Insider Selling: Hostess Brands Inc (NASDAQ:TWNK) Insider Sells 132,270 Shares of Stock

Hostess Brands Inc (NASDAQ:TWNK) insider Hostess Cdm Co-Invest, Llc sold 132,270 shares of the firm’s stock in a transaction on Wednesday, January 8th. The stock was sold at an average price of $14.19, for a total value of $1,876,911.30. Following the completion of the transaction, the insider now owns 132,270 shares in the company, valued at $1,876,911.30. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink.

Hostess Cdm Co-Invest, Llc also recently made the following trade(s):

  • On Friday, January 10th, Hostess Cdm Co-Invest, Llc sold 80,726 shares of Hostess Brands stock. The stock was sold at an average price of $14.10, for a total value of $1,138,236.60.
  • On Monday, January 6th, Hostess Cdm Co-Invest, Llc sold 103,798 shares of Hostess Brands stock. The stock was sold at an average price of $14.22, for a total value of $1,476,007.56.
  • On Thursday, January 2nd, Hostess Cdm Co-Invest, Llc sold 91,272 shares of Hostess Brands stock. The stock was sold at an average price of $14.26, for a total value of $1,301,538.72.
  • On Monday, December 23rd, Hostess Cdm Co-Invest, Llc sold 57,111 shares of Hostess Brands stock. The stock was sold at an average price of $14.49, for a total value of $827,538.39.
  • On Friday, December 20th, Hostess Cdm Co-Invest, Llc sold 133,284 shares of Hostess Brands stock. The stock was sold at an average price of $14.55, for a total value of $1,939,282.20.
  • On Friday, December 13th, Hostess Cdm Co-Invest, Llc sold 500,000 shares of Hostess Brands stock. The stock was sold at an average price of $14.06, for a total value of $7,030,000.00.

Hostess Brands stock traded down $0.03 during mid-day trading on Friday, hitting $14.09. 592,900 shares of the company’s stock were exchanged, compared to its average volume of 909,486. The firm has a market capitalization of $1.84 billion, a P/E ratio of 26.09 and a beta of 0.56. Hostess Brands Inc has a fifty-two week low of $11.04 and a fifty-two week high of $14.86. The company has a quick ratio of 2.49, a current ratio of 2.73 and a debt-to-equity ratio of 0.62. The company’s 50 day simple moving average is $14.13 and its 200-day simple moving average is $13.94.

Hostess Brands (NASDAQ:TWNK) last issued its quarterly earnings data on Wednesday, November 6th. The company reported $0.13 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.12 by $0.01. The business had revenue of $227.21 million for the quarter, compared to the consensus estimate of $212.80 million. Hostess Brands had a return on equity of 4.19% and a net margin of 5.88%. The firm’s revenue was up 7.7% compared to the same quarter last year. During the same quarter last year, the business posted $0.10 EPS. Research analysts expect that Hostess Brands Inc will post 0.61 EPS for the current year.

A number of institutional investors have recently modified their holdings of TWNK. Diversified Trust Co raised its stake in shares of Hostess Brands by 22.8% in the 4th quarter. Diversified Trust Co now owns 42,175 shares of the company’s stock valued at $613,000 after purchasing an additional 7,828 shares during the period. Nomura Holdings Inc. acquired a new stake in shares of Hostess Brands in the 3rd quarter valued at about $1,302,000. Maverick Capital Ltd. raised its stake in shares of Hostess Brands by 224.0% in the 3rd quarter. Maverick Capital Ltd. now owns 866,992 shares of the company’s stock valued at $12,125,000 after purchasing an additional 599,382 shares during the period. Metropolitan Life Insurance Co NY raised its stake in shares of Hostess Brands by 25.3% in the 3rd quarter. Metropolitan Life Insurance Co NY now owns 38,738 shares of the company’s stock valued at $542,000 after purchasing an additional 7,823 shares during the period. Finally, Millennium Management LLC raised its stake in shares of Hostess Brands by 1,923.7% in the 3rd quarter. Millennium Management LLC now owns 1,971,799 shares of the company’s stock valued at $27,575,000 after purchasing an additional 1,874,364 shares during the period.

Several brokerages recently commented on TWNK. Deutsche Bank began coverage on Hostess Brands in a research note on Wednesday, December 11th. They set a “hold” rating and a $16.00 price objective on the stock. Zacks Investment Research raised Hostess Brands from a “hold” rating to a “buy” rating and set a $16.00 price objective on the stock in a research note on Friday. Morgan Stanley raised their price objective on Hostess Brands from $14.00 to $15.00 and gave the stock an “equal weight” rating in a research note on Tuesday, December 3rd. SunTrust Banks dropped their price objective on Hostess Brands from $17.00 to $16.00 and set a “hold” rating on the stock in a research note on Friday, September 20th. Finally, JPMorgan Chase & Co. reaffirmed an “overweight” rating on shares of Hostess Brands in a research note on Tuesday, December 3rd. Four equities research analysts have rated the stock with a hold rating and five have given a buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and a consensus target price of $15.75.

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 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.

Further Reading: What is an Initial Coin Offering (ICO)?

Insider Buying and Selling by Quarter for Hostess Brands (NASDAQ:TWNK)

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