UBS Upgrades Hostess Brands (TWNK) to “Neutral”

Hostess Brands (NASDAQ:TWNK) was upgraded by stock analysts at UBS from a “sell” rating to a “neutral” rating in a report issued on Monday, www.benzinga.com reports.

Several other brokerages have also recently weighed in on TWNK. Zacks Investment Research raised Hostess Brands from a “hold” rating to a “buy” rating and set a $16.00 target price for the company in a research note on Saturday, January 20th. BidaskClub cut Hostess Brands from a “hold” rating to a “sell” rating in a research note on Friday, January 19th. TheStreet raised Hostess Brands from a “c” rating to a “b-” rating in a research note on Thursday, February 8th. Finally, Morgan Stanley set a $14.00 target price on Hostess Brands and gave the company a “hold” rating in a research note on Thursday, March 1st. One equities research analyst has rated the stock with a sell rating, three have given a hold rating and five have given a buy rating to the stock. The company presently has a consensus rating of “Hold” and a consensus target price of $16.63.

Shares of TWNK stock opened at $14.38 on Monday. Hostess Brands has a fifty-two week low of $11.00 and a fifty-two week high of $17.18. The stock has a market cap of $1,842.36, a P/E ratio of 22.83 and a beta of 0.16. The company has a quick ratio of 1.91, a current ratio of 2.18 and a debt-to-equity ratio of 0.67.

Hostess Brands (NASDAQ:TWNK) last announced its earnings results on Wednesday, February 28th. The company reported $0.17 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.14 by $0.03. Hostess Brands had a return on equity of 4.68% and a net margin of 28.85%. The business had revenue of $196.22 million during the quarter, compared to analysts’ expectations of $194.10 million. During the same quarter last year, the business posted $0.14 earnings per share. The company’s quarterly revenue was up 9.7% on a year-over-year basis. sell-side analysts predict that Hostess Brands will post 0.69 EPS for the current fiscal year.

In related news, Director Craig D. Steeneck purchased 13,000 shares of the firm’s stock in a transaction that occurred on Monday, March 5th. The stock was acquired at an average price of $14.09 per share, for a total transaction of $183,170.00. Following the transaction, the director now directly owns 308,257 shares of the company’s stock, valued at approximately $4,343,341.13. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Company insiders own 25.50% of the company’s stock.

Several large investors have recently added to or reduced their stakes in the stock. BlackRock Inc. boosted its position in shares of Hostess Brands by 2.1% in the 4th quarter. BlackRock Inc. now owns 5,143,867 shares of the company’s stock valued at $76,181,000 after purchasing an additional 106,348 shares during the period. River Road Asset Management LLC purchased a new stake in Hostess Brands in the 4th quarter worth about $38,266,000. Westwood Holdings Group Inc. lifted its stake in Hostess Brands by 2.9% in the 4th quarter. Westwood Holdings Group Inc. now owns 2,429,017 shares of the company’s stock worth $35,974,000 after acquiring an additional 69,315 shares in the last quarter. Goldman Sachs Group Inc. lifted its stake in Hostess Brands by 652.4% in the 4th quarter. Goldman Sachs Group Inc. now owns 2,366,048 shares of the company’s stock worth $35,041,000 after acquiring an additional 2,051,595 shares in the last quarter. Finally, Channing Capital Management LLC lifted its stake in Hostess Brands by 61.4% in the 4th quarter. Channing Capital Management LLC now owns 2,195,289 shares of the company’s stock worth $32,512,000 after acquiring an additional 834,845 shares in the last quarter. Institutional investors and hedge funds own 80.93% of the company’s stock.

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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 coffee cakes, cinnamon rolls, honey buns, brownies, bread and buns, jumbo muffins, and eclairs under the Twinkies, CupCakes, Ding Dongs, Zingers, HoHos, Donettes, Dolly Madison, and Superior on Main brands.

Analyst Recommendations for Hostess Brands (NASDAQ:TWNK)

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