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.
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.
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