10,137 Shares in Hostess Brands, Inc. (NASDAQ:TWNK) Purchased by Parallax Volatility Advisers L.P.

Posted by on Mar 13th, 2023

Parallax Volatility Advisers L.P. purchased a new position in shares of Hostess Brands, Inc. (NASDAQ:TWNK – Get Rating) during the 3rd quarter, according to the company in its most recent filing with the SEC. The institutional investor purchased 10,137 shares of the company’s stock, valued at approximately $236,000.

Several other institutional investors and hedge funds have also added to or reduced their stakes in TWNK. BlackRock Inc. lifted its position in Hostess Brands by 103.5% during the 1st quarter. BlackRock Inc. now owns 24,077,759 shares of the company’s stock valued at $528,266,000 after purchasing an additional 12,247,765 shares during the period. Vanguard Group Inc. increased its stake in shares of Hostess Brands by 18.5% in the 1st quarter. Vanguard Group Inc. now owns 15,734,264 shares of the company’s stock valued at $345,209,000 after acquiring an additional 2,458,428 shares during the last quarter. State Street Corp increased its stake in shares of Hostess Brands by 81.7% in the 1st quarter. State Street Corp now owns 4,948,920 shares of the company’s stock valued at $108,579,000 after acquiring an additional 2,225,559 shares during the last quarter. Invesco Ltd. increased its stake in shares of Hostess Brands by 208.5% in the 1st quarter. Invesco Ltd. now owns 1,271,547 shares of the company’s stock valued at $27,898,000 after acquiring an additional 859,310 shares during the last quarter. Finally, Bank of New York Mellon Corp increased its stake in shares of Hostess Brands by 112.1% in the 1st quarter. Bank of New York Mellon Corp now owns 1,463,670 shares of the company’s stock valued at $32,113,000 after acquiring an additional 773,528 shares during the last quarter.

Analyst Ratings Changes

TWNK has been the subject of a number of recent analyst reports. Credit Suisse Group lowered their price target on Hostess Brands from $29.00 to $27.00 and set an “outperform” rating for the company in a research note on Friday, February 10th. Morgan Stanley cut Hostess Brands from an “overweight” rating to an “equal weight” rating and lowered their target price for the stock from $30.00 to $25.00 in a research note on Tuesday, December 20th.

Hostess Brands Price Performance

Shares of TWNK opened at $24.13 on Monday. The stock has a market capitalization of $3.22 billion, a P/E ratio of 20.28 and a beta of 0.59. Hostess Brands, Inc. has a twelve month low of $19.00 and a twelve month high of $29.00. The company has a 50 day moving average of $23.16 and a 200-day moving average of $24.17. The company has a quick ratio of 1.34, a current ratio of 1.64 and a debt-to-equity ratio of 0.56.

Hostess Brands (NASDAQ:TWNK – Get Rating) last issued its quarterly earnings results on Tuesday, February 21st. The company reported $0.24 earnings per share for the quarter, hitting the consensus estimate of $0.24. The company had revenue of $339.46 million during the quarter, compared to analysts’ expectations of $331.29 million. Hostess Brands had a net margin of 12.09% and a return on equity of 7.56%. The business’s quarterly revenue was up 14.2% on a year-over-year basis. During the same period last year, the business earned $0.25 EPS. As a group, equities research analysts forecast that Hostess Brands, Inc. will post 1.1 EPS for the current fiscal year.

Hostess Brands Profile

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Hostess Brands, Inc engages in developing, manufacturing, marketing, selling and distributing baked goods. It operates through Snacking segment, which consists of sweet baked goods, cookies, bread and buns, and frozen retail products that are sold under the Hostess �, Dolly Madison �, Cloverhill �, Big Texas �, and Voortman � brands.

Further Reading

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

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