Hostess Brands (TWNK) Shares Gap Down to $13.79

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 traded.

Several research firms have recently issued reports on TWNK. JPMorgan Chase & Co. reaffirmed an “overweight” rating and set a $14.00 price target on shares of Hostess Brands in a research note on Thursday, May 9th. BidaskClub raised Hostess Brands from a “hold” rating to a “buy” rating in a research note on Thursday, April 4th. Zacks Investment Research raised Hostess Brands from a “sell” rating to a “hold” rating in a research note on Wednesday, January 30th. TheStreet raised Hostess Brands from a “c+” rating to a “b-” rating in a research note on Monday, March 4th. Finally, Deutsche Bank raised Hostess Brands from a “hold” rating to a “buy” rating and lifted their price target for the stock from $12.00 to $15.00 in a research note on Tuesday, April 2nd. Five analysts have rated the stock with a hold rating and six have issued a buy rating to the company. Hostess Brands presently has an average rating of “Buy” and an average target price of $14.14.

The company has a debt-to-equity ratio of 0.62, a current ratio of 2.19 and a quick ratio of 1.91. The firm has a market cap of $1.75 billion, a P/E ratio of 24.83 and a beta of 0.55.

Hostess Brands (NASDAQ:TWNK) last posted its quarterly earnings results on Wednesday, May 8th. The company reported $0.14 EPS for the quarter, meeting the consensus estimate of $0.14. The company had revenue of $222.74 million during 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%. On average, analysts forecast that Hostess Brands Inc will post 0.62 earnings per share for the current year.

In other Hostess Brands news, insider Hostess Cdm Co-Invest, Llc sold 1,174,376 shares of Hostess Brands stock in a transaction dated Wednesday, April 3rd. The stock was sold at an average price of $12.96, for a total value of $15,219,912.96. Following the completion of the sale, the insider now owns 765,059 shares in the company, valued at approximately $9,915,164.64. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 24.60% of the stock is owned by insiders.

Large investors have recently modified their holdings of the company. Stormborn Capital Management LLC purchased a new stake in shares of Hostess Brands during the 1st quarter worth about $78,000. Quantamental Technologies LLC purchased a new stake in shares of Hostess Brands during the 4th quarter worth about $36,000. PNC Financial Services Group Inc. grew its holdings in shares of Hostess Brands by 63.7% during 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 during the period. NumerixS Investment Technologies Inc purchased a new stake in shares of Hostess Brands during the 1st quarter worth about $102,000. Finally, O Brien Greene & Co. Inc purchased a new stake in shares of Hostess Brands during the 4th quarter worth about $109,000. Institutional investors and hedge funds own 84.42% of the company’s stock.

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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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