Hostess Brands (NASDAQ:TWNK) had its price target lifted by SunTrust Banks to $20.00 in a report published on Monday, The Fly reports. SunTrust Banks currently has a buy rating on the stock. The analysts noted that the move was a valuation call.

TWNK has been the topic of several other research reports. Zacks Investment Research upgraded shares of Hostess Brands from a sell rating to a hold rating in a report on Wednesday, October 25th. UBS cut shares of Hostess Brands from a neutral rating to a sell rating and dropped their target price for the stock from $16.00 to $11.00 in a report on Friday, October 13th. Royal Bank of Canada started coverage on shares of Hostess Brands in a report on Monday, September 18th. They issued an outperform rating and a $16.00 target price on the stock. J P Morgan Chase & Co started coverage on shares of Hostess Brands in a report on Wednesday, October 11th. They issued a neutral rating and a $15.00 target price on the stock. Finally, Morgan Stanley started coverage on shares of Hostess Brands in a report on Monday, September 25th. They issued an equal weight rating and a $14.00 target price on the stock. One investment analyst has rated the stock with a sell rating, three have given a hold rating, five have assigned a buy rating and one has given a strong buy rating to the company’s stock. Hostess Brands has an average rating of Buy and an average price target of $16.67.

Shares of Hostess Brands (NASDAQ:TWNK) opened at $14.98 on Monday. Hostess Brands has a 1 year low of $11.00 and a 1 year high of $17.18. The company has a current ratio of 2.18, a quick ratio of 1.88 and a debt-to-equity ratio of 0.77.

Hostess Brands (NASDAQ:TWNK) last issued its earnings results on Wednesday, November 8th. The company reported $0.14 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.13 by $0.01. Hostess Brands had a net margin of 2.58% and a return on equity of 1.16%. The company had revenue of $192.30 million for the quarter, compared to analysts’ expectations of $198.42 million. The company’s quarterly revenue was down 2.0% compared to the same quarter last year. analysts forecast that Hostess Brands will post 0.6 earnings per share for the current fiscal year.

In other Hostess Brands news, Director Neil P. Defeo purchased 10,000 shares of the company’s stock in a transaction dated Friday, November 24th. The shares were acquired at an average price of $12.96 per share, for a total transaction of $129,600.00. Following the purchase, the director now directly owns 16,482 shares of the company’s stock, valued at approximately $213,606.72. The acquisition was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, CEO William Douglas Toler purchased 50,000 shares of the company’s stock in a transaction dated Friday, November 24th. The shares were acquired at an average price of $12.88 per share, for a total transaction of $644,000.00. Following the purchase, the chief executive officer now directly owns 250,000 shares in the company, valued at $3,220,000. The disclosure for this purchase can be found here. Company insiders own 25.50% of the company’s stock.

Institutional investors have recently modified their holdings of the company. Ameritas Investment Partners Inc. purchased a new position in shares of Hostess Brands during the 2nd quarter worth $113,000. Segall Bryant & Hamill LLC purchased a new position in shares of Hostess Brands during the 3rd quarter worth $150,000. BNP Paribas Arbitrage SA boosted its stake in shares of Hostess Brands by 896.1% during the 2nd quarter. BNP Paribas Arbitrage SA now owns 9,881 shares of the company’s stock worth $159,000 after acquiring an additional 8,889 shares during the last quarter. JPMorgan Chase & Co. boosted its stake in shares of Hostess Brands by 340.8% during the 3rd quarter. JPMorgan Chase & Co. now owns 11,782 shares of the company’s stock worth $161,000 after acquiring an additional 9,109 shares during the last quarter. Finally, Cipher Capital LP purchased a new position in shares of Hostess Brands during the 3rd quarter worth $167,000. Institutional investors and hedge funds own 78.60% of the company’s stock.

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Hostess Brands Company Profile

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.

The Fly

Analyst Recommendations for Hostess Brands (NASDAQ:TWNK)

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