Hostess Brands Inc (NASDAQ:TWNK) Shares Sold by Raymond James & Associates

Raymond James & Associates reduced its position in Hostess Brands Inc (NASDAQ:TWNK) by 5.7% during the first quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 1,395,098 shares of the company’s stock after selling 85,042 shares during the quarter. Raymond James & Associates owned approximately 1.07% of Hostess Brands worth $17,439,000 as of its most recent filing with the SEC.

Other large investors have also recently bought and sold shares of the company. Vanguard Group Inc. raised its position in shares of Hostess Brands by 5.5% in the 3rd quarter. Vanguard Group Inc. now owns 8,190,752 shares of the company’s stock worth $90,671,000 after purchasing an additional 428,147 shares during the last quarter. BlackRock Inc. raised its position in Hostess Brands by 5.6% in the 4th quarter. BlackRock Inc. now owns 6,886,570 shares of the company’s stock worth $75,339,000 after buying an additional 364,332 shares during the last quarter. Dimensional Fund Advisors LP raised its position in Hostess Brands by 12.0% in the 4th quarter. Dimensional Fund Advisors LP now owns 6,402,025 shares of the company’s stock worth $70,037,000 after buying an additional 686,428 shares during the last quarter. River Road Asset Management LLC raised its position in Hostess Brands by 2.1% in the 1st quarter. River Road Asset Management LLC now owns 6,211,047 shares of the company’s stock worth $77,638,000 after buying an additional 129,894 shares during the last quarter. Finally, Victory Capital Management Inc. raised its position in Hostess Brands by 35.2% in the 1st quarter. Victory Capital Management Inc. now owns 2,691,327 shares of the company’s stock worth $33,642,000 after buying an additional 701,054 shares during the last quarter. 84.86% of the stock is currently owned by institutional investors.

A number of equities research analysts have issued reports on TWNK shares. TheStreet upgraded Hostess Brands from a “c+” rating to a “b-” rating in a research note on Monday, March 4th. Deutsche Bank upgraded Hostess Brands from a “hold” rating to a “buy” rating and boosted their price target for the company from $12.00 to $15.00 in a research note on Tuesday, April 2nd. Evercore ISI initiated coverage on Hostess Brands in a research note on Tuesday. They set an “outperform” rating and a $16.00 price objective for the company. BidaskClub downgraded Hostess Brands from a “buy” rating to a “hold” rating in a research note on Friday, March 1st. Finally, JPMorgan Chase & Co. reiterated an “overweight” rating and set a $14.00 price objective on shares of Hostess Brands in a research note on Thursday, May 9th. Six investment analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. Hostess Brands currently has a consensus rating of “Hold” and an average price target of $13.50.

TWNK stock traded up $0.02 during midday trading on Friday, hitting $13.58. The company’s stock had a trading volume of 702,613 shares, compared to its average volume of 965,621. Hostess Brands Inc has a 12 month low of $9.86 and a 12 month high of $14.70. The company has a debt-to-equity ratio of 0.62, a current ratio of 2.19 and a quick ratio of 1.91. The company has a market capitalization of $1.77 billion, a price-to-earnings ratio of 25.15 and a beta of 0.50.

Hostess Brands (NASDAQ:TWNK) last posted its quarterly earnings results on Wednesday, May 8th. The company reported $0.14 earnings per share for the quarter, hitting the Thomson Reuters’ consensus estimate of $0.14. The business had revenue of $222.74 million during the quarter, compared to the consensus estimate of $210.90 million. Hostess Brands had a return on equity of 3.60% and a net margin of 6.96%. Sell-side analysts anticipate that Hostess Brands Inc will post 0.62 EPS for the current fiscal year.

In related news, insider Hostess Cdm Co-Invest, Llc sold 1,174,376 shares of the stock in a transaction on Wednesday, April 3rd. The stock was sold at an average price of $12.96, for a total transaction of $15,219,912.96. Following the sale, the insider now owns 765,059 shares in the company, valued at approximately $9,915,164.64. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, Director C. Dean Metropoulos sold 1,834,300 shares of the stock in a transaction on Friday, May 17th. The shares were sold at an average price of $13.31, for a total value of $24,414,533.00. Following the sale, the director now owns 458,939 shares in the company, valued at approximately $6,108,478.09. The disclosure for this sale can be found here. Insiders have sold a total of 9,174,376 shares of company stock worth $121,699,913 over the last ninety days. Insiders own 24.60% 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 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.

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Institutional Ownership by Quarter for Hostess Brands (NASDAQ:TWNK)

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