Hostess Brands, Inc. (TWNK) Rating Increased to Buy at Zacks Investment Research
Hostess Brands, Inc. (NASDAQ:TWNK) was upgraded by Zacks Investment Research from a “hold” rating to a “buy” rating in a note issued to investors on Friday. The firm currently has a $18.00 target price on the stock. Zacks Investment Research’s price objective would indicate a potential upside of 11.32% from the stock’s previous close.
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. “
TWNK has been the topic of a number of other reports. Deutsche Bank AG assumed coverage on Hostess Brands in a research report on Wednesday, February 15th. They issued a “buy” rating and a $18.00 price objective on the stock. CL King assumed coverage on Hostess Brands in a research report on Tuesday, February 14th. They issued a “strong-buy” rating and a $20.00 price objective on the stock.
Hostess Brands (NASDAQ:TWNK) opened at 16.17 on Friday. Hostess Brands has a 52-week low of $9.50 and a 52-week high of $16.48. The firm’s market capitalization is $186.65 million. The company’s 50-day moving average price is $15.19 and its 200 day moving average price is $12.91.
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In other news, major shareholder Gores Sponsor Llc sold 475,803 shares of the firm’s stock in a transaction on Tuesday, January 10th. The stock was sold at an average price of $13.47, for a total value of $6,409,066.41. The transaction was disclosed in a document filed with the SEC, which is available through this link. 31.20% of the stock is owned by company insiders.
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