Several other analysts also recently commented on the company. TheStreet raised Hostess Brands from a c rating to a b- rating in a research note on Thursday, February 8th. BidaskClub downgraded Hostess Brands from a sell rating to a strong sell rating in a research note on Saturday, February 3rd. Morgan Stanley set a $14.00 price target on Hostess Brands and gave the company a hold rating in a research note on Thursday, March 1st. UBS Group upgraded Hostess Brands from a sell rating to a neutral rating in a report on Monday, April 23rd. Finally, Zacks Investment Research cut Hostess Brands from a buy rating to a hold rating in a report on Thursday, January 25th. Six equities research analysts have rated the stock with a hold rating and five have given a buy rating to the company. The company presently has a consensus rating of Hold and a consensus target price of $15.67.
Hostess Brands stock traded down $0.01 during trading hours on Monday, hitting $13.38. The stock had a trading volume of 556,400 shares, compared to its average volume of 932,059. The company has a quick ratio of 1.64, a current ratio of 1.94 and a debt-to-equity ratio of 0.66. The stock has a market cap of $1.76 billion, a price-to-earnings ratio of 21.14 and a beta of 0.18. Hostess Brands has a fifty-two week low of $11.00 and a fifty-two week high of $16.66.
Hostess Brands (NASDAQ:TWNK) last announced its quarterly earnings data on Wednesday, May 9th. The company reported $0.14 EPS for the quarter, meeting the Zacks’ consensus estimate of $0.14. The firm had revenue of $208.74 million for the quarter, compared to analyst estimates of $200.77 million. Hostess Brands had a return on equity of 4.37% and a net margin of 28.97%. The business’s quarterly revenue was up 13.1% compared to the same quarter last year. During the same period last year, the company earned $0.15 EPS. analysts expect that Hostess Brands will post 0.69 earnings per share for the current fiscal year.
Several large investors have recently modified their holdings of TWNK. Suntrust Banks Inc. acquired a new stake in shares of Hostess Brands in the first quarter valued at approximately $404,000. Xact Kapitalforvaltning AB raised its position in shares of Hostess Brands by 55.8% in the first quarter. Xact Kapitalforvaltning AB now owns 17,600 shares of the company’s stock valued at $260,000 after buying an additional 6,300 shares in the last quarter. Legal & General Group Plc raised its position in shares of Hostess Brands by 17.2% in the first quarter. Legal & General Group Plc now owns 35,214 shares of the company’s stock valued at $521,000 after buying an additional 5,161 shares in the last quarter. Kenmare Capital Partners L.L.C. raised its position in shares of Hostess Brands by 153.9% in the first quarter. Kenmare Capital Partners L.L.C. now owns 315,541 shares of the company’s stock valued at $4,667,000 after buying an additional 191,259 shares in the last quarter. Finally, Millennium Management LLC acquired a new stake in shares of Hostess Brands in the first quarter valued at approximately $2,172,000. Institutional investors own 84.49% of the company’s stock.
About Hostess Brands
Hostess Brands, Inc, a packaged food company, develops, manufactures, markets, sells, and distributes fresh sweet baked goods in the United States. It primarily offer coffee cakes, cinnamon rolls, honey buns, brownies, bread and buns, jumbo muffins, and eclairs under the Twinkies, CupCakes, Ding Dongs, Zingers, HoHos, Donettes, Dolly Madison, and Superior on Main brands.
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