Hostess Brands (NASDAQ:TWNK) Sees Unusually-High Trading Volume

Hostess Brands Inc (NASDAQ:TWNK) saw unusually-strong trading volume on Monday . Approximately 1,332,370 shares traded hands during mid-day trading, an increase of 18% from the previous session’s volume of 1,131,734 shares.The stock last traded at $13.85 and had previously closed at $13.45.

TWNK has been the subject of several recent analyst reports. BidaskClub raised shares of Hostess Brands from a “strong sell” rating to a “sell” rating in a research note on Saturday, November 9th. Zacks Investment Research upgraded Hostess Brands from a “sell” rating to a “hold” rating in a report on Friday, November 15th. Morgan Stanley boosted their target price on Hostess Brands from $14.00 to $15.00 and gave the company an “equal weight” rating in a research note on Tuesday. SunTrust Banks dropped their price target on Hostess Brands from $17.00 to $16.00 and set a “hold” rating for the company in a research note on Friday, September 20th. Finally, JPMorgan Chase & Co. reiterated an “overweight” rating on shares of Hostess Brands in a report on Tuesday. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating and five have given a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and a consensus target price of $15.63.

The company has a current ratio of 2.73, a quick ratio of 2.49 and a debt-to-equity ratio of 0.62. The company has a market cap of $1.75 billion, a PE ratio of 25.82 and a beta of 0.54. The firm has a 50 day moving average of $13.22 and a two-hundred day moving average of $13.78.

Hostess Brands (NASDAQ:TWNK) last announced its quarterly earnings data on Wednesday, November 6th. The company reported $0.13 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.12 by $0.01. Hostess Brands had a return on equity of 4.19% and a net margin of 5.88%. The business had revenue of $227.21 million during the quarter, compared to analysts’ expectations of $212.80 million. During the same quarter in the previous year, the business earned $0.10 earnings per share. The firm’s quarterly revenue was up 7.7% compared to the same quarter last year. On average, research analysts forecast that Hostess Brands Inc will post 0.61 EPS for the current year.

Several hedge funds and other institutional investors have recently bought and sold shares of TWNK. Maverick Capital Ltd. boosted its stake in shares of Hostess Brands by 2,699.3% in the 2nd quarter. Maverick Capital Ltd. now owns 267,610 shares of the company’s stock valued at $3,864,000 after buying an additional 258,050 shares during the period. Jefferies Group LLC lifted its holdings in shares of Hostess Brands by 96.4% in the second quarter. Jefferies Group LLC now owns 137,507 shares of the company’s stock valued at $1,986,000 after buying an additional 67,507 shares during the period. Victory Capital Management Inc. lifted its holdings in shares of Hostess Brands by 66.1% in the second quarter. Victory Capital Management Inc. now owns 4,471,474 shares of the company’s stock valued at $64,568,000 after buying an additional 1,780,147 shares during the period. California Public Employees Retirement System boosted its stake in Hostess Brands by 73.7% during the third quarter. California Public Employees Retirement System now owns 205,178 shares of the company’s stock valued at $2,869,000 after buying an additional 87,053 shares in the last quarter. Finally, Envestnet Asset Management Inc. boosted its stake in Hostess Brands by 41.5% during the third quarter. Envestnet Asset Management Inc. now owns 19,243 shares of the company’s stock valued at $269,000 after buying an additional 5,643 shares in the last quarter.

About Hostess Brands (NASDAQ:TWNK)

Hostess Brands, Inc, a packaged food company, develops, manufactures, markets, sells, and distributes fresh sweet baked goods in the United States. It primarily offer a range of snack cakes, donuts, sweet rolls, breakfast pastries, snack pies, and related products. The company operates in two segments, Sweet Baked Goods and In-Store Bakery.

Read More: Why is the price-sales ratio important?

Receive News & Ratings for Hostess Brands Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Hostess Brands and related companies with MarketBeat.com's FREE daily email newsletter.



Comments


share news on Facebook
tweet this investment news
share on linkedin
share on StockTwits
share on reddit