HOSTESS BRANDS (TWNK) Raised to “Buy” at Zacks Investment Research
Zacks Investment Research upgraded shares of HOSTESS BRANDS (NASDAQ:TWNK) from a sell rating to a buy rating in a research note published on Thursday, July 13th. They currently have $17.00 price objective on the stock.
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 several other reports. Stephens began coverage on shares of HOSTESS BRANDS in a research report on Tuesday, May 16th. They issued an overweight rating and a $20.00 price target on the stock. Deutsche Bank AG set a $19.00 price objective on shares of HOSTESS BRANDS and gave the company a buy rating in a research report on Wednesday, May 10th. Finally, BidaskClub upgraded shares of HOSTESS BRANDS from a hold rating to a buy rating in a research report on Friday, June 9th. Two investment analysts have rated the stock with a hold rating, four have issued a buy rating and one has assigned a strong buy rating to the company. The company currently has a consensus rating of Buy and an average price target of $17.83.
HOSTESS BRANDS (NASDAQ TWNK) opened at 15.11 on Thursday. The company has a 50-day moving average of $15.82 and a 200-day moving average of $15.73. The stock’s market capitalization is $1.50 billion. HOSTESS BRANDS has a 1-year low of $10.35 and a 1-year high of $17.18.
HOSTESS BRANDS (NASDAQ:TWNK) last released its quarterly earnings results on Tuesday, May 9th. The company reported $0.15 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.16 by $0.01. The business had revenue of $184.54 million for the quarter, compared to analyst estimates of $181.79 million. During the same quarter in the previous year, the firm earned $0.08 EPS. The company’s revenue for the quarter was up 15.2% on a year-over-year basis. Analysts anticipate that HOSTESS BRANDS will post $0.64 earnings per share for the current fiscal year.
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In related news, insider Cdm Hostess Class C, Llc sold 376,211 shares of the firm’s stock in a transaction on Thursday, June 8th. The shares were sold at an average price of $16.70, for a total transaction of $6,282,723.70. Following the completion of the transaction, the insider now directly owns 214,000 shares of the company’s stock, valued at $3,573,800. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider William Douglas Toler bought 50,000 shares of the business’s stock in a transaction that occurred on Wednesday, May 31st. The shares were bought at an average cost of $15.85 per share, with a total value of $792,500.00. Following the completion of the purchase, the insider now directly owns 485,000 shares of the company’s stock, valued at approximately $7,687,250. The disclosure for this purchase can be found here. 25.50% of the stock is owned by company insiders.
A number of institutional investors have recently bought and sold shares of the stock. First Personal Financial Services bought a new position in HOSTESS BRANDS during the first quarter valued at $106,000. First Mercantile Trust Co. bought a new position in HOSTESS BRANDS during the first quarter valued at $141,000. BNP Paribas Arbitrage SA boosted its position in HOSTESS BRANDS by 896.1% in the second quarter. BNP Paribas Arbitrage SA now owns 9,881 shares of the company’s stock valued at $159,000 after buying an additional 8,889 shares during the last quarter. First Trust Bank Ltd. bought a new position in HOSTESS BRANDS during the first quarter valued at $159,000. Finally, Sei Investments Co. bought a new position in HOSTESS BRANDS during the first quarter valued at $166,000. 89.74% of the stock is owned by institutional investors.
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