Shares of Hostess Brands Inc (NASDAQ:TWNK) have received a consensus recommendation of “Buy” from the twelve analysts that are covering the stock, Marketbeat.com reports. Five investment analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. The average 1 year price objective among brokerages that have issued ratings on the stock in the last year is $14.14.
A number of research analysts have recently commented on TWNK shares. BidaskClub downgraded shares of Hostess Brands from a “buy” rating to a “hold” rating in a research note on Friday, January 25th. Zacks Investment Research raised shares of Hostess Brands from a “sell” rating to a “hold” rating in a research note on Friday, February 8th. TheStreet raised shares of Hostess Brands from a “c+” rating to a “b-” rating in a research note on Monday, March 4th. Finally, Deutsche Bank raised shares of Hostess Brands from a “hold” rating to a “buy” rating and upped their price objective for the company from $12.00 to $15.00 in a research note on Tuesday, April 2nd.
NASDAQ TWNK opened at $12.98 on Tuesday. Hostess Brands has a 12 month low of $9.86 and a 12 month high of $14.88. The company has a debt-to-equity ratio of 0.63, a current ratio of 2.12 and a quick ratio of 1.85. The stock has a market cap of $1.70 billion, a PE ratio of 24.04 and a beta of 0.51.
In other news, insider Hostess Cdm Co-Invest, Llc sold 1,174,376 shares of the business’s stock in a transaction dated Wednesday, April 3rd. The stock was sold at an average price of $12.96, for a total transaction of $15,219,912.96. Following the completion of the sale, the insider now owns 765,059 shares in the company, valued at approximately $9,915,164.64. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. 24.60% of the stock is currently owned by insiders.
Large investors have recently modified their holdings of the company. Quantamental Technologies LLC purchased a new stake in shares of Hostess Brands during the 4th quarter worth about $36,000. PNC Financial Services Group Inc. boosted its holdings in Hostess Brands by 63.7% in the 4th quarter. PNC Financial Services Group Inc. now owns 6,371 shares of the company’s stock worth $70,000 after acquiring an additional 2,479 shares during the period. O Brien Greene & Co. Inc purchased a new position in Hostess Brands in the 4th quarter worth approximately $109,000. Mackenzie Financial Corp purchased a new position in Hostess Brands in the 4th quarter worth approximately $118,000. Finally, Great West Life Assurance Co. Can boosted its holdings in Hostess Brands by 132.2% in the 4th quarter. Great West Life Assurance Co. Can now owns 11,145 shares of the company’s stock worth $118,000 after acquiring an additional 6,345 shares during the period. Institutional investors and hedge funds own 84.10% 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 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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