Hostess Brands (NASDAQ:TWNK) Upgraded to “Buy” by BidaskClub
Other equities research analysts have also recently issued research reports about the company. Zacks Investment Research upgraded Hostess Brands from a hold rating to a buy rating and set a $16.00 target price on the stock in a research note on Saturday, September 14th. Morgan Stanley boosted their price target on Hostess Brands from $13.00 to $14.00 and gave the stock an equal weight rating in a research report on Wednesday, July 17th. DA Davidson assumed coverage on Hostess Brands in a research report on Wednesday, June 19th. They set a buy rating and a $16.00 price target on the stock. SunTrust Banks reissued a hold rating and set a $17.00 target price on shares of Hostess Brands in a report on Thursday, August 8th. Finally, TheStreet lowered Hostess Brands from a b rating to a f rating in a report on Thursday, July 18th. Five equities research analysts have rated the stock with a hold rating and six have given a buy rating to the stock. Hostess Brands currently has a consensus rating of Buy and a consensus target price of $14.80.
NASDAQ TWNK opened at $14.05 on Wednesday. The stock has a market capitalization of $1.85 billion, a price-to-earnings ratio of 24.52 and a beta of 0.55. The stock’s 50 day moving average price is $14.07 and its two-hundred day moving average price is $13.53. The company has a debt-to-equity ratio of 0.62, a quick ratio of 1.96 and a current ratio of 2.22. Hostess Brands has a 52 week low of $9.86 and a 52 week high of $14.86.
In other news, Director C. Dean Metropoulos sold 455,400 shares of the company’s stock in a transaction on Thursday, August 15th. The stock was sold at an average price of $14.00, for a total transaction of $6,375,600.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Cdm Hostess Class C, Llc sold 962,472 shares of the company’s stock in a transaction on Thursday, August 15th. The shares were sold at an average price of $14.00, for a total value of $13,474,608.00. The disclosure for this sale can be found here. Corporate insiders own 24.60% of the company’s stock.
Several large investors have recently added to or reduced their stakes in the company. Diversified Trust Co lifted its position in shares of Hostess Brands by 5.3% during the 1st quarter. Diversified Trust Co now owns 29,875 shares of the company’s stock worth $373,000 after buying an additional 1,500 shares during the last quarter. Nisa Investment Advisors LLC bought a new stake in shares of Hostess Brands during the 2nd quarter worth $29,000. Bank of New York Mellon Corp lifted its position in shares of 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 buying an additional 2,198 shares during the last quarter. Quantamental Technologies LLC bought a new stake in shares of Hostess Brands during the 2nd quarter worth $40,000. Finally, Parametric Portfolio Associates LLC lifted its position in shares of Hostess Brands by 0.3% during the 2nd quarter. Parametric Portfolio Associates LLC now owns 932,736 shares of the company’s stock worth $13,469,000 after buying an additional 3,139 shares during the last quarter. Hedge funds and other institutional investors own 94.30% 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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