State of New Jersey Common Pension Fund D Reduces Holdings in Hostess Brands, Inc. (NASDAQ:TWNK)

Posted by Defense World Staff on Apr 29th, 2023

State of New Jersey Common Pension Fund D reduced its holdings in shares of Hostess Brands, Inc. (NASDAQ:TWNK – Get Rating) by 17.5% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 89,348 shares of the company’s stock after selling 18,932 shares during the period. State of New Jersey Common Pension Fund D owned 0.07% of Hostess Brands worth $2,005,000 at the end of the most recent reporting period.

A number of other large investors also recently bought and sold shares of the business. Zurcher Kantonalbank Zurich Cantonalbank lifted its position in Hostess Brands by 30.7% during the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 23,222 shares of the company’s stock valued at $521,000 after acquiring an additional 5,460 shares during the period. Knights of Columbus Asset Advisors LLC purchased a new position in Hostess Brands during the 4th quarter valued at about $1,456,000. James Investment Research Inc. lifted its position in Hostess Brands by 50.0% during the 4th quarter. James Investment Research Inc. now owns 3,928 shares of the company’s stock valued at $88,000 after acquiring an additional 1,310 shares during the period. Empowered Funds LLC lifted its position in Hostess Brands by 23.8% during the 4th quarter. Empowered Funds LLC now owns 110,245 shares of the company’s stock valued at $2,474,000 after acquiring an additional 21,215 shares during the period. Finally, Calamos Advisors LLC purchased a new position in Hostess Brands during the 4th quarter valued at about $390,000.

Hostess Brands Stock Performance

Shares of TWNK stock opened at $25.76 on Friday. The company has a 50 day moving average price of $24.66 and a 200-day moving average price of $24.44. Hostess Brands, Inc. has a 52 week low of $19.00 and a 52 week high of $29.00. The firm has a market capitalization of $3.44 billion, a PE ratio of 21.65 and a beta of 0.63. 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 announced its quarterly earnings results on Tuesday, February 21st. The company reported $0.24 EPS for the quarter, hitting analysts’ consensus estimates of $0.24. Hostess Brands had a net margin of 12.09% and a return on equity of 7.56%. The firm had revenue of $339.46 million during the quarter, compared to analyst estimates of $331.29 million. During the same period in the previous year, the business posted $0.25 earnings per share. The business’s revenue for the quarter was up 14.2% on a year-over-year basis. As a group, equities research analysts expect that Hostess Brands, Inc. will post 1.1 earnings per share for the current year.

Analyst Ratings Changes

A number of research analysts recently issued reports on TWNK shares. Deutsche Bank Aktiengesellschaft lowered their price target on shares of Hostess Brands from $25.00 to $23.00 and set a “hold” rating for the company in a research report on Monday, March 20th. StockNews.com started coverage on shares of Hostess Brands in a report on Thursday, March 16th. They issued a “hold” rating for the company. Credit Suisse Group decreased their target price on shares of Hostess Brands from $29.00 to $27.00 and set an “outperform” rating for the company in a report on Friday, February 10th. UBS Group started coverage on shares of Hostess Brands in a report on Sunday, March 19th. They issued a “neutral” rating and a $26.00 target price for the company. Finally, Jefferies Financial Group lifted their target price on shares of Hostess Brands from $30.00 to $31.00 in a report on Friday. Four investment analysts have rated the stock with a hold rating and two have assigned a buy rating to the company’s stock. According to MarketBeat, the company has a consensus rating of “Hold” and an average price target of $27.00.

Hostess Brands Profile

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Hostess Brands, Inc engages in developing, manufacturing, marketing, selling, and distributing baked goods. It operates through the 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.