J.P. Morgan Sticks to Its Buy Rating for Hostess Brands (TWNK)

J.P. Morgan analyst Kenneth Goldman maintained a Buy rating on Hostess Brands (TWNKResearch Report) on June 17 and set a price target of $26.00. The company’s shares closed last Friday at $19.79.

According to, Goldman is a 5-star analyst with an average return of 9.7% and a 58.5% success rate. Goldman covers the Consumer Goods sector, focusing on stocks such as Mondelez International, Albertsons Companies, and The Hershey Company.

Currently, the analyst consensus on Hostess Brands is a Strong Buy with an average price target of $26.75, a 37.1% upside from current levels. In a report issued on June 16, Credit Suisse also reiterated a Buy rating on the stock with a $26.00 price target.

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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 56 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.

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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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