Hostess Brands (TWNK) Given Consensus Recommendation of “Buy” by Brokerages

Shares of Hostess Brands (NASDAQ:TWNK) have earned a consensus recommendation of “Buy” from the seven research firms that are currently covering the firm, Marketbeat reports. Two research analysts have rated the stock with a hold recommendation, four have assigned a buy recommendation and one has issued a strong buy recommendation on the company. The average 12 month price target among brokers that have covered the stock in the last year is $18.00.

TWNK has been the subject of several research analyst reports. UBS AG initiated coverage on Hostess Brands in a research report on Monday, July 31st. They issued a “neutral” rating and a $16.00 price objective for the company. Zacks Investment Research upgraded Hostess Brands from a “sell” rating to a “buy” rating and set a $17.00 price objective for the company in a research report on Thursday, July 13th. Finally, BidaskClub upgraded Hostess Brands from a “hold” rating to a “buy” rating in a research report on Friday, June 9th.

In other Hostess Brands news, CEO William Douglas Toler acquired 75,000 shares of the firm’s stock in a transaction that occurred on Friday, August 11th. The stock was acquired at an average cost of $13.86 per share, for a total transaction of $1,039,500.00. Following the transaction, the chief executive officer now owns 560,000 shares of the company’s stock, valued at $7,761,600. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Michael John Cramer acquired 5,000 shares of the firm’s stock in a transaction that occurred on Friday, August 11th. The stock was acquired at an average price of $13.98 per share, with a total value of $69,900.00. The disclosure for this purchase can be found here. 25.50% of the stock is currently owned by insiders.

Several institutional investors and hedge funds have recently modified their holdings of the stock. Westwood Holdings Group Inc. acquired a new position in shares of Hostess Brands in the 2nd quarter valued at approximately $27,074,000. Ameritas Investment Partners Inc. acquired a new position in shares of Hostess Brands in the 2nd quarter valued at approximately $113,000. Castleark Management LLC acquired a new position in shares of Hostess Brands in the 2nd quarter valued at approximately $10,618,000. California State Teachers Retirement System acquired a new position in shares of Hostess Brands in the 2nd quarter valued at approximately $2,283,000. Finally, The Manufacturers Life Insurance Company acquired a new position in shares of Hostess Brands in the 2nd quarter valued at approximately $955,000.

Hostess Brands (NASDAQ:TWNK) traded down 0.52% during mid-day trading on Friday, hitting $13.43. 1,244,728 shares of the stock were exchanged. The firm has a 50-day moving average price of $13.79 and a 200-day moving average price of $15.48. Hostess Brands has a 12-month low of $10.65 and a 12-month high of $17.18. The stock’s market capitalization is $1.34 billion.

Hostess Brands (NASDAQ:TWNK) last posted its earnings results on Tuesday, August 8th. The company reported $0.18 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.19 by ($0.01). The firm had revenue of $203.18 million during the quarter, compared to the consensus estimate of $205.41 million. Equities analysts predict that Hostess Brands will post $0.59 earnings per share for the current fiscal year.

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About Hostess Brands

Hostess Brands, Inc, a packaged food company, focuses on developing, manufacturing, marketing, selling, and distributing fresh sweet baked goods in the United States. The company operates in two segments, Sweet Baked Goods and Other. Its principal product lines include Twinkies, Zingers, Donettes, coffee cakes, cupcakes, cinnamon rolls, Ding Dongs, honey buns, fruit pies, Sno Balls, mini muffins, Chocodiles, Ho Hos, brownies, Suzy Qs, bread and buns, danishes, jumbo muffins, iced cookies, eclairs, and madeleines.

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