Shares of Hostess Brands, Inc. (NASDAQ:TWNK) have earned a consensus rating of “Hold” from the ten research firms that are covering the firm, MarketBeat reports. Two analysts have rated the stock with a sell rating, three have assigned a hold rating and four have given a buy rating to the company. The average 1-year price objective among brokers that have issued a report on the stock in the last year is $16.43.
Several brokerages have recently issued reports on TWNK. Royal Bank of Canada restated a “buy” rating and set a $18.00 target price on shares of Hostess Brands in a research report on Friday, December 22nd. Zacks Investment Research upgraded shares of Hostess Brands from a “hold” rating to a “buy” rating and set a $16.00 target price on the stock in a research report on Saturday, January 20th. SunTrust Banks upped their target price on shares of Hostess Brands to $20.00 and gave the company a “buy” rating in a research report on Monday, December 18th. They noted that the move was a valuation call. BidaskClub cut shares of Hostess Brands from a “hold” rating to a “sell” rating in a research report on Friday, January 19th. Finally, TheStreet upgraded shares of Hostess Brands from a “c” rating to a “b-” rating in a research report on Thursday, February 8th.
Shares of Hostess Brands (NASDAQ TWNK) traded up $0.24 during midday trading on Wednesday, hitting $12.56. 831,689 shares of the stock traded hands, compared to its average volume of 1,018,383. The company has a debt-to-equity ratio of 0.77, a quick ratio of 1.88 and a current ratio of 2.18. Hostess Brands has a 52-week low of $11.00 and a 52-week high of $17.18.
In other news, CEO William Douglas Toler purchased 50,000 shares of the business’s stock in a transaction that occurred on Friday, November 24th. The shares were bought at an average cost of $12.88 per share, for a total transaction of $644,000.00. Following the acquisition, the chief executive officer now owns 250,000 shares of the company’s stock, valued at approximately $3,220,000. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Neil P. Defeo purchased 10,000 shares of the business’s stock in a transaction that occurred on Friday, November 24th. The shares were purchased at an average price of $12.96 per share, for a total transaction of $129,600.00. Following the completion of the acquisition, the director now directly owns 16,482 shares in the company, valued at approximately $213,606.72. The disclosure for this purchase can be found here. Corporate insiders own 25.50% of the company’s stock.
A number of large investors have recently modified their holdings of TWNK. Janus Henderson Group PLC grew its stake in Hostess Brands by 31.3% in the 3rd quarter. Janus Henderson Group PLC now owns 9,704,630 shares of the company’s stock worth $132,565,000 after acquiring an additional 2,316,041 shares in the last quarter. Vanguard Group Inc. grew its stake in Hostess Brands by 56.9% in the 2nd quarter. Vanguard Group Inc. now owns 6,695,119 shares of the company’s stock worth $107,791,000 after acquiring an additional 2,428,469 shares in the last quarter. BlackRock Inc. grew its stake in Hostess Brands by 2.1% in the 4th quarter. BlackRock Inc. now owns 5,143,867 shares of the company’s stock worth $76,181,000 after acquiring an additional 106,348 shares in the last quarter. River Road Asset Management LLC bought a new position in Hostess Brands in the 4th quarter worth about $38,266,000. Finally, Westwood Holdings Group Inc. grew its stake in Hostess Brands by 2.9% in the 4th quarter. Westwood Holdings Group Inc. now owns 2,429,017 shares of the company’s stock worth $35,974,000 after acquiring an additional 69,315 shares in the last quarter. Institutional investors own 76.18% of the company’s stock.
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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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