Stocks of Hostess Brands Inc. (NASDAQ:TWNK) traded higher last session on Wall Street, down -1.73% to $23.23.
According to the data, Hostess Brands Inc. (NASDAQ:TWNK) has 10 analysts covering its stock. The consensus rating among analysts is ‘Overweight’. As we calculate the median target price by taking the range between a high of $32.00 and a low of $25.00, we find $29.00. Given the previous closing price of $23.64, this indicates a potential upside of 22.67 percent. TWNK stock price is now -8.11% away from the 50-day moving average and -6.32% away from the 200-day moving average. The market capitalization of the company currently stands at $3.07B.
A total of 3 analysts have issued a hold rating and 7 have given it a buy rating. Brokers who have rated the stock have averaged $29.10 as their price target over the next twelve months.
With the price target reduced from $29 to $28, JP Morgan maintained Overweight rating for Hostess Brands Inc. (NASDAQ: TWNK).
Insiders disposed of 168,465 shares of company stock worth roughly $3.91 million over the past 1 year. A total of 0.67% of the company’s stock is owned by insiders.
There have been several recent changes in the stakes of large investors in TWNK stock. A new stake in Hostess Brands Inc. shares was purchased by BOSTON PARTNERS during the first quarter worth $20,261,000. CAMBRIDGE INVESTMENT RESEARCH ADVISORS, INC. invested $6,010,000 in shares of TWNK during the first quarter. In the first quarter, TUDOR INVESTMENT CORP ET AL acquired a new stake in Hostess Brands Inc. valued at approximately $3,276,000. GREAT LAKES ADVISORS, LLC acquired a new stake in TWNK for approximately $1,951,000. CROSSPOINT CAPITAL STRATEGIES, LLC purchased a new stake in TWNK valued at around $1,172,000 in the second quarter. In total, there are 385 active investors with 105.25% ownership of the company’s stock.
Wednesday’s opening bell rang with an opening price of $23.61 for Hostess Brands Inc. (NASDAQ: TWNK). During the past 12 months, Hostess Brands Inc. has had a low of $21.09 and a high of $29.00. As of last week, the company has a debt-to-equity ratio of 0.55, a current ratio of 1.80, and a quick ratio of 1.50. According to the stock market information, the enterprise value for the company is $4.04B, which is based on a 18.92 price-to-earnings ratio, a 1.98 price-to-earnings-growth ratio, and a beta of 0.64. The fifty day moving average price for TWNK is $25.23 and a two-hundred day moving average price translates $24.79 for the stock.
The latest earnings results from Hostess Brands Inc. (NASDAQ: TWNK) was released for Mar, 2023. According to the Packaged Foods Company, earnings per share came in at $0.28, beating analysts’ expectations of $0.27 by 0.01. This compares to $0.25 EPS in the same period last year. The net profit margin was 12.20% and return on equity was 9.40% for TWNK. The company reported revenue of $345.4 million for the quarter, compared to $332.05 million a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 4.02 percent. For the current quarter, analysts expect TWNK to generate $358.35M in revenue.
Hostess Brands Inc.(TWNK) Company Profile
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. It offers its products under the Hostess, Dolly Madison, Cloverhill, Voortman, CupCakes, Twinkies, Donettes, Sno Balls, Ding Dongs, Zingers, Ho Hos, and Big Texas brands. The company was formerly known as Gores Holdings, Inc. and changed its name to Hostess Brands, Inc. in November 2016. Hostess Brands, Inc. was founded in 1919 and is headquartered in Lenexa, Kansas.
