Hostess Brands (NASDAQ:TWNK) Rating Lowered to Hold at BidaskClub

Hostess Brands (NASDAQ:TWNK) was downgraded by equities researchers at BidaskClub from a “buy” rating to a “hold” rating in a research note issued on Friday, BidAskClub reports.

TWNK has been the subject of a number of other research reports. DA Davidson assumed coverage on shares of Nomad Foods in a research report on Wednesday, June 19th. They set a “buy” rating and a $26.00 target price for the company. JPMorgan Chase & Co. downgraded shares of Aeroports de Paris from an “overweight” rating to a “neutral” rating in a research report on Thursday, May 9th. UBS Group reissued a “sell” rating on shares of in a research report on Monday, June 24th. Deutsche Bank raised shares of Anglo American to a “buy” rating in a research report on Tuesday, April 2nd. Finally, Evercore ISI began coverage on shares of Mondelez International in a research report on Tuesday, June 11th. They set an “outperform” rating and a $62.00 price objective for the company. Five investment analysts have rated the stock with a hold rating and five have given a buy rating to the company’s stock. Hostess Brands currently has an average rating of “Buy” and a consensus price target of $14.57.

TWNK stock opened at $14.57 on Friday. The company has a market capitalization of $1.90 billion, a PE ratio of 26.49 and a beta of 0.55. The company has a debt-to-equity ratio of 0.62, a current ratio of 2.19 and a quick ratio of 1.91. Hostess Brands has a 12 month low of $9.86 and a 12 month high of $14.86. The business has a 50-day moving average of $13.87.

Hostess Brands (NASDAQ:TWNK) last posted its earnings results on Wednesday, May 8th. The company reported $0.14 EPS for the quarter, hitting analysts’ consensus estimates of $0.14. The firm had revenue of $222.74 million during the quarter, compared to analysts’ expectations of $210.90 million. Hostess Brands had a net margin of 6.96% and a return on equity of 3.60%. Sell-side analysts forecast that Hostess Brands will post 0.62 EPS for the current fiscal year.

In related news, Director C. Dean Metropoulos sold 1,834,300 shares of Hostess Brands stock in a transaction on Friday, May 17th. The shares were sold at an average price of $13.31, for a total value of $24,414,533.00. Following the completion of the sale, the director now owns 458,939 shares of the company’s stock, valued at approximately $6,108,478.09. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, insider Hostess Cdm Co-Invest, Llc sold 6,165,700 shares of Hostess Brands stock in a transaction on Friday, May 17th. The shares were sold at an average price of $13.31, for a total transaction of $82,065,467.00. Following the completion of the sale, the insider now directly owns 6,165,700 shares of the company’s stock, valued at approximately $82,065,467. The disclosure for this sale can be found here. Company insiders own 24.60% of the company’s stock.

A number of hedge funds and other institutional investors have recently bought and sold shares of the stock. Nisa Investment Advisors LLC bought a new stake in shares of Hostess Brands during the 2nd quarter worth $29,000. CENTRAL TRUST Co bought a new stake in Hostess Brands in the 2nd quarter valued at about $51,000. Diversified Trust Co raised its stake in Hostess Brands by 13.4% in the 2nd quarter. Diversified Trust Co now owns 33,875 shares of the company’s stock valued at $489,000 after acquiring an additional 4,000 shares during the period. Marshall Wace North America L.P. raised its stake in Hostess Brands by 157.7% in the 1st quarter. Marshall Wace North America L.P. now owns 266,420 shares of the company’s stock valued at $3,331,000 after acquiring an additional 163,055 shares during the period. Finally, Marshall Wace LLP raised its stake in Hostess Brands by 209,510.6% in the 1st quarter. Marshall Wace LLP now owns 98,517 shares of the company’s stock valued at $1,231,000 after acquiring an additional 98,470 shares during the period. 84.83% of the stock is owned by institutional investors and hedge funds.

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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