Other equities research analysts also recently issued reports about the company. SunTrust Banks dropped their target price on Hostess Brands from $17.00 to $16.00 and set a hold rating on the stock in a report on Friday, September 20th. Morgan Stanley boosted their target price on Hostess Brands from $13.00 to $14.00 and gave the stock an equal weight rating in a report on Wednesday, July 17th. TheStreet downgraded Hostess Brands from a b rating to a f rating in a report on Thursday, July 18th. Finally, Zacks Investment Research downgraded Hostess Brands from a buy rating to a hold rating in a report on Wednesday, September 18th. One research analyst has rated the stock with a sell rating, four have given a hold rating and five have assigned a buy rating to the company. The company presently has an average rating of Hold and a consensus target price of $15.11.
Shares of NASDAQ TWNK traded up $0.25 during trading hours on Friday, reaching $13.40. 1,461,300 shares of the stock traded hands, compared to its average volume of 1,143,874. The company has a quick ratio of 1.96, a current ratio of 2.22 and a debt-to-equity ratio of 0.62. Hostess Brands has a 52-week low of $10.29 and a 52-week high of $14.86. The company has a market capitalization of $1.65 billion, a P/E ratio of 24.81 and a beta of 0.52. The company’s 50-day simple moving average is $13.35 and its two-hundred day simple moving average is $13.77.
In other news, insider Cdm Hostess Class C, Llc sold 962,472 shares of the business’s stock in a transaction on Thursday, August 15th. The stock was sold at an average price of $14.00, for a total value of $13,474,608.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, Director C. Dean Metropoulos sold 455,400 shares of the business’s stock in a transaction on Thursday, August 15th. The stock was sold at an average price of $14.00, for a total value of $6,375,600.00. The disclosure for this sale can be found here. 24.60% of the stock is owned by insiders.
Hedge funds have recently bought and sold shares of the company. Nisa Investment Advisors LLC purchased a new stake in Hostess Brands during the second quarter valued at $29,000. Quantamental Technologies LLC purchased a new stake in Hostess Brands during the second quarter valued at $40,000. Cascade Investment Advisors Inc. increased its position in Hostess Brands by 312.5% during the third quarter. Cascade Investment Advisors Inc. now owns 3,300 shares of the company’s stock valued at $46,000 after acquiring an additional 2,500 shares during the last quarter. CENTRAL TRUST Co purchased a new stake in Hostess Brands during the second quarter valued at $51,000. Finally, Financial Gravity Wealth Inc. increased its position in Hostess Brands by 334.1% during the second quarter. Financial Gravity Wealth Inc. now owns 6,086 shares of the company’s stock valued at $88,000 after acquiring an additional 4,684 shares during the last quarter. Hedge funds and other 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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