Shares of Hostess Brands, Inc. (NASDAQ:TWNK) have been assigned a consensus recommendation of “Hold” from the ten brokerages that are presently covering the stock, Marketbeat.com reports. Two equities research analysts have rated the stock with a sell recommendation, three have issued a hold recommendation and four have issued a buy recommendation on the company. The average 12 month price target among brokerages that have updated their coverage on the stock in the last year is $16.43.
TWNK has been the subject of a number of analyst reports. SunTrust Banks boosted their price target on Hostess Brands to $20.00 and gave the stock a “buy” rating in a research report on Monday, December 18th. They noted that the move was a valuation call. Royal Bank of Canada reissued a “buy” rating and issued a $18.00 price objective on shares of Hostess Brands in a research note on Friday, December 22nd. Zacks Investment Research raised Hostess Brands from a “hold” rating to a “buy” rating and set a $16.00 price objective on the stock in a research note on Saturday, January 20th. Morgan Stanley dropped their price objective on Hostess Brands from $14.00 to $12.00 and set an “equal weight” rating on the stock in a research note on Thursday, November 9th. Finally, BidaskClub downgraded Hostess Brands from a “hold” rating to a “sell” rating in a research note on Friday, January 19th.
In related news, Director Neil P. Defeo bought 10,000 shares of the business’s stock in a transaction dated Friday, November 24th. The shares were bought at an average cost of $12.96 per share, with a total value of $129,600.00. Following the completion of the transaction, the director now directly owns 16,482 shares of the company’s stock, valued at $213,606.72. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO William Douglas Toler bought 50,000 shares of the business’s stock in a transaction dated Friday, November 24th. The shares were bought at an average cost of $12.88 per share, for a total transaction of $644,000.00. Following the completion of the transaction, the chief executive officer now directly owns 250,000 shares of the company’s stock, valued at $3,220,000. The disclosure for this purchase can be found here. 25.50% of the stock is owned by insiders.
Shares of Hostess Brands (NASDAQ TWNK) traded down $0.14 during mid-day trading on Wednesday, reaching $12.82. The company’s stock had a trading volume of 811,800 shares, compared to its average volume of 1,023,770. The company has a quick ratio of 1.88, a current ratio of 2.18 and a debt-to-equity ratio of 0.77. Hostess Brands has a one year low of $11.00 and a one year high of $17.18.
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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.
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