Segall Bryant & Hamill LLC Takes Position in Hostess Brands, Inc. (TWNK)

Segall Bryant & Hamill LLC acquired a new stake in Hostess Brands, Inc. (NASDAQ:TWNK) in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 10,947 shares of the company’s stock, valued at approximately $150,000.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Schwab Charles Investment Management Inc. boosted its stake in Hostess Brands by 51.8% in the first quarter. Schwab Charles Investment Management Inc. now owns 79,349 shares of the company’s stock valued at $1,260,000 after acquiring an additional 27,089 shares in the last quarter. Strs Ohio acquired a new position in Hostess Brands in the second quarter valued at $375,000. Morgan Stanley boosted its stake in Hostess Brands by 34.8% in the first quarter. Morgan Stanley now owns 80,034 shares of the company’s stock valued at $1,270,000 after acquiring an additional 20,653 shares in the last quarter. Janus Henderson Group PLC acquired a new stake in shares of Hostess Brands during the second quarter worth about $118,956,000. Finally, Swiss National Bank acquired a new stake in shares of Hostess Brands during the second quarter worth about $1,198,000. Institutional investors own 78.60% of the company’s stock.

Shares of Hostess Brands, Inc. (TWNK) opened at $14.43 on Wednesday. Hostess Brands, Inc. has a 12 month low of $11.00 and a 12 month high of $17.18. The company has a current ratio of 2.18, a quick ratio of 1.88 and a debt-to-equity ratio of 0.77.

Hostess Brands (NASDAQ:TWNK) last announced its earnings results on Wednesday, November 8th. The company reported $0.14 earnings per share for the quarter, topping the consensus estimate of $0.13 by $0.01. The business had revenue of $192.30 million during the quarter, compared to the consensus estimate of $198.42 million. Hostess Brands had a net margin of 2.58% and a return on equity of 1.16%. The company’s revenue for the quarter was down 2.0% compared to the same quarter last year. sell-side analysts forecast that Hostess Brands, Inc. will post 0.6 earnings per share for the current fiscal year.

Several brokerages have recently weighed in on TWNK. J P Morgan Chase & Co began coverage on shares of Hostess Brands in a research note on Wednesday, October 11th. They set a “neutral” rating and a $15.00 target price for the company. Zacks Investment Research upgraded shares of Hostess Brands from a “sell” rating to a “hold” rating in a research note on Tuesday, September 19th. Morgan Stanley began coverage on shares of Hostess Brands in a research note on Monday, September 25th. They set an “equal weight” rating and a $14.00 target price for the company. UBS downgraded shares of Hostess Brands from a “neutral” rating to a “sell” rating and decreased their target price for the stock from $16.00 to $11.00 in a research note on Friday, October 13th. Finally, Royal Bank of Canada began coverage on shares of Hostess Brands in a research note on Monday, September 18th. They set an “outperform” rating and a $16.00 target price for the company. One investment analyst has rated the stock with a sell rating, three have given a hold rating, four have issued a buy rating and one has assigned a strong buy rating to the company’s stock. Hostess Brands currently has a consensus rating of “Buy” and a consensus target price of $16.25.

In other news, CEO William Douglas Toler acquired 50,000 shares of Hostess Brands stock in a transaction that occurred on Friday, November 24th. The stock was purchased at an average price of $12.88 per share, for a total transaction of $644,000.00. Following the completion of the transaction, the chief executive officer now directly owns 250,000 shares in the company, valued at $3,220,000. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Neil P. Defeo acquired 10,000 shares of Hostess Brands stock in a transaction that occurred on Friday, November 24th. The stock was purchased at an average price of $12.96 per share, with a total value of $129,600.00. Following the transaction, the director now owns 16,482 shares of the company’s stock, valued at $213,606.72. The disclosure for this purchase can be found here. 25.50% of the stock is owned by company insiders.

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About Hostess Brands

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.

Institutional Ownership by Quarter for Hostess Brands (NASDAQ:TWNK)

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