Zacks Investment Research upgraded shares of Hostess Brands (NASDAQ:TWNK) from a hold rating to a buy rating in a research note published on Tuesday, Zacks.com reports. The brokerage currently has $16.00 target price on the stock.

According to Zacks, “Hostess Brands, Inc. is involved in developing, manufacturing, marketing, selling and distributing sweet goods primarily in the United States. The company produces new and classic treats which includes Ding Dongs, Ho Hos, Donettes, Fruit Pies as well as Twinkies and CupCakes. Hostess Brands, Inc. is based in Kansas City, Missouri. “

A number of other equities research analysts have also recently commented on the stock. JPMorgan Chase & Co. reissued an overweight rating on shares of Hostess Brands in a research note on Tuesday, December 3rd. Morgan Stanley upped their target price on shares of Hostess Brands from $14.00 to $15.00 and gave the company an equal weight rating in a report on Tuesday, December 3rd. BidaskClub upgraded shares of Hostess Brands from a strong sell rating to a sell rating in a report on Saturday, November 9th. Finally, SunTrust Banks reduced their target price on shares of Hostess Brands from $17.00 to $16.00 and set a hold rating on the stock in a report on Friday, September 20th. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating and four have assigned a buy rating to the stock. The stock currently has an average rating of Hold and a consensus price target of $15.75.

Shares of NASDAQ TWNK opened at $14.03 on Tuesday. The stock has a market cap of $1.83 billion, a price-to-earnings ratio of 25.98 and a beta of 0.54. Hostess Brands has a 52 week low of $10.29 and a 52 week high of $14.86. The company’s 50-day moving average price is $13.39 and its 200 day moving average price is $13.81. The company has a current ratio of 2.73, a quick ratio of 2.49 and a debt-to-equity ratio of 0.62.

Hostess Brands (NASDAQ:TWNK) last issued its quarterly earnings data on Wednesday, November 6th. The company reported $0.13 EPS for the quarter, beating the Zacks’ consensus estimate of $0.12 by $0.01. The firm had revenue of $227.21 million for the quarter, compared to analysts’ expectations of $212.80 million. Hostess Brands had a net margin of 5.88% and a return on equity of 4.19%. The firm’s revenue was up 7.7% on a year-over-year basis. During the same period in the prior year, the company earned $0.10 EPS. As a group, research analysts expect that Hostess Brands will post 0.6 earnings per share for the current year.

Several hedge funds have recently made changes to their positions in the company. Raymond James Trust N.A. lifted its holdings in shares of 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 period. Castleark Management LLC raised its holdings in Hostess Brands by 0.7% in the third quarter. Castleark Management LLC now owns 231,400 shares of the company’s stock valued at $3,236,000 after buying an additional 1,515 shares during the period. Bank of New York Mellon Corp raised its holdings in Hostess Brands by 0.3% in the second quarter. Bank of New York Mellon Corp now owns 667,064 shares of the company’s stock valued at $9,633,000 after buying an additional 2,198 shares during the period. Cascade Investment Advisors Inc. raised its holdings in Hostess Brands by 312.5% in the third quarter. Cascade Investment Advisors Inc. now owns 3,300 shares of the company’s stock valued at $46,000 after buying an additional 2,500 shares during the period. Finally, Quantamental Technologies LLC purchased a new position in Hostess Brands in the second quarter valued at approximately $40,000.

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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