Hostess Brands (TWNK) Gets a Buy Rating from Jefferies

By Jason Carr

Jefferies analyst Robert Dickerson maintained a Buy rating on Hostess Brands (TWNKResearch Report) on August 23. The company’s shares closed last Friday at $16.10.

According to TipRanks.com, Dickerson is a 4-star analyst with an average return of 8.0% and a 62.2% success rate. Dickerson covers the Consumer Goods sector, focusing on stocks such as Mondelez International, Lamb Weston Holdings, and McCormick & Company.

The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Hostess Brands with a $16.00 average price target.

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Based on Hostess Brands’ latest earnings release for the quarter ending June 30, the company reported a quarterly revenue of $291 million and net profit of $29.85 million. In comparison, last year the company earned revenue of $256 million and had a GAAP net loss of $212K.

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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.