New York Life Investment Management LLC acquired a new stake in Hostess Brands, Inc. (NASDAQ:TWNK – Free Report) in the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor acquired 19,188 shares of the company’s stock, valued at approximately $477,000.
Several other institutional investors and hedge funds also recently made changes to their positions in TWNK. UMB Bank n.a. acquired a new position in shares of Hostess Brands in the first quarter valued at approximately $28,000. Point72 Asset Management L.P. bought a new stake in Hostess Brands in the fourth quarter valued at approximately $33,000. IFP Advisors Inc boosted its holdings in Hostess Brands by 58.3% in the fourth quarter. IFP Advisors Inc now owns 2,472 shares of the company’s stock valued at $36,000 after acquiring an additional 910 shares during the last quarter. Captrust Financial Advisors boosted its holdings in Hostess Brands by 31.3% in the second quarter. Captrust Financial Advisors now owns 2,711 shares of the company’s stock valued at $58,000 after acquiring an additional 647 shares during the last quarter. Finally, State of Wyoming boosted its holdings in Hostess Brands by 43.5% in the fourth quarter. State of Wyoming now owns 4,289 shares of the company’s stock valued at $96,000 after acquiring an additional 1,300 shares during the last quarter.
Analyst Ratings Changes
Several brokerages recently commented on TWNK. Deutsche Bank Aktiengesellschaft reduced their target price on Hostess Brands from $25.00 to $24.00 and set a “hold” rating on the stock in a report on Wednesday, August 9th. Jefferies Financial Group increased their price target on Hostess Brands from $30.00 to $31.00 in a report on Friday, April 28th. Morgan Stanley cut their price target on Hostess Brands from $27.00 to $25.00 and set an “equal weight” rating on the stock in a report on Wednesday, August 9th. JPMorgan Chase & Co. cut their price target on Hostess Brands from $29.00 to $28.00 and set an “overweight” rating on the stock in a report on Monday, July 17th. Finally, StockNews.com assumed coverage on Hostess Brands in a report on Thursday. They set a “hold” rating on the stock. Four analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus price target of $26.83.
Hostess Brands Price Performance
Shares of NASDAQ:TWNK opened at $22.97 on Thursday. The company has a quick ratio of 1.47, a current ratio of 1.80 and a debt-to-equity ratio of 0.53. Hostess Brands, Inc. has a twelve month low of $21.59 and a twelve month high of $29.00. The stock’s 50 day moving average is $24.75 and its 200-day moving average is $24.76. The firm has a market capitalization of $3.05 billion, a price-to-earnings ratio of 18.52, a PEG ratio of 2.28 and a beta of 0.62.
Hostess Brands (NASDAQ:TWNK – Get Free Report) last released its quarterly earnings results on Tuesday, August 8th. The company reported $0.28 EPS for the quarter, beating analysts’ consensus estimates of $0.27 by $0.01. The business had revenue of $352.36 million during the quarter, compared to analyst estimates of $359.24 million. Hostess Brands had a return on equity of 7.82% and a net margin of 12.28%. Hostess Brands’s quarterly revenue was up 3.5% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.22 EPS. Sell-side analysts forecast that Hostess Brands, Inc. will post 1.12 EPS for the current fiscal year.
Hostess Brands Profile
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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