Vanguard Personalized Indexing Management LLC purchased a new position in shares of Hostess Brands, Inc. (NASDAQ:TWNK – Free 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.
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.
Hostess Brands Company Profile
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.
- Five stocks we like better than Hostess Brands
- How to Invest in Hotel Stocks
- 2 Stocks That Doubled EPS Estimates and Flashing Buy Signals
- Stock Splits, Do They Really Impact Investors?
- Toyota vs Tesla: The Tortoise And The Hare Race Has A New Meaning
- 3 Fintech Stocks With Good 2021 Prospects
- 5 Critical Takeaways From MongoDB’s Q2 Results for AI Investors
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.