Hostess Brands (TWNK) Given Overweight Rating at JPMorgan Chase & Co.

Hostess Brands (NASDAQ:TWNK)‘s stock had its “overweight” rating restated by stock analysts at JPMorgan Chase & Co. in a research report issued to clients and investors on Thursday, Briefing.com Automated Import reports. They presently have a $14.00 target price on the stock. JPMorgan Chase & Co.‘s price objective indicates a potential upside of 0.57% from the stock’s previous close.

TWNK has been the topic of a number of other reports. BidaskClub upgraded Hostess Brands from a “hold” rating to a “buy” rating in a research report on Thursday, January 17th. Zacks Investment Research upgraded Hostess Brands from a “sell” rating to a “hold” rating in a research report on Friday, February 8th. Deutsche Bank upgraded Hostess Brands from a “hold” rating to a “buy” rating and increased their price objective for the company from $12.00 to $15.00 in a research report on Tuesday, April 2nd. Finally, TheStreet upgraded Hostess Brands from a “c+” rating to a “b-” rating in a research report on Monday, March 4th. Five investment analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. The company has an average rating of “Buy” and an average target price of $14.43.

NASDAQ TWNK opened at $13.92 on Thursday. The company has a market cap of $1.68 billion, a P/E ratio of 25.78 and a beta of 0.55. The company has a debt-to-equity ratio of 0.63, a quick ratio of 1.85 and a current ratio of 2.12. Hostess Brands has a one year low of $9.86 and a one year high of $14.70.

Hostess Brands (NASDAQ:TWNK) last announced its quarterly earnings data on Wednesday, May 8th. The company reported $0.14 EPS for the quarter, meeting the Zacks’ consensus estimate of $0.14. The firm had revenue of $222.74 million for the quarter, compared to analyst estimates of $210.90 million. Hostess Brands had a return on equity of 3.65% and a net margin of 7.40%. Analysts forecast that Hostess Brands will post 0.63 earnings per share for the current fiscal year.

In other news, insider Hostess Cdm Co-Invest, Llc sold 1,174,376 shares of the stock in a transaction on Wednesday, April 3rd. The stock was sold at an average price of $12.96, for a total value of $15,219,912.96. Following the transaction, the insider now owns 765,059 shares of the company’s stock, valued at approximately $9,915,164.64. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Corporate insiders own 24.60% of the company’s stock.

Hedge funds have recently bought and sold shares of the company. Vanguard Group Inc. lifted its stake in shares of Hostess Brands by 5.5% in the 3rd quarter. Vanguard Group Inc. now owns 8,190,752 shares of the company’s stock valued at $90,671,000 after purchasing an additional 428,147 shares during the period. Geode Capital Management LLC lifted its stake in shares of Hostess Brands by 16.5% in the 4th quarter. Geode Capital Management LLC now owns 1,145,342 shares of the company’s stock valued at $12,530,000 after purchasing an additional 162,039 shares during the period. JPMorgan Chase & Co. lifted its stake in shares of Hostess Brands by 51.8% in the 3rd quarter. JPMorgan Chase & Co. now owns 129,308 shares of the company’s stock valued at $1,432,000 after purchasing an additional 44,106 shares during the period. Rothschild & Co. Asset Management US Inc. lifted its stake in shares of Hostess Brands by 0.7% in the 4th quarter. Rothschild & Co. Asset Management US Inc. now owns 1,955,010 shares of the company’s stock valued at $21,388,000 after purchasing an additional 14,198 shares during the period. Finally, Federated Investors Inc. PA lifted its stake in shares of Hostess Brands by 4.0% in the 3rd quarter. Federated Investors Inc. PA now owns 497,587 shares of the company’s stock valued at $5,508,000 after purchasing an additional 19,358 shares during the period. 83.86% of the stock is currently owned by institutional investors.

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 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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