Hostess Brands Inc (TWNK) Receives Consensus Recommendation of “Hold” from Brokerages

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Shares of Hostess Brands Inc (NASDAQ:TWNK) have been given an average recommendation of “Hold” by the thirteen analysts that are presently covering the stock, Marketbeat Ratings reports. Eight investment analysts have rated the stock with a hold rating and four have issued a buy rating on the company. The average 12 month price target among analysts that have issued ratings on the stock in the last year is $14.00.

Several brokerages recently issued reports on TWNK. Zacks Investment Research upgraded Hostess Brands from a “sell” rating to a “hold” rating in a research note on Wednesday, January 30th. BidaskClub lowered Hostess Brands from a “buy” rating to a “hold” rating in a research note on Friday, January 25th. JPMorgan Chase & Co. upgraded Hostess Brands from a “neutral” rating to an “overweight” rating and boosted their price target for the company from $13.00 to $14.00 in a research note on Thursday, December 6th. Finally, Citigroup set a $12.00 price target on Hostess Brands and gave the company a “hold” rating in a research note on Monday, November 12th.

TWNK traded up $0.09 on Thursday, hitting $11.53. 410,100 shares of the stock traded hands, compared to its average volume of 680,200. Hostess Brands has a 52 week low of $9.86 and a 52 week high of $14.98. The company has a quick ratio of 1.85, a current ratio of 2.13 and a debt-to-equity ratio of 0.64. The firm has a market capitalization of $1.48 billion, a price-to-earnings ratio of 18.30 and a beta of 0.49.

Hostess Brands (NASDAQ:TWNK) last issued its quarterly earnings results on Wednesday, November 7th. The company reported $0.10 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.12 by ($0.02). Hostess Brands had a net margin of 27.74% and a return on equity of 3.76%. The firm had revenue of $211.00 million for the quarter, compared to the consensus estimate of $208.64 million. During the same quarter in the prior year, the firm earned $0.14 earnings per share. The company’s revenue was up 9.7% on a year-over-year basis. Equities research analysts expect that Hostess Brands will post 0.52 EPS for the current year.

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Quantamental Technologies LLC acquired a new stake in Hostess Brands during the fourth quarter valued at approximately $36,000. Mackenzie Financial Corp acquired a new stake in Hostess Brands during the fourth quarter valued at approximately $118,000. Stevens Capital Management LP acquired a new stake in Hostess Brands during the third quarter valued at approximately $156,000. State Board of Administration of Florida Retirement System acquired a new stake in Hostess Brands during the third quarter valued at approximately $170,000. Finally, Boyar Asset Management Inc. acquired a new stake in Hostess Brands during the third quarter valued at approximately $183,000. 85.15% of the stock is currently owned by institutional investors.

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.

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Analyst Recommendations for Hostess Brands (NASDAQ:TWNK)

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