Stephens cut shares of Hostess Brands (NASDAQ:TWNK – Free Report) from an overweight rating to an equal weight rating in a research report released on Tuesday, Marketbeat reports.
TWNK has been the subject of several other reports. JPMorgan Chase & Co. downgraded Hostess Brands from an overweight rating to a neutral rating and set a $28.00 target price for the company. in a research report on Thursday, August 31st. Morgan Stanley decreased their price objective on Hostess Brands from $27.00 to $25.00 and set an equal weight rating for the company in a report on Wednesday, August 9th. Truist Financial downgraded Hostess Brands from a buy rating to a hold rating and set a $34.25 price objective for the company. in a report on Monday. StockNews.com started coverage on Hostess Brands in a report on Thursday, August 17th. They issued a hold rating for the company. Finally, Consumer Edge downgraded Hostess Brands from an overweight rating to an equal weight rating in a report on Tuesday. One analyst has rated the stock with a sell rating, nine have assigned a hold rating and one has assigned a buy rating to the company’s stock. According to MarketBeat.com, the company presently has a consensus rating of Hold and an average price target of $29.03.
View Our Latest Analysis on TWNK
Hostess Brands Stock Down 0.3 %
NASDAQ TWNK opened at $33.40 on Tuesday. The company has a quick ratio of 1.47, a current ratio of 1.80 and a debt-to-equity ratio of 0.53. The company has a fifty day moving average of $25.47 and a two-hundred day moving average of $25.38. The firm has a market capitalization of $4.44 billion, a price-to-earnings ratio of 26.94, a PEG ratio of 2.74 and a beta of 0.61. Hostess Brands has a 52 week low of $21.59 and a 52 week high of $33.74.
Hostess Brands (NASDAQ:TWNK – Get Free Report) last released its earnings results on Tuesday, August 8th. The company reported $0.28 earnings per share for the quarter, topping the consensus estimate of $0.27 by $0.01. Hostess Brands had a return on equity of 7.82% and a net margin of 12.28%. The business had revenue of $352.36 million during the quarter, compared to the consensus estimate of $359.24 million. During the same period last year, the company earned $0.22 earnings per share. The business’s revenue for the quarter was up 3.5% compared to the same quarter last year. On average, analysts predict that Hostess Brands will post 1.12 earnings per share for the current year.
Institutional Investors Weigh In On Hostess Brands
A number of large investors have recently modified their holdings of TWNK. BlackRock Inc. grew its stake in shares of Hostess Brands by 103.5% during the 1st quarter. BlackRock Inc. now owns 24,077,759 shares of the company’s stock worth $528,266,000 after purchasing an additional 12,247,765 shares during the period. Vanguard Group Inc. increased its position in shares of Hostess Brands by 0.6% during the 3rd quarter. Vanguard Group Inc. now owns 15,997,837 shares of the company’s stock worth $371,790,000 after purchasing an additional 96,984 shares during the last quarter. Dimensional Fund Advisors LP grew its position in Hostess Brands by 0.5% in the 1st quarter. Dimensional Fund Advisors LP now owns 9,173,495 shares of the company’s stock valued at $228,234,000 after acquiring an additional 49,810 shares in the last quarter. State Street Corp grew its position in shares of Hostess Brands by 1.1% during the second quarter. State Street Corp now owns 5,004,593 shares of the company’s stock worth $106,147,000 after buying an additional 55,673 shares in the last quarter. Finally, Champlain Investment Partners LLC grew its position in shares of Hostess Brands by 33.0% during the first quarter. Champlain Investment Partners LLC now owns 4,108,145 shares of the company’s stock worth $102,211,000 after buying an additional 1,019,345 shares in the last quarter.
About Hostess Brands
Hostess Brands, Inc develops, manufactures, markets, sells, and distributes snack products in the United States and Canada. The company provides a range of snack cakes, donuts, sweet rolls, breakfast pastries, cookies, snack pies, sweet baked goods, wafers, bread and buns, danishes, honey buns, coffee cakes, and sugar-free products.
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