Jefferies Financial Group Increases Hostess Brands (NASDAQ:TWNK) Price Target to $18.00

Hostess Brands (NASDAQ:TWNK) had its price target increased by equities researchers at Jefferies Financial Group from $16.00 to $18.00 in a research report issued to clients and investors on Tuesday, The Fly reports. The brokerage currently has a “buy” rating on the stock. Jefferies Financial Group’s target price suggests a potential upside of 26.32% from the company’s previous close. Jefferies Financial Group also issued estimates for Hostess Brands’ Q1 2022 earnings at $0.20 EPS and FY2022 earnings at $0.97 EPS.

Several other research firms also recently weighed in on TWNK. Zacks Investment Research downgraded Hostess Brands from a “buy” rating to a “hold” rating in a research note on Thursday, January 7th. Morgan Stanley boosted their price target on Hostess Brands from $13.00 to $14.00 and gave the company an “equal weight” rating in a research note on Wednesday, October 14th. BidaskClub upgraded Hostess Brands from a “hold” rating to a “buy” rating in a research note on Thursday, December 31st. TheStreet upgraded Hostess Brands from a “f” rating to a “c” rating in a research note on Tuesday, October 20th. Finally, Deutsche Bank Aktiengesellschaft boosted their price target on Hostess Brands from $15.00 to $17.00 and gave the company a “hold” rating in a research note on Thursday, December 10th. Five analysts have rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. The company presently has an average rating of “Hold” and an average target price of $16.00.

Shares of TWNK stock opened at $14.25 on Tuesday. Hostess Brands has a 1-year low of $9.32 and a 1-year high of $14.81. The stock’s fifty day moving average price is $14.11 and its 200 day moving average price is $13.10. The company has a debt-to-equity ratio of 0.70, a current ratio of 1.66 and a quick ratio of 1.41. The company has a market cap of $1.86 billion, a price-to-earnings ratio of 36.54 and a beta of 0.76.

Hostess Brands (NASDAQ:TWNK) last announced its earnings results on Thursday, November 5th. The company reported $0.19 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.17 by $0.02. The firm had revenue of $260.90 million for the quarter, compared to the consensus estimate of $253.10 million. Hostess Brands had a return on equity of 5.40% and a net margin of 5.20%. The firm’s revenue for the quarter was up 14.8% on a year-over-year basis. During the same period in the previous year, the business earned $0.13 EPS. As a group, equities research analysts anticipate that Hostess Brands will post 0.74 earnings per share for the current year.

In other news, insider Hostess Cdm Co-Invest, Llc sold 212,990 shares of the business’s stock in a transaction dated Monday, October 19th. The stock was sold at an average price of $13.34, for a total value of $2,841,286.60. Following the completion of the transaction, the insider now owns 349,743 shares of the company’s stock, valued at approximately $4,665,571.62. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. In the last three months, insiders sold 4,292,282 shares of company stock valued at $57,809,677. Insiders own 24.60% of the company’s stock.

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in TWNK. Sowell Financial Services LLC raised its stake in shares of Hostess Brands by 2,094.0% in the fourth quarter. Sowell Financial Services LLC now owns 1,843 shares of the company’s stock valued at $27,000 after acquiring an additional 1,759 shares in the last quarter. Diversified Trust Co raised its stake in Hostess Brands by 6.2% in the fourth quarter. Diversified Trust Co now owns 50,250 shares of the company’s stock valued at $736,000 after buying an additional 2,950 shares in the last quarter. Teachers Retirement System of The State of Kentucky raised its stake in Hostess Brands by 2.8% in the third quarter. Teachers Retirement System of The State of Kentucky now owns 122,866 shares of the company’s stock valued at $1,515,000 after buying an additional 3,389 shares in the last quarter. Schonfeld Strategic Advisors LLC acquired a new stake in Hostess Brands in the third quarter valued at $632,000. Finally, Public Employees Retirement System of Ohio raised its stake in Hostess Brands by 0.3% in the third quarter. Public Employees Retirement System of Ohio now owns 230,504 shares of the company’s stock valued at $2,842,000 after buying an additional 766 shares in the last quarter.

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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