Hostess Brands (NASDAQ:TWNK) Research Coverage Started at StockNews.com

StockNews.com assumed coverage on shares of Hostess Brands (NASDAQ:TWNK) in a research note issued to investors on Wednesday morning. The firm issued a sell rating on the stock.

TWNK has been the topic of a number of other reports. JPMorgan Chase & Co. downgraded shares of Hostess Brands from an overweight rating to a neutral rating and set a $28.00 target price on the stock. in a research note on Thursday, August 31st. Citigroup reiterated a neutral rating and issued a $34.00 target price (up from $32.00) on shares of Hostess Brands in a research report on Monday, October 16th. Truist Financial downgraded Hostess Brands from a buy rating to a hold rating and set a $34.25 price target on the stock. in a research report on Monday, September 11th. Consumer Edge cut Hostess Brands from an overweight rating to an equal weight rating in a report on Tuesday, September 12th. Finally, Stephens cut Hostess Brands from an overweight rating to an equal weight rating in a report on Tuesday, September 12th. One research analyst has rated the stock with a sell rating, ten have issued a hold rating and one has assigned a buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has an average rating of Hold and a consensus price target of $29.58.

Hostess Brands Price Performance

Hostess Brands stock opened at $33.30 on Wednesday. Hostess Brands has a 12 month low of $21.59 and a 12 month high of $33.74. The business’s 50 day simple moving average is $33.31 and its 200 day simple moving average is $28.10. The company has a market cap of $4.42 billion, a price-to-earnings ratio of 35.81, a PEG ratio of 3.26 and a beta of 0.53. The company has a current ratio of 1.83, a quick ratio of 1.47 and a debt-to-equity ratio of 0.52.

Hostess Brands (NASDAQ:TWNK) last released its quarterly earnings results on Tuesday, November 7th. The company reported $0.24 earnings per share for the quarter, missing the consensus estimate of $0.26 by ($0.02). The firm had revenue of $352.80 million during the quarter, compared to the consensus estimate of $366.09 million. Hostess Brands had a return on equity of 7.74% and a net margin of 9.10%. The company’s revenue for the quarter was up 1.9% compared to the same quarter last year. During the same period in the previous year, the company posted $0.23 EPS. Sell-side analysts forecast that Hostess Brands will post 1.12 EPS for the current year.

Institutional Trading of Hostess Brands

Institutional investors have recently made changes to their positions in the business. Point72 Asset Management L.P. bought a new position in Hostess Brands during the fourth quarter valued at approximately $33,000. Harbor Capital Advisors Inc. bought a new position in shares of Hostess Brands during the 2nd quarter valued at approximately $47,000. West Tower Group LLC purchased a new position in shares of Hostess Brands in the second quarter valued at $48,000. Captrust Financial Advisors raised its stake in Hostess Brands by 31.3% during the second quarter. Captrust Financial Advisors now owns 2,711 shares of the company’s stock valued at $58,000 after purchasing an additional 647 shares in the last quarter. Finally, First Horizon Advisors Inc. lifted its position in Hostess Brands by 35.8% during the first quarter. First Horizon Advisors Inc. now owns 3,791 shares of the company’s stock valued at $94,000 after purchasing an additional 1,000 shares during the last quarter.

Hostess Brands Company Profile

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.