TheStreet Lowers Hostess Brands (NASDAQ:TWNK) to F

Share on StockTwits

TheStreet downgraded shares of Hostess Brands (NASDAQ:TWNK) from a b rating to a f rating in a research note published on Thursday morning, TheStreetRatingsTable reports.

A number of other analysts also recently issued reports on the company. DA Davidson assumed coverage on Nomad Foods in a research note on Wednesday, June 19th. They issued a buy rating and a $26.00 price objective on the stock. Evercore ISI assumed coverage on Mondelez International in a research report on Tuesday, June 11th. They set an outperform rating and a $62.00 target price on the stock. UBS Group reissued a sell rating on shares of in a research report on Monday, June 24th. JPMorgan Chase & Co. downgraded Aeroports de Paris from an overweight rating to a neutral rating in a research report on Thursday, May 9th. Finally, BidaskClub raised Westport Fuel Systems from a hold rating to a buy rating in a research report on Friday, July 12th. Six research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. Hostess Brands has a consensus rating of Hold and a consensus target price of $14.50.

NASDAQ:TWNK opened at $14.34 on Thursday. The company has a current ratio of 2.19, a quick ratio of 1.91 and a debt-to-equity ratio of 0.62. Hostess Brands has a 1 year low of $9.86 and a 1 year high of $14.86. The business has a 50 day moving average price of $14.04. The company has a market cap of $1.88 billion, a P/E ratio of 26.56 and a beta of 0.55.

Hostess Brands (NASDAQ:TWNK) last released its quarterly earnings data on Wednesday, May 8th. The company reported $0.14 earnings per share (EPS) for the quarter, hitting the Zacks’ consensus estimate of $0.14. Hostess Brands had a return on equity of 3.60% and a net margin of 6.96%. The business had revenue of $222.74 million for the quarter, compared to the consensus estimate of $210.90 million. On average, equities research analysts expect that Hostess Brands will post 0.62 EPS for the current fiscal year.

In related news, insider Hostess Cdm Co-Invest, Llc sold 6,165,700 shares of the business’s stock in a transaction on Friday, May 17th. The stock was sold at an average price of $13.31, for a total transaction of $82,065,467.00. Following the completion of the transaction, the insider now owns 6,165,700 shares in the company, valued at approximately $82,065,467. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Director C. Dean Metropoulos sold 1,834,300 shares of the business’s stock in a transaction on Friday, May 17th. The shares were sold at an average price of $13.31, for a total value of $24,414,533.00. Following the transaction, the director now owns 458,939 shares of the company’s stock, valued at approximately $6,108,478.09. The disclosure for this sale can be found here. 24.60% of the stock is owned by insiders.

A number of institutional investors and hedge funds have recently bought and sold shares of the stock. Champlain Investment Partners LLC lifted its holdings in shares of Hostess Brands by 5.8% in the 1st quarter. Champlain Investment Partners LLC now owns 7,884,750 shares of the company’s stock worth $98,559,000 after buying an additional 434,800 shares during the period. BlackRock Inc. lifted its holdings in shares of Hostess Brands by 5.6% in the 4th quarter. BlackRock Inc. now owns 6,886,570 shares of the company’s stock worth $75,339,000 after buying an additional 364,332 shares during the period. Dimensional Fund Advisors LP lifted its holdings in shares of Hostess Brands by 12.0% in the 4th quarter. Dimensional Fund Advisors LP now owns 6,402,025 shares of the company’s stock worth $70,037,000 after buying an additional 686,428 shares during the period. River Road Asset Management LLC lifted its holdings in shares of Hostess Brands by 2.1% in the 1st quarter. River Road Asset Management LLC now owns 6,211,047 shares of the company’s stock worth $77,638,000 after buying an additional 129,894 shares during the period. Finally, Wells Fargo & Company MN lifted its holdings in shares of Hostess Brands by 6.9% in the 1st quarter. Wells Fargo & Company MN now owns 3,216,646 shares of the company’s stock worth $40,209,000 after buying an additional 207,051 shares during the period. Institutional investors own 84.82% of the company’s stock.

About Hostess Brands

Hostess Brands, Inc, a packaged food company, develops, manufactures, markets, sells, and distributes fresh sweet baked goods in the United States. It primarily offer a range of snack cakes, donuts, sweet rolls, breakfast pastries, snack pies, and related products. The company operates in two segments, Sweet Baked Goods and In-Store Bakery.

Featured Story: Different Types of Derivatives

Analyst Recommendations for Hostess Brands (NASDAQ:TWNK)

Receive News & Ratings for Hostess Brands Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Hostess Brands and related companies with MarketBeat.com's FREE daily email newsletter.