Federated Hermes Inc. reduced its stake in Hostess Brands, Inc. (NASDAQ:TWNK – Free Report) by 17.9% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 455,181 shares of the company’s stock after selling 99,172 shares during the quarter. Federated Hermes Inc. owned 0.34% of Hostess Brands worth $11,325,000 at the end of the most recent reporting period.
Several other hedge funds and other institutional investors also recently modified their holdings of the stock. Sigma Planning Corp acquired a new stake in shares of Hostess Brands in the 1st quarter valued at approximately $281,000. Truist Financial Corp lifted its holdings in shares of Hostess Brands by 10.1% in the 1st quarter. Truist Financial Corp now owns 21,328 shares of the company’s stock valued at $531,000 after buying an additional 1,952 shares during the period. Pitcairn Co. acquired a new stake in shares of Hostess Brands in the 1st quarter valued at approximately $294,000. Barclays PLC lifted its holdings in shares of Hostess Brands by 29.8% in the 1st quarter. Barclays PLC now owns 136,518 shares of the company’s stock valued at $3,397,000 after buying an additional 31,354 shares during the period. Finally, First National Bank of Omaha acquired a new stake in shares of Hostess Brands in the 1st quarter valued at approximately $506,000.
Wall Street Analyst Weigh In
Several analysts have recently commented on the company. StockNews.com assumed coverage on Hostess Brands in a report on Thursday, May 18th. They issued a “hold” rating for the company. Morgan Stanley reduced their price target on Hostess Brands from $27.00 to $25.00 and set an “equal weight” rating for the company in a report on Wednesday. Deutsche Bank Aktiengesellschaft reduced their price target on Hostess Brands from $25.00 to $24.00 and set a “hold” rating for the company in a report on Wednesday. JPMorgan Chase & Co. reduced their price objective on Hostess Brands from $29.00 to $28.00 and set an “overweight” rating for the company in a report on Monday, July 17th. Finally, Jefferies Financial Group lifted their price objective on Hostess Brands from $30.00 to $31.00 in a report on Friday, April 28th. Four research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company’s stock. Based on data from MarketBeat, Hostess Brands currently has a consensus rating of “Hold” and an average price target of $26.83.
Hostess Brands Stock Performance
Shares of TWNK stock opened at $23.38 on Friday. Hostess Brands, Inc. has a 1 year low of $21.59 and a 1 year high of $29.00. The stock has a market cap of $3.11 billion, a PE ratio of 18.85, a P/E/G ratio of 2.27 and a beta of 0.62. The stock has a fifty day moving average price of $24.91 and a 200 day moving average price of $24.74. The company has a debt-to-equity ratio of 0.53, a quick ratio of 1.47 and a current ratio of 1.80.
Hostess Brands (NASDAQ:TWNK – Get Free Report) last released its quarterly earnings results on Tuesday, August 8th. The company reported $0.28 earnings per share for the quarter, topping analysts’ consensus estimates of $0.27 by $0.01. Hostess Brands had a return on equity of 7.82% and a net margin of 12.28%. The company had revenue of $352.36 million during the quarter, compared to analysts’ expectations of $359.24 million. During the same period in the previous year, the firm posted $0.22 earnings per share. The business’s revenue for the quarter was up 3.5% compared to the same quarter last year. Sell-side analysts forecast that Hostess Brands, Inc. will post 1.12 earnings per share for the current fiscal year.
About Hostess Brands
Hostess Brands, Inc develops, manufactures, markets, sells, and distributes snack products in the United States and Canada. The company provides a range of snack cakes, donuts, sweet rolls, breakfast pastries, cookies, snack pies, sweet baked goods, wafers, bread and buns, danishes, honey buns, coffee cakes, and sugar-free products.
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