Hostess Brands, Inc. (NASDAQ:TWNK) Receives $17.25 Average PT from Analysts

Shares of Hostess Brands, Inc. (NASDAQ:TWNK) have been given an average rating of “Hold” by the six brokerages that are currently covering the stock, MarketBeat.com reports. Three equities research analysts have rated the stock with a hold rating and two have issued a buy rating on the company. The average 1 year price target among brokerages that have issued a report on the stock in the last year is $17.00.

A number of equities analysts recently commented on TWNK shares. Zacks Investment Research lowered Hostess Brands from a “buy” rating to a “hold” rating in a research note on Tuesday, August 3rd. Stephens started coverage on Hostess Brands in a research note on Tuesday, May 18th. They set an “overweight” rating and a $18.00 price target for the company. Jefferies Financial Group reissued a “buy” rating on shares of Hostess Brands in a research note on Monday. Finally, Morgan Stanley upped their price objective on Hostess Brands from $15.00 to $16.00 and gave the company an “equal weight” rating in a research report on Thursday, August 5th.

Hostess Brands stock traded up $0.02 during mid-day trading on Tuesday, reaching $16.07. 701,662 shares of the stock traded hands, compared to its average volume of 1,362,086. The stock has a market capitalization of $2.09 billion, a PE ratio of 21.15 and a beta of 0.72. The company has a debt-to-equity ratio of 0.66, a current ratio of 2.34 and a quick ratio of 2.05. Hostess Brands has a 12-month low of $11.96 and a 12-month high of $17.23. The business’s 50-day moving average is $16.02 and its 200-day moving average is $15.61.

Hostess Brands (NASDAQ:TWNK) last posted its quarterly earnings data on Tuesday, August 3rd. The company reported $0.23 EPS for the quarter, beating analysts’ consensus estimates of $0.22 by $0.01. The company had revenue of $291.49 million during the quarter, compared to analysts’ expectations of $274.80 million. Hostess Brands had a return on equity of 6.73% and a net margin of 9.57%. Hostess Brands’s revenue for the quarter was up 13.8% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.22 earnings per share. Equities analysts anticipate that Hostess Brands will post 0.85 EPS for the current fiscal year.

Several institutional investors have recently bought and sold shares of TWNK. Dimensional Fund Advisors LP boosted its position in shares of Hostess Brands by 0.4% in the 4th quarter. Dimensional Fund Advisors LP now owns 7,665,265 shares of the company’s stock worth $112,219,000 after purchasing an additional 30,024 shares in the last quarter. Janney Montgomery Scott LLC purchased a new position in Hostess Brands in the 1st quarter worth $263,000. CapWealth Advisors LLC raised its stake in Hostess Brands by 3.7% in the 1st quarter. CapWealth Advisors LLC now owns 169,390 shares of the company’s stock worth $2,429,000 after acquiring an additional 6,060 shares during the last quarter. Dean Investment Associates LLC raised its stake in Hostess Brands by 68.6% in the 1st quarter. Dean Investment Associates LLC now owns 142,057 shares of the company’s stock worth $2,037,000 after acquiring an additional 57,779 shares during the last quarter. Finally, M&T Bank Corp raised its stake in Hostess Brands by 7.6% in the 1st quarter. M&T Bank Corp now owns 61,980 shares of the company’s stock worth $889,000 after acquiring an additional 4,387 shares during the last quarter.

About Hostess Brands

Hostess Brands, Inc engages in developing, manufacturing, marketing, selling and distributing baked goods. It operates through Snacking segment, which consists of sweet baked goods, cookies, bread and buns, and frozen retail products that are sold under the Hostess �, Dolly Madison �, Cloverhill �, Big Texas �, and Voortman � brands.

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