,065,467.00. Following the completion of the sale, the insider now owns 6,165,700 shares of the company’s stock, valued at approximately $82,065,467. The disclosure for this sale can be found here. Company insiders own 24.60% of the company’s stock.

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. JPMorgan Chase & Co. boosted its stake in Hostess Brands by 51.8% during the third quarter. JPMorgan Chase & Co. now owns 129,308 shares of the company’s stock valued at $1,432,000 after buying an additional 44,106 shares in the last quarter. Rhumbline Advisers boosted its stake in Hostess Brands by 41.4% during the fourth quarter. Rhumbline Advisers now owns 146,221 shares of the company’s stock valued at $1,600,000 after buying an additional 42,799 shares in the last quarter. Mackenzie Financial Corp bought a new position in Hostess Brands during the fourth quarter valued at about $118,000. Prudential Financial Inc. bought a new position in Hostess Brands during the fourth quarter valued at about $3,033,000. Finally, First Trust Advisors LP boosted its stake in Hostess Brands by 11.8% during the fourth quarter. First Trust Advisors LP now owns 242,731 shares of the company’s stock valued at $2,655,000 after buying an additional 25,539 shares in the last quarter. Hedge funds and other institutional investors own 84.82% of the company’s stock.

Hostess Brands Company Profile

Hostess Brands, Inc, a packaged food company, develops, manufactures, markets, sells, and distributes fresh sweet baked goods in the United States. It primarily offer a range of snack cakes, donuts, sweet rolls, breakfast pastries, snack pies, and related products. The company operates in two segments, Sweet Baked Goods and In-Store Bakery.

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Analyst Recommendations for Hostess Brands (NASDAQ:TWNK)

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