Other analysts have also issued research reports about the stock. Jefferies Financial Group reissued a buy rating and issued a $15.00 price objective on shares of Hostess Brands in a research report on Wednesday, June 24th. JPMorgan Chase & Co. upgraded shares of Hostess Brands to a hold rating in a report on Monday, June 1st. Morgan Stanley boosted their target price on shares of Hostess Brands from $11.00 to $12.00 and gave the stock an equal weight rating in a report on Monday, May 11th. ValuEngine upgraded shares of Hostess Brands from a sell rating to a hold rating in a report on Saturday, February 29th. Finally, Zacks Investment Research downgraded shares of Hostess Brands from a buy rating to a hold rating in a report on Saturday, May 16th. Six investment analysts have rated the stock with a hold rating and three have issued a buy rating to the company. The company has a consensus rating of Hold and a consensus price target of $14.83.
Shares of TWNK opened at $12.22 on Friday. The company has a debt-to-equity ratio of 0.71, a quick ratio of 1.38 and a current ratio of 1.66. Hostess Brands has a twelve month low of $9.32 and a twelve month high of $14.86. The firm’s 50 day moving average price is $12.02 and its two-hundred day moving average price is $12.53. The firm has a market cap of $1.60 billion, a P/E ratio of 33.95 and a beta of 0.79.
In other Hostess Brands news, insider Hostess Cdm Co-Invest, Llc sold 324,359 shares of the company’s stock in a transaction on Friday, June 5th. The shares were sold at an average price of $12.42, for a total value of $4,028,538.78. Following the transaction, the insider now directly owns 324,359 shares in the company, valued at $4,028,538.78. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Over the last quarter, insiders sold 923,577 shares of company stock worth $11,404,709. Corporate insiders own 7.10% of the company’s stock.
Several hedge funds have recently added to or reduced their stakes in the stock. Royal Bank of Canada grew its stake in shares of Hostess Brands by 6.6% in the first quarter. Royal Bank of Canada now owns 2,740,043 shares of the company’s stock valued at $29,210,000 after acquiring an additional 168,908 shares in the last quarter. Advisor Group Holdings Inc. acquired a new position in shares of Hostess Brands in the first quarter valued at about $38,000. AQR Capital Management LLC grew its stake in shares of Hostess Brands by 31.9% in the first quarter. AQR Capital Management LLC now owns 15,381 shares of the company’s stock valued at $164,000 after acquiring an additional 3,719 shares in the last quarter. Invesco Ltd. grew its stake in shares of Hostess Brands by 17.9% in the first quarter. Invesco Ltd. now owns 170,774 shares of the company’s stock valued at $1,820,000 after acquiring an additional 25,906 shares in the last quarter. Finally, Two Sigma Investments LP grew its stake in shares of Hostess Brands by 81.0% in the first quarter. Two Sigma Investments LP now owns 667,339 shares of the company’s stock valued at $7,114,000 after acquiring an additional 298,646 shares in the last quarter.
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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