Vanguard Personalized Indexing Management LLC Purchases New Position in Hostess Brands, Inc. (NASDAQ:TWNK)

Vanguard Personalized Indexing Management LLC purchased a new position in shares of Hostess Brands, Inc. (NASDAQ:TWNKFree Report) during the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor purchased 9,644 shares of the company’s stock, valued at approximately $240,000.

Several other institutional investors also recently bought and sold shares of TWNK. Everhart Financial Group Inc. grew its stake in Hostess Brands by 11.5% in the 1st quarter. Everhart Financial Group Inc. now owns 11,203 shares of the company’s stock valued at $279,000 after acquiring an additional 1,159 shares during the period. Contravisory Investment Management Inc. grew its position in shares of Hostess Brands by 4.9% in the first quarter. Contravisory Investment Management Inc. now owns 10,923 shares of the company’s stock valued at $272,000 after purchasing an additional 515 shares during the period. Texas Permanent School Fund Corp increased its stake in shares of Hostess Brands by 33.4% during the first quarter. Texas Permanent School Fund Corp now owns 120,070 shares of the company’s stock worth $2,987,000 after purchasing an additional 30,059 shares in the last quarter. Duality Advisers LP acquired a new position in shares of Hostess Brands during the 4th quarter worth about $1,115,000. Finally, Sigma Planning Corp purchased a new position in Hostess Brands in the 1st quarter valued at about $281,000.

Hostess Brands Trading Down 0.5 %

Shares of TWNK stock opened at $28.33 on Friday. The company has a current ratio of 1.80, a quick ratio of 1.47 and a debt-to-equity ratio of 0.53. Hostess Brands, Inc. has a twelve month low of $21.59 and a twelve month high of $29.00. The company’s 50-day moving average price is $24.53 and its 200-day moving average price is $24.93. The stock has a market cap of $3.76 billion, a price-to-earnings ratio of 22.85, a PEG ratio of 2.70 and a beta of 0.62.

Hostess Brands (NASDAQ:TWNKGet Free Report) last posted its quarterly earnings results on Tuesday, August 8th. The company reported $0.28 earnings per share for the quarter, beating the consensus estimate of $0.27 by $0.01. The business had revenue of $352.36 million during the quarter, compared to analysts’ expectations of $359.24 million. Hostess Brands had a net margin of 12.28% and a return on equity of 7.82%. The business’s revenue for the quarter was up 3.5% on a year-over-year basis. During the same quarter in the prior year, the company posted $0.22 EPS. As a group, equities analysts predict that Hostess Brands, Inc. will post 1.12 earnings per share for the current year.

Analysts Set New Price Targets

A number of equities analysts have commented on the company. JPMorgan Chase & Co. cut Hostess Brands from an “overweight” rating to a “neutral” rating and set a $28.00 target price for the company. in a report on Thursday. StockNews.com assumed coverage on Hostess Brands in a report on Thursday, August 17th. They issued a “hold” rating on the stock. Deutsche Bank Aktiengesellschaft dropped their target price on shares of Hostess Brands from $25.00 to $24.00 and set a “hold” rating for the company in a report on Wednesday, August 9th. Finally, Morgan Stanley decreased their price target on shares of Hostess Brands from $27.00 to $25.00 and set an “equal weight” rating on the stock in a research note on Wednesday, August 9th. Five investment analysts have rated the stock with a hold rating and one has given a buy rating to the company’s stock. Based on data from MarketBeat, Hostess Brands presently has a consensus rating of “Hold” and an average price target of $26.83.

Get Our Latest Report on TWNK

Hostess Brands Company Profile

(Free Report)

Hostess Brands, Inc develops, manufactures, markets, sells, and distributes snack products in the United States and Canada. 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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Institutional Ownership by Quarter for Hostess Brands (NASDAQ:TWNK)

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