Hostess Brands (NASDAQ:TWNK) was downgraded by equities researchers at BidaskClub from a “sell” rating to a “strong sell” rating in a research note issued on Tuesday.
TWNK has been the subject of several other research reports. Zacks Investment Research raised shares of Hostess Brands from a “sell” rating to a “hold” rating in a research note on Thursday, October 18th. Citigroup started coverage on shares of Hostess Brands in a research note on Wednesday, September 26th. They set a “neutral” rating and a $13.00 price target for the company. SunTrust Banks downgraded shares of Hostess Brands from a “buy” rating to a “hold” rating in a research note on Wednesday, August 8th. Finally, Royal Bank of Canada downgraded shares of Hostess Brands from an “outperform” rating to a “sector perform” rating in a research note on Wednesday, August 8th. One equities research analyst has rated the stock with a sell rating, seven have assigned a hold rating and three have issued a buy rating to the company. Hostess Brands presently has an average rating of “Hold” and an average price target of $16.00.
Shares of NASDAQ TWNK opened at $10.40 on Tuesday. The company has a quick ratio of 1.75, a current ratio of 2.03 and a debt-to-equity ratio of 0.64. The stock has a market capitalization of $1.31 billion, a price-to-earnings ratio of 16.51 and a beta of -0.04. Hostess Brands has a 1 year low of $9.86 and a 1 year high of $15.40.
In other Hostess Brands news, Director Larry E. Bodner acquired 10,000 shares of the business’s stock in a transaction that occurred on Tuesday, August 14th. The shares were bought at an average cost of $11.93 per share, with a total value of $119,300.00. Following the completion of the acquisition, the director now directly owns 26,609 shares in the company, valued at approximately $317,445.37. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, insider Andrew Wilson Jacobs acquired 8,275 shares of the business’s stock in a transaction that occurred on Friday, August 10th. The shares were acquired at an average cost of $12.15 per share, for a total transaction of $100,541.25. Following the completion of the acquisition, the insider now owns 27,209 shares of the company’s stock, valued at $330,589.35. The disclosure for this purchase can be found here. Insiders own 24.60% of the company’s stock.
A number of hedge funds have recently modified their holdings of TWNK. JPMorgan Chase & Co. increased its holdings in Hostess Brands by 108.9% during the first quarter. JPMorgan Chase & Co. now owns 68,670 shares of the company’s stock valued at $1,016,000 after buying an additional 35,805 shares during the period. Guggenheim Capital LLC increased its holdings in Hostess Brands by 346.5% during the first quarter. Guggenheim Capital LLC now owns 393,685 shares of the company’s stock valued at $5,822,000 after buying an additional 305,518 shares during the period. Millennium Management LLC purchased a new position in Hostess Brands during the first quarter valued at approximately $2,172,000. Legal & General Group Plc increased its holdings in Hostess Brands by 17.2% during the first quarter. Legal & General Group Plc now owns 35,214 shares of the company’s stock valued at $521,000 after buying an additional 5,161 shares during the period. Finally, Xact Kapitalforvaltning AB increased its holdings in Hostess Brands by 55.8% during the first quarter. Xact Kapitalforvaltning AB now owns 17,600 shares of the company’s stock valued at $260,000 after buying an additional 6,300 shares during the period. 85.12% of the stock is currently owned by institutional investors.
About Hostess Brands
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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