Hostess Brands, Inc. (NASDAQ:TWNK) Receives Consensus Rating of “Hold” from Analysts

Shares of Hostess Brands, Inc. (NASDAQ:TWNK) have been given an average recommendation of “Hold” by the ten research firms that are presently covering the firm, MarketBeat reports. Nine equities research analysts have rated the stock with a hold rating and one has assigned a buy rating to the company. The average twelve-month target price among brokerages that have issued a report on the stock in the last year is $29.03.

Several brokerages recently weighed in on TWNK. Stephens lowered Hostess Brands from an “overweight” rating to an “equal weight” rating in a research report on Tuesday, September 12th. TD Cowen started coverage on Hostess Brands in a report on Wednesday, September 13th. They issued a “market perform” rating and a $34.00 price target for the company. StockNews.com downgraded Hostess Brands from a “hold” rating to a “sell” rating in a report on Tuesday, September 12th. Jefferies Financial Group downgraded Hostess Brands from a “buy” rating to a “hold” rating and increased their price target for the company from $30.00 to $34.00 in a report on Thursday, September 14th. Finally, Deutsche Bank Aktiengesellschaft lowered their price target on Hostess Brands from $25.00 to $24.00 and set a “hold” rating for the company in a report on Wednesday, August 9th.

Hedge Funds Weigh In On Hostess Brands

A number of hedge funds have recently bought and sold shares of TWNK. UMB Bank n.a. acquired a new position in Hostess Brands in the first quarter worth about $28,000. Point72 Asset Management L.P. acquired a new position in Hostess Brands in the fourth quarter worth about $33,000. IFP Advisors Inc grew its stake in Hostess Brands by 58.3% in the fourth quarter. IFP Advisors Inc now owns 2,472 shares of the company’s stock worth $36,000 after purchasing an additional 910 shares in the last quarter. Harbor Capital Advisors Inc. acquired a new position in Hostess Brands in the second quarter worth about $47,000. Finally, West Tower Group LLC bought a new position in Hostess Brands in the second quarter worth about $48,000.

Hostess Brands Stock Performance

Shares of TWNK opened at $33.37 on Tuesday. The company has a current ratio of 1.80, a quick ratio of 1.47 and a debt-to-equity ratio of 0.53. The firm has a market capitalization of $4.43 billion, a P/E ratio of 26.91, a price-to-earnings-growth ratio of 3.27 and a beta of 0.61. The stock’s fifty day simple moving average is $25.81 and its 200 day simple moving average is $25.51. Hostess Brands has a twelve month low of $21.59 and a twelve month high of $33.74.

Hostess Brands (NASDAQ:TWNK) last issued its earnings results on Tuesday, August 8th. The company reported $0.28 earnings per share for the quarter, topping the consensus estimate of $0.27 by $0.01. The business had revenue of $352.36 million for the quarter, compared to analyst estimates of $359.24 million. Hostess Brands had a return on equity of 7.82% and a net margin of 12.28%. The business’s quarterly revenue was up 3.5% on a year-over-year basis. During the same period last year, the company posted $0.22 EPS. On average, equities research analysts forecast that Hostess Brands will post 1.12 earnings per share for the current year.

About Hostess Brands

Hostess Brands, Inc develops, manufactures, markets, sells, and distributes snack products in the United States and Canada. The company provides a range of snack cakes, donuts, sweet rolls, breakfast pastries, cookies, snack pies, sweet baked goods, wafers, bread and buns, danishes, honey buns, coffee cakes, and sugar-free products.