Deutsche Bank analyst Stephen Powers maintained a Hold rating on Hostess Brands (TWNK – Research Report) on July 24 and set a price target of $25.00. The company’s shares closed last Tuesday at $21.58.
According to TipRanks.com, Powers is a 4-star analyst with an average return of 5.2% and a 61.8% success rate. Powers covers the Consumer Goods sector, focusing on stocks such as The Estée Lauder Companies, Spectrum Brands Holdings, and Mondelez International.
Currently, the analyst consensus on Hostess Brands is a Strong Buy with an average price target of $26.86.
Based on Hostess Brands’ latest earnings release for the quarter ending March 31, the company reported a quarterly revenue of $332 million and net profit of $34.56 million. In comparison, last year the company earned revenue of $265 million and had a net profit of $26.73 million.
Based on the recent corporate insider activity of 48 insiders, corporate insider sentiment is negative on the stock. This means that over the past quarter there has been an increase of insiders selling their shares of TWNK in relation to earlier this year.
TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.
Hostess Brands, Inc. engages in developing, manufacturing, marketing, selling and distributing baked goods. It operates through following segments: Sweet Baked Goods and In-Store Bakery. The Sweet Baked Goods segment consists of fresh and frozen baked goods and bread products that are sold under the Hostess, Dolly Madison, Cloverhill and Big Texas brands. The In-Store Bakery segment consists of Superior on Main branded and store-branded products sold through the in-store bakery section of grocery and club stores. The company was founded in 1919 and is headquartered in Kansas, MO.
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