Other analysts also recently issued reports about the stock. DA Davidson began coverage on shares of Hostess Brands in a report on Wednesday, June 19th. They issued a buy rating and a $16.00 price target for the company. TheStreet downgraded shares of Hostess Brands from a b rating to a f rating in a report on Thursday, July 18th. Morgan Stanley raised their price objective on shares of Hostess Brands from $13.00 to $14.00 and gave the stock an equal weight rating in a report on Wednesday, July 17th. UBS Group raised shares of Hostess Brands from a neutral rating to a buy rating and raised their price objective for the stock from $14.00 to $17.00 in a report on Monday, June 24th. Finally, SunTrust Banks reduced their price objective on shares of Hostess Brands from $17.00 to $16.00 and set a hold rating for the company in a report on Friday, September 20th. One analyst has rated the stock with a sell rating, four have issued a hold rating and five have given a buy rating to the stock. The company has an average rating of Hold and a consensus price target of $15.11.
TWNK stock traded up $0.25 during trading on Thursday, reaching $13.40. The stock had a trading volume of 1,461,300 shares, compared to its average volume of 1,143,874. Hostess Brands has a 1-year low of $10.29 and a 1-year high of $14.86. The firm has a fifty day moving average price of $13.35 and a 200 day moving average price of $13.77. The company has a current ratio of 2.22, a quick ratio of 1.96 and a debt-to-equity ratio of 0.62. The company has a market capitalization of $1.65 billion, a P/E ratio of 24.81 and a beta of 0.52.
In other Hostess Brands news, Director C. Dean Metropoulos sold 455,400 shares of the firm’s stock in a transaction dated Thursday, August 15th. The shares were sold at an average price of $14.00, for a total value of $6,375,600.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Cdm Hostess Class C, Llc sold 962,472 shares of the firm’s stock in a transaction dated Thursday, August 15th. The shares were sold at an average price of $14.00, for a total transaction of $13,474,608.00. The disclosure for this sale can be found here. Company insiders own 24.60% of the company’s stock.
Several large investors have recently modified their holdings of the company. Raymond James Trust N.A. boosted its stake in Hostess Brands by 9.1% during the 3rd quarter. Raymond James Trust N.A. now owns 12,275 shares of the company’s stock worth $172,000 after acquiring an additional 1,021 shares during the last quarter. Nisa Investment Advisors LLC bought a new position in Hostess Brands during the 2nd quarter worth approximately $29,000. Bank of New York Mellon Corp boosted its stake in Hostess Brands by 0.3% during the 2nd quarter. Bank of New York Mellon Corp now owns 667,064 shares of the company’s stock worth $9,633,000 after acquiring an additional 2,198 shares during the last quarter. Cascade Investment Advisors Inc. boosted its stake in Hostess Brands by 312.5% during the 3rd quarter. Cascade Investment Advisors Inc. now owns 3,300 shares of the company’s stock worth $46,000 after acquiring an additional 2,500 shares during the last quarter. Finally, Quantamental Technologies LLC bought a new position in Hostess Brands during the 2nd quarter worth approximately $40,000. Institutional investors own 94.86% of the company’s stock.
Hostess Brands Company Profile
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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