Boyar Asset Management Inc. purchased a new stake in shares of Hostess Brands Inc (NASDAQ:TWNK) during the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund purchased 16,502 shares of the company’s stock, valued at approximately $183,000.
Several other hedge funds and other institutional investors also recently made changes to their positions in TWNK. JPMorgan Chase & Co. increased its position in shares of Hostess Brands by 108.9% during the first quarter. JPMorgan Chase & Co. now owns 68,670 shares of the company’s stock valued at $1,016,000 after buying an additional 35,805 shares during the period. Millennium Management LLC purchased a new position in shares of Hostess Brands during the first quarter valued at about $2,172,000. Legal & General Group Plc increased its position in shares of Hostess Brands by 17.2% during the first quarter. Legal & General Group Plc now owns 35,214 shares of the company’s stock valued at $521,000 after buying an additional 5,161 shares during the period. Xact Kapitalforvaltning AB increased its position in shares of Hostess Brands by 55.8% during the first quarter. Xact Kapitalforvaltning AB now owns 17,600 shares of the company’s stock valued at $260,000 after buying an additional 6,300 shares during the period. Finally, Suntrust Banks Inc. purchased a new stake in Hostess Brands in the first quarter worth about $404,000. Institutional investors own 85.44% of the company’s stock.
A number of equities research analysts have weighed in on TWNK shares. BidaskClub cut shares of Hostess Brands from a “hold” rating to a “sell” rating in a report on Friday, August 10th. SunTrust Banks cut shares of Hostess Brands from a “buy” rating to a “hold” rating in a report on Wednesday, August 8th. Royal Bank of Canada cut their price objective on shares of Hostess Brands from $14.00 to $12.00 and set a “sector perform” rating on the stock in a report on Thursday. UBS Group set a $12.00 price objective on shares of Hostess Brands and gave the stock a “hold” rating in a report on Thursday. Finally, Zacks Investment Research upgraded shares of Hostess Brands from a “sell” rating to a “hold” rating in a report on Thursday, October 18th. Eight analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. The company presently has an average rating of “Hold” and an average price target of $14.89.
Shares of Hostess Brands stock opened at $11.10 on Friday. The company has a market cap of $1.45 billion, a P/E ratio of 17.62 and a beta of 0.28. Hostess Brands Inc has a twelve month low of $9.86 and a twelve month high of $15.40. The company has a debt-to-equity ratio of 0.64, a quick ratio of 1.75 and a current ratio of 2.03.
Hostess Brands (NASDAQ:TWNK) last released its quarterly earnings results on Wednesday, November 7th. The company reported $0.10 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.12 by ($0.02). Hostess Brands had a return on equity of 3.87% and a net margin of 28.58%. The business had revenue of $211.00 million during the quarter, compared to the consensus estimate of $208.64 million. During the same quarter in the previous year, the business posted $0.14 earnings per share. The firm’s revenue was up 9.7% on a year-over-year basis. On average, research analysts anticipate that Hostess Brands Inc will post 0.55 earnings per share for the current fiscal year.
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Hostess Brands 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 coffee cakes, cinnamon rolls, honey buns, brownies, bread and buns, jumbo muffins, and eclairs under the Twinkies, CupCakes, Ding Dongs, Zingers, HoHos, Donettes, Dolly Madison, and Superior on Main brands.
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