Analysts Set Hostess Brands Inc (TWNK) Target Price at $14.14

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.

Hostess Brands (NASDAQ:TWNK) last posted its quarterly earnings data on Wednesday, February 27th. The company reported $0.17 EPS for the quarter, beating the Zacks’ consensus estimate of $0.14 by $0.03. Hostess Brands had a net margin of 7.40% and a return on equity of 3.65%. The company had revenue of $214.80 million during the quarter, compared to the consensus estimate of $210.94 million. During the same quarter in the prior year, the company posted $0.17 EPS. The company’s quarterly revenue was up 9.5% compared to the same quarter last year. On average, analysts expect 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 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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Analyst Recommendations for Hostess Brands (NASDAQ:TWNK)

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