A number of other equities research analysts have also weighed in on the company. Zacks Investment Research upgraded Hostess Brands from a “hold” rating to a “buy” rating and set a $16.00 price objective for the company in a research note on Friday, January 10th. SunTrust Banks lowered their price objective on Hostess Brands from $17.00 to $16.00 and set a “hold” rating for the company in a research note on Friday, September 20th. Morgan Stanley raised their price objective on Hostess Brands from $14.00 to $15.00 and gave the company an “equal weight” rating in a research note on Tuesday, December 3rd. JPMorgan Chase & Co. restated an “overweight” rating on shares of Hostess Brands in a research note on Tuesday, December 3rd. Finally, Deutsche Bank started coverage on Hostess Brands in a research note on Wednesday, December 11th. They set a “hold” rating and a $16.00 price objective for the company. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating and five have assigned a buy rating to the company’s stock. The company has a consensus rating of “Hold” and an average target price of $15.75.
Shares of TWNK traded up $0.06 during midday trading on Tuesday, reaching $14.00. 14,519 shares of the company were exchanged, compared to its average volume of 750,520. The stock has a 50-day moving average price of $14.17 and a 200-day moving average price of $13.93. The company has a market cap of $1.81 billion, a price-to-earnings ratio of 25.94 and a beta of 0.56. Hostess Brands has a 1-year low of $11.04 and a 1-year high of $14.86. The company has a current ratio of 2.73, a quick ratio of 2.49 and a debt-to-equity ratio of 0.62.
In other Hostess Brands news, insider Hostess Cdm Co-Invest, Llc sold 133,284 shares of the stock in a transaction that occurred on Friday, December 20th. The stock was sold at an average price of $14.55, for a total transaction of $1,939,282.20. Following the transaction, the insider now owns 133,284 shares of the company’s stock, valued at approximately $1,939,282.20. The transaction was disclosed in a document filed with the SEC, which is available at this link. In the last ninety days, insiders have sold 1,123,713 shares of company stock worth $15,944,810. 24.60% of the stock is currently owned by company insiders.
Hedge funds and other institutional investors have recently made changes to their positions in the stock. Sciencast Management LP acquired a new position in shares of Hostess Brands during the fourth quarter valued at approximately $404,000. Diversified Trust Co lifted its position in shares of Hostess Brands by 22.8% during the 4th quarter. Diversified Trust Co now owns 42,175 shares of the company’s stock valued at $613,000 after acquiring an additional 7,828 shares during the last quarter. Nomura Holdings Inc. acquired a new stake in shares of Hostess Brands during the 3rd quarter valued at $1,302,000. Maverick Capital Ltd. lifted its position in shares of Hostess Brands by 224.0% during the 3rd quarter. Maverick Capital Ltd. now owns 866,992 shares of the company’s stock valued at $12,125,000 after acquiring an additional 599,382 shares during the last quarter. Finally, Metropolitan Life Insurance Co NY boosted its stake in shares of Hostess Brands by 25.3% during the 3rd quarter. Metropolitan Life Insurance Co NY now owns 38,738 shares of the company’s stock worth $542,000 after acquiring an additional 7,823 shares in the last quarter.
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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