Hostess Brands (NASDAQ:TWNK) Lifted to Sell at BidaskClub

BidaskClub upgraded shares of Hostess Brands (NASDAQ:TWNK) from a strong sell rating to a sell rating in a research note issued to investors on Saturday, November 9th, BidAskClub reports.

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Several other analysts have also recently weighed in on TWNK. TheStreet cut shares of Hostess Brands from a b rating to a f rating in a research note on Thursday, July 18th. Zacks Investment Research cut shares of Hostess Brands from a buy rating to a hold rating in a research note on Wednesday, September 18th. Morgan Stanley upped their price objective on shares of Hostess Brands from $13.00 to $14.00 and gave the stock an equal weight rating in a research note on Wednesday, July 17th. Finally, SunTrust Banks decreased their price target on shares of Hostess Brands from $17.00 to $16.00 and set a hold rating on the stock in a research note on Friday, September 20th. One research analyst has rated the stock with a sell rating, three have issued a hold rating and five have issued a buy rating to the company’s stock. The company currently has a consensus rating of Hold and a consensus target price of $15.50.

NASDAQ:TWNK traded down $0.05 during mid-day trading on Friday, reaching $13.41. The stock had a trading volume of 503,000 shares, compared to its average volume of 1,220,430. Hostess Brands has a 1-year low of $10.29 and a 1-year high of $14.86. The company has a debt-to-equity ratio of 0.62, a current ratio of 2.73 and a quick ratio of 2.49. The company has a market capitalization of $1.76 billion, a price-to-earnings ratio of 24.83 and a beta of 0.52. The stock’s 50 day simple moving average is $13.28 and its two-hundred day simple moving average is $13.77.

Hostess Brands (NASDAQ:TWNK) last posted its quarterly earnings results on Wednesday, November 6th. The company reported $0.13 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.12 by $0.01. Hostess Brands had a net margin of 5.88% and a return on equity of 4.19%. The firm had revenue of $227.21 million during the quarter, compared to analyst estimates of $212.80 million. During the same quarter in the prior year, the business posted $0.10 earnings per share. The company’s quarterly revenue was up 7.7% compared to the same quarter last year. Sell-side analysts anticipate that Hostess Brands will post 0.61 EPS for the current fiscal year.

A number of hedge funds and other institutional investors have recently made changes to their positions in TWNK. Diversified Trust Co lifted its holdings in Hostess Brands by 13.4% in the second quarter. Diversified Trust Co now owns 33,875 shares of the company’s stock valued at $489,000 after buying an additional 4,000 shares during the period. CENTRAL TRUST Co acquired a new stake in Hostess Brands in the second quarter worth $51,000. Nisa Investment Advisors LLC acquired a new stake in Hostess Brands in the second quarter worth $29,000. Raymond James Trust N.A. acquired a new stake in Hostess Brands in the second quarter worth $163,000. Finally, Bessemer Group Inc. raised its holdings in Hostess Brands by 108.1% in the second quarter. Bessemer Group Inc. now owns 144,200 shares of the company’s stock worth $2,082,000 after purchasing an additional 74,900 shares during the period. Institutional investors and hedge funds own 96.63% 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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Analyst Recommendations for Hostess Brands (NASDAQ:TWNK)

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