Vertical Research assumed coverage on shares of Hostess Brands (NASDAQ:TWNK) in a research report sent to investors on Monday morning. The brokerage issued a buy rating on the stock.
Other research analysts have also recently issued reports about the company. TheStreet raised Hostess Brands from a c rating to a b- rating in a research note on Thursday, February 8th. Zacks Investment Research raised Hostess Brands from a hold rating to a buy rating and set a $15.00 price objective for the company in a research report on Wednesday, May 9th. Berenberg Bank initiated coverage on Hostess Brands in a research report on Monday. They set a buy rating and a $15.00 price objective for the company. Morgan Stanley set a $14.00 price objective on Hostess Brands and gave the stock a hold rating in a research report on Thursday, March 1st. Finally, Deutsche Bank cut Hostess Brands from a buy rating to a hold rating and set a $14.00 price objective for the company. in a research report on Monday, May 14th. One analyst has rated the stock with a sell rating, five have assigned a hold rating and five have assigned a buy rating to the stock. The stock currently has a consensus rating of Hold and a consensus price target of $15.67.
Get Hostess Brands alerts:Hostess Brands opened at $13.30 on Monday, Marketbeat.com reports. Hostess Brands has a 1 year low of $11.00 and a 1 year high of $17.03. The company has a quick ratio of 1.64, a current ratio of 1.94 and a debt-to-equity ratio of 0.66. The stock has a market capitalization of $1.67 billion, a price-to-earnings ratio of 21.11 and a beta of 0.24.
Hostess Brands (NASDAQ:TWNK) last posted its earnings results on Wednesday, May 9th. The company reported $0.14 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.14. Hostess Brands had a return on equity of 4.37% and a net margin of 28.97%. The firm had revenue of $208.74 million during the quarter, compared to analysts’ expectations of $200.77 million. During the same period in the previous year, the firm earned $0.15 earnings per share. The company’s revenue was up 13.1% on a year-over-year basis. equities research analysts anticipate that Hostess Brands will post 0.69 earnings per share for the current year.
In other news, Director Craig D. Steeneck acquired 13,000 shares of Hostess Brands stock in a transaction dated Monday, March 5th. The stock was bought at an average cost of $14.09 per share, with a total value of $183,170.00. Following the completion of the transaction, the director now directly owns 308,257 shares of the company’s stock, valued at $4,343,341.13. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. 24.60% of the stock is owned by corporate insiders.
Several hedge funds have recently bought and sold shares of the company. BlackRock Inc. boosted its position in shares of Hostess Brands by 2.1% during the fourth quarter. BlackRock Inc. now owns 5,143,867 shares of the company’s stock worth $76,181,000 after buying an additional 106,348 shares during the period. River Road Asset Management LLC raised its holdings in Hostess Brands by 98.3% during the first quarter. River Road Asset Management LLC now owns 5,124,401 shares of the company’s stock worth $75,790,000 after acquiring an additional 2,540,585 shares in the last quarter. Cardinal Capital Management LLC CT raised its holdings in Hostess Brands by 123.3% during the first quarter. Cardinal Capital Management LLC CT now owns 4,019,609 shares of the company’s stock worth $59,450,000 after acquiring an additional 2,219,456 shares in the last quarter. Dimensional Fund Advisors LP raised its holdings in Hostess Brands by 22.1% during the first quarter. Dimensional Fund Advisors LP now owns 3,966,993 shares of the company’s stock worth $58,672,000 after acquiring an additional 718,520 shares in the last quarter. Finally, Victory Capital Management Inc. raised its holdings in Hostess Brands by 5.3% during the first quarter. Victory Capital Management Inc. now owns 3,864,401 shares of the company’s stock worth $57,154,000 after acquiring an additional 194,310 shares in the last quarter. 84.55% of the stock is owned by institutional investors.
About Hostess Brands
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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