New York State Teachers Retirement System lowered its position in Hostess Brands, Inc. (NASDAQ:TWNK – Free Report) by 3.2% during the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 50,840 shares of the company’s stock after selling 1,700 shares during the period. New York State Teachers Retirement System’s holdings in Hostess Brands were worth $1,287,000 as of its most recent SEC filing.
Other hedge funds have also recently bought and sold shares of the company. Ziegler Capital Management LLC boosted its position in Hostess Brands by 26.7% during the second quarter. Ziegler Capital Management LLC now owns 330,500 shares of the company’s stock worth $8,368,000 after purchasing an additional 69,561 shares in the last quarter. AMI Asset Management Corp boosted its position in shares of Hostess Brands by 4.6% in the 2nd quarter. AMI Asset Management Corp now owns 120,148 shares of the company’s stock worth $3,042,000 after buying an additional 5,328 shares in the last quarter. Creative Planning grew its stake in Hostess Brands by 33.2% in the 2nd quarter. Creative Planning now owns 18,020 shares of the company’s stock valued at $456,000 after acquiring an additional 4,491 shares during the last quarter. Louisiana State Employees Retirement System increased its holdings in Hostess Brands by 11.7% during the 2nd quarter. Louisiana State Employees Retirement System now owns 69,700 shares of the company’s stock valued at $1,765,000 after acquiring an additional 7,300 shares in the last quarter. Finally, Everhart Financial Group Inc. raised its position in Hostess Brands by 4.1% during the second quarter. Everhart Financial Group Inc. now owns 11,663 shares of the company’s stock worth $295,000 after acquiring an additional 460 shares during the last quarter.
Wall Street Analyst Weigh In
Several research firms have weighed in on TWNK. Morgan Stanley dropped their price target on Hostess Brands from $27.00 to $25.00 and set an “equal weight” rating for the company in a research report on Wednesday, August 9th. Deutsche Bank Aktiengesellschaft reduced their target price on shares of Hostess Brands from $25.00 to $24.00 and set a “hold” rating on the stock in a report on Wednesday, August 9th. TD Cowen started coverage on shares of Hostess Brands in a report on Wednesday, September 13th. They set a “market perform” rating and a $34.00 price target for the company. Citigroup reissued a “neutral” rating and set a $34.00 price objective (up previously from $32.00) on shares of Hostess Brands in a research note on Monday, October 16th. Finally, Stephens lowered shares of Hostess Brands from an “overweight” rating to an “equal weight” rating in a research report on Tuesday, September 12th. One equities research analyst has rated the stock with a sell rating, ten have issued a hold rating and one has issued a buy rating to the stock. According to data from MarketBeat, Hostess Brands presently has a consensus rating of “Hold” and a consensus target price of $29.58.
Hostess Brands Trading Up 0.4 %
Shares of TWNK opened at $33.28 on Wednesday. Hostess Brands, Inc. has a twelve month low of $21.59 and a twelve month high of $33.74. The firm has a market capitalization of $4.42 billion, a P/E ratio of 26.84, a price-to-earnings-growth ratio of 3.25 and a beta of 0.55. The company has a current ratio of 1.80, a quick ratio of 1.47 and a debt-to-equity ratio of 0.53. The stock’s fifty day simple moving average is $30.61 and its 200 day simple moving average is $27.09.
Hostess Brands (NASDAQ:TWNK – Get Free Report) last released its quarterly earnings data on Tuesday, August 8th. The company reported $0.28 EPS 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 for the quarter, compared to the consensus estimate of $359.24 million. During the same period last year, the business posted $0.22 EPS. The company’s quarterly revenue was up 3.5% compared to the same quarter last year. On average, equities research analysts forecast that Hostess Brands, Inc. will post 1.12 earnings per share for the current 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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