Zacks Investment Research Downgrades Hostess Brands (TWNK) to Hold

Hostess Brands (NASDAQ:TWNK) was downgraded by Zacks Investment Research from a “buy” rating to a “hold” rating in a research report issued on Wednesday.

According to Zacks, “Hostess Brands, Inc. is involved in developing, manufacturing, marketing, selling and distributing sweet goods primarily in the United States. The company produces new and classic treats which includes Ding Dongs, Ho Hos, Donettes, Fruit Pies as well as Twinkies and CupCakes. Hostess Brands, Inc. is based in Kansas City, Missouri. “

Other equities research analysts have also issued research reports about the stock. Royal Bank Of Canada restated a “buy” rating and issued a $16.00 price target on shares of Hostess Brands in a report on Wednesday, October 25th. Morgan Stanley reduced their price target on shares of Hostess Brands from $14.00 to $12.00 and set an “equal weight” rating for the company in a report on Thursday, November 9th. J P Morgan Chase & Co initiated coverage on shares of Hostess Brands in a report on Wednesday, October 11th. They issued a “neutral” rating and a $15.00 price target for the company. Finally, UBS AG initiated coverage on shares of Hostess Brands in a report on Monday, July 31st. They issued a “neutral” rating and a $16.00 price target for the company. One research analyst has rated the stock with a sell rating, three have assigned a hold rating, four have issued a buy rating and one has issued a strong buy rating to the company’s stock. The company presently has an average rating of “Buy” and an average price target of $16.25.

Shares of Hostess Brands (TWNK) traded up $0.26 on Wednesday, reaching $12.64. 1,087,200 shares of the company were exchanged, compared to its average volume of 1,417,023. Hostess Brands has a one year low of $11.00 and a one year high of $17.18. The company has a debt-to-equity ratio of 0.77, a current ratio of 2.18 and a quick ratio of 1.88.

Hostess Brands (NASDAQ:TWNK) last posted its quarterly earnings results on Wednesday, November 8th. The company reported $0.14 EPS for the quarter, beating the consensus estimate of $0.13 by $0.01. Hostess Brands had a net margin of 2.58% and a return on equity of 1.16%. The business had revenue of $192.30 million during the quarter, compared to analyst estimates of $198.42 million. The company’s quarterly revenue was down 2.0% on a year-over-year basis. research analysts forecast that Hostess Brands will post 0.6 EPS for the current fiscal year.

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Several institutional investors have recently modified their holdings of the company. Oppenheimer & Co. Inc. grew its position in shares of Hostess Brands by 0.8% in the 2nd quarter. Oppenheimer & Co. Inc. now owns 255,637 shares of the company’s stock worth $4,115,000 after buying an additional 2,000 shares during the last quarter. California Public Employees Retirement System grew its position in shares of Hostess Brands by 8.0% in the 2nd quarter. California Public Employees Retirement System now owns 36,600 shares of the company’s stock worth $589,000 after buying an additional 2,700 shares during the last quarter. Scholtz & Company LLC grew its position in shares of Hostess Brands by 2.5% in the 2nd quarter. Scholtz & Company LLC now owns 120,265 shares of the company’s stock worth $1,936,000 after buying an additional 2,960 shares during the last quarter. Carnegie Capital Asset Management LLC grew its position in shares of Hostess Brands by 4.4% in the 2nd quarter. Carnegie Capital Asset Management LLC now owns 104,860 shares of the company’s stock worth $1,577,000 after buying an additional 4,435 shares during the last quarter. Finally, First Personal Financial Services grew its position in shares of Hostess Brands by 76.7% in the 2nd quarter. First Personal Financial Services now owns 11,760 shares of the company’s stock worth $189,000 after buying an additional 5,103 shares during the last quarter. 75.60% of the stock is currently owned by hedge funds and other institutional investors.

Hostess Brands Company Profile

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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