J P Morgan Chase & Co Initiates Coverage on Hostess Brands (TWNK)

Equities researchers at J P Morgan Chase & Co started coverage on shares of Hostess Brands (NASDAQ:TWNK) in a report issued on Wednesday. The brokerage set a “neutral” rating and a $15.00 price target on the stock. J P Morgan Chase & Co’s price target would indicate a potential upside of 11.69% from the company’s current price.

TWNK has been the subject of a number of other research reports. Zacks Investment Research raised Hostess Brands from a “sell” rating to a “hold” rating in a research note on Tuesday, September 19th. UBS AG initiated coverage on Hostess Brands in a research note on Monday, July 31st. They set a “neutral” rating and a $16.00 price objective for the company. Royal Bank Of Canada initiated coverage on Hostess Brands in a research note on Monday, September 18th. They set an “outperform” rating and a $16.00 price objective for the company. Finally, Morgan Stanley initiated coverage on Hostess Brands in a research note on Monday, September 25th. They set an “equal weight” rating and a $14.00 price objective for the company. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating, five have issued a buy rating and one has given a strong buy rating to the company. The stock presently has a consensus rating of “Buy” and a consensus price target of $16.89.

Hostess Brands (NASDAQ:TWNK) last issued its quarterly earnings results on Tuesday, August 8th. The company reported $0.18 EPS for the quarter, missing analysts’ consensus estimates of $0.19 by ($0.01). The business had revenue of $203.18 million for the quarter, compared to analyst estimates of $205.41 million.

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In related news, CEO William Douglas Toler acquired 75,000 shares of the company’s stock in a transaction dated Friday, August 11th. The stock was purchased at an average price of $13.86 per share, with a total value of $1,039,500.00. Following the completion of the purchase, the chief executive officer now owns 560,000 shares in the company, valued at approximately $7,761,600. The acquisition was disclosed in a filing with the SEC, which can be accessed through this link. Also, insider Michael John Cramer acquired 5,000 shares of the company’s stock in a transaction dated Friday, August 11th. The shares were bought at an average cost of $13.98 per share, with a total value of $69,900.00. The disclosure for this purchase can be found here. Corporate insiders own 25.50% of the company’s stock.

Several large investors have recently added to or reduced their stakes in the company. Janus Henderson Group PLC purchased a new stake in Hostess Brands in the second quarter worth $118,956,000. Franklin Resources Inc. purchased a new stake in Hostess Brands in the second quarter worth $87,922,000. Vanguard Group Inc. lifted its stake in Hostess Brands by 834.4% in the first quarter. Vanguard Group Inc. now owns 4,266,650 shares of the company’s stock worth $67,711,000 after acquiring an additional 3,810,050 shares during the period. Victory Capital Management Inc. lifted its stake in Hostess Brands by 61.8% in the second quarter. Victory Capital Management Inc. now owns 6,264,825 shares of the company’s stock worth $100,863,000 after acquiring an additional 2,393,253 shares during the period. Finally, Westwood Holdings Group Inc. purchased a new stake in Hostess Brands in the second quarter worth $27,074,000. 77.51% of the stock is owned by hedge funds and other institutional investors.

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.

Analyst Recommendations for Hostess Brands (NASDAQ:TWNK)

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