A number of other research analysts have also commented on TWNK. Morgan Stanley lifted their price objective on shares of Hostess Brands from $14.00 to $15.00 and gave the company an “equal weight” rating in a research note on Tuesday. Zacks Investment Research upgraded shares of Hostess Brands from a “sell” rating to a “hold” rating in a research note on Friday, November 15th. BidaskClub upgraded shares of Hostess Brands from a “strong sell” rating to a “sell” rating in a research note on Saturday, November 9th. Finally, SunTrust Banks lowered their price target on Hostess Brands from $17.00 to $16.00 and set a “hold” rating on the stock in a report on Friday, September 20th. One research analyst has rated the stock with a sell rating, three have given a hold rating and five have assigned a buy rating to the company’s stock. Hostess Brands presently has an average rating of “Hold” and an average target price of $15.63.
Shares of TWNK traded up $0.10 during mid-day trading on Tuesday, reaching $13.95. 1,176,738 shares of the company’s stock were exchanged, compared to its average volume of 1,131,926. The business’s fifty day simple moving average is $13.22 and its 200-day simple moving average is $13.78. The stock has a market capitalization of $1.75 billion, a PE ratio of 25.83 and a beta of 0.54. Hostess Brands has a 52-week low of $10.29 and a 52-week high of $14.86. The company has a debt-to-equity ratio of 0.62, a current ratio of 2.73 and a quick ratio of 2.49.
Hedge funds and other institutional investors have recently modified their holdings of the stock. Nisa Investment Advisors LLC purchased a new position in Hostess Brands in the 2nd quarter valued at $29,000. Quantamental Technologies LLC acquired a new position in Hostess Brands in the 2nd quarter valued at $40,000. Cascade Investment Advisors Inc. raised its position 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 buying an additional 2,500 shares during the last quarter. Financial Gravity Wealth Inc. raised its position in Hostess Brands by 334.1% during the 2nd quarter. Financial Gravity Wealth Inc. now owns 6,086 shares of the company’s stock worth $88,000 after buying an additional 4,684 shares during the last quarter. Finally, Zurcher Kantonalbank Zurich Cantonalbank lifted its stake in shares of Hostess Brands by 55.6% in the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 9,753 shares of the company’s stock worth $141,000 after acquiring an additional 3,484 shares during the period.
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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