Hostess Brands, Inc. (NASDAQ:TWNK) insider Cdm Hostess Class C, Llc sold 31,685 shares of the stock in a transaction dated Monday, December 18th. The stock was sold at an average price of $15.30, for a total transaction of $484,780.50. Following the completion of the transaction, the insider now directly owns 31,685 shares of the company’s stock, valued at $484,780.50. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link.
Cdm Hostess Class C, Llc also recently made the following trade(s):
- On Tuesday, January 2nd, Cdm Hostess Class C, Llc sold 25,752 shares of Hostess Brands stock. The stock was sold at an average price of $15.30, for a total transaction of $394,005.60.
Shares of Hostess Brands, Inc. (NASDAQ:TWNK) opened at $14.85 on Friday. The company has a quick ratio of 1.88, a current ratio of 2.18 and a debt-to-equity ratio of 0.77. Hostess Brands, Inc. has a fifty-two week low of $11.00 and a fifty-two week high of $17.18.
Hostess Brands (NASDAQ:TWNK) last announced its quarterly earnings results on Wednesday, November 8th. The company reported $0.14 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.13 by $0.01. The company had revenue of $192.30 million for the quarter, compared to the consensus estimate of $198.42 million. Hostess Brands had a net margin of 2.58% and a return on equity of 1.16%. The firm’s quarterly revenue was down 2.0% on a year-over-year basis. analysts forecast that Hostess Brands, Inc. will post 0.61 EPS for the current year.
Large investors have recently modified their holdings of the business. Morgan Stanley boosted its stake in shares of Hostess Brands by 34.8% during the 1st quarter. Morgan Stanley now owns 80,034 shares of the company’s stock worth $1,270,000 after purchasing an additional 20,653 shares during the period. Schwab Charles Investment Management Inc. boosted its stake in shares of Hostess Brands by 51.8% during the 1st 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 during the period. Credit Suisse AG lifted its holdings in Hostess Brands by 37.5% during the 1st quarter. Credit Suisse AG now owns 27,504 shares of the company’s stock valued at $437,000 after buying an additional 7,502 shares in the last quarter. Strs Ohio bought a new stake in Hostess Brands during the 2nd quarter valued at about $375,000. Finally, Sei Investments Co. lifted its holdings in Hostess Brands by 1,532.2% during the 2nd quarter. Sei Investments Co. now owns 171,037 shares of the company’s stock valued at $2,754,000 after buying an additional 160,558 shares in the last quarter. 78.60% of the stock is owned by institutional investors and hedge funds.
A number of equities research analysts have recently commented on TWNK shares. Morgan Stanley dropped their target price on shares of Hostess Brands from $14.00 to $12.00 and set an “equal weight” rating on the stock in a report on Thursday, November 9th. Royal Bank of Canada restated a “buy” rating and issued a $16.00 target price on shares of Hostess Brands in a report on Wednesday, October 25th. Zacks Investment Research cut shares of Hostess Brands from a “buy” rating to a “hold” rating in a report on Wednesday, November 15th. JPMorgan Chase & Co. initiated coverage on shares of Hostess Brands in a research report on Wednesday, October 11th. They issued a “neutral” rating and a $15.00 price target on the stock. Finally, SunTrust Banks increased their price target on shares of Hostess Brands to $20.00 and gave the stock a “buy” rating in a research report on Monday, December 18th. They noted that the move was a valuation call. One research analyst has rated the stock with a sell rating, three have issued a hold rating, five have assigned a buy rating and one has assigned a strong buy rating to the company. Hostess Brands presently has an average rating of “Buy” and a consensus price target of $16.89.
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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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