TheStreet downgraded shares of Hostess Brands (NASDAQ:TWNK) from a b rating to a f rating in a report published on Thursday, TheStreetRatingsTable reports.
Other analysts also recently issued reports about the company. Evercore ISI started coverage on Mondelez International in a research report on Tuesday, June 11th. They issued an outperform rating and a $62.00 price target for the company. Morgan Stanley raised their price target on WPP from GBX 1,025 ($13.39) to GBX 1,060 ($13.85) and gave the stock an equal weight rating in a research report on Wednesday, July 17th. Deutsche Bank upgraded Anglo American to a buy rating in a research report on Tuesday, April 2nd. UBS Group restated a sell rating on shares of in a research report on Monday, June 24th. Finally, DA Davidson initiated coverage on Nomad Foods in a research report on Wednesday, June 19th. They set a buy rating and a $26.00 target price for the company. Six research analysts have rated the stock with a hold rating and five have issued a buy rating to the company’s stock. The stock has a consensus rating of Hold and a consensus target price of $14.50.
Shares of TWNK opened at $14.34 on Thursday. The company has a market capitalization of $1.87 billion, a P/E ratio of 26.56 and a beta of 0.55. The stock has a fifty day moving average of $14.04. Hostess Brands has a 52-week low of $9.86 and a 52-week high of $14.86. The company has a debt-to-equity ratio of 0.62, a quick ratio of 1.91 and a current ratio of 2.19.
Hostess Brands (NASDAQ:TWNK) last issued its quarterly earnings results on Wednesday, May 8th. The company reported $0.14 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $0.14. The company had revenue of $222.74 million during the quarter, compared to the consensus estimate of $210.90 million. Hostess Brands had a return on equity of 3.60% and a net margin of 6.96%. On average, sell-side analysts anticipate that Hostess Brands will post 0.62 EPS for the current year.
In other news, insider Hostess Cdm Co-Invest, Llc sold 6,165,700 shares of Hostess Brands stock in a transaction on Friday, May 17th. The stock was 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 in the company, valued at $82,065,467. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, Director C. Dean Metropoulos sold 1,834,300 shares of Hostess Brands stock in a transaction on Friday, May 17th. The stock was sold at an average price of $13.31, for a total value of $24,414,533.00. Following the sale, the director now owns 458,939 shares of the company’s stock, valued at $6,108,478.09. The disclosure for this sale can be found here. 24.60% of the stock is currently owned by company insiders.
Several institutional investors have recently made changes to their positions in TWNK. PNC Financial Services Group Inc. grew its holdings in Hostess Brands by 63.7% in the fourth quarter. PNC Financial Services Group Inc. now owns 6,371 shares of the company’s stock worth $70,000 after purchasing an additional 2,479 shares during the period. California Public Employees Retirement System lifted its stake in shares of Hostess Brands by 483.9% in the fourth quarter. California Public Employees Retirement System now owns 120,425 shares of the company’s stock valued at $1,317,000 after buying an additional 99,800 shares in the last quarter. BlackRock Inc. lifted its stake in shares of Hostess Brands by 5.6% in the fourth quarter. BlackRock Inc. now owns 6,886,570 shares of the company’s stock valued at $75,339,000 after buying an additional 364,332 shares in the last quarter. Citigroup Inc. lifted its stake in shares of Hostess Brands by 32,711.8% in the fourth quarter. Citigroup Inc. now owns 22,312 shares of the company’s stock valued at $244,000 after buying an additional 22,244 shares in the last quarter. Finally, Great West Life Assurance Co. Can lifted its stake in shares of Hostess Brands by 132.2% in the fourth quarter. Great West Life Assurance Co. Can now owns 11,145 shares of the company’s stock valued at $118,000 after buying an additional 6,345 shares in the last quarter. Hedge funds and other institutional investors own 84.82% of the company’s stock.
Hostess Brands Company Profile
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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