HOSTESS BRANDS (TWNK) Shares Gap Up to $12.21
HOSTESS BRANDS (NASDAQ:TWNK)’s share price gapped up before the market opened on Friday . The stock had previously closed at $12.43, but opened at $12.21. HOSTESS BRANDS shares last traded at $12.47, with a volume of 891592 shares trading hands.
Several equities analysts have commented on TWNK shares. UBS AG downgraded HOSTESS BRANDS from a “neutral” rating to a “sell” rating and lowered their price target for the company from $16.00 to $11.00 in a report on Friday, October 13th. Zacks Investment Research upgraded HOSTESS BRANDS from a “sell” rating to a “hold” rating in a report on Tuesday, September 19th. Royal Bank Of Canada started coverage on HOSTESS BRANDS in a report on Monday, September 18th. They set an “outperform” rating and a $16.00 price target on the stock. J P Morgan Chase & Co started coverage on HOSTESS BRANDS in a report on Wednesday, October 11th. They set a “neutral” rating and a $15.00 price target on the stock. Finally, Morgan Stanley started coverage on HOSTESS BRANDS in a report on Monday, September 25th. They set an “equal weight” rating and a $14.00 price target on the stock. One analyst has rated the stock with a sell rating, three have assigned a hold rating, four have issued a buy rating and one has assigned a strong buy rating to the company’s stock. The company currently has a consensus rating of “Buy” and a consensus price target of $16.25.
The company has a debt-to-equity ratio of 0.77, a quick ratio of 1.71 and a current ratio of 2.18.
HOSTESS BRANDS (NASDAQ:TWNK) last announced its quarterly earnings data on Wednesday, November 8th. The company reported $0.14 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.13 by $0.01. The business had revenue of $192.30 million for the quarter, compared to the consensus estimate of $198.42 million. HOSTESS BRANDS had a net margin of 2.58% and a return on equity of 1.16%. The company’s revenue was down 2.0% on a year-over-year basis. equities research analysts forecast that HOSTESS BRANDS will post 0.6 EPS for the current year.
Institutional investors have recently made changes to their positions in the company. Schwab Charles Investment Management Inc. grew its stake in shares of HOSTESS BRANDS by 51.8% in the first quarter. Schwab Charles Investment Management Inc. now owns 79,349 shares of the company’s stock worth $1,260,000 after acquiring an additional 27,089 shares during the last quarter. Strs Ohio bought a new position in HOSTESS BRANDS in the second quarter worth $375,000. Goldman Sachs Group Inc. lifted its position in HOSTESS BRANDS by 55.0% in the first quarter. Goldman Sachs Group Inc. now owns 401,300 shares of the company’s stock worth $6,369,000 after purchasing an additional 142,324 shares during the period. Teachers Retirement System of The State of Kentucky bought a new position in HOSTESS BRANDS in the first quarter worth $698,000. Finally, Morgan Stanley lifted its position in HOSTESS BRANDS by 34.8% in the first quarter. Morgan Stanley now owns 80,034 shares of the company’s stock worth $1,270,000 after purchasing an additional 20,653 shares during the period. Institutional investors and hedge funds own 76.17% of the company’s stock.
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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