Hostess Brands (NASDAQ:TWNK) Hits New 1-Year High at $14.86
Hostess Brands Inc (NASDAQ:TWNK)’s share price reached a new 52-week high on Tuesday . The stock traded as high as $14.86 and last traded at $14.83, with a volume of 5814 shares changing hands. The stock had previously closed at $14.73.
Several analysts recently weighed in on the stock. Evercore ISI assumed coverage on shares of Mondelez International in a report on Tuesday, June 11th. They issued an “outperform” rating and a $62.00 target price for the company. UBS Group reiterated a “sell” rating on shares of in a report on Monday, June 24th. JPMorgan Chase & Co. downgraded shares of Aeroports de Paris from an “overweight” rating to a “neutral” rating in a report on Thursday, May 9th. DA Davidson assumed coverage on shares of Nomad Foods in a report on Wednesday, June 19th. They issued a “buy” rating and a $26.00 target price for the company. Finally, BidaskClub downgraded shares of Zynerba Pharmaceuticals from a “buy” rating to a “hold” rating in a report on Wednesday, June 26th. Four analysts have rated the stock with a hold rating and six have given a buy rating to the company. Hostess Brands presently has an average rating of “Buy” and an average price target of $14.57.
The company has a debt-to-equity ratio of 0.62, a quick ratio of 1.91 and a current ratio of 2.19. The firm has a market capitalization of $1.92 billion, a P/E ratio of 26.81 and a beta of 0.55. The business’s 50-day moving average is $13.84.
In other Hostess Brands news, Director C. Dean Metropoulos sold 1,834,300 shares of the firm’s stock in a transaction that occurred on Friday, May 17th. The shares were sold at an average price of $13.31, for a total value of $24,414,533.00. Following the completion of the transaction, the director now owns 458,939 shares of the company’s stock, valued at approximately $6,108,478.09. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, insider Hostess Cdm Co-Invest, Llc sold 6,165,700 shares of the firm’s stock in a transaction that occurred on Friday, May 17th. The shares were sold at an average price of $13.31, for a total transaction of $82,065,467.00. Following the completion of the transaction, the insider now directly owns 6,165,700 shares of the company’s stock, valued at approximately $82,065,467. The disclosure for this sale can be found here. Company insiders own 23.60% of the company’s stock.
A number of hedge funds have recently modified their holdings of TWNK. Nuveen Asset Management LLC purchased a new stake in shares of Hostess Brands during the 4th quarter worth $19,300,000. Norges Bank purchased a new stake in shares of Hostess Brands during the 4th quarter worth $11,053,000. Victory Capital Management Inc. lifted its position in shares of Hostess Brands by 35.2% during the 1st quarter. Victory Capital Management Inc. now owns 2,691,327 shares of the company’s stock worth $33,642,000 after purchasing an additional 701,054 shares during the last quarter. Dimensional Fund Advisors LP lifted its position in shares of Hostess Brands by 12.0% during the 4th quarter. Dimensional Fund Advisors LP now owns 6,402,025 shares of the company’s stock worth $70,037,000 after purchasing an additional 686,428 shares during the last quarter. Finally, Westwood Holdings Group Inc. lifted its position in shares of Hostess Brands by 24.3% during the 1st quarter. Westwood Holdings Group Inc. now owns 2,654,485 shares of the company’s stock worth $33,182,000 after purchasing an additional 518,816 shares during the last quarter. 84.83% of the stock is owned by institutional investors.
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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