Hostess Brands (NASDAQ:TWNK) Downgraded by BidaskClub to “Sell”

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BidaskClub cut shares of Hostess Brands (NASDAQ:TWNK) from a hold rating to a sell rating in a research report report published on Thursday, October 17th, BidAskClub reports.

Other analysts also recently issued reports about the stock. DA Davidson began coverage on shares of Hostess Brands in a report on Wednesday, June 19th. They issued a buy rating and a $16.00 price target for the company. TheStreet downgraded shares of Hostess Brands from a b rating to a f rating in a report on Thursday, July 18th. Morgan Stanley raised their price objective on shares of Hostess Brands from $13.00 to $14.00 and gave the stock an equal weight rating in a report on Wednesday, July 17th. UBS Group raised shares of Hostess Brands from a neutral rating to a buy rating and raised their price objective for the stock from $14.00 to $17.00 in a report on Monday, June 24th. Finally, SunTrust Banks reduced their price objective on shares of Hostess Brands from $17.00 to $16.00 and set a hold rating for the company in a report on Friday, September 20th. One analyst has rated the stock with a sell rating, four have issued a hold rating and five have given a buy rating to the stock. The company has an average rating of Hold and a consensus price target of $15.11.

TWNK stock traded up $0.25 during trading on Thursday, reaching $13.40. The stock had a trading volume of 1,461,300 shares, compared to its average volume of 1,143,874. Hostess Brands has a 1-year low of $10.29 and a 1-year high of $14.86. The firm has a fifty day moving average price of $13.35 and a 200 day moving average price of $13.77. The company has a current ratio of 2.22, a quick ratio of 1.96 and a debt-to-equity ratio of 0.62. The company has a market capitalization of $1.65 billion, a P/E ratio of 24.81 and a beta of 0.52.

Hostess Brands (NASDAQ:TWNK) last posted its earnings results on Wednesday, November 6th. The company reported $0.13 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.12 by $0.01. Hostess Brands had a net margin of 5.89% and a return on equity of 3.82%. The business had revenue of $227.21 million for the quarter, compared to analyst estimates of $212.80 million. During the same period last year, the business posted $0.10 EPS. Hostess Brands’s revenue was up 7.7% compared to the same quarter last year. Sell-side analysts predict that Hostess Brands will post 0.6 EPS for the current year.

In other Hostess Brands news, Director C. Dean Metropoulos sold 455,400 shares of the firm’s stock in a transaction dated Thursday, August 15th. The shares were sold at an average price of $14.00, for a total value of $6,375,600.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Cdm Hostess Class C, Llc sold 962,472 shares of the firm’s stock in a transaction dated Thursday, August 15th. The shares were sold at an average price of $14.00, for a total transaction of $13,474,608.00. The disclosure for this sale can be found here. Company insiders own 24.60% of the company’s stock.

Several large investors have recently modified their holdings of the company. Raymond James Trust N.A. boosted its stake in Hostess Brands by 9.1% during the 3rd quarter. Raymond James Trust N.A. now owns 12,275 shares of the company’s stock worth $172,000 after acquiring an additional 1,021 shares during the last quarter. Nisa Investment Advisors LLC bought a new position in Hostess Brands during the 2nd quarter worth approximately $29,000. Bank of New York Mellon Corp boosted its stake in Hostess Brands by 0.3% during the 2nd quarter. Bank of New York Mellon Corp now owns 667,064 shares of the company’s stock worth $9,633,000 after acquiring an additional 2,198 shares during the last quarter. Cascade Investment Advisors Inc. boosted its stake in Hostess Brands by 312.5% during the 3rd quarter. Cascade Investment Advisors Inc. now owns 3,300 shares of the company’s stock worth $46,000 after acquiring an additional 2,500 shares during the last quarter. Finally, Quantamental Technologies LLC bought a new position in Hostess Brands during the 2nd quarter worth approximately $40,000. Institutional investors own 94.86% of the company’s stock.

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 a range of snack cakes, donuts, sweet rolls, breakfast pastries, snack pies, and related products. The company operates in two segments, Sweet Baked Goods and In-Store Bakery.

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Analyst Recommendations for Hostess Brands (NASDAQ:TWNK)

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