Hostess Brands Inc (NASDAQ:TWNK) shares gapped down before the market opened on Wednesday . The stock had previously closed at $14.26, but opened at $13.79. Hostess Brands shares last traded at $13.41, with a volume of 7274902 shares changing hands.
TWNK has been the topic of a number of research analyst reports. BidaskClub downgraded Hostess Brands from a “buy” rating to a “hold” rating in a report on Friday, January 25th. Zacks Investment Research upgraded Hostess Brands from a “sell” rating to a “hold” rating in a report on Friday, February 8th. TheStreet upgraded Hostess Brands from a “c+” rating to a “b-” rating in a report on Monday, March 4th. Deutsche Bank raised Hostess Brands from a “hold” rating to a “buy” rating and lifted their price objective for the company from $12.00 to $15.00 in a research report on Tuesday, April 2nd. Finally, JPMorgan Chase & Co. reaffirmed an “overweight” rating and set a $14.00 price objective on shares of Hostess Brands in a research report on Thursday, May 9th. Five research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company’s stock. Hostess Brands currently has an average rating of “Buy” and a consensus target price of $14.14.
The company has a quick ratio of 1.91, a current ratio of 2.19 and a debt-to-equity ratio of 0.62. The stock has a market cap of $1.75 billion, a price-to-earnings ratio of 25.19 and a beta of 0.55.
Hostess Brands (NASDAQ:TWNK) last posted its quarterly earnings data on Wednesday, May 8th. The company reported $0.14 earnings per share for the quarter, meeting the Thomson Reuters’ consensus estimate of $0.14. The business had revenue of $222.74 million for the quarter, compared to analysts’ expectations of $210.90 million. Hostess Brands had a return on equity of 3.60% and a net margin of 6.96%. Equities analysts predict that Hostess Brands Inc will post 0.62 EPS for the current year.
In other news, Director C. Dean Metropoulos sold 1,834,300 shares of the business’s stock in a transaction that occurred on Friday, May 17th. The stock was sold at an average price of $13.31, for a total value of $24,414,533.00. Following the sale, the director now directly owns 458,939 shares of the company’s stock, valued at approximately $6,108,478.09. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, insider Hostess Cdm Co-Invest, Llc sold 6,165,700 shares of the business’s stock in a transaction that occurred on Friday, May 17th. The stock was sold at an average price of $13.31, for a total value of $82,065,467.00. Following the completion of the sale, the insider now directly owns 6,165,700 shares in the company, valued at $82,065,467. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 9,174,376 shares of company stock worth $121,699,913. Insiders own 24.60% of the company’s stock.
Institutional investors and hedge funds have recently modified their holdings of the company. Quantamental Technologies LLC bought a new stake in shares of Hostess Brands in the 4th quarter worth approximately $36,000. PNC Financial Services Group Inc. boosted its position in shares of Hostess Brands by 63.7% in the 4th quarter. PNC Financial Services Group Inc. now owns 6,371 shares of the company’s stock worth $70,000 after purchasing an additional 2,479 shares in the last quarter. Stormborn Capital Management LLC bought a new stake in shares of Hostess Brands in the 1st quarter worth approximately $78,000. NumerixS Investment Technologies Inc bought a new stake in shares of Hostess Brands in the 1st quarter worth approximately $102,000. Finally, O Brien Greene & Co. Inc bought a new stake in shares of Hostess Brands in the 4th quarter worth approximately $109,000. 84.42% of the stock is currently owned by hedge funds and other institutional investors.
Hostess Brands Company Profile (NASDAQ:TWNK)
Hostess Brands, Inc, a packaged food company, develops, manufactures, markets, sells, and distributes fresh sweet baked goods in the United States. It primarily offer a range of snack cakes, donuts, sweet rolls, breakfast pastries, snack pies, and related products. The company operates in two segments, Sweet Baked Goods and In-Store Bakery.
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