Swiss National Bank cut its stake in shares of Hostess Brands, Inc. (NASDAQ:TWNK – Get Rating) by 0.4% in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 326,000 shares of the company’s stock after selling 1,200 shares during the period. Swiss National Bank owned approximately 0.24% of Hostess Brands worth $6,914,000 as of its most recent SEC filing.
Other institutional investors have also recently made changes to their positions in the company. M&T Bank Corp grew its holdings in shares of Hostess Brands by 1.0% in the first quarter. M&T Bank Corp now owns 61,835 shares of the company’s stock valued at $1,356,000 after purchasing an additional 601 shares in the last quarter. First Horizon Advisors Inc. grew its holdings in shares of Hostess Brands by 343.3% in the second quarter. First Horizon Advisors Inc. now owns 7,173 shares of the company’s stock valued at $151,000 after purchasing an additional 5,555 shares in the last quarter. Connacht Asset Management LP acquired a new position in shares of Hostess Brands in the first quarter valued at approximately $345,000. Oppenheimer Asset Management Inc. acquired a new position in shares of Hostess Brands in the first quarter valued at approximately $1,488,000. Finally, AlphaCrest Capital Management LLC grew its holdings in shares of Hostess Brands by 124.3% in the first quarter. AlphaCrest Capital Management LLC now owns 34,263 shares of the company’s stock valued at $752,000 after purchasing an additional 18,988 shares in the last quarter.
Analysts Set New Price Targets
A number of research analysts recently weighed in on TWNK shares. StockNews.com started coverage on shares of Hostess Brands in a report on Wednesday, October 12th. They issued a “hold” rating for the company. Morgan Stanley lifted their price target on shares of Hostess Brands from $26.00 to $30.00 and gave the stock an “overweight” rating in a research note on Thursday, November 3rd. JPMorgan Chase & Co. lifted their price target on shares of Hostess Brands from $26.00 to $29.00 and gave the stock an “overweight” rating in a research note on Thursday, November 3rd. Finally, Credit Suisse Group lifted their price target on shares of Hostess Brands from $26.00 to $29.00 and gave the stock an “outperform” rating in a research note on Thursday, November 3rd. Two investment analysts have rated the stock with a hold rating and six have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $27.43.
Hostess Brands Stock Down 5.7 %
Hostess Brands (NASDAQ:TWNK – Get Rating) last issued its quarterly earnings data on Wednesday, November 2nd. The company reported $0.23 earnings per share for the quarter, topping the consensus estimate of $0.21 by $0.02. The business had revenue of $346.23 million during the quarter, compared to the consensus estimate of $322.43 million. Hostess Brands had a net margin of 12.75% and a return on equity of 7.66%. The company’s revenue was up 20.2% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.21 EPS. As a group, research analysts forecast that Hostess Brands, Inc. will post 0.97 EPS for the current fiscal year.
About Hostess Brands
Hostess Brands, Inc, a packaged food company, develops, manufactures, markets, sells, and distributes snack products in the United States. 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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