Belpointe Asset Management LLC bought a new stake in shares of Hostess Brands, Inc. (NASDAQ:TWNK – Get Rating) during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund bought 5,177 shares of the company’s stock, valued at approximately $116,000.
Several other institutional investors and hedge funds also recently bought and sold shares of the stock. BlackRock Inc. lifted its position in Hostess Brands by 103.5% during the first 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 in the last quarter. Vanguard Group Inc. raised its holdings in Hostess Brands by 0.6% during the third quarter. Vanguard Group Inc. now owns 15,997,837 shares of the company’s stock valued at $371,790,000 after acquiring an additional 96,984 shares during the period. Dimensional Fund Advisors LP raised its holdings in Hostess Brands by 2.6% during the third quarter. Dimensional Fund Advisors LP now owns 9,037,904 shares of the company’s stock valued at $210,046,000 after acquiring an additional 229,103 shares during the period. State Street Corp raised its holdings in Hostess Brands by 1.1% during the second quarter. State Street Corp now owns 5,004,593 shares of the company’s stock valued at $106,147,000 after acquiring an additional 55,673 shares during the period. Finally, Goldman Sachs Group Inc. raised its holdings in Hostess Brands by 9.0% during the second quarter. Goldman Sachs Group Inc. now owns 3,887,112 shares of the company’s stock valued at $82,446,000 after acquiring an additional 320,776 shares during the period.
Wall Street Analyst Weigh In
A number of research firms have commented on TWNK. Deutsche Bank Aktiengesellschaft decreased their price target on Hostess Brands from $25.00 to $23.00 and set a “hold” rating on the stock in a report on Monday, March 20th. UBS Group began coverage on Hostess Brands in a report on Sunday, March 19th. They set a “neutral” rating and a $26.00 price target on the stock. Jefferies Financial Group raised their price target on Hostess Brands from $30.00 to $31.00 in a report on Friday, April 28th. Credit Suisse Group decreased their price target on Hostess Brands from $29.00 to $27.00 and set an “outperform” rating on the stock in a report on Friday, February 10th. Finally, StockNews.com initiated coverage on Hostess Brands in a report on Thursday. They issued a “hold” rating on the stock. Four analysts have rated the stock with a hold rating and two have given a buy rating to the stock. According to MarketBeat, Hostess Brands currently has a consensus rating of “Hold” and an average price target of $26.83.
Hostess Brands Trading Up 1.4 %
Hostess Brands (NASDAQ:TWNK – Get Rating) last released its quarterly earnings results on Tuesday, May 9th. The company reported $0.28 EPS for the quarter, topping the consensus estimate of $0.27 by $0.01. The company had revenue of $345.40 million during the quarter, compared to analyst estimates of $338.44 million. Hostess Brands had a return on equity of 7.52% and a net margin of 12.24%. The firm’s revenue was up 4.0% on a year-over-year basis. During the same quarter last year, the business posted $0.27 earnings per share. Equities research analysts predict that Hostess Brands, Inc. will post 1.11 EPS for the current fiscal year.
About Hostess Brands
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.
See Also
- Get a free copy of the StockNews.com research report on Hostess Brands (TWNK)
- It’s Time To Take Another Bite Of Take-Two Interactive
- Zoetis Declares New Dividend, Hinting At Undervaluation
- Good News For Walmart Isn’t So Great For Everybody Else
- Eagle Materials, Answering America’s Building Supply Needs
- Pharma Giants Novartis, Lilly, Merck, and Novo Outperform Market
Want to see what other hedge funds are holding TWNK? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Hostess Brands, Inc. (NASDAQ:TWNK – Get Rating).
Receive News & Ratings for Hostess Brands Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Hostess Brands and related companies with MarketBeat.com's FREE daily email newsletter.
