Hostess Brands (TWNK) Getting Somewhat Favorable Press Coverage, Report Finds
Media stories about Hostess Brands (NASDAQ:TWNK) have been trending somewhat positive this week, according to Accern Sentiment. Accern scores the sentiment of media coverage by reviewing more than 20 million news and blog sources. Accern ranks coverage of companies on a scale of negative one to positive one, with scores closest to one being the most favorable. Hostess Brands earned a news impact score of 0.11 on Accern’s scale. Accern also assigned news coverage about the company an impact score of 47.0137905275797 out of 100, meaning that recent media coverage is somewhat unlikely to have an effect on the company’s share price in the near term.
Hostess Brands (NASDAQ:TWNK) traded down 1.34% during mid-day trading on Wednesday, hitting $13.29. 741,436 shares of the stock were exchanged. Hostess Brands has a 52 week low of $10.65 and a 52 week high of $17.18. The company’s 50-day moving average price is $14.87 and its 200 day moving average price is $15.65. The firm’s market capitalization is $1.33 billion.
Hostess Brands (NASDAQ:TWNK) last issued its quarterly earnings data on Tuesday, August 8th. The company reported $0.18 earnings per share for the quarter, missing the consensus estimate of $0.19 by $0.01. The firm had revenue of $203.18 million for the quarter, compared to analyst estimates of $205.41 million. Equities research analysts expect that Hostess Brands will post $0.59 EPS for the current year.
Several analysts have issued reports on TWNK shares. Deutsche Bank AG set a $19.00 price target on shares of Hostess Brands and gave the company a “buy” rating in a research report on Wednesday, May 10th. Stephens started coverage on shares of Hostess Brands in a research report on Tuesday, May 16th. They set an “overweight” rating and a $20.00 price target for the company. Zacks Investment Research lowered shares of Hostess Brands from a “hold” rating to a “sell” rating in a research report on Wednesday, May 17th. BidaskClub upgraded shares of Hostess Brands from a “hold” rating to a “buy” rating in a research report on Friday, June 9th. Finally, UBS AG started coverage on shares of Hostess Brands in a research report on Monday, July 31st. They set a “neutral” rating and a $16.00 price target for the company. Two analysts have rated the stock with a hold rating, four have issued a buy rating and one has given a strong buy rating to the stock. The stock presently has an average rating of “Buy” and a consensus target price of $17.83.
In related news, insider Michael John Cramer acquired 5,000 shares of Hostess Brands stock in a transaction dated Friday, August 11th. The stock was acquired at an average price of $13.98 per share, for a total transaction of $69,900.00. The acquisition was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, CEO William Douglas Toler acquired 75,000 shares of Hostess Brands stock in a transaction dated Friday, August 11th. The shares were bought at an average price of $13.86 per share, with a total value of $1,039,500.00. Following the transaction, the chief executive officer now directly owns 560,000 shares in the company, valued at approximately $7,761,600. The disclosure for this purchase can be found here. 25.50% of the stock is currently owned by insiders.
About Hostess Brands
Hostess Brands, Inc, a packaged food company, focuses on developing, manufacturing, marketing, selling, and distributing fresh sweet baked goods in the United States. The company operates in two segments, Sweet Baked Goods and Other. Its principal product lines include Twinkies, Zingers, Donettes, coffee cakes, cupcakes, cinnamon rolls, Ding Dongs, honey buns, fruit pies, Sno Balls, mini muffins, Chocodiles, Ho Hos, brownies, Suzy Qs, bread and buns, danishes, jumbo muffins, iced cookies, eclairs, and madeleines.
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