Stifel Financial Corp purchased a new position in Hostess Brands (NASDAQ:TWNK) in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor purchased 88,849 shares of the company’s stock, valued at approximately $1,428,000. Stifel Financial Corp owned approximately 0.09% of Hostess Brands as of its most recent filing with the Securities & Exchange Commission.
Other large investors have also added to or reduced their stakes in the company. Schwab Charles Investment Management Inc. grew its stake in shares of Hostess Brands by 51.8% in the first quarter. Schwab Charles Investment Management Inc. now owns 79,349 shares of the company’s stock worth $1,260,000 after purchasing an additional 27,089 shares in the last quarter. Strs Ohio acquired a new stake in shares of Hostess Brands in the second quarter valued at $375,000. Goldman Sachs Group Inc. lifted its holdings in shares of Hostess Brands by 55.0% in the first quarter. Goldman Sachs Group Inc. now owns 401,300 shares of the company’s stock valued at $6,369,000 after buying an additional 142,324 shares during the period. Teachers Retirement System of The State of Kentucky acquired a new stake in shares of Hostess Brands in the first quarter valued at $698,000. Finally, Morgan Stanley lifted its holdings in shares of Hostess Brands by 34.8% in the first quarter. Morgan Stanley now owns 80,034 shares of the company’s stock valued at $1,270,000 after buying an additional 20,653 shares during the period. 77.61% of the stock is owned by institutional investors.
Shares of Hostess Brands (NASDAQ TWNK) traded up 1.72% during midday trading on Friday, hitting $11.83. The stock had a trading volume of 1,038,382 shares. Hostess Brands has a one year low of $11.13 and a one year high of $17.18. The firm’s 50-day moving average price is $13.16 and its 200-day moving average price is $14.94. The firm’s market capitalization is $1.18 billion.
Hostess Brands (NASDAQ:TWNK) last announced its quarterly earnings data on Tuesday, August 8th. The company reported $0.18 EPS for the quarter, missing analysts’ consensus estimates of $0.19 by ($0.01). The company had revenue of $203.18 million during the quarter, compared to analyst estimates of $205.41 million. On average, equities analysts predict that Hostess Brands will post $0.59 EPS for the current year.
In other Hostess Brands news, insider Michael John Cramer bought 5,000 shares of Hostess Brands stock in a transaction on Friday, August 11th. The shares were purchased at an average cost of $13.98 per share, for a total transaction of $69,900.00. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, CEO William Douglas Toler bought 75,000 shares of Hostess Brands stock in a transaction on Friday, August 11th. The shares were acquired at an average price of $13.86 per share, for a total transaction of $1,039,500.00. Following the completion of the acquisition, the chief executive officer now owns 560,000 shares of the company’s stock, valued at approximately $7,761,600. The disclosure for this purchase can be found here. Insiders own 25.50% of the company’s stock.
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TWNK has been the subject of several research analyst reports. UBS AG lowered Hostess Brands from a “neutral” rating to a “sell” rating and cut their price objective for the company from $16.00 to $11.00 in a report on Friday, October 13th. Royal Bank Of Canada initiated coverage on Hostess Brands in a report on Monday, September 18th. They issued an “outperform” rating and a $16.00 price objective for the company. J P Morgan Chase & Co initiated coverage on Hostess Brands in a report on Wednesday, October 11th. They issued a “neutral” rating and a $15.00 price objective for the company. Zacks Investment Research upgraded Hostess Brands from a “sell” rating to a “buy” rating and set a $17.00 price objective for the company in a report on Thursday, July 13th. Finally, Morgan Stanley began coverage on Hostess Brands in a report on Monday, September 25th. They issued an “equal weight” rating and a $14.00 price objective for the company. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating, five have issued a buy rating and one has issued a strong buy rating to the company’s stock. Hostess Brands currently has a consensus rating of “Buy” and an average price target of $16.33.
About Hostess Brands
Hostess Brands, Inc, a packaged food company, focuses on developing, manufacturing, marketing, selling, and distributing fresh sweet baked goods in the United States. The company operates in two segments, Sweet Baked Goods and Other. Its principal product lines include Twinkies, Zingers, Donettes, coffee cakes, cupcakes, cinnamon rolls, Ding Dongs, honey buns, fruit pies, Sno Balls, mini muffins, Chocodiles, Ho Hos, brownies, Suzy Qs, bread and buns, danishes, jumbo muffins, iced cookies, eclairs, and madeleines.
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