HOSTESS BRANDS (NASDAQ:TWNK) CEO William Douglas Toler purchased 75,000 shares of the stock in a transaction dated Friday, August 11th. The shares were acquired at an average price of $13.86 per share, with a total value of $1,039,500.00. Following the transaction, the chief executive officer now owns 560,000 shares in the company, valued at $7,761,600. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available through this link.
William Douglas Toler also recently made the following trade(s):
- On Wednesday, May 31st, William Douglas Toler purchased 50,000 shares of HOSTESS BRANDS stock. The shares were acquired at an average price of $15.85 per share, with a total value of $792,500.00.
HOSTESS BRANDS (TWNK) opened at 13.33 on Friday. The company’s 50-day moving average is $15.31 and its 200-day moving average is $15.70. The firm’s market cap is $1.33 billion. HOSTESS BRANDS has a one year low of $10.65 and a one year high of $17.18.
HOSTESS BRANDS (NASDAQ:TWNK) last issued its quarterly earnings data on Tuesday, August 8th. The company reported $0.18 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.19 by $0.01. The company had revenue of $203.18 million for the quarter, compared to analyst estimates of $205.41 million. On average, analysts forecast that HOSTESS BRANDS will post $0.59 earnings per share for the current fiscal year.
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TWNK has been the subject of several analyst reports. Deutsche Bank AG set a $19.00 price target on shares of HOSTESS BRANDS and gave the stock a “buy” rating in a research report on Wednesday, May 10th. UBS AG initiated coverage on shares of HOSTESS BRANDS in a research report on Monday, July 31st. They set a “neutral” rating and a $16.00 price target for the company. Stephens initiated coverage on shares of HOSTESS BRANDS in a research report on Tuesday, May 16th. They set an “overweight” rating and a $20.00 price target for the company. Zacks Investment Research cut shares of HOSTESS BRANDS from a “hold” rating to a “sell” rating in a research report on Wednesday, May 17th. Finally, BidaskClub upgraded shares of HOSTESS BRANDS from a “hold” rating to a “buy” rating in a research report on Friday, June 9th. Two equities research analysts have rated the stock with a hold rating, four have issued a buy rating and one has issued a strong buy rating to the stock. HOSTESS BRANDS presently has a consensus rating of “Buy” and an average target price of $17.83.
Hedge funds and other institutional investors have recently modified their holdings of the stock. First Personal Financial Services acquired a new position in shares of HOSTESS BRANDS during the first quarter worth about $106,000. Ameritas Investment Partners Inc. acquired a new position in shares of HOSTESS BRANDS during the second quarter worth about $113,000. First Mercantile Trust Co. acquired a new position in shares of HOSTESS BRANDS during the first quarter worth about $141,000. First Trust Bank Ltd. acquired a new position in shares of HOSTESS BRANDS during the first quarter worth about $159,000. Finally, BNP Paribas Arbitrage SA raised its position in shares of HOSTESS BRANDS by 896.1% in the second quarter. BNP Paribas Arbitrage SA now owns 9,881 shares of the company’s stock worth $159,000 after buying an additional 8,889 shares during the period. Institutional investors and hedge funds own 95.39% of the company’s stock.
HOSTESS BRANDS Company Profile
Hostess Brands, Inc, a packaged food company, focuses on developing, manufacturing, marketing, selling, and distributing fresh sweet baked goods in the United States. The company operates in two segments, Sweet Baked Goods and Other. Its principal product lines include Twinkies, Zingers, Donettes, coffee cakes, cupcakes, cinnamon rolls, Ding Dongs, honey buns, fruit pies, Sno Balls, mini muffins, Chocodiles, Ho Hos, brownies, Suzy Qs, bread and buns, danishes, jumbo muffins, iced cookies, eclairs, and madeleines.
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