Hostess Brands (NASDAQ:TWNK) Price Target Raised to $14.00 at Morgan Stanley

Hostess Brands (NASDAQ:TWNK) had its target price upped by Morgan Stanley from $13.00 to $14.00 in a research report released on Wednesday morning, BenzingaRatingsTable reports. Morgan Stanley currently has an equal weight rating on the stock.

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

Hostess Brands stock opened at $14.34 on Wednesday. Hostess Brands has a 1-year low of $9.86 and a 1-year high of $14.86. The company has a market capitalization of $1.88 billion, a price-to-earnings ratio of 26.56 and a beta of 0.55. The firm has a fifty day simple moving average of $14.04. The company has a debt-to-equity ratio of 0.62, a current ratio of 2.19 and a quick ratio of 1.91.

Hostess Brands (NASDAQ:TWNK) last released its quarterly earnings data on Wednesday, May 8th. The company reported $0.14 earnings per share for the quarter, meeting analysts’ consensus estimates of $0.14. Hostess Brands had a net margin of 6.96% and a return on equity of 3.60%. The firm had revenue of $222.74 million for the quarter, compared to analyst estimates of $210.90 million. As a group, sell-side analysts forecast that Hostess Brands will post 0.62 earnings per share for the current fiscal year.

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

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Geode Capital Management LLC increased its holdings in Hostess Brands by 16.5% during the fourth quarter. Geode Capital Management LLC now owns 1,145,342 shares of the company’s stock worth $12,530,000 after buying an additional 162,039 shares during the last quarter. Metropolitan Life Insurance Co. NY increased its holdings in Hostess Brands by 356.6% during the fourth quarter. Metropolitan Life Insurance Co. NY now owns 32,219 shares of the company’s stock worth $352,000 after buying an additional 25,163 shares during the last quarter. Pathlight Investors LLC purchased a new stake in Hostess Brands during the fourth quarter worth about $170,000. Nuveen Asset Management LLC purchased a new stake in Hostess Brands during the fourth quarter worth about $19,300,000. Finally, Citigroup Inc. increased its holdings in Hostess Brands by 32,711.8% during the fourth quarter. Citigroup Inc. now owns 22,312 shares of the company’s stock worth $244,000 after buying an additional 22,244 shares during the last quarter. Institutional investors and hedge funds own 84.82% of the company’s stock.

Hostess Brands Company Profile

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.

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Analyst Recommendations for Hostess Brands (NASDAQ:TWNK)

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