Hostess Brands’ (TWNK) Hold Rating Reiterated at SunTrust Banks

Hostess Brands (NASDAQ:TWNK)‘s stock had its “hold” rating reaffirmed by equities researchers at SunTrust Banks in a research report issued on Thursday, TipRanks reports. They presently have a $14.00 target price on the stock. SunTrust Banks’ price objective suggests a potential upside of 11.02% from the company’s previous close.

A number of other research firms also recently commented on TWNK. Zacks Investment Research upgraded shares of Hostess Brands from a “hold” rating to a “buy” rating and set a $16.00 price target on the stock in a research report on Friday, January 10th. BidaskClub upgraded shares of Hostess Brands from a “strong sell” rating to a “sell” rating in a research report on Wednesday. ValuEngine upgraded shares of Hostess Brands from a “sell” rating to a “hold” rating in a research report on Friday, February 21st. Jefferies Financial Group restated a “buy” rating and set a $17.00 price target on shares of Hostess Brands in a research report on Thursday. Finally, Deutsche Bank initiated coverage on shares of Hostess Brands in a research report on Wednesday, December 11th. They set a “hold” rating and a $16.00 price target on the stock. One research analyst has rated the stock with a sell rating, four have given a hold rating and six have issued a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and an average target price of $15.67.

TWNK stock opened at $12.61 on Thursday. Hostess Brands has a 52 week low of $11.38 and a 52 week high of $14.86. The company has a market capitalization of $1.73 billion, a price-to-earnings ratio of 25.22 and a beta of 0.58. The firm’s 50-day moving average is $13.54 and its two-hundred day moving average is $13.72. The company has a current ratio of 2.73, a quick ratio of 2.49 and a debt-to-equity ratio of 0.62.

Hostess Brands (NASDAQ:TWNK) last released its quarterly earnings results on Wednesday, February 26th. The company reported $0.16 EPS for the quarter, hitting analysts’ consensus estimates of $0.16. Hostess Brands had a net margin of 5.88% and a return on equity of 4.19%. The company had revenue of $216.67 million for the quarter, compared to the consensus estimate of $213.66 million. On average, equities research analysts predict that Hostess Brands will post 0.61 earnings per share for the current year.

In other news, insider Hostess Cdm Co-Invest, Llc sold 133,284 shares of Hostess Brands stock in a transaction that occurred on Friday, December 20th. The shares were sold at an average price of $14.55, for a total value of $1,939,282.20. Following the transaction, the insider now owns 133,284 shares of the company’s stock, valued at approximately $1,939,282.20. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders sold a total of 1,307,348 shares of company stock worth $18,533,779 in the last ninety days. Corporate insiders own 24.60% of the company’s stock.

Several institutional investors and hedge funds have recently made changes to their positions in TWNK. PNC Financial Services Group Inc. increased its position in shares of Hostess Brands by 8.1% in the fourth quarter. PNC Financial Services Group Inc. now owns 12,671 shares of the company’s stock worth $185,000 after acquiring an additional 946 shares in the last quarter. Raymond James Trust N.A. increased its position in shares of Hostess Brands by 9.1% in the third quarter. Raymond James Trust N.A. now owns 12,275 shares of the company’s stock worth $172,000 after acquiring an additional 1,021 shares in the last quarter. Castleark Management LLC increased its position in shares of Hostess Brands by 0.7% in the third quarter. Castleark Management LLC now owns 231,400 shares of the company’s stock worth $3,236,000 after acquiring an additional 1,515 shares in the last quarter. Valeo Financial Advisors LLC purchased a new position in shares of Hostess Brands in the fourth quarter worth approximately $29,000. Finally, ProShare Advisors LLC increased its position in shares of Hostess Brands by 19.0% in the fourth quarter. ProShare Advisors LLC now owns 16,202 shares of the company’s stock worth $236,000 after acquiring an additional 2,588 shares in the last quarter.

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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