Hostess Brands Inc (NASDAQ:TWNK) was the target of a significant decline in short interest in October. As of October 31st, there was short interest totalling 15,829,888 shares, a decline of 10.6% from the October 15th total of 17,697,018 shares. Approximately 16.7% of the shares of the company are sold short. Based on an average daily volume of 1,462,378 shares, the short-interest ratio is presently 10.8 days.
NASDAQ TWNK opened at $11.21 on Friday. The company has a debt-to-equity ratio of 0.64, a quick ratio of 1.75 and a current ratio of 2.03. Hostess Brands has a 12-month low of $9.86 and a 12-month high of $15.40. The company has a market cap of $1.44 billion, a price-to-earnings ratio of 17.79 and a beta of 0.28.
Hostess Brands (NASDAQ:TWNK) last released its earnings results on Wednesday, November 7th. The company reported $0.10 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.12 by ($0.02). Hostess Brands had a return on equity of 3.78% and a net margin of 27.74%. The business had revenue of $211.00 million for the quarter, compared to analyst estimates of $208.64 million. During the same quarter in the previous year, the firm posted $0.14 EPS. The business’s revenue for the quarter was up 9.7% on a year-over-year basis. As a group, equities research analysts forecast that Hostess Brands will post 0.55 EPS for the current year.
Several equities analysts recently issued reports on TWNK shares. Zacks Investment Research cut Hostess Brands from a “hold” rating to a “sell” rating in a research report on Thursday, September 6th. BidaskClub cut Hostess Brands from a “hold” rating to a “sell” rating in a research report on Friday, September 21st. Citigroup started coverage on Hostess Brands in a research report on Wednesday, September 26th. They issued a “neutral” rating and a $13.00 price target on the stock. SunTrust Banks cut Hostess Brands from a “buy” rating to a “hold” rating in a research report on Wednesday, August 8th. Finally, Royal Bank of Canada cut Hostess Brands from an “outperform” rating to a “sector perform” rating in a research report on Wednesday, August 8th. Eight investment analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and an average price target of $14.89.
In other news, Director Larry E. Bodner bought 10,000 shares of the business’s stock in a transaction dated Tuesday, August 14th. The shares were acquired at an average price of $11.93 per share, for a total transaction of $119,300.00. Following the completion of the transaction, the director now owns 26,609 shares of the company’s stock, valued at $317,445.37. The purchase was disclosed in a legal filing with the SEC, which is available through this hyperlink. 24.60% of the stock is currently owned by insiders.
Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Voya Investment Management LLC increased its position in Hostess Brands by 4.0% during the 2nd quarter. Voya Investment Management LLC now owns 1,461,761 shares of the company’s stock worth $19,880,000 after purchasing an additional 55,551 shares during the period. Nomura Holdings Inc. increased its position in Hostess Brands by 64.1% during the 2nd quarter. Nomura Holdings Inc. now owns 102,448 shares of the company’s stock worth $1,393,000 after purchasing an additional 40,000 shares during the period. Sei Investments Co. increased its position in Hostess Brands by 9.3% during the 2nd quarter. Sei Investments Co. now owns 581,569 shares of the company’s stock worth $7,910,000 after purchasing an additional 49,463 shares during the period. SG Americas Securities LLC acquired a new position in Hostess Brands during the 2nd quarter worth approximately $181,000. Finally, Campbell & CO Investment Adviser LLC acquired a new position in Hostess Brands during the 2nd quarter worth approximately $209,000. Institutional investors own 85.44% of the company’s stock.
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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 coffee cakes, cinnamon rolls, honey buns, brownies, bread and buns, jumbo muffins, and eclairs under the Twinkies, CupCakes, Ding Dongs, Zingers, HoHos, Donettes, Dolly Madison, and Superior on Main brands.
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