Wall Street await Hostess Brands, Inc.
Beaconlight Capital LLC lowered its stake in shares of Hostess Brands, Inc. The volume of TWNK witnessed a shift from 1.3 million shares, based on a 50-day average, to 1.03 million shares. The 50 day moving average moved down $-1.41 whereas the 200 day average was down by -20.02%.
The High Revenue estimate is predicted as 203820, while the Low Revenue Estimate prediction stands at 193000. As per Tuesday, September 26, the company rating was maintained by Canaccord Genuity. Vanguard Group Inc. now owns 6,695,119 shares of the company's stock valued at $107,791,000 after purchasing an additional 2,428,469 shares during the last quarter. The firm had revenue of $203.18 million during the quarter, compared to analyst estimates of $205.41 million. Next quarter's EPS is expected be $0.14 and the next full year EPS is projected to be $0.67.
A number of analysts recently issued reports on TWNK shares. Hostess Brands had 8 analyst reports since February 14, 2017 according to SRatingsIntel. On October 13 the company was rated "Sell" by UBS a cut from the previous "Neutral" rating. The consensus analyst target price is $17.56. Hostess Brands now has a consensus rating of "Buy" and an average target price of $16.89.
JP Morgan has just issued a Neutral rating for Hostess Brands (NASDAQ:TWNK) shares. They set an "equal weight" rating and a $14.00 target price for the company. J P Morgan Chase & Co assumed coverage on Hostess Brands in a report on Wednesday.
In a report released on 10/11/2017 JPMorgan increased the stock price target of Hostess Brands (NASDAQ:TWNK) to $15.00 indicating a possible upside of 0.07%. On Wednesday, February 15 the stock rating was initiated by Deutsche Bank with "Buy". The stock now has a consensus rating of "Buy" and a consensus target price of $18.40.
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Currently Hostess Brands Inc (NASDAQ:TWNK)'s shares owned by insiders are 9%, whereas shares owned by institutional owners are 0%. The acquisition was disclosed in a filing with the SEC, which is available at the SEC website. Stock Plunged Today" with publication date: "August 10, 2017. The shares were purchased at an average cost of $13.86 per share, for a total transaction of $1,039,500.00. The firm owned 358,087 shares of the company's stock after purchasing an additional 278,738 shares during the period.